The Federal Reserve just raised the cost of borrowing money — bad news for borrowers, good news for savers. The Fed increased its benchmark interest rate Wednesday by a quarter-point, the first rate hike since the summer of 2023.
The Federal Reserve raised its benchmark interest rate Wednesday for the first time since 2023 in an effort to quell stubbornly-high inflation and the central bank also signaled that another rate hike could occur later this year.
Fencing has gone up around the main Kennedy Center building, a day after the Trump-aligned board voted to close most of the performing arts center for repairs. That vote came after a federal judge blocked the institution from returning President Donald Trump’s name to the building.
Charlotte City Council appears to be divided on the next step to ease congestion on 77 South, but voting against the project could cost citizens up to $69 million dollars.
President Donald Trump says he plans to remove a 10% tariff on Irish whiskey. Trump said Sunday during the trophy ceremony for the Irish Open that he'd been asked about the issue by everyone, including some of the golfers.
House Speaker Mike Johnson says Congress would have to approve President Donald Trump's proposal to send $5,000 to each American adult if the Republican Party maintains control of the House and Senate in the November election.
Apple's latest iPhones come with new features and hefty price tags. If you're planning to splurge on a new iPhone, you will want to take good care of it to make it last. Or you can save your money and hold on to your current device and make it last longer.
U.S. inflation accelerated last month as gas prices spiked in the wake of renewed fighting in the Middle East, underscoring the affordability challenges that are top of mind for many voters as midterm elections near.
The trade war between the U.S. and Canada escalated again this week as the U.S. announced import bans on most alcoholic beverages from Canada, along with other products including whey, molasses and motorcycles.
President Donald Trump, Vice President JD Vance and other Republican officials came together for a two-day convention this week to rally voters in advance of midterm elections in November. But in celebrating their accomplishments, they made several false and misleading claims, many of which have been stated repeatedly during Trump’s second term. They covered topics including the economy, immigration, healthcare and the 2020 election.
Diesel prices in the U.S. has hit yet another record, soaring past $6 a gallon on average as Washington’s war with Iran disrupts the world’s flow of fuel. The national average of nearly $6.06 is up from $5.85 last week and almost $3.71 from this time last year, according to motor club AAA. Higher diesel prices mean more expensive transportation for a long list of everyday goods.
Saudi Arabia says it shut down a major pipeline a day after it was attacked by drones, and Yemen’s Iranian-backed Houthi rebels captured a strategic island at the southern entrance to the Red Sea, two officials said, opening a new front in the Iran war.
The price of diesel is hitting record highs just as many U.S. farmers are harvesting two of the nation’s largest commodities, soybeans and corn. That means they'll need countless gallons of the fuel for combines, tractors and trucks.
Traveling Europe on a budget is absolutely possible without turning the trip into a constant exercise in saying “no.” The real challenge is knowing which choices move the cost needle the most: where you go, when you go, how often you move, and what kind of bed you book each night.
Wholesale inflation picked up last month after cooling earlier this summer as higher oil and gas prices stemming from the Iran war are keeping costs elevated.
President Donald Trump says he plans to give every American adult $5,000 if Republicans retain control of the House and Senate in the midterm elections. This promise, made at the GOP's midterm convention in Dallas, could cost over $1 trillion.
President Donald Trump says oil prices that spiked because of the Iran war likely won’t come down until after the U.S. midterm elections.
Oil prices have shot past $100 a barrel as fighting between the U.S. and Iran escalates, threatening to increase costs for consumers and businesses worldwide. Brent crude, the international standard, climbed into triple digits for the first time since July and settled at $101.21 a barrel by the end of Wednesday trading.
Apple on Wednesday unveiled its latest generation of iPhones, including a widely anticipated foldable version called Duo. The company’s new CEO, John Ternus, who took over from Tim Cook on Sept. 1, introduced the latest lineup at the Steve Jobs Theater.
Amazon is rolling out a new tool designed to help customers determine whether suspicious messages claiming to be from the company are legitimate.
The U.S. labor market bounced back in August as employers added a surprising 162,000 jobs, ending a summer of lackluster hiring with a bang.
Gas prices in the U.S. have hit a record high for Labor Day weekend, averaging $4.14 per gallon. This is nearly a dollar more than last year and surpasses the previous record of $3.82 from 2012.
“Spider-Man: Brand New Day” remained the No. 1 movie in theaters over the weekend, becoming just the second film this decade to top the box office for six straight weeks. The last release to enjoy such a long stretch leading the box office was 2022’s “Avatar: The Way of Water.”
Virtually every American has been targeted by scammers in some way, new polling data shows. Scams in the U.S. have surged to a record high, causing billions in losses for Americans, but U.S. still lags behind some other countries in tackling the problem.
Pabst Blue Ribbon wants its beer back, and it’s offering a reward to help that happen. The CEO of Pabst Brewing Co. said that the company will pay up to $20,000 to anyone who provides new information that leads to the recovery of 1,602 stolen cases of Pabst Blue Ribbon and non-alcoholic Old Milwaukee beer.
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