Mortgage Rates Hit 6.5% and the Inflation Report Won't Save You
Back in early March, the average 30-year mortgage rate had fallen to 5.75%. That was a nice number. A hopeful number. The kind of number that makes people dust off their pre-approval letters and start arguing about open floor plans. Then Iran happened, oil prices spiked,...
Fed Chair Warsh's Fix for Groupthink: Five Task Forces Full of Non-Fed People
The Federal Reserve, an institution that has spent decades perfecting the art of talking to itself, is about to hear from some people who...
Dead Broke: How Your Debt Can Loot Your Own Grave
Here's a fun thing nobody tells you at the estate planning seminar: dying doesn't make your debt disappear. It just makes it someone else's...
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Burger King Is Charging $18 for a Bacon Sandwich and Chili's Is Done Being Polite About It
Somewhere out there, a Burger King franchise is charging $18.19 for a Bacon King meal, and a stranger on the internet had the audacity to post the receipt....
Trump Accounts Are Real Now. Here's What to Know Before You Sign Up.
As of this past weekend, you can open a federally branded investment account for your child, watch it grow in the stock market, and eventually let them spend...
Trump Blew Up the Iran Ceasefire and Now Inflation Is Back on the Menu
The ceasefire with Iran lasted about as long as a Trump press conference apology. President Trump declared it over, the U.S. military hit dozens of targets...
Trump Blew Up the Iran Ceasefire and Now Gas Prices Are Going Up Again
Two days after the Dow Jones hit a record high, Trump declared the Iran ceasefire over, the U.S. military attacked dozens of targets along the Iranian...
Airlines Burned $6.66B on Fuel in May. Guess Who's Paying.
U.S. airlines spent $6.66 billion on jet fuel in May alone, the second consecutive month fuel costs have cleared $6 billion, according to government data...
Ford Recalls 177K Cars: Wipers Fail, Shafts Snap, Silent EVs Stalk Pedestrians
Ford is recalling over 177,000 vehicles across three separate recalls, covering defects that range from wipers that stop working in cold weather to electric...
USPS Just Raised Stamp Prices Again — And Wants 95 Cents Next
The U.S. Postal Service raised the price of a first-class Forever stamp to 82 cents on Sunday, the sixth price hike in five years, as the agency bleeds money...
22% Interest and Rising: America's Credit Card Trap Is Swallowing People Whole
The average credit card interest rate in America is sitting at nearly 22%. Not 8%. Not 12%. Twenty-two percent. If you're one of the millions of cardholders...
95% of Americans Say There's an Affordability Crisis. Trump Called It Fake.
Ninety-five percent of Americans think the country is in an affordability crisis. That is not a typo. That is not a partisan number. That is basically every...
Toyota Moves Tacoma Production to Texas After Trump Blows Up USMCA
Toyota just announced a $3.6 billion investment to move most of its Tacoma pickup truck production from Mexico to San Antonio, Texas — and the reason why tells...
The Fed's Inflation Ruler Is Getting Shorter Right When Inflation Is High
The government is about to change the math on its most important inflation measurement, and the new math will make inflation look better. This is either a...
Xbox CEO Admits 'Our Business Is Not Healthy' as 3,200 Jobs Get Cut
Microsoft's new Xbox CEO just sent a memo to her employees that read, and we are quoting directly here, 'Our business today is not healthy.' Then the company...