Business

Inflation fell to 3% in June — the 12th-consecutive month of declines. Forecasts called for 12-month consumer price increases to slow from 4% in May to 3.1% in June — just about 1 percentage point…

The Federal Reserve raised its key federal funds rate 10 times since March 2022 — something it hasn’t done as aggressively since the 1980s. The central bank hopes that by doing so, it can slow…

It took a while, but people are just about done catching up on experiences lost during the pandemic. While a minority of high-dollar travelers are still confronting — and paying — four-figure airfares to Paris…

Bank of America must pay more than $100 million to customers for doubling up on some fees, withholding reward bonuses and opening accounts without customer consent. Bank of America will pay $90 million in penalties…

As inflation continues to slow, shoppers are finally getting some relief at the grocery store. Rising food prices have been among the biggest drivers of inflation since 2020, with a combination of labor shortages, supply…

For much of the post-pandemic period, U.S. consumers have experienced rapid price increases that touched nearly every aspect of the economy, from food and gas to hotels, airfares and cars. But finally, the price-growth fever…

Microsoft confirmed Monday that it’s eliminating additional jobs, a week after the start of its 2024 fiscal year. The cuts are in addition to the downsizing announced in January that resulted in 10,000 layoffs. The software maker…

Employment growth eased in June, taking some steam out of what had been a stunningly strong labor market. Nonfarm payrolls increased 209,000 in June and the unemployment rate was 3.6%, the Labor Department reported Friday.…

Whether you’re contemplating buying or selling a house these days, it’s likely you’re a baby boomer — or are financially supported by one. At $436,800, the median home sale price in the U.S. remains significantly…

Mortgage rates last week hit their highest level since the end of May, which in turn weighed on mortgage demand. Total mortgage application volume dropped 4.4% last week compared with the previous week, according to…