Financial related news.
WASHINGTON — Inflation, a no-show for decades, is suddenly breaking out all over, it seems. And concerns are growing. Consumer prices in April jumped by the largest amount in more than a decade, with surging costs for food, used cars, airline tickets and furniture, among other goods and services. The price increases have sparked fears [...]
What's your relationship with money? Maybe your personal finances are like a distant cousin you barely think about — or an unsettling stranger you avoid. Or perhaps money feels like your enemy, frustrating you and rarely doing what you want. In fact, 31 percent of Americans said they feel anxious when thinking about the current [...]
WASHINGTON (AP) — Far more Americans are receiving unemployment benefits than the last time the jobless rate was at the current 6.1 percent, thanks to a major expansion of the federal safety net that has provided aid to millions of people out of work. Yet many businesses and Republican officials say all that jobless aid [...]
The possibility of federal student loan forgiveness grabs all the headlines. But experts say no single policy — not even wiping the slate clean for millions of borrowers — solves the root causes of the nation's $1.74 trillion student loan debt crisis. That debt has been fueled by decades of wages not keeping up with [...]
NEW YORK — The central question gripping Wall Street is whether the burst of inflation hitting the economy as it recovers from the pandemic is just temporary or the start of a real problem. The answer threatens to crack the stock market's incredible, record-setting run that began in March 2020. Adding to the fog of [...]
WASHINGTON — Republicans say they won't raise taxes on corporations. Democrats say they won't raise taxes on people making less than $400,000 a year. So who is going to pay for the big public works boost that lawmakers and President Joe Biden say is necessary for the country? Enter the IRS. Biden is proposing that [...]
Starting in July, most families with kids will start getting monthly payments of up to $300 per child as part of the American Rescue Plan's expansion of the child tax credit. The payments are scheduled to end in December, and it's unclear whether they will be extended. But even six months of payments could make [...]
STOWE, Vt. (AP) — Eduardo Rovetto is hoping the state of Vermont's reinstated requirement that people who are collecting unemployment benefits must seek work to qualify will help him hire enough staff for his restaurant in the resort town of Stowe. After more than a year of coronavirus restrictions on his business, Piecasso Pizzeria & [...]
The credit card you pluck out of your wallet can make as much of a statement as the purse or pants you keep your wallet in. With cards touting sleek metal designs, luxury perks and loyalty program status upgrades, simply carrying a flashy card can make you look like the kind of person who has [...]
NEW YORK (AP) — Sotero Cirilo sleeps in a small blue tent under a train track bridge in Elmhurst in the Queens borough of New York. The 55-year-old immigrant from Mexico used to make $800 per week at two Manhattan restaurants, which closed when the COVID-19 pandemic started. A few months later, he couldn't afford [...]