Summer gas prices heat up in sync with oil: AAA
Gasoline prices surged as oil prices heated up, and there's room for more increases, according to AAA.
GDP registers larger than expected gain in Q2, quieting concerns of a recession
Growth in the economy as measured by gross domestic product (GDP) increased in the second quarter, suppressing fears of a recession. It could push the Federal Reserve to continue raising rates to lower inflation in the months to come.
Fed delivers anticipated interest rate increase but no certainty over what's next
The Federal Reserve announced another 25 basis point interest rate hike on Wednesday following its June pause.
Christmas in July: Shoppers plan bigger spending earlier this holiday, survey says
Despite inflation and rising costs, more consumers said they were planning for a bigger spend on holiday gifts, according to a recent survey by Optimove.
Parents plan to spend less on back-to-school shopping this year: survey
Parents plan to cut back on back-to-school purchases by 10%, spending an average of $597 per student, according to the Deloitte survey.
Biden's income-driven repayment plan comes with a $475 billion price tag, report says
Biden's updated income-driven repayment plan could cost more than previously forecasted as the administration makes plans for current and future student loan debt.
Mortgage rates drop in response to easing inflation: Freddie Mac
The average 30-year fixed-rate mortgage decreased to 6.78% for the week ending July 20, according to Freddie Mac's latest Primary Mortgage Market Survey.
Home prices rebound in April to kick off solid start to spring homebuying season: Case-Shiller
Although home prices across the U.S. fell annually in April, on a monthly basis, prices increased by 1.3%, according to CoreLogic's S&P Case-Shiller index.
Biden's failed student loans forgiveness leaves some borrowers scrambling: survey
Roughly 75% of borrowers were counting on federal student debt relief and half spent money they otherwise would not have, a recent survey said.