Mortgage rates have risen, slowing down activity in the housing sector. Wells Fargo — along with many other companies — is trimming staff, in response to the grimmer economic outlook. Read more
Tag: Consumer Products
Consumer spending slows sharply as inflation hits home
The numbers: Americans increased spending in May by just 0.2% — the smallest increase in 2022 — as high inflation made them more cautious about what they buy and how much. Read more
Raging U.S. inflation is starting to cool, key price gauge signals
The numbers: A key gauge of U.S. inflation rose 0.6% in May largely due to the higher cost of gas and food, but there were renewed signs that price pressures Read more
Coming up: PCE inflation and consumer spending
The PCE inflation gauge preferred by the Federal Reserve is forecast to rise 0.7% in May. The core rate, which excludes food and gas, is seen increasing 0.4%. The 12-month Read more
This city is ‘the epicenter of the housing crisis,’ says a Biden administration official and another reason to swap your gas stove? Study finds cancer-causing chemicals in natural gas
Hi, MarketWatchers. Don’t miss these top stories. Another reason to swap your gas stove? Study finds cancer-causing chemicals in natural gas Harvard study finds the natural gas that lights gas Read more
These business majors have the highest ‘return on investment’ — with college graduates earning up to $165,000 a year
College students, listen up: Business degrees are the most popular undergraduate and graduate major in the U.S., but do they pay off? A new report by the Georgetown University Center Read more
Inflation is forcing Americans to change their diets: ‘We make vegetable soup’
Inflation is changing how and what people eat. More than half of consumers say they have changed their eating and drinking habits to manage the rising cost of living, according Read more
‘She has a poor work ethic’: I rent out rooms in a single-family home. I charge $1,300 per room, but my sister only pays $800. Should I ask her to pay more?
Dear Quentin, I own a rental property single-family home. I rent the rooms out individually for $1,200 per month plus utilities (about $1,300 all in). I have a very good Read more
23 million Californians will receive ‘inflation relief’ checks of up to $1,050. Here are 10 other states also offering cash payments.
Now, in a sign of the economy’s changing headwinds, direct checks are being billed as a way to soften inflation’s bite. But instead of the federal government issuing payments, a Read more
‘We shouldn’t have to be doing this’: North Dakota’s only abortion clinic has one month to pack up and move to Minnesota — but raises $815,000 on GoFundMe
After 21 years at its current location in downtown Fargo, N.D., Red River Women’s Clinic will be moving to Moorhead, Minn. The new location is a 15-minute drive away across Read more