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American dream of owning a home out of reach for many as mortgage rates soar (again)

Mortgage interest rates are heavily influenced by the yield on 10-year Treasury bonds, which has been rising as oil prices soar.
Houses under construction.
Houses under construction.

Senate blocks crypto regulation bill in a major blow to the industry

The 49-50 vote on whether to move forward with the legislation was a pivotal election-year test for the $2.3 trillion cryptocurrency market.
John Thune.
John Thune.
16d ago
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How a 5% yield on 10-year Treasury bonds affects everyone

Most Americans don’t own government bonds, but their rates exert massive influence on the entire economy — and ultimately household finances.
US public debt surpasses $40 trillion for first time
US public debt surpasses $40 trillion for first time
24d ago

Fuel prices at record Labor Day high in U.S. due to Iran war and refinery issues

Prices shot up after the U.S. and Israel attacked Iran in February and have not settled down since. Crude oil traffic through the key Strait of Hormuz has plunged, and Iran has refused to reopen the waterway.
Image: Gas station prices on display
Image: Gas station prices on display
24d ago

The poorest in the U.S. can’t find housing even as low-income units sit empty

“I just keep trying to swim uphill,” says Mathew Davis, 49, of the few hundred dollars he earns a month.
Affordable Housing Shortage
Affordable Housing Shortage
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How an insurance giant allegedly saved more than a billion dollars as storms destroyed homes

The documents, released last week, are at the heart of a yearslong legal battle embroiling State Farm and nearly 1,000 homeowners.
A thunderstorm moves toward Ballinger, Texas, in 2020.
A thunderstorm moves toward Ballinger, Texas, in 2020.
36d ago

Unaffordable America

Unaffordable America

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The funeral industry is killing Americans’ bank accounts

Credit cards, rented caskets, Amazon urns: Here’s how Americans are coping with the rising cost of dying.
Illustration of a gravestone and an urn
Illustration of a gravestone and an urn
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Trump and private equity are circling America’s nest eggs

Trump says retirement savers should have access to private equity. But, after one investment lost 92% of its value, some are warning of the risks involved.
People sit on a bench in Hercules, California, US, on Thursday, June 20, 2024.
People sit on a bench in Hercules, California, US, on Thursday, June 20, 2024.
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Is everything a splurge now? The new math of spending big

Years of rising prices have changed the equation on how much to spend on sports tickets, dining and entertainment.
Photo illustration of a green ticket that says "Admit One, Big Spender" and "Price: $Life.Savings."
Photo illustration of a green ticket that says "Admit One, Big Spender" and "Price: $Life.Savings."
55d ago
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Why the U.S. labor force is hemorrhaging workers

A drop in the July unemployment rate masks a rapidly shrinking workforce that has lost more than 2.1 million people since November.
US Economy Ahead Of Gross Domestic Product Figures Release
US Economy Ahead Of Gross Domestic Product Figures Release
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Is homeownership still the best way to build wealth?

Rising inflation and a bull market on Wall Street are challenging the long-held belief that owning a home is the surest path to building wealth.
A woman with an umbrella walks past red, white and blue painted row houses.
A woman with an umbrella walks past red, white and blue painted row houses.