Existing home sales fell to a 5.04 million annualized pace in April, even though homes sold at their fastest clip in nearly two years. The housing market is facing the same conundrum as other areas of the economy: things are improving, but not enough to translate into a change in the way most people live.
Gas prices tumbled to rarely seen lows in late 2014 and early 2015, leaving many Americans with a little more pocket money than usual – money that didn’t go to a new pair of designer shoes or paying down student debt.
US retail sales were flat in April, according to the Commerce Department. Consumers simply aren’t parting with their money as easily as they used to, which has left one segment of the retail industry reeling: stores in or near America's shopping malls.
Shoppers who eat a piece of apple before a grocery shopping trip buy more fruits and vegetables than their counterparts, according to a new study. The findings support other research suggesting that small, outside cues can have a big impact on our food choices.
A leading measure of US wage growth is finally accelerating after a long period of stagnation, and consumer spending is showing small signs of life. But increasingly, instead of spending that extra money, Americans are saving and paying down debts.
Existing home sales in the US surged a surprising 6.1 percent in March to a 5.19 million annualized pace, according to the National Association of Realtors (NAR). It was the best monthly performance for existing home sales in a year and a half.
Blue Bell Ice Cream is expanding an earlier recall to include all of its products due to a listeria outbreak that has been linked to several sicknesses and at least five deaths. The recall affects Blue Bell products sold in 23 states and some international markets.
Millennials are more optimistic about their finances than any other age group, according to a recent survey, despite weathering a student debt crisis and the worse recession in 80 years to start their young working lives. Millennials reported more confidence in their job security and savings than other age groups.
Low-wage workers in more than 230 cities kicked off a fresh round of strikes on Tax Day in what organizers say is the 'Fight for $15's biggest protest to date. Just around the corner, however, the Fight for $15 faces a big test of its political clout: the 2016 election cycle.
Retail sales increased 0.9 percent in March after three straight months of declines, according to the Commerce Department. The rebound in retail sales suggests the economy may be pulling out of the soft patch that began the year.
Sabra Dipping Co. will recall 30,000 cases of its Classic Hummus due to possible listeria contamination. The Sabra hummus recall affects products sold in retail outlets and supermarkets nationwide.
Fifty-two percent of Americans don’t have any holdings in the stock market, according to a Bankrate survey released Thursday. Lack of funds is the main reason, but many Americans still say the stock market is ‘too risky.’
The economy added just 126,000 jobs last month, a far cry from the 248,000 economists were expecting, the Labor Department reported Friday. Harsh winter and tumbling oil prices, which have hampered other parts of the economy, finally caught up with the job market in March.
Arkansas governor Asa Hutchinson asked state lawmakers Wednesday to rework or recall a religious freedom bill similar to the inflammatory religious freedom legislation signed in Indiana last week. Arkansas’ business interests, including Wal-Mart, came out in force against the bill earlier this week.
Consumer spending rose just 0.1 percent in February, the Commerce Department reported Monday. A harsh winter helped put a damper on consumer spending, but so did higher gas prices and consumers choosing to boost their savings or pay down debt rather than go shopping.