Fed raises key interest rate by half a point, signals more to come
The latest move will further heighten the costs of many consumer and business loans and increases the risk of a recession.
Americans say holiday gifts harder to afford
More than half of U.S. adults say it’s harder to afford the holiday gifts they want to give this year.
US alleges Bankman-Fried defrauded FTX cryptocurrency customers, investors
Samuel Bankman-Fried, 30, was arrested Monday in the Bahamas at the request of the U.S. government, which charged him with eight criminal violations.
US inflation slowed to 7.1% over past 12 months
This is the fifth straight month with a slowdown.
GoFundMe reveals most generous states, cities in 2022
Do you live in a generous state or city? Here’s what GoFundMe says.
These US states are raising minimum wage in 2023, with 4 above $15
More than 20 states are raising their minimum wage next year, some adjusting for inflation and others to build their way up to the called-for $15 an hour.
Still missing your tax refund? The IRS will soon pay you 7% interest
Taxpayers still waiting to receive their 2021 tax refund will soon be paid 7% interest on the money by the IRS – but the money is taxable.
More Americans getting a second job as high inflation rages
High inflation is pushing more Americans to take on a side hustle.
Rail workers say deal to avoid strike won't resolve quality-of-life concerns
Workers and their unions say the deal doesn't do enough to address their quality-of-life concerns and doesn't add any sick days.
IRS warns Americans about $600 threshold to report Venmo, Cash App payments
Venmo and PayPal are required to report business transactions above $600 to the IRS.
Senate moves to avert rail strike; bill heads to Biden's desk for signature
Shortly before Thursday's votes, Biden defended the contract that four of the rail unions had rejected.
DoorDash to cut 1,250 corporate jobs after COVID-19 pandemic hiring surge
Delivery company DoorDash is eliminating more than 1,200 corporate jobs, about 6% of its total workforce, saying it hired too many people when demand for its services increased during the COVID-19 pandemic.
House passes bill to avert railroad strike, impose deal on unions
If an agreement wasn't reached before a Dec. 9 deadline, the unions threatened to strike -- which would have devastating effects on the U.S. economy.
Inflation relief checks going to residents in these states. See if you qualify
With inflation running near the highest level in 40 years, Republican and Democratic leaders in some states are offering stimulus payments to residents.
Biden asks Congress to block potential railroad strike
President Joe Biden is calling on Congress to pass legislation to intervene and block a railroad strike before next month’s deadline in the stalled contract talks.
Black Friday taking a back seat to Small Business Saturday this year
Inflation is shifting consumers' and retailers' behavior.
Cryptocurrency exchange FTX owes over $3B to creditors
Bahamas-based FTX filed for bankruptcy on Nov. 11 after the exchange acknowledged that it had used customer funds to cover bad bets by Bankman-Fried's trading arm, Alameda Research.
Student loan forgiveness: What to know if you've applied for relief
President Joe Biden’s plan to provide up to $20,000 in federal student loan forgiveness has been blocked by two federal courts. So what happens now?
Texas mother shares secrets to making $5 dinners every night
As inflation has driven up food prices by 10% this year, Erin Chase, author of 5 Dollar Dinners shares her secrets to saving on groceries.
After FTX bankruptcy, Binance proposing fund to save crypto from future failures
The proposal is an effort to stave off the cascading effects of last week's implosion of FTX, the world's third-largest crypto exchange.