Existing home sales fell 1.8 percent as investors and cash buyers pulled away from the housing market. But August's existing home sales data had a silver lining: families are wading back into home ownership, albeit slowly.
The Federal Reserve held steady on interest rates Wednesday, but consumers can go ahead and take steps to prepared for the eventual, inevitable rate hike. As expected, the Fed tapered its monthly bond buying another $15 billion, staying on track to end the program in October.
The Radisson hotel chain suspended its sponsorship of the Minnesota Vikings over the team's decision to let running back Adrian Peterson continue playing despite felony child abuse charges. Sponsors have largely stuck by the NFL in recent weeks, even as public outcry over Peterson, Ray Rice, and others have overtaken the league.
Retail sales grew 0.6 percent in August, hitting a four-month high as consumers grew more confident about the direction the economy is headed. A strong month for the auto industry led retail sales in August, with furniture, building materials, ad electronics also performing well.
The US economy added 142,000 jobs in August, coming in well below expectations, and representing the smallest gain eight months. But while the weak jobs report may be a blip, the bigger issue, analysts say, is whether or not the slow growth in wages is holding the US economy back.
Fast food workers from McDonald's, Burger King, and others kicked off another round of nationwide strikes Thursday, re-iterating their demands for a $15 minimum wage and the right to unionize. Since the fast food strikes began in 2012, the wage gap has become a national issue, and several states, cities, and companies have raised minimum pay rates.
A recall of prepared chicken Caesar salad kits includes nearly 93,000 pounds of products that may be contaminated with listeria. The recalled Caesar salad kits from California-based APPA fine foods were sold at Sam's Club Café restaurants nationwide.
Home prices dipped slightly in June and growth slowed year-over-year, according to S&P/Case-Shiller's 20-city composite index. But according to analysts, a home prices slowdown could help bring the housing market more in line with the rest of the economy.
Honda models topped the National Insurance Crime Bureau’s list of the 10 most frequently stolen cars in America, with pickup trucks also a big target for thieves. Thefts of high-end luxury cars are less common.
Retail sales fell flat in July, according to data released Wednesday by the US Commerce Department. If the retail sales trend continues, some experts say, we may have to lower our expectations for economic growth in 2014.
Taco Bell has opened U.S. Taco Co. in California, in an effort to cater to a clientele that wouldn't normally set foot in a fast food restaurant. The new restaurant features sophisticated tacos and ingredients not typically associated with the Taco Bell brand.
The US economy added 209,000 jobs in July, fewer than analysts expected, and the unemployment rate ticked up to 6.2 percent. The July jobs report marked the sixth straight month of more than 200,000 added jobs, but there are signs that growth might be slowing.
McDonald's can be held liable for wage and labor violations by its franchisees, according to a ruling Tuesday by the National Labor Relations Board. The decision could mean more leverage for fast-food workers, but not before McDonald's and the rest of the restaurant industry fight to have it reversed.