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THOUSAND PALMS, Calif. (KESQ) — As of September 24, 30-year fixed-rate mortgages have risen to 7.03%, marking the first time they’ve climbed above 7% this year, according to Freddie Mac. The last time they were above 7% was January 2025, but rates have been on a steady climb from their 52-week low of 5.98% in
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THOUSAND PALMS, Calif. (KESQ)- Fuel prices are climbing across Riverside County, with diesel reaching a new record and regular gas hitting its highest level since 2023. According to AAA, diesel is now averaging more than $8.32 a gallon in Riverside County. Regular gas is averaging about $6.15 a gallon. For local businesses that spend much
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PALM DESERT, CA (KESQ) – Scammers are becoming more sophisticated, using increasingly convincing tactics to target victims, and experts say artificial intelligence is making it even harder to tell what’s real and what’s a scam. The issue is especially concerning for aging and senior populations, including communities across the Coachella Valley. To help residents recognize
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Most business owners don’t spend their days thinking about their 401(k) plan, and that’s reasonable. Leaders are busy making time-sensitive decisions while trying to attract and retain talent, allocate capital, and manage competitive threats to their business. Against those demands, retirement benefits can feel secondary. But the environment surrounding workplace retirement plans has changed
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PALM DESERT, CALIF. (KESQ)- A new LendingTree survey found 30% of Americans say they’ve shoplifted, up from 23% in 2024. Among those who admitted to shoplifting, 90% said inflation or financial hardship played a role, with many saying they stole necessities like food and personal hygiene products rather than luxury items. Indio police say that
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COACHELLA VALLEY, Calif. (KESQ) – As the cost of living continues to rise, more Coachella Valley residents are turning to side hustles to bring in extra income. From gig work to temporary jobs and small businesses, we explore why more people are taking on additional work and how these extra income streams are changing the
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PALM DESERT. Calif. (KESQ)- Gas prices climb as Palm Springs enters a busy summer travel season. For about a month, gas prices had been steadily dropping. Now, they’ve gone up by 3 cents in one day, the first jump since May. Gas prices are on the rise again, as millions of people hit the road for
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PALM SPRINGS, Calif. (KESQ) – The popular “Love Local Palm Springs” gift card program is back, giving residents and visitors more buying power while supporting more than 130 local businesses. As we reported, the extreme heat has been a challenge for local businesses since there are fewer shoppers. Beginning next Monday, residents can purchase digital
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COACHELLA VALLEY, Calif. (KESQ) – California drivers will see slightly higher prices at the pump starting July 1, thanks to a statewide gas tax increase of 2.2 cents per gallon. The annual increase will bring the state’s gas tax to 63.4 cents, the highest in the nation. It comes as drivers hit the road for
Continue Reading RIVERSIDE (CNS) – The average price of a gallon of self-serve regular gasoline in Riverside County dropped today for the 32nd time in 33 days, falling four-tenths of a cent to $5.401, its lowest amount since March 13. The average price has dropped 66.4 cents over the past 33 days, including 1 cent Sunday, according
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PALM SPRINGS, Calif. (KESQ) – The median price for a home in Palm Springs has dropped 12.5% to 1.1 million compared to last year, according to the March report from the Greater Palm Springs Realtors Desert housing report. However, even with a 12.5% decrease, some looking to purchase their first home in Palm Springs say it’s still
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By Hanna Ziady, Olesya Dmitracova, John Towfighi, CNN London (CNN) — Oil and natural gas prices were volatile Thursday after Iran ramped up strikes on energy infrastructure across the Middle East and attacked one of the world’s most important liquefied natural gas facilities in Qatar. Brent crude, the global oil benchmark, rose 1.18% to settle
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RIVERSIDE, Calif. (KESQ) – The average price of a gallon of self-serve regular gasoline in Riverside County rose today to its highest amount since Oct. 25, 2023, increasing 6.2 cents to $5.354. The average price has risen 43 of the past 44 days, increasing $1.213, including 3.5 cents on Thursday, according to figures from the
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By John Towfighi, CNN New York (CNN) — Stocks sank, volatility picked up and oil prices surged to their highest level since mid-2024 as concerns about a prolonged war with Iran continue to roil markets. The Dow closed lower by 785 points, or 1.61%, recouping some losses in the afternoon after briefly falling more than
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Gasoline prices have risen to the highest level in eleven months, with California drivers paying significantly more than the national average, while Chevron has raised concerns about proposed changes to California’s cap-and-invest climate program.
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Routific investigated gas price changes in California during the last year using data from AAA.
Continue ReadingBy Nayeli Jaramillo-Plata, CNN (CNN) — Americans are nervous about their investment portfolios, and it’s easy to see why, given escalating trade tensions and gloomy economic forecasts. The probability of a US recession within the next 12 months has jumped to 45% from 25% last month — the highest since December 2023, a recent Reuters
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Drivers fueling up their vehicles at a Coachella Valley gas station were surprised Monday morning when local bankers covered their entire bills. The request in return? To “give it forward” by donating to a local nonprofit for Coachella Valley Giving Day. “With the rising cost of fuel, we understand the financial challenges facing families,” said
Continue ReadingBy Nicole Goodkind, CNN Business If market swings tell us anything, it’s that investors are rattled by economic uncertainty. The outlook remains cloudy with the possibility of recession on the horizon. Big bank earnings, coming Friday, could help clear some of that fog. Wall Street will be looking for clues about what’s to come as
Continue ReadingBy Hanna Ziady, CNN Business Western governments are furious after OPEC+ decided last week to slash oil production by the largest amount since the start of the pandemic. They have good reason to be upset: The cartel’s actions may tip the global economy over the edge, the International Energy Agency has warned. “With unrelenting inflationary
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