US Economy

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Potential home buyers exit a home for sale in the Castro district of San Francisco, California.

The U.S. homeownership rate fell to 63.4 percent in the second quarter of 2015, according to the U.S. Census. That is down from 63.7 percent in the first quarter and from 64.7 percent in the same quarter of 2014. It marks the lowest homeownership rate since 1967. Homeownership peaked at 69.2 percent at the end …

Kate Rogers | CNBC
Tatiana Birgisson, founder of Mati Energy.

Launching a beverage start-up in a saturated market, dominated by the Red Bulls and Monster Energy drinks of the world, isn’t for the faint of heart. But Tatiana Birgisson never set out to take on the beverage giants. She did so quite by accident, when the now 25-year-old developed her brand—Mati Energy, a healthy caffeinated …

Is China impacting the Fed?

Tyler Mathisen explains what China’s slowdown and extreme market volatility could mean for the Federal Reserve.

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From the half-million acres of parched and idle farmland to the swaths of receding reservoirs, the signs of California’s historic drought are obvious. Less obvious is just how historic the ongoing drought actually is when compared with previous dry spells in the Golden State’s history. A CNBC analysis of annual Palmer Drought Severity Index recordings, …

Yellen defends Fed

As Janet Yellen testified on Capitol Hill, lawmakers took the opportunity to turn up the heat.

California gas prices spike

Gas prices in California are spiking, despite the overall downward trend.

Fires in drought-stricken California

The drought-stricken state of California is seeing a 50 percent jump in the number of fires this year.

American economic optimism dips

The U.S. economy may be more resilient, but according to a new survey, not everyone is optimistic.

Saul Loeb | AFP | Getty Images
IMF Managing Director Christine Lagarde

The International Monetary Fund said Thursday it has trimmed down its expected global growth for 2015 to 3.3 percent, citing weaker-than-expected economic activity in North America during the first quarter. (Tweet This) In April, the organization said its global growth projection for this year was at 3.5 percent. Other factors contributing to the IMF’s downward …

Greece & China on Fed’s radar

Federal Reserve policy makers expressed concern about Greece and China and their possible effects on the U.S. economy.

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The American flag hangs outside the New York Stock Exchange

The U.S. government needs to implement greater financial reforms under the Dodd-Frank Act in order to address new risks, the International Monetary Fund said Tuesday. (Tweet This) “Regulatory reforms remain incomplete and the structure of oversight has scope to be strengthened along a number of dimensions,” the IMF said. “The regulatory landscape remains fragmented resulting in …

Raymond Boyd | Getty Images
The Illinois State Capitol

Illinois faced spending freezes after lawmakers failed to approve a budget. Five other states also missed the July 1 deadline.

The sharing economy creates jobs

An increasing number of Americans are supplementing their incomes by freelancing.

Love Life | Getty Images

Happy birthday, America! Nothing says red, white and blue like green. And with the Fourth of July landing on a Saturday this year, Americans will be spending plenty of money. THE BBQ The American Farm Bureau says the average Fourth of July BBQ will cost $5.58 a person, down 3 percent. That includes a hot …

Source: CNBC

After six months of looking for a full-time job, 49-year-old Emily Cherin found plenty of part-time work through TaskRabbit, an odd-jobs job site. “Oh my God, it saved me,” said the energetic New Jersey native. “My world just sort of exploded.” Cherin is one of an increasing number of Americans who is freelancing. A 2010 …