Economy

Energy prices remain elevated, which affects costs of transportation, materials, and power.

Prices are up for consumers, and the stores where they are buying goods are seeing some cost increases, too.

Despite a major international conflict, markets have remained strong. There’s historical precedent for that.

The net result is that the average American household’s buying power has dwindled by 0.1% over the past year.

New delinquencies have largely stabilized after a big spike a couple of years ago, but lots of people are still carrying around old credit card debt they fell behind on.

“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.