How Federal Reserve’s series of rate hikes could affect your finances

As interest rates increase, many economists say they fear a recession could happen — and with it, job losses that may cause hardship for households already badly impacted by inflation.

Nearly half of US workers hope to get promoted, a raise in 2023, survey shows

According to the survey, which polled 1,000 full-time U.S. employees in December, the majority of respondents (60%) felt somewhat valued or not at all valued at work.

November inflation rises at the slowest rate this year, beating expectations

Inflation rose 7.1% year-over-year in November, a slowdown from the 7.7% increase in October. Here's what this means for the economy and future interest rate hikes.

Gas prices plunge to new low, expected to keep dropping in 2023: AAA

The national average cost for a gallon of gas fell to $3.26, 52 cents less than a month ago and six cents less than a year ago, according to AAA.

Americans say holiday gifts harder to afford

More than half of U.S. adults say it’s harder to afford the holiday gifts they want to give this year.

FTX founder Bankman-Fried faces fraud charges in New York

The feds charged Sam Bankman-Fried, the founder and former CEO of cryptocurrency exchange FTX, with a host of financial crimes. U.S. prosecutors allege he intentionally deceived customers and investors to enrich himself and others, while playing a central role in FTX's multibillion-dollar collapse.

New NY gift card rules go into effect

A new law in New York limits fees and extends expiration dates for gift cards.

When will relief come for high NYC apartment prices?

Apartment leases are up 2% in November compared to October, and up significantly more over this time last year.

Poverty in NY worse than national levels: Comptroller

New York had the 13th highest poverty rate among states in 2021 and had a higher rate than neighboring states.

How much credit card debt does the average family have?

Americans are back to bad habits when it comes to credit card debt, according to a new study. See what the credit card balance the average family now carries.

Apartment rental prices may finally be falling in US, data shows

Zumper, a real estate marketplace company, analyzed rental data from over one million active listings across the U.S.

Home heating oil costs soaring to near-record highs

The current national average for heating oil prices is just over $5 a gallon, more than twice what it was in the winter of 2015/2016, when a gallon of heating oil was just $2.06.

These US states are raising minimum wage in 2023, with 4 above $15

More than 20 states are raising their minimum wage next year, some adjusting for inflation and others to build their way up to the called-for $15 an hour.