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2 mins read

Hurricane Milton might cost insurers up to $50 billion — but it could have been much worse, analysts said

Hurricane Milton's insured losses could range from $30 billion to $50 billion, but it's far from an…

Lian Kit Wee   


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2 mins read

The 5 markets hit hardest by housing shrinkflation, with buyers paying up for smaller homes

Home prices have soared 36% over the past five years, while the square footage of a median-sized US…

Jennifer Sor   


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5 mins read

Why the interest-rate cut isn't delivering the relief consumers were hoping for

The 10-year Treasury yield went above 4%, leaving consumers facing high borrowing costs despite the…

Dan DeFrancesco   


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3 mins read

The economy is facing a 'no-landing' scenario that undercuts the financial relief many Americans hoped for

Robust economic data may mean the Fed has less urgency to cut interest rates, hurting the prospects…

Jennifer Sor   


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2 mins read

A recession next year is now even less likely following the blowout jobs report, says Goldman Sachs

Economists are less concerned about an imminent downturn after far more jobs were added in Septembe…

Theron Mohamed   


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10 mins read

Boomers spent their lives accumulating stuff. Now their kids are stuck with it.

Baby boomers spent decades buying stuff. Now they have to have difficult conversations with their k…

Emily Stewart   


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6 mins read

America's trade war is coming for Gen Z's favorites

Gen Z could see higher prices on Shein and Temu goods due to a Biden administration proposal.

Jacob Zinkula   


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6 mins read

Gen Z found a home in Asheville. Hurricane Helene swept it away.

Gen Z moved to Asheville for work and a close-knit community. After Hurricane Helene, they wonder i…

Allie Kelly,Jordan Pandy   


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2 mins read

The US economy grew way faster than expected this spring

US real GDP blew past expectations in this year's second quarter. It rose 2.8% compared with a fore…

Madison Hoff   


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7 mins read

The Housing Ice Age is thawing

The housing market's Ice Age is finally thawing, with buyers and sellers showing signs that they're…

James Rodriguez   


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4 mins read

A millennial couple who make $250,000 say they can't find a home in their budget: 'We refuse to become house-poor'

A millennial couple who earn $250,000 say they can't find a home in their budget. They're cutting b…

Jacob Zinkula   


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2 mins read

Millennials who can't afford to buy homes are helping make suburban Chicago and Miami the most competitive rental markets in the US

The pandemic-induced rise of remote work fueled competition in certain suburbs and Sunbelt cities, …

Eliza Relman   


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8 mins read

Boomers are selling off their businesses. Millennials are swooping in.

Americans over 50 own half of small businesses. The massive sell-off could be a $10 trillion opport…

Ann C. Logue   


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2 mins read

The sharp rise in US immigration explains why the labor market is so loose and the housing market is so tight, JPMorgan says

Immigration has added close to 3.3 million people to the US in 2023 and 2024. JPMorgan explains the…

Filip De Mott   


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4 mins read

John Towfighi   


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3 mins read

Warren Buffett's company is so big it's like a mini US economy. Here's what it signals about the state of consumers.

Warren Buffett's Berkshire Hathaway owns scores of companies across a range of industries, and stro…

Theron Mohamed   


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1 min read

The starter home is making a comeback as the housing market thaws for first-time buyers

Sales of starter homes in July were the highest in over a year as first-time buyers take advantage …

Kelly Cloonan   


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5 mins read

Xi Jinping just fired his giant money cannon at the wrong target

Wall Street ate up China's newest plan to jump-start their economy. But Xi Jinping's ideas won't fi…

Linette Lopez   


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6 mins read

The basic income myth: cash discourages work

Guaranteed basic income critics often argue cash discourages work. Experts and participants say tha…

Allie Kelly   


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4 mins read

Montana's housing crisis is a warning for older homeowners across the country

Older and retired Montanans are particularly hard hit by the state's severe housing crisis, as thei…

Eliza Relman