The Federal Reserve raised its key federal funds rate 10 times since March 2022 — something it hasn’t done as aggressively since the 1980s. The central bank hopes that by…
Editor’s Pick
As inflation continues to slow, shoppers are finally getting some relief at the grocery store. Rising food prices have been among the biggest drivers of inflation since 2020, with a…
For much of the post-pandemic period, U.S. consumers have experienced rapid price increases that touched nearly every aspect of the economy, from food and gas to hotels, airfares and cars.…
Bank of America to pay more than $100 million for doubling fees, opening accounts without customer consent
Bank of America must pay more than $100 million to customers for doubling up on some fees, withholding reward bonuses and opening accounts without customer consent. Bank of America will…
Microsoft to lay off more employees months after letting 10,000 workers go
Microsoft confirmed Monday that it’s eliminating additional jobs, a week after the start of its 2024 fiscal year. The cuts are in addition to the downsizing announced in January that resulted…
Employment growth eased in June, taking some steam out of what had been a stunningly strong labor market. Nonfarm payrolls increased 209,000 in June and the unemployment rate was 3.6%,…
Whether you’re contemplating buying or selling a house these days, it’s likely you’re a baby boomer — or are financially supported by one. At $436,800, the median home sale price…
Mortgage rates last week hit their highest level since the end of May, which in turn weighed on mortgage demand. Total mortgage application volume dropped 4.4% last week compared with…
With a little more than three weeks until UPS workers’ threatened strike date arrives, businesses that rely on the nation’s largest package carrier have been considering their plan Bs. Teamsters…
People with disabilities have been among the greatest beneficiaries of the strong post-pandemic rebound in the labor market. And on Friday, the Bureau of Labor Statistics added another data point…