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Here's how much more expensive the average home became over one year
The cost of U.S. homeownership has surged over the past year amid a push from the Federal Reserve to fight inflation.
Resilient U.S. consumers spent more money in August, even as the Fed seeks to slow that down
It's a sign the economy is holding up even as inflation lifts prices for food, rent, and other essentials.
Disney World to reopen Friday as Hurricane Ian passes north
The resort, as well as Disney Springs, will reopen on a phased-in basis.
S&P 500 closes at new 2022 low as Apple leads broad market sell-off
A stronger-than-expected jobless claims report didn’t help sentiment. That built on the notion that the Fed will keep raising rates to fight inflation.
U.S. economy drops at 0.6% annual rate from April through June
Most economists, citing a strong and resilient American job market, believe the world’s biggest economy is not yet in a downturn.
Peloton will sell bikes, Treads at Dick’s Sporting Goods in its first brick-and-mortar partnership
After enjoying a surge in demand during the pandemic, Peloton has been fighting more recently to expand its customer base and stem its losses.
Major U.S. banks will participate in climate scenario exercise
The exercise will kick off the Fed’s efforts to gauge the level and management of risks for banks when it comes to climate change.
The 30-year home mortgage rate hits 6.7%, highest since 2007
Rising mortgage rates, among other market challenges, are causing home values to fall for the first time in 10 years.
Bed Bath & Beyond reports a 28% drop in sales as it presses ahead with its turnaround plan
The company said late last month it would change its merchandise strategy, close 150 stores and lay off some employees as it also secured a new loan ahead of the holiday season.
Orange juice could get even more expensive as Hurricane Ian hammers Florida's citrus crop
More than 90% of America’s orange juice is made from Florida-grown oranges.
Stocks rebound from 2022 low; Dow closes up more than 500 points
The rally was broad-based, with 485 stocks in the S&P 500 trading higher.
