Tag Archives: MoneyWatch

The nation’s gross national debt has exceeded $31 trillion, according to a U.S. Treasury report released Tuesday that logs America’s daily finances. Nearing the statutory ceiling of roughly $31.4 trillion — an artificial cap Congress placed on the U.S. government’s ability to borrow — the debt numbers are hitting an …

Workers at McDonald’s corporate offices are hesitant to return to the company’s Chicago headquarters over concerns that crime in the area is soaring, the fast food giant’s CEO said this week. In particular, employees are reluctant to ride mass transit in order to commute to work, citing a surge in …

The owner of Regal Cinemas declared bankruptcy on Wednesday in a bid to deal with billions of dollars in debt and subpar movie attendance.  Cineworld, which has nearly $5 billion in debt, said it plans to cut costs by renegotiating how much it pays in rent for theaters. The company, …

The past couple of years have proved to be a great time for home sellers, with property prices jumping by almost 40% since the start of the pandemic. But those heady days are likely over, with Wall Street economists predicting that the average home price could either “stall completely” or …

WeWork co-founder Adam Neumann is jumping back into the real estate game three years after his abrupt exit from the troubled shared office space company. His new company, called Flow, aims to transform the residential rental market and has secured a sizable investment from noted Silicon Valley venture capital firm Andreessen …

During the pandemic, home sellers had the upper hand as droves of buyers competed for a limited pool of properties. But there are signs the tide is turning, as a growing number of sellers now cutting prices.  About 1 in 7 listed properties had a price reduction in June — …

The chronic shortage of homes for sale that’s made fierce bidding wars common and sent prices to record highs has long frustrated homebuyers. After a streak of annual declines going back three years, the number of homes for sale finally rose on an annual basis in May and June. But …

One in four young adults lived with their parents or another older family member in 2021, the largest share in more than 50 years, according to a new pew from the Pew Research Center.  The trend is even higher for people between ages 25 to 34 without college degrees, with …

Federal Reserve officials were concerned at their meeting last month that consumers were increasingly anticipating higher inflation, and signaled that much higher interest rates could be needed to restrain price increases. The policymakers also acknowledged that their rate hikes could weaken the economy, according to minutes from their June 14-15 …

The nation is making little to no headway in preventing bacteria-laden chicken from landing in U.S. grocery stores and sickening thousands of Americans annually, with Consumer Reports finding in a recent test that one-third of ground chicken samples contained salmonella. Nearly 1.4 million Americans are infected with salmonella each year, …