Consumer prices fell 0.1% in March, according to the Consumer Price Index (CPI) released by the Bureau of Labor Statistics (BLS). This is the first monthly drop since July 2022. Annual inflation increased 2.4% compared to a 2.8% increase registered in February. Core inflation, which excludes volatile energy and food…
The Federal Reserve is keeping rates steady at its targeted range of 4% to 4.25% and is waiting to see how President Donald Trump’s administration’s tariffs will impact the economy. For now, Federal Reserve Chair Jerome Powell said that the central bank is in the right place to monitor the…
Americans have trillions of dollars of wealth locked up in their homes, and passing it on at death can get messy quickly. The typical way of outlining who should get the house in a will can cause delays after death—so much so that most states have set up a new…
President Donald Trump’s “big, beautiful bill” cleared the House and is making its way through the Senate. Still, critics point out the bill, which is over 1,000 pages, will add trillions to what is already ballooning government debt hovering at $36 trillion and deficits. However, U.S. Treasury Secretary Scott Bessent…
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For decades, Americans were given the same advice about money: Find a good financial adviser. Trust the person, not just…
A strong credit score can be the key to major financial purchases and affordable loans, but some states saw notable…
As more Americans take a hands-on approach to their finances, many are weighing whether to invest in exchange-traded funds (ETFs)…
You have 60 days from your credit card statement date to dispute a charge. After that, the protection disappears. If…
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Mortgage rates ticked slightly higher this week, but were little changed, mortgage buyer Freddie Mac said on Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage rose to 6.49% from last week’s reading of…
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BP abruptly removed Chairman Albert Manifold on Tuesday, citing “serious concerns” tied to governance, oversight and conduct issues, sending shares lower and deepening uncertainty at the oil giant. The company said Manifold, who had served as chairman for just eight months, was removed effective immediately after the board unanimously concluded…
The housing market remains hot in much of the country, with rising prices creating affordability concerns for would-be buyers – though some markets are seeing sizable amounts of price cuts over the last month. Data from Realtor.com found that nationally, the share of active listings that carry a price reduction…
Guzman y Gomez Mexican Kitchen, an Australian-born Chipotle rival that once planned to open hundreds of U.S. locations, has abruptly closed all of its American restaurants after six years in the Chicago area. “All GYG USA restaurants permanently closed,” a message on the company’s U.S. website says. “Effective from May…
Americans who are planning to grill this Memorial Day weekend are likely to see prices notably higher for a number of barbecue staples as persistent inflation squeezes household budgets. The Bureau of Labor Statistics’ most recent consumer price index (CPI) inflation data from April showed that prices have risen significantly…
Kevin Warsh was sworn in as the new chair of the Federal Reserve by President Donald Trump in a ceremony at the White House on Friday. The 56-year-old Warsh previously served at the Fed as a member of its Board of Governors from 2006 to 2011, and became the youngest-ever…
VANCOUVER – As the AI revolution continues to rapidly expand throughout the corporate world, many employees are facing “automation anxiety” that their job may be replaced by technology. Speaking on Centre Stage at Web Summit Vancouver, Kyle Hanslovan said, “I think many will be pressured in the next five years,…
Mortgage rates jumped this week, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage climbed to 6.51% from last week’s reading of 6.36%. The average rate on a 30-year loan was 6.86% a year ago.…
Three major hospital systems on Monday filed lawsuits accusing CVS Health and its subsidiaries of running a secret scheme that allegedly siphoned hundreds of millions of dollars away from hospitals serving vulnerable and uninsured patients. The lawsuits – filed by Mount Sinai in New York, University of Michigan Health and…
Voters in Philadelphia passed a ballot measure on Tuesday that will create the country’s first city-run savings program for workers whose jobs don’t offer retirement benefits. The measure will create a new program called PhillySaves that allows private sector workers whose employers don’t sponsor retirement plans like a 401(k) to…
Stellantis on Thursday announced a $70 billion turnaround strategy that aims to refocus the automaker on core brands, partnerships and more efficient use of factory capacity. The investment is over five years and includes the production of 60 new models by 2030, including a mix of internal combustion engine, hybrid…
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