News
Iran attacks threaten US economy with more uncertainty around inflation
2+ hour, 14+ min ago (821+ words) The U.S. and Israeli attacks on Iran add yet more question marks around a U.S. economy already buffeted by on-and-off tariffs, weak hiring, and lingering inflationary pressures. The war has already raised oil prices and could lift prices at the pump as…...
This is how much your groceries went up in January
2+ week, 3+ day ago (261+ words) Food prices rose 2.9 percent at the start of the year, according to the Bureau of Labor Statistics. Check our grocery calculator to see how prices on your list rose or fell. The latest Bureau of Labor Statistics (BLS) report shows…...
Federal Reserve holds interest rates steady amid political scrutiny
1+ mon, 5+ day ago (343+ words) The Federal Reserve kept rates unchanged amid political pressure and criticism from Trump. The Federal Reserve has decided to keep interest rates unchanged, maintaining current borrowing costs for Americans despite sustained political pressure on the central bank. Federal Reserve Chairman…...
President Trump calls for new cap on credit card interest rates
1+ mon, 3+ week ago (328+ words) It wasn't immediately clear how the president plans to enforce the policy, which he said would take effect later this month. President Donald Trump is calling for a cap on credit card interest rates starting later this month, but it…...
Will tariffs increase prices for holiday shoppers? Here's what we know so far
3+ mon, 2+ day ago (575+ words) Tariffs could push up prices for holiday shoppers this year, but experts say the impact may be smaller than many predicted. A new LendingTree analysis estimates added costs for the average American. It finds, if the current tariff levels had…...
Federal Reserve cuts key rate as government shutdown clouds economic outlook
4+ mon, 4+ day ago (800+ words) The Federal Reserve cut its key interest rate Wednesday for a second time this year as it seeks to shore up economic growth and hiring even as inflation stays elevated. "Job gains have slowed this year, and the unemployment rate…...
Trump administration narrows list of potential Federal Reserve chairs to 5
4+ mon, 6+ day ago (775+ words) Treasury Secretary Scott Bessent on Monday confirmed the names of five candidates to replace Jerome Powell as chair of the powerful Federal Reserve next year. On an Air Force One flight to Asia with President Donald Trump, Bessent said he…...
Federal Reserve Bank of Chicago president 'a little uneasy' with big interest rate cuts
4+ mon, 3+ week ago (511+ words) 'UPFRONT' recap: Austan Goolsbee discusses next interest rate meeting, tariffs and pressure from President Trump Federal Reserve Bank of Chicago President Austan Goolsbee says he's "a little uneasy" with big interest rate cuts at the moment, ahead of his vote…...
Warren Buffett's Berkshire Hathaway to pay $9.7 billion for Occidental Petroleum's OxyChem
5+ mon, 15+ hour ago (305+ words) Warren Buffett announced his biggest deal in years Thursday with Berkshire Hathaway's $9.7 billion acquisition of Occidental Petroleum's chemical division. The deal for OxyChem could be Buffett's last big deal before he hands over the CEO title to Vice Chairman Greg…...
Rossen Reports: Should you refinance your mortgage now?
5+ mon, 22+ hour ago (159+ words) With mortgage rates dropping, Jeff Rossen explains when refinancing makes financial sense and when it does not. Mortgage rates have dropped, but refinancing is not always the right move. The first rule is to check if your current rate is…...