Money
Sticker Shock: March Inflation Likely Set New 40-Year High
With ever-rising costs for food, gasoline, housing and other necessities squeezing consumers, inflation in the United States likely set yet another four-decade high in March.
S&P Downgrade Indicates Russia Headed for Historic Default
The credit ratings agency Standard & Poor's has downgraded its assessment of Russia's ability to repay foreign debt, signaling rising prospects that Moscow will soon default on external loans.
Yellen Calls for Crypto Regulation to Reduce Risks, Fraud
Treasury Secretary Janet Yellen says more government regulation is needed to police the proliferation of cryptocurrency and other digital assets and to ward off fraudulent and illicit transactions.
Fed Signals More Aggressive Steps to Fight Inflation
Federal Reserve officials are signaling that they will take an aggressive approach to fighting high inflation in the coming months — actions that will make borrowing sharply more expensive.
Forget the Fed, Pay off Your Credit Card Debt
The cost of everything keeps creeping up. And if you happen to have credit card debt, that's about to get a bit more expensive too, thanks to a series of interest rate increases beginning this month.
Mississippi Could Become Final State with Equal Pay Law
Mississippi could become the final state to enact a law requiring equal pay for equal work by women and men, after the Republican-controlled state House and Senate passed the final version of a bill.
Liz Weston: 3 Tasks for New Retirees that will Pay Off Later
You might be looking forward to a lot more unstructured time once you retire. But taking care of one more to-do list early on can set you up for a better retirement.
Pandemic Relief Money Spent on Hotel, Ballpark, Ski Slopes
Many of the projects identified by the AP echo pork-barrel spending disasters such as Alaska's $398 million "Bridge to Nowhere," which was canceled in 2007 after a public uproar.
Millennial Money: Should You Invest in a Friend's Business?
Mixing business and friendship can tank a relationship. So, if a classmate, colleague or childhood friend asks you to invest in their business, you need to look at it from all angles.
How to Keep Your Tax Return from Getting Hung Up
There may never be a good time to draw the IRS' attention, but this year you really want to avoid extra scrutiny.
PayPal Enables Customers to Send Money to Ukrainians
PayPal said Thursday that its users will now be able to send money to Ukrainians, both in the war-ravaged country as well as those now refugees across Europe.
Fed Begins Inflation Fight with Key Rate Hike, More to Come
The Federal Reserve launched a high-risk effort Wednesday to tame the worst inflation since the early 1980s, raising its benchmark short-term interest rate and signaling up to six additional rate hikes this year.
Biden Urges Private Companies to Help Narrow Gender Pay Gap
President Joe Biden spotlighted new steps to close the gender pay gap for federal workers and contractors, and he urged private companies to do likewise.
Average U.S. Gas Price Rises 22% in Two Weeks to Record $4.43
The average U.S. price of regular-grade gasoline shot up a whopping 79 cents over the past two weeks to a record-setting $4.43 per gallon (3.8 liters).
Two Years into COVID, was $800B Payroll Aid Plan Worth It?
One estimate suggests the richest 20% of households captured about 85% benefits of the program.
Kimberly Palmer: How to Put Your Tax Refund to Work for You
Even though what can feel like a gift from the government is actually a delayed receipt of your own money, the best use of those funds is not always apparent.
Biden to Issue Executive Order on Cryptocurrency
President Joe Biden is expected to sign an executive order on cryptocurrency this week that will mark the first step toward regulating how digital currency is traded.
Mastercard, Visa Suspend Operations in Russia After Invasion
Mastercard and Visa are suspending their operations in Russia, the companies said Saturday, in the latest blow to the country's financial system after its invasion of Ukraine.
Key Inflation Gauge Hit 6.1% in January, Highest Since 1982
An inflation gauge that is closely monitored by the Federal Reserve jumped 6.1% in January compared with a year ago, the latest evidence that Americans are enduring sharp price increases that will likely worsen after Russia's invasion of Ukraine.
Treasury: Most COVID Rental Aid went to Low-Income Residents
More than 80% of the billions of dollars in federal rental assistance aimed at keeping families in their homes during the pandemic went to low-income tenants, the Treasury Department said Thursday.