Government regulations add nearly $132K to cost of new home, builders say

Government regulations now add roughly $132,000 to the cost of a typical newly built home, according to a new study from the National Association of Home Builders (NAHB), as industry leaders warn that mounting costs are worsening the nation's housing affordability challenges.

Concord's Cocina Híjole María bringing World Cup energy
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It’s Mexico vs. South Korea on the world stage tonight, but in Concord, the energy is just as personal at Cocina Híjole María, located on1819 Colfax Street. The family-run spot known for its watch parties and deep community ties. Owner, Francisco Laredo, his sister, Anayeli and mother and head chef, Ana Maria Arellano, talk family, tradition, and food.

Gas prices finally dip for the first time since March
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For the first time in months, drivers are seeing some welcome relief at the pump. The national average price for gasoline has slipped below four dollars a gallon. Patrick De Haan, head of petroleum analysis, at GasBuddy, gives insight.

New ranking shows America's best and worst run cities

Which U.S. cities get the most value from taxpayer dollars? A new study is ranking the nation’s best-run cities.

Pizza Hut sold by Yum Brands for $2.7 billion

Pizza Hut, whose famous red roofs dotted cities across the country before changes in the restaurant industry cut into its popularity, was sold for $2.7 billion.

Americans expected to pay more to cool homes this summer, new research finds

Staying cool this summer is about to become an expensive necessity for Americans with residential cooling expenses soaring for the average family to use their air conditioning units, according to a new report.

Sleep Number plans $415 million bankruptcy sale

Sleep Number filed for bankruptcy last week and intends to sell its assets under a massive buyout from a Canadian bedding business.

Gas prices won’t drop anytime soon despite Strait of Hormuz reopening, EIA says

Ships will soon be sailing through the Strait of Hormuz again, and drivers across the country are all wondering when gas prices may return to where they were before the conflict with Iran began. 

Cattle herd ‘fix’ is taking years longer than predicted, CEO warns amid historic beef shortage

America’s historic beef shortage may not ease anytime soon as the U.S. cattle herd remains at its lowest level in more than seven decades, keeping pressure on prices even as consumers continue to buy beef at elevated levels.

Solar energy passes coal power on list of largest U.S. electricity sources for first time

The United States hit a clean energy milestone last month as the amount of electricity generated through solar power topped what was made by coal for the first time ever. 

Rise in gas prices from Iran war could have helped inflation hit a 3-year high

U.S. inflation surged to a three-year high in part because of skyrocketing gas prices as consumer prices exceeded 4% in May’s overall inflationary spike.

This gas buying trend indicates financial stress, top industry executives say

Industry executives said that while spending among U.S. consumers hasn't stopped, many people are changing their habits, particularly at the gas pump. More Americans are choosing to top up their gas, instead of filling it, as well as visit the gas station more frequently over fears of increased prices.

Screwworms in Texas: What an infestation means for livestock, beef supply and the economy

The return of the flesh-eating screwworm fly in Texas has ranchers and government agencies scrambling to contain what could threaten a $113 billion cattle industry in the U.S.

172,000 jobs added in May as US job market remains resilient despite Iran war

Employers in the United States added 172,000 jobs in May, almost doubling the number forecasters predicted. However, the unemployment rate remains low at 4.3%. 

USDA confirms first US case of flesh-eating screwworm in Texas, triggering quarantines

Federal agricultural officials on Wednesday confirmed the first U.S. case of the destructive New World screwworm in a Texas calf, triggering emergency quarantine measures and sparking a sharp political clash over the adequacy of the government's response.

Top CEOs brace for downturn, warn US economy will worsen in next 6 months

CEO confidence plummeted in just one quarter, as corporate leaders report worsening economic conditions and a shrinking hiring plan, according to a recent survey.

Social Security fears: Researchers predict benefit drops by state if trust fund runs dry

Tens of millions of Americans will soon face significantly smaller Social Security payments if the U.S. government does not take steps to protect the program, and new research estimates just how much smaller those monthly checks could be.