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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SpaceX on Wednesday submitted documents to move forward with its highly anticipated initial public offering (IPO), as the revolutionary company that’s pursuing the eventual colonization of Mars and deploying space-based AI data centers. The company, led by CEO Elon Musk, has grown into the world’s largest space business and is…
Federal Reserve policymakers were concerned about high energy prices contributing to inflationary pressures in the economy when they held interest rates steady last month, the minutes from the meeting show. The Federal Open Market Committee (FOMC), the Fed panel responsible for monetary policy decisions, released the minutes of policymakers’ April…
The federal government is projected to run a budget deficit of at least $2 trillion this fiscal year, according to an estimate by the Treasury Department and bond market participants. Earlier this month, the Treasury released its quarterly refunding documents for the second quarter of the calendar year, which included…
Despite triumphant headlines from Wall Street, one prominent economic forecaster is sounding the alarm that the U.S. economy is sitting on a razor’s edge. In a recent interview with TheStreet, Moody’s Analytics chief economist Mark Zandi placed the probability of a U.S. recession within the next year at 40%, compared…
For 25 years, Mike Georgopoulos — better known to his friends as “Mikey G” — has built a legacy in San Diego, opening 30 restaurants in the last decade alone. But today, the veteran entrepreneur says the California dream is being choked by a math problem that no longer adds…
New York Gov. Kathy Hochul announced Monday that the Long Island Rail Road (LIRR) strike is set to end after the Metropolitan Transportation Authority (MTA) and union leaders reached an agreement. In a post on X, Hochul said phased LIRR service is expected to resume Tuesday at noon, easing travel…
Young Americans are working to save money for their future goals and retirement despite housing costs straining their budgets, a new report finds. Bank of America on Tuesday released its latest Better Money Habits study of how adult members of Gen Z are handling their finances in adulthood. It found…
Americans looking to retire this year may be considering relocating to a new city that allows their retirement savings to go further, and a new analysis by GOBankingRates spotlights five cities to consider. The amount an individual or couple needs to have saved to retire can vary significantly across different…
Thousands of Long Island Rail Road workers are officially on strike as of midnight Saturday, effectively shutting down the nation’s busiest commuter railroad in its first strike in more than three decades and threatening major economic disruption across the New York region ahead of Memorial Day travel. The strike halted…
Amazon is facing a new class action lawsuit accusing the company of failing to refund tariff-related costs it passed on to consumers through higher prices in order to appease the Trump administration. Consumers allege in a proposed lawsuit filed in Seattle that the tech giant collected hundreds of millions of…
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