Federal Reserve Chair Jerome Powell says rate hikes to be decided 'meeting by meeting'
Concerns are growing among some that the Federal Reserve may tighten credit so much that it may cause a potential recession.
Concerns are growing among some that the Federal Reserve may tighten credit so much that it may cause a potential recession.
Nobel Peace Prize medal sells at auction for $103.5 million
The Nobel Peace Prize that Russian journalist Dmitry Muratov was auctioning off to raise money for Ukrainian child refugees has sold for $103.5 million. The sale shattered the previous $4.76 million record for a Nobel.
The Nobel Peace Prize that Russian journalist Dmitry Muratov was auctioning off to raise money for Ukrainian child refugees has sold for $103.5 million. The sale shattered the previous $4.76 million record for a Nobel.
American Airlines ending service in three cities due to pilot shortage
American Airlines is ending service in three cities this fall in response to the industry-wide pilot shortage.
American Airlines is ending service in three cities this fall in response to the industry-wide pilot shortage.
Ford CFO flags increase in car loan delinquencies
Average monthly car loan payments hit a record of $656 for new vehicles, $546 for used vehicles in May: Edmunds.
Average monthly car loan payments hit a record of $656 for new vehicles, $546 for used vehicles in May: Edmunds.
Gas tax holiday? Biden decision expected this week
Gas prices nationwide average just under $5 a gallon, AAA says. Now the president is considering a gas tax holiday to give Americans a break at the pump.
Gas prices nationwide average just under $5 a gallon, AAA says. Now the president is considering a gas tax holiday to give Americans a break at the pump.
Gas prices soar around the world amid Russia-Ukraine war, rebound from COVID-19
Energy prices are a key driver of inflation that is rising worldwide and making the cost of living more expensive.
Energy prices are a key driver of inflation that is rising worldwide and making the cost of living more expensive.
US Treasury Secretary Janet Yellen says recession is not inevitable
She also discussed Sunday an openness to lowering the federal gas tax to give drivers some relief at the pump.
She also discussed Sunday an openness to lowering the federal gas tax to give drivers some relief at the pump.
Crypto crash: Bitcoin falls below $20,000 as selloff continues
It's the latest sign of turmoil in the cryptocurrency industry amid wider turbulence in financial markets.
It's the latest sign of turmoil in the cryptocurrency industry amid wider turbulence in financial markets.
Wheat and barley shortage: How Russia-Ukraine war triggered a global food crisis
Together, Russia and Ukraine export nearly a third of the world’s wheat and barley, more than 70% of its sunflower oil and are big suppliers of corn.
Together, Russia and Ukraine export nearly a third of the world’s wheat and barley, more than 70% of its sunflower oil and are big suppliers of corn.
100 million Americans carry medical debt with some owing more than $10K, poll finds
Some people say they have medical debt they owe to a relative or friend for a loan they received to pay a medical or dental bill.
Some people say they have medical debt they owe to a relative or friend for a loan they received to pay a medical or dental bill.
Wall Street stumbles 3.3% as fears of a recession grow
Stocks slumped again on Wall Street Thursday. So what can Americans do to protect themselves if a recession hits? Start by not focusing on external market movements, which you can't control.
Stocks slumped again on Wall Street Thursday. So what can Americans do to protect themselves if a recession hits? Start by not focusing on external market movements, which you can't control.
Average US mortgage rates hit 5.78%, highest level since 2008
Average long-term U.S. mortgage rates had their biggest one-week jump in 35 years with the Federal Reserve raising its key rate in a bid to tame inflation.
Average long-term U.S. mortgage rates had their biggest one-week jump in 35 years with the Federal Reserve raising its key rate in a bid to tame inflation.
Fed raises key interest rate in largest hike since 1994
The Federal Reserve on Wednesday intensified its drive to tame high inflation by raising its key interest rate by three-quarters of a point — its largest hike in nearly three decades.
The Federal Reserve on Wednesday intensified its drive to tame high inflation by raising its key interest rate by three-quarters of a point — its largest hike in nearly three decades.
Biden tells oil refiners: Produce more gas and diesel, fewer profits
In a draft letter to refiners, Biden said their profits have tripled during a time of war between Russia and Ukraine as Americans struggle with record-high gas prices.
In a draft letter to refiners, Biden said their profits have tripled during a time of war between Russia and Ukraine as Americans struggle with record-high gas prices.
Biggest rate hike in years expected as Fed tackles inflation
Investors are bracing to see how big of an interest rate hike the Federal Reserve will make on Wednesday after Wall Street closed mostly lower on Tuesday, a day after tumbling into a bear market.
Investors are bracing to see how big of an interest rate hike the Federal Reserve will make on Wednesday after Wall Street closed mostly lower on Tuesday, a day after tumbling into a bear market.
Americans feeling the stress from inflation
Ask pretty much anyone how they feel about rising gas and food prices, and they won’t have nice things to say. Fox 9 asked a local financial expert and a local psychologist their best tips to relieve the current financial stress and make their dollars stretch further.
Ask pretty much anyone how they feel about rising gas and food prices, and they won’t have nice things to say. Fox 9 asked a local financial expert and a local psychologist their best tips to relieve the current financial stress and make their dollars stretch further.
Early bids for final charity lunch with Buffett top $3M
Bidding for a final, private lunch with Warren Buffett, an event that has raised tens of millions for a California charity, has already topped $3 million.
Bidding for a final, private lunch with Warren Buffett, an event that has raised tens of millions for a California charity, has already topped $3 million.
Is the U.S. headed for a recession? Stocks near bear market
The Dow Jones has fallen 16%, and the NASDAQ is down roughly 30%. The S&P 500 is down more than 20% from its January 3 peak.
The Dow Jones has fallen 16%, and the NASDAQ is down roughly 30%. The S&P 500 is down more than 20% from its January 3 peak.
What makes a bear market? Wall Street term explained
Wall Street is back in the claws of a bear market amid worries about inflation and higher interest rates. Here are answers to some common questions about bear markets.
Wall Street is back in the claws of a bear market amid worries about inflation and higher interest rates. Here are answers to some common questions about bear markets.
These electric vehicles are cheaper to own than gas ones now
Building electric vehicles is expensive, which is why their prices are high, and it's mostly about the batteries.
Building electric vehicles is expensive, which is why their prices are high, and it's mostly about the batteries.