Economy

“I think people are trying to figure out exactly why that sort of economic behavior is happening because it seems strange,” said Kyla Scanlon. “But in my opinion, I think all of these things are rational.”

As interest rates on other forms of borrowing grow, HELOCs have become increasingly popular among homeowners with high credit scores.

Small businesses are more upbeat and are looking to hire. Today, we’ll unpack.

Wholesale prices for used electric vehicles increased 10.5% year-over-year in July, and used compact cars were up just over 4%.

The rise in oil prices and other commodities is helping to drive inflation up, with price increases outpacing wage gains.

Professor Jay Zagorsky from Boston University explains the movement behind getting rid of paper checks — and why he thinks they’re more useful than they might seem.

This morning, we’ll look at whether the K-shaped economy is turning C-shaped, with low-income wage growth catching up. Is the evidence enough?

“The K-shaped economy is over,” Treasury Secretary Scott Bessent declared on CNBC last week. Economists say the evidence is mixed at best.

We discuss what newly revealed cracks in the labor mean for the central bank’s next moves.

Experts say it's putting consumers and the car industry under pressure.