Will the Fed's rate cut bring down mortgage rates?

While the federal funds rate is not what consumers pay directly, it affects borrowing costs for home equity lines of credit, auto loans and credit cards. Mortgage rates are linked to moves in the 10-year Treasury yield.

Federal Reserve slashes key rate by half-point, signals end of inflation battle

The Federal Reserve cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates helped tame inflation but that also made borrowing painfully expensive for consumers.

Study finds only 9 cities where childcare is cheaper than rent

Parents are facing the financial challenges of managing high childcare expenses that surpass what they pay for rent in most U.S. cities, according to a new study.

Blink Fitness bankruptcy: PureGym makes $105M bid for NJ, NY gyms

After filing for Chapter 11 bankruptcy, Blink Fitness could sell most of its New Jersey and New York assets to U.K.-based PureGym for $105 million. See the list of NY locations at risk of closing.

Blink Fitness bankruptcy filing: List of NY locations at risk of closing

Blink, a chain owned by the luxury fitness company Equinox Group filed for bankruptcy to help facilitate a sale of the business. More than half the locations in New York are at risk of closing.

Poll shows Americans take dim view of grocery industry amid recalls, inflation

A recent Gallup poll reveals a shift in Americans' opinions of the grocery industry, with more negative than positive views for the first time. Concerns over inflation and food safety have contributed to declining confidence in a once highly-rated sector.

Fast food kids meal prices jump: Here's how much they've increased over 10 years

A new study reveals that fast food kids meal prices have risen 43% over the past decade, outpacing inflation. Chick-fil-A leads with a 63% increase, while Dairy Queen saw the smallest change at 21%. Find out how your favorite chains compare.

NYC reparation payments: City moves to address slavery. Explainer

New York City could soon become the largest city to enact reparations. What are reparations, and what does this mean for New Yorkers? Details here.

US could lose all bank branches by 2041 as closures surge, financial report finds

A new financial report predicts that physical bank branches in the U.S. could disappear by 2041 if current trends continue, with over 1,600 closures per year. California, Florida, and Illinois have seen the highest number of closures as Americans increasingly turn to online banking options.

Rare dime likely worth over $500K could be hiding in your pocket

A rare dime from 1975 that lacks the letter "S" for the San Francisco mint it came from is up for auction and is expected to fetch more than $500,000.

Inflation continues to cool, latest numbers show

The prices of gas, groceries and cars are either falling or rising at slower rates than before the pandemic. That’s after peaking at a 40-year high in mid-2022.

US inflation hits 3-year low as Federal Reserve set to cut interest rates

With the cost of goods and services experiencing a slight decline in August, the Federal Reserve may consider cutting its key interest rate soon.

Mega Millions player strikes $800 million jackpot

The grand prize in Tuesday's drawing was the seventh-largest prize in the game's history.

No-tip restaurants in NYC: How a Japanese ramen spot is doing

Leaving a tip at the end of a meal is a routine part of going out to eat in New York City, but there are some restaurants that are bucking the trend and implementing a no-tip policy.

Company plans to track workers' locations in return-to-office crackdown

One of the world's biggest consulting and accounting firms plans to monitor its employees' locations to ensure compliance with a stricter return-to-office policy set to take effect next year. 

August jobs report shows job losses for US-born workers, gains for foreign-born

The August jobs report reveals a sharp contrast in the U.S. job market, with US-born workers losing over 1.3 million jobs in the past year, while foreign-born workers gained more than 1.2 million jobs.