MoneyWatch

If you’re a potential homebuyer who’s wondering whether it really makes sense to buy a home in today’s tough (and expensive) housing market, you certainly aren’t the only one. For starters, home prices remain elevated due to a mix of limited inventory and persistent demand. And, ongoing inflation issueshave led the Federal Reserve to keep its benchmark rate paused at …

Dallas, Detroit, Honolulu, San Francisco and Seattle are all distinctly different U.S. cities, but with one thing in common: Residents there have been hit hardest by inflation. That’s according to a study from WalletHub which compared key inflation metrics within 23 major metropolitan statistical areas in connection with the latestConsumer Price Index data, as well as CPI data from two …

The Food and Drug Administration “inadvertently archived” a whistleblower’s complaint regarding conditions at an Abbott Nutrition plant that produced powdered baby formula recalled in 2022 due to bacteria that killed two infants, an audit shows. An early 2021 email raised red flags about the plant in Sturgis, Michigan, that became the focal point of a nationwide shortage of infant formula …

Federal transportation officials are investigating how titanium sold with phony documentation made its way into parts used in making Boeing and Airbus planes. The Federal Aviation Administration and Spirit AeroSystems, a supplier of fuselages to Boeing and wings for Airbus, said Friday they are each investigating the scope and impact of the issue, which could raise potential concerns about aircraft …

Wells Fargo fired more than a dozen workers last month after allegations that the employees were faking work activity on their computers. The bank terminated the workers after investigating claims of “simulation of keyboard activity creating impression of active work,” according to a filingcited by Bloomberg News, which earlier reported the firings. The terminations were reported in disclosures filed with …

In a dreary part of downtown Atlanta, shipping containers have been transformed into an oasis for dozens of previously unsheltered people who now proudly call a former parking lot home. The gated micro community known as “The Melody” doesn’t look like a parking lot anymore. Artificial turf is spread across the asphalt. Potted plants and red Adirondack chairs abound. There’s …

Waffle House CEO Joe Rogers III says the restaurant chain is making its “single largest additional investment in our workforce” in its 68-year history by hiking base pay for servers to three bucks an hour. The raises take effect this month and follow a more than year-long campaign led by a union that represents service workers in the South. The …

Some taxpayers may not be aware that they owe the IRS a check on Monday, which could lead to their owing the agency a chunk of change come next April. More Americans are getting caught up by the issue, which involves quarterly estimated taxes, or payments made to the IRS throughout the year on income that isn’t subject to withholding. …

Pittsburgh is well-known for its steel industry and for bringing ketchup to the French fry-loving masses. As it turns out, it is also one the most affordable places in the world, according to a newstudy. In a report on international housing affordability by Chapman University and Frontier Centre for Public Policy, a Canadian think tank, Pittsburgh earned the title of …

The price of gold has been soaring in 2024, with prices hitting a new record high in late May. While prices have retreated a bit below the $2,400 per ounce mark since then, gold prices are still up so far this year by around 13.5% through early June, according to World Gold Council data. These recent price increases have been …