Major retailers closing doors amid inflation, lower consumer demand

Major retail chains are being forced to close thousands of brick-and-mortar stores across the U.S., with a number of reasons cited for the shutdowns.

Fed holds interest rates steady, projects just one cut this year

The Federal Reserve on Wednesday held interest rates steady for the seventh straight time and scaled back the outlook for rate reductions later this year as high inflation lingers.

Here's who's hiring teens this summer –  and which jobs pay the most

Young workers account for about a third of all new hires each June. Here's which jobs hire the most teens – and which ones pay the most.

U.S. economy adds 272,000 jobs in May, but unemployment rate rises to 4%

The latest reports show companies hiring more people in May than anticipated, despite continuing inflation and high interest rates. While the economy is still growing, there are ongoing concerns.

Best, worst state economies of 2024: where does New York rank?

A new study from WalletHub ranked the states that had the best economy and contributed the most to the country’s economic growth. Here's where New York ranked.

Reports: McDonald's planning $5 meal deal to win back customers

McDonald's is reportedly introducing a $5 meal deal in an effort to attract customers deterred by recent price increases.

More Americans to qualify for Social Security under new SNAP rule

The Social Security Administration has expanded the definition of a public assistance household to include SNAP recipients, broadening eligibility and potentially increasing benefits for more Americans.

Interest rates not changing until inflation cools, Federal Reserve says

The Federal Reserve announced its decision to maintain its key interest rate at a two-decade high of roughly 5.3% amid ongoing concerns about high inflation.

Why now is the best time to visit Japan, thanks to a weak yen

Here are the best things to do when visiting Japan to make your dollar stretch further as the yen drops to historic lows not seen since 1990.

How much money it takes to be 'rich' in America for 2024

A recent GOBankingRates study utilizing IRS data reveals that the income required to be considered "rich" varies widely across the U.S., reflecting regional differences in cost of living, local economies, and tax structures.

Here's what it takes to be considered middle class in NYC

A new study from the personal finance website SmartAsset took a look at what it takes financially to be considered middle class in 2024 in NY, NJ and CT, as well as NYC.

Bad service, no tip: Most Americans demand quality before tipping

A recent YouGov poll reveals that as tipping becomes an expected norm in increasingly varied sectors amid rising living costs, over half of Americans now express a growing resentment towards tipping, opting to leave no tip for subpar service.

Your $1 bill could be worth $150,000: Here's how

Experts say that dollar bills printed in New York and Washington D.C., featured a mistake making them worth thousands. Here's how to identify the lucky bills.

These salaried workers are now eligible for overtime pay

The Biden administration's new rule significantly expands overtime pay eligibility to millions of salaried workers in the U.S., setting higher income thresholds and updating salary limits every three years.

'Doom spending' instead of home buying—how young people are spending their money

Amid inflation and climate concerns, younger generations, including Gen Z and millennials, are turning to "doom spending," buying luxuries as they find homeownership increasingly unaffordable.

High inflation is costing Americans an extra $1K a month

Americans are now facing an additional financial burden of $1,069 per month due to high inflation compared to three years ago.