Financial related news.
Age brings unique opportunities and obligations, including some important year-end tasks that can help you make the most of your money. For people 50 and older, here are some to consider: PLAY CATCH-UP, IF YOU CAN If you're still employed, use a retirement calculator to see if you should boost your savings rate. Catch-up contributions [...]
WASHINGTON (AP) — Consumer prices rose 5.7 percent over the past year, the fastest pace in 39 years, as a surge in inflation confronts Americans with the holiday shopping season under way. The November increase, reported Thursday by the Commerce Department, followed a 5.1 percent rise for the 12 months ending in October, continuing a [...]
Employees at a fast-food restaurant in Sacramento, Calif., exasperated over working in stifling heat for low wages, demanded more pay and a new air conditioner — and got both. Customer orders poured in to an Italian auto supplier, which struggled to get hold of enough supplies of everything from plastic to microchips to meet the [...]
NEW YORK — The banking industry appears to have overdone it on overdraft fees. After decades of raking in billions of dollars from mostly poor Americans short of cash in their accounts, the biggest banks — under pressure from lawmakers and regulators — are slowly decreasing their reliance on the widely unpopular practice. A number [...]
NEW YORK (AP) — Inflation is high, but this hopefully is close to as bad as it gets. Consumer prices rose 6.8 percent for the 12 months ending in November, a 39-year high. Many economists expect inflation to remain near this level a few more months but to then moderate through 2022 for a variety [...]
Inside the bustling New York Common Pantry, people hustle to assemble bags of carrots, apples, potatoes and other items. Outside the food pantry, others haul deliveries or hand out produce to people lined around the block of the Manhattan-based charity. Randi Goldstein, 43, was one of the volunteers that day, there with her co-workers from [...]
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell took a sharp and unexpected turn Tuesday toward tightening credit for consumers and businesses in the face of mounting concerns about high inflation. Powell signaled that the Fed will likely act more quickly to phase out its ultra-low-interest rate policies even as the emergence of the new [...]
WASHINGTON — Federal Reserve Chair Jerome Powell says that the appearance of a new COVID-19 variant could slow the economy and hiring, while also raising uncertainty about inflation. The recent increase in delta cases and the emergence of the omicron variant "pose downside risks to employment and economic activity and increased uncertainty for inflation," Powell [...]
BUDAPEST, Hungary — From appliance stores in the United States to food markets in Hungary and gas stations in Poland, rising consumer prices fueled by high energy costs and supply chain disruptions are putting a pinch on households and businesses worldwide. Rising inflation is leading to price increases for food, gas and other products and [...]
WASHINGTON (AP) — Consumer spending rebounded by a solid 1.3 percent in October despite inflation that over the past year has accelerated faster than it has at any point in more than three decades. The jump in consumer spending last month was double the 0.6 percent gain in September, the Commerce Department reported Wednesday. At [...]