MoneyWatch

Sky-high housing prices are hitting new heights even as property sales slow, showing how hard it is for most people to buy a home in this economy. The median sale price for a previously occupied home rose to $407,600 in May, the National Association of Realtors said on Tuesday. That’s …

Hiring remained strong in May, with employers adding 390,000 jobs despite high inflation and worries about an economic slowdown. Last month’s hiring exceeded economists’ predictions that employers would add 325,000 jobs in May.  The unemployment rate stayed steady at 3.6%, on par with the last two months and the lowest …

The head of the Food and Drug Administration faced bipartisan fury from House lawmakers Wednesday over months of delays investigating problems at the nation’s largest baby formula plant that prompted an ongoing shortage. FDA Commissioner Robert Califf described a series of setbacks in congressional testimony that slowed his agency’s response, …

Some homeowners are getting an unwelcome surprise in their mailboxes: New property assessments from their local tax offices that put a far higher value on their homes than prior to the pandemic. In some cases, that means an increase in their property taxes at a time when other costs, like food and …

Tesla CEO Elon Musk is putting pressure on Twitter, saying his deal to buy the company can’t move forward unless it shows public proof that less than 5% of the accounts on the social media platform are fake or spam. In a series of tweets on Tuesday, Musk elicited user …

Women who are denied abortions are more likely to suffer from financial problems and rely on government aid programs like food stamps and welfare, according to a study that tracked about 1,000 women who sought abortions over a span of several years. The new research comes as abortion care could …

Fashion designer Michelle Smith and SoulCycle instructor Stacey Griffith are teaming up with Walmart on an activewear and swim line, the retailing giant announced on Friday.  The Love & Sports brand is available on the company’s ecommerce site and is starting to roll out to 1,500 Walmart stores, the company …

As millions of Americans scramble to file their taxes at the last minute, Senator Elizabeth Warren is asking why it isn’t easier to do so for free. The Democrat from Massachusetts on Monday wrote to the CEO of Intuit, maker of America’s most widely used tax software, accusing the company …

Amy’s Kitchen built its brand as a purveyor of organic, wholesome prepared foods by preaching “goodness.” Now the company is coming under fire after workers at one of its plants accused the company of mistreatment, including inadequate breaks, a lack of drinking water and managers stopping people from using the …

Interns at some of the world’s largest technology and financial companies can earn more than $100,000 a year, according to a Glassdoor study released this week.  The career research firm ranked the top 25 companies according to where interns earn the most, using wage data that they self-reported between February …