Mortgage rates reach highest level in over 20 years
Rates for a 30-year fixed mortgage now average 7.09%, the highest since 2002, putting further pressure on the cooling housing market amid high prices.
Trader Joe's execs shoot down possibility of self-checkout
Trader Joe's leadership rejected the idea of the grocery chain implementing self-checkout this week, saying it was "false."
Mortgage rates hit highest level in 20 years
The average long-term U.S. mortgage rate jumped to %7.09%, its highest level since April of 2002, according to Freddie Mac. One year ago, the rate averaged 5.13%. LiveNOW's Andrew Craft spoke about mortgage rates with Uri Man, CEO of Lagoon Management. More LiveNOW from FOX streaming video
Toddler Towers recalled due to ‘fall and injury hazards to young children'
Simplay3 has received 16 reports of the Toddler Towers tipping over while in use, including 10 reports of injuries.
Walmart's hot sellers amid inflation? Hand mixers, kitchen tools as people prepare meals at home
Walmart is reporting strong second-quarter sales results as the retailer’s low-price model continues to attract budget-conscious consumers in a tough economic environment.
Real estate brokerage giant predicts 'tough' market for remainder of 2023
Redfin CEO Glenn Kelman said the real estate market is at a 'standstill.'
Homebuilder sentiment plummets as mortgage rates surge again
Builder confidence unexpectedly dropped for first time this year.
Aldi to buy Florida-based Winn-Dixie grocery stores. Here's what that means
Aldi has agreed to purchase the parent company of Florida-based grocery store Winn-Dixie and plans to convert some locations into the Aldi format, Southeastern Grocers Inc. announced Wednesday.
Walmart, Exxon Mobil team up for gasoline deal
The gas discount deal is effective now through Sept. 15, and gives Walmart+ members a 20-cent discount for each gallon of gas.
Tesla selling cheaper versions of its Model S, X cars with shorter ranges
The new affordable standard models are $10,000 less than the base versions and are available for delivery between September and October.
Luxury watch market demand boosted by younger generation of buyers
Luxury watch sales are a $75B market.
Student loan repayments could slam big-name retailers this fall
Several major stores may face a hit this fall when student loan payments resume, affecting millions of U.S. homes.
Amazon launching generative AI feature that summarizes product reviews
Amazon says the feature is now available for some mobile shoppers in the U.S., and the company may expand it to more consumers based on customer feedback.
Inflation forcing Americans to spend $709 more per month than 2 years ago: economist
Inflation has created financial pressures for most U.S. households and forced them to pay more for daily necessities like food and rent.
Shopper shocked by nearly $2,800 grocery bill: ‘Panic mode’
An Ohio woman was shocked when what was meant to be a routine order for a few hundred dollars of groceries from Kroger turned into a nearly $2,800 bill.
Nestlé recalls cookie dough for possibly containing wood fragments
So far, no injuries or illnesses have been reported as a result of the contamination.
Instacart now accepting SNAP benefits online in all 50 states
More than 42 million people – over 12% of the population – receive SNAP benefits.
About 2.2. million candles sold by Target are recalled
Lit candles under the recall have cracked or broken at least 19 times, the CPSC said.
Last New Jersey Kmart closing, leaving only 2 open in the U.S.
Attention Kmart shoppers! One of the discount chain's last remaining locations is getting ready to close its doors. Shoppers in Bergen County, New Jersey are ready to snatch up one last blue light special.
Ice cream recalled in nearly 20 states for Listeria contamination
A possible Listeria contamination has prompted a recall of Real Kosher Ice Cream's Soft Serve On The Go cups. Two people have experienced an illness that led to hospitalization.