News
Trump’s 10% credit card interest rate cap meets resistance from big banks
2+ hour, 3+ min ago (254+ words) Earlier this month, President Donald Trump called on the credit card industry to cap interest rates at 10% and gave companies until Jan. 20 to comply. A recent Vanderbilt University study found Trump's proposal could save Americans $100 billion in one year. RELATED…...
Capping credit card interest rates: These are the pros and cons
4+ day, 18+ hour ago (237+ words) WEST PALM BEACH, Fla. " A recent suggestion by President Donald Trump directed at credit card companies to reduce interest rates to 10% by Jan. 10 has come and gone without rates moving. According to Bankrate, the average rate currently is 19.62%. WATCH BELOW:…...
Social Security checks rise 2.8%, but many retirees say it's not enough
2+ week, 6+ day ago (508+ words) Starting this month, millions of Social Security recipients will receive larger checks with a 2.8% cost-of-living adjustment. However, many say the increase isn't enough to keep up with rising prices, particularly healthcare costs. For retired workers, monthly Social Security checks will…...
Could AI be influencing grocery prices?
1+ mon, 2+ week ago (485+ words) WEST PALM BEACH, Fla. " Artificial intelligence could be shaping the prices you pay for groceries, according to a new study that reveals significant price variations for identical items on grocery delivery platforms. WPTV has tracked rising costs throughout the year…...
Fed cuts interest rate for third time this year, signals only one cut in 2026
1+ mon, 2+ week ago (369+ words) The Federal Reserve cut its benchmark interest rate Wednesday for the third time this year, lowering it by a quarter point and signaling it expects just one reduction in 2026 and likely another in 2027. Wednesday's move suggests most Fed policymakers believe…...
Consumer confidence in the economy is still shaky, says a collection of new reports this week
2+ mon, 8+ hour ago (314+ words) Economic reports released this week show a big gap between the performance of the economy and how everyday people feel about it. September's retail sales numbers were delayed from government shutdown. They showed sales climbed 0.2%, which is the fourth straight…...
Consumer confidence slides as Americans grow wary of high costs and sluggish job gains
2+ mon, 21+ hour ago (391+ words) WASHINGTON " U.S. consumers were much less confident in the economy in November in the aftermath of the government shutdown, weak hiring and stubborn inflation. The Conference Board said Tuesday that its consumer confidence index dropped to 88.7 in November from an upwardly…...
Growing number of six-figure earners say the American Dream feels out of reach
2+ mon, 1+ week ago (204+ words) It appears even some of America's higher earners are feeling the economic squeeze. According to the Income Paradox Survey conducted by The Harris Poll, nearly 1 in 3 people earning at least $100,000 a year say they are financially "stretched," "struggling," or "drowning....
Economy expected to dampen holiday spirit for most Americans this year
2+ mon, 1+ week ago (90+ words) Nearly two-thirds of Americans say the economy will make the holidays less enjoyable this year, according to a new survey that reveals widespread financial anxiety heading into the shopping season. A new holiday shopping survey shows the economy is going…...
Holiday shopping deals are already here, but tariffs may cost you more
2+ mon, 2+ week ago (535+ words) PALM BEACH COUNTY, Fla. " It's beginning to look a lot like the holiday season. This year comes with a lot of added expenses as many of you have reached out to WPTV worried that money has been tight. We are…...