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from MON 3:00 AM EST until TUE 3:00 AM EST, Coastal Volusia County, Coastal Flagler County

Economy

Latest updates on the U.S. economy.

US housing market needs 1M more homes to satisfy demand

US housing market needs 1M more homes to satisfy demand

National Association of Realtors Chief Economist Lawrence Yun argued that policy changes could boost housing supply. The shortage of homes is keeping upward pressure on prices.

October 24, 2023 4:21pm EDT
Adult kids are moving in with parents to save for homes, survey reveals

Adult kids are moving in with parents to save for homes, survey reveals

The rate on the 30-year fixed mortgage now stands at 7.63%.

October 23, 2023 7:14pm EDT
What is 'coffee badging'? New trend a response to 'return-to-work'

What is 'coffee badging'? New trend a response to 'return-to-work'

Many employees who miss remote work are taking part in a trend called "coffee badging." So-called coffee badgers come to work, grab a coffee and leave, earning their "badge" for showing up.

October 23, 2023 4:09pm EDT
US inflation barely declined in September, price increases slow down slightly

US inflation barely declined in September, price increases slow down slightly

Measures of U.S. inflation barely declined in September, evidence that consumer price increases are grinding lower at a gradual pace.

October 12, 2023 2:05pm EDT
US still feeling effects of 'tip culture' following COVID-19 pandemic, professor says

US still feeling effects of 'tip culture' following COVID-19 pandemic, professor says

A Clemson University professor says he attributes this to the pandemic and inflation.

October 12, 2023 12:46pm EDT
'A transformative win': GM agrees to put EV battery plants under UAW national master agreement

'A transformative win': GM agrees to put EV battery plants under UAW national master agreement

GM agreed to put its electronic vehicle battery manufacturing plants under the UAW national master agreement Friday, just as the union was about to strike at the automaker's Arlington Assembly Plant.

October 6, 2023 2:54pm EDT
UAW president announces last-minute major contract breakthrough with GM, no expanded strikes

UAW president announces last-minute major contract breakthrough with GM, no expanded strikes

The UAW is threatening to add more members to the picket line on Friday as talks between the union and Detroit's Big Three continue.

October 6, 2023 6:33am EDT
UAW strike: Union President Shawn Fain to give update Friday afternoon

UAW strike: Union President Shawn Fain to give update Friday afternoon

UAW President Shawn Fain has called an update for Friday, Oct. 6 at 2 p.m. as the strike is now reached three weeks long.

October 5, 2023 12:45pm EDT
Child care programs across the country lose subsidies from federal government

Child care programs across the country lose subsidies from federal government

After two years of receiving federal subsidies, 220,000 child care programs across the country lost funding.

October 4, 2023 11:12am EDT
UAW Strike inflicts nearly $4 billion in losses, analysis shows

UAW Strike inflicts nearly $4 billion in losses, analysis shows

The economic damage from the strike will continue to worsen each week that workers are off the line. After last week's added targets, one automaker is expected to hit particularly hard.

October 2, 2023 3:56pm EDT
UAW strike update: 25K union members walking picket lines after strike expands to more GM, Ford plants

UAW strike update: 25K union members walking picket lines after strike expands to more GM, Ford plants

About 25,000 UAW members at Big Three facilities around the country are on strike Monday morning. Thousands of union members at GM and Ford facilities joined the strike Friday.

October 2, 2023 7:06am EDT
Ford CEO says UAW 'holding the deal hostage' with automaker over battery plants

Ford CEO says UAW 'holding the deal hostage' with automaker over battery plants

Ford President and CEO Jim Farley will provide an update on negotiations with the UAW on Friday afternoon after union members at its Chicago Assembly Plant were called to strike.

September 29, 2023 11:45am EDT
As employers encounter labor shortages, Biden administration unveils playbook for training workers

As employers encounter labor shortages, Biden administration unveils playbook for training workers

Worker shortages have been frustrating for some employers, who raised their investments in new factories and construction projects after President Joe Biden signed into law funding for infrastructure, computer chips and a shift toward renewable energy sources.

September 29, 2023 11:21am EDT
UAW strike update: Workers at GM Lansing Delta Assembly, Ford Chicago Assembly Plant called to picket line

UAW strike update: Workers at GM Lansing Delta Assembly, Ford Chicago Assembly Plant called to picket line

UAW President Shawn Fain called on 7,000 Ford and General Motors union members to join the strike Friday. Workers at Ford Chicago Assembly Plant and GM Lansing Delta Assembly will walk to the picket line at noon.

September 29, 2023 10:41am EDT
UAW President Fain says automakers are enabling attacks & hiring scabs; Stellantis ‘appalled’ by claims

UAW President Fain says automakers are enabling attacks & hiring scabs; Stellantis ‘appalled’ by claims

The UAW and Detroit's Big Three are still working to negotiate a new agreement and both sides are claiming and escalation in violence. On Thursday, UAW President Shawn Fain blamed two of the automakers for hiring 'scab' replacement workers but Stellantis says that's not true.

September 28, 2023 2:07pm EDT
UAW's Shawn Fain gives Detroit's Big Three new deadline before more strikes expected

UAW's Shawn Fain gives Detroit's Big Three new deadline before more strikes expected

UAW President Shawn Fain is expected to announce more striking locations on Friday if serious progress isn't made.

September 27, 2023 2:46pm EDT
Congress wants to avoid a government shutdown. But the House and Senate are moving further apart

Congress wants to avoid a government shutdown. But the House and Senate are moving further apart

The House is struggling through a long-shot effort to pass various funding bills with no real chance of finishing by Saturday’s deadline. The stakes are rising with just days remaining before a federal closure.

September 27, 2023 9:19am EDT
Congress moves into crisis mode as time runs short to prevent government shutdown

Congress moves into crisis mode as time runs short to prevent government shutdown

Congress is in crisis mode with five days to go before a government shutdown.

September 26, 2023 9:15pm EDT
Oil prices rise making gas more expensive for US drivers and aiding Russia's war

Oil prices rise making gas more expensive for US drivers and aiding Russia's war

Some analysts predict oil prices could hit $100 in the coming months, while others foresee that growth in major economies like China will keep a lid on prices.

September 25, 2023 8:39am EDT
Striking UAW members fight man outside Stellantis plant claiming he yelled racial slurs

Striking UAW members fight man outside Stellantis plant claiming he yelled racial slurs

The incident - caught on video as SkyFOX helicopter cameras were rolling - unfolded with the man stopping his SUV and getting into a verbal confrontation with a group of UAW members.

September 22, 2023 8:07pm EDT
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Investigation details released in 10-minute flight, crash killing NASCAR's Greg Biffle and 6 more

Investigation details released in 10-minute flight, crash killing NASCAR's Greg Biffle and 6 more

Luke Air Force Base lockdown lifted after reports of active shooter incident

Luke Air Force Base lockdown lifted

Trump gives fed workers off on Christmas Eve, December 26

Trump gives fed workers off on Christmas Eve, December 26

The 'Patriot Games': What we know about Trump's proposed high school athletic competition

The 'Patriot Games': What we know about Trump's proposed high school athletic competition

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Anna Kepner: Custody hearing sheds light on family tensions after teen’s cruise ship death

Anna Kepner: Custody hearing sheds light on family tensions after teen’s cruise ship death

Who is Debra Newton? Florida mom arrested for kidnapping daughter 40 years later

Who is Debra Newton? Florida mom arrested for kidnapping daughter 40 years later

ICE detainer issued for Cuba citizen suspected of stealing 4 Osteen horses; 2 horses recovered

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Who is Michelle Newton? 3-year-old missing Kentucky girl found 40 years later, reunites with dad

Who is Michelle Newton? 3-year-old missing Kentucky girl found 40 years later, reunites with dad

Missing Kentucky girl, who was abducted 40 years ago, found alive; Mom arrested in Florida, deputies say

Missing Kentucky girl, who was abducted 40 years ago, found alive; Mom arrested in Florida, deputies say

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