Top 5 US housing markets where home prices are dropping right now

Home sellers across the country still find themselves needing to cut their asking prices in order to find buyers, with nearly one out of every six of them doing so last month. However, in some cities, that figure is much higher.

American confidence in economy drops to four-year low, poll finds

American economic confidence has plummeted to its lowest level in nearly four years, driven by a combination of resurgent inflation, soaring gas prices and growing political pessimism in both parties. 

Is cheap gas bad for your car?

As gas prices soar, are the cheapest gas stations OK for your car? We talked to an expert to find out.

Trump announces rollback of Biden-era refrigerator and AC regulations
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President Donald Trump announced the rollback of Biden-era regulations on refrigerators and air conditioners, arguing the rules raised costs for transporting refrigerated goods and increased prices for everyday consumer products.

Subminimum wage hike delay OK’d by Chicago City Council

The City Council approved a compromise deal to delay the gradual increase in the subminimum wage for tipped workers in Chicago.

Expert analysis: Gas prices surge ahead of Memorial Day travel rush
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With millions preparing for Memorial Day road trips and gas prices topping $5 a gallon in Illinois, GasBuddy analyst Patrick De Haan explains why another spike could be coming and how drivers can save at the pump.

House proposal would charge EV owners $130 yearly for road repairs

Electric vehicle owners could soon face a $130 annual federal fee under a proposed bipartisan bill created to shore up funding for road maintenance.

Americans turning to installment plans to skip credit cards, live comfortably

More than a quarter of Americans sometimes or often turn to buy-now-pay-later purchase plans when shopping online and many of them are doing so to avoid racking up credit card debt, a new study finds. 

How does unemployment work?

The U.S. is in what economists are calling a “low-hire, low-fire" state, which means many people who are out of work are struggling to find new jobs. Here’s what to know about unemployment benefits.

Fidelity $2.5M data breach settlement: See if you qualify

Fidelity Investments settled a $2.5 million lawsuit following a 2024 data breach that compromised the personal and financial information of tens of thousands of customers.

April had the 6th-highest gas prices in nearly 4 years

Consumers faced record-breaking hardship at the pump in April as the national average for a gallon of gas exceeded $4 per gallon for the first time since 2022.

Are we headed for a recession or just a crisis of confidence?
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With recession fears rising and Americans bracing for economic uncertainty, Ross Mac of Maconomics breaks down the warning signs, what a downturn could mean for your finances, and how viewers can prepare now.

SNAP changes are impacting local grocery stores
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Two weeks after major SNAP changes took effect. Some local grocery stores say they’re already feeling the impact.  Lauren Scafidi is following this tonight.

Illinois gas prices spike again as pain at the pump worsens
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Gas prices across Illinois have jumped another 70 cents in just a week, and Brian Jackson breaks down what’s driving the surge and how long drivers could feel the impact.

Expert analysis: Gas prices surge nationwide as drivers feel pain at the pump
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GasBuddy’s Patrick De Haan explains why gas prices are climbing so quickly, how today’s costs compare historically and when drivers could finally see relief if the war ends.

Walmart to cut or relocate 1,000 jobs in efforts to compete with Amazon

Walmart is restructuring its staff to focus on expansion of AI and tech initiatives. The move marks a significant strategy to compete with Amazon and other retailers.

Illinois could see higher gas taxes on July 1 amid surging prices | The Chicago Report
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As gas prices surge across the country, Illinois' motor fuel tax is set to increase again on July 1. Despite calls to suspend the gas tax, Gov. JB Pritzker has not been warm to the idea.

Young Americans stand out for job market pessimism, data shows

Young Americans' confidence in the job market has plummeted significantly, falling well below the optimism levels of older generations for the first time in years, according to a new poll.