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Economy
Cash in money market accounts at record level as rate cuts loom
The amount of cash held by investors in money market accounts reached a record level…
Credit card delinquencies were worst on record in Fed data dating back to 2012
A growing number of Americans are falling behind on their monthly credit card payments as…
Corporate greed is not to blame for high inflation, SF Fed says
President Biden and other Democratic lawmakers have frequently blamed corporate price gouging for chronic inflation…
Baltimore Key Bridge collapse: Dali container ship refloated, moved to marine terminal
The massive container ship that caused the deadly collapse of Baltimore’s Francis Scott Key Bridge…
Finance expert sounds alarm over ‘spaving’ trend: An old ‘trap’ with a new name hitting your wallet
"Spaving" – spending more to save – is an old "trap" with a new name…
Interest costs on the national debt just surpassed spending on defense, Medicare
Interest payments on the nation’s ballooning debt just eclipsed spending on defense and Medicare, worrying policy…
Fed Chairman Powell tests positive for COVID-19
Federal Reserve Chair Jerome Powell tested positive for COVID-19 on Thursday and is currently working…
Mortgage rates drop for second straight week to 7.02%
Mortgage rates declined for a second consecutive week but remain above 7% as a home…
April CPI breakdown: Where are prices still rising the fastest?
Inflation fell slightly in April, but a spike in the cost of rent and gasoline…
Wholesale inflation unexpectedly jumps again to highest level in a year
Inflation at the wholesale level rose much more than expected in April, the latest sign…
Americans expect high inflation to stick around in latest NY Fed survey
Americans are bracing for high inflation to stick around over the next few years, according…
Inflation has majority of retirees worried they will outlive their assets
After years of elevated inflation that continues to chip away at the value of a…
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