How the latest Fed rate hike affects what you pay on credit cards, mortgages, auto loans as well as your bank savings account.
Author: Paul Davidson, USA TODAY
Economy added disappointing 155,000 jobs in November
The economy added tepid 155,000 jobs in November. Economists expected 199,000 gains.
The dirty little secret behind jobless claims: record-low numbers aren’t all they seem
The share of laid-off workers seeking jobless benefits is lowest on record. It’s raising questions about a vital safety net in event of downturn
More retailers go cashless to cut costs, theft as holiday shopping ramps up
A small but growing number of retailers are no longer accepting cash. They want to limit the costs of handling dollar bills, and theft
Trump plans to boost China tariffs to 25%, could target iPhones, laptops
Trump is “highly unlikely” to back off plans to raise tariffs on Chinese imports to 25%, he told the Wall Street Journal. He could hit iPhones, laptops
An early holiday gift: Lower gas, oil prices could boost spending, economy
The drop in oil and gas prices is likely to lift consumer spending and the economy. That boost should more than offset a dip in oil investment.
Million-dollar homes: The number surges as home prices rise. Many are in California
US homes over $1 million increased by 400,000 the past year, the largest jump since 2012. Long Island, Seattle, California among pricey spots
Fed stands pat on rates, signals December hike amid upbeat economic outlook
The Fed held its key interest rate steady at 2% to 2 1/4%. With an upbeat economic outlook, it signaled a likely rate hike at its December meeting.
Economy adds robust 250,000 jobs in October in last employment report before election
Economy adds 250,000 jobs in October. The employment report is the last before midterm elections. Economists expected 200,000 payroll gains
Millennials drive homeownership higher despite rising mortgage rates
Homeownership rate for Americans under 35 reached 36.8% in Q3, highest since 2013. Better jobs and higher pay offset rising mortgage rates and prices.