Employers rebound, adding 142,000 jobs in August. Here's how it could impact the Fed's next rate decision.
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Updates
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ESPN and Disney went dark for millions of DirecTV customers. Here’s what to know about the contract dispute.
ESPN and Disney go dark for millions of DirecTV customers amid contract dispute
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More than three-quarters of Americans regret some of the financial moves they've made — or neglected to make — but two common missteps stand out as money matters people most wish they had handled differently. The most common financial regret? Not saving for retirement early enough, according to a new Bankrate study. "It shows a very common sentiment — that people may not be as prepared for retirement as they feel they should be, or just regret that they would be in a more secure financial position if they had started earlier," said Bankrate Chief Financial Analyst Greg McBride, CFA. Overall, 22% of Americans said not saving for retirement early enough is their top financial regret.
These are the financial moves Americans regret the most
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The number of "401(k) millionaires" — 401(k) plan participants with balances of at least $1 million — has reached a record high, new data from Fidelity Investments shows. As of June, there were roughly 497,000 so-called retirement-created millionaires in the U.S., according to the wealth management firm, which analyzed balances across 26,000 of its customers' accounts. Nearly 399,000 Americans also have a least $1 million in an individual retirement account.
U.S. has more 401(k) millionaires than ever, report shows
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Inflation rose at a temperate pace in July, cementing thoughts of interest-rate cuts by the Federal Reserve, according to economic data just released.
Inflation remains cool, clearing way for Federal Reserve interest rate cut
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Going green isn't only good for the planet — it can also put some green in your pocket. The U.S. added 142,000 clean energy jobs last year, with employment in the emerging sector growing more than twice as fast as the rest of the energy industry and the economy overall, the Department of Energy said.
U.S. is seeing a boom in clean energy jobs
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U.S. Department of Agriculture inspectors turned up dozens of violations at a Boar's Head plant in Virginia now linked to a nationwide recall of deli meats, according to new records released by the department, including mold, mildew and insects repeatedly found throughout the site. Last month, Boar's Head recalled all of the deli meats made at its plant in Jarratt, Virginia, after a listeria outbreak was blamed on products distributed from the site.
Bugs, mold and mildew found in Boar's Head plant linked to deadly listeria outbreak
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The Federal Reserve won't make its next rate decision until September 18, but homebuyers are already getting a break on borrowing costs, with the average rate for a 30-year fixed mortgage now at its lowest point since April 2023. The average rate on the most commonly used home loan dipped to 6.44% for the week ended August 23, the Mortgage Bankers Association said. With rates declining, more home hunters are applying for mortgages, the MBA said. "Prospective homebuyers are staying patient now that rates are moving lower and for-sale inventory has started to increase," Joel Kan, MBA's deputy chief economist.
Mortgage rates fall to their lowest since April 2023. Here's where rates could head next.
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