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Latest Stories

Latest Stories

Consumers don't expect their incomes to grow as fast as prices

May 13, 2024
Consumers forecast inflation at 3.3% this time next year and are less confident that their earnings will rise as much as they had expected.
Consumers expect to spend more on the need-to-haves, like housing and food. Discretionary want-to-haves in their budgets may be squeezed.
Scott Olson/Getty Images

Primary home stock gets a boost as demand for second homes drops

May 13, 2024
Softer demand for second homes has led to greater inventory in some markets, but overall, the climate is still competitive for buyers.
In 2023, demand for vacation home mortgages fell 40%, according to Redfin. And there are signs things haven’t exactly picked up this year.
zimmytws/Getty Images

More companies are adopting policies to support employees recovering from addiction

May 13, 2024
Nearly 50 million people in the U.S. have a substance use disorder, and most are in the workforce. Could employers take a bigger role in recovery?
Research shows that recovery-supportive workplace policies can reduce turnover costs, injuries, accidents and health care costs.
SDI Productions/Getty Images

Fast-food chains may need to offer more value meals to lure customers

May 13, 2024
McDonalds, KFC and Pizza Hut have reported soft sales as customers reject inflated prices. That means franchises have to get creative.
Fast-food restaurants hope that meal deals will bring back patrons who feel that eating out has become too expensive.
Brandon Bell/Getty Images

The U.S. exports more petroleum than it imports. So why are we importing at all?

May 13, 2024
It's largely about the chemistry of the oil and the mechanics of the refineries. In many cases, importing foreign crude is cheaper.
An oil pumpjack in Texas. Importing foreign crude oil is often cheaper for the United States.
Brandon Bell/Getty Images

Communities were sometimes winners in the Numbers gambling game

May 13, 2024
The illegal game has similarities with a state lottery. For many Black residents of Detroit, it represented an opportunity.
In Detroit, Numbers men — who ran an underground gambling game — were known for funding legal Black-owned businesses and social services.
Illustration: Dylan Miettinen/Marketplace | Vintage Postcard: Yesterdays-Papers/DeviantArt

The days of free refills may be over

May 13, 2024
McDonald’s announced that it would phase out its self-service machines by the end of 2032. More restaurants may follow suit.
Self-serve refill machines will be phased out at McDonald's by 2032.
Justin Sullivan/Getty Images

For public good, not for profit.

From the 1920s to the 2020s, cash-strapped homebuyers turn to smaller homes

May 13, 2024
Home builders are making new homes smaller to keep prices down. In Southern California, where land is scarce and housing is expensive, buyers are turning to small pre-war homes or ADUs.
Smaller pre-war homes, built before 1940 and under 1,500 square feet, vary in price based on location, size and condition. In South L.A., price per square foot can range from $300-800.
Courtesy Michael Robleto

Buy now, pay later debt grows but is hidden from credit bureaus

May 13, 2024
Adobe Analytics projects that buy now, pay later loans could drive as much as $84 billion in spending in 2024. But the debt shoppers are racking up is basically hidden from credit bureaus, lenders and economists.
Consumers are increasingly opting for buy now, pay later options. And that debt is basically invisible to credit bureaus and lenders.
i_frontier/Getty Images

The number of publicly traded companies in the U.S. is in decline. Here's why that matters.

May 13, 2024
When fewer companies are public, it limits our understanding of what’s happening in the economy.
The number of publicly listed companies has been nearly halved since the '90s.
Michael M. Santiago/Getty Images