Mastercard, Visa suspend operations in Russia amid Ukraine invasion

Mastercard said cards issued by Russian banks will no longer be supported by its network and any card issued outside the country will not work at Russian stores or ATMs.

Virginia advances groundbreaking cryptocurrency banking bill

The Virginia Senate unanimously passed a groundbreaking cryptocurrency banking bill this week, which already passed the state's House of Delegates and which legislators expect Gov. Glenn Youngkin, a Republican, to sign within seven days.

What is SWIFT? A look at West’s toughest sanctions on Russia yet

On Saturday, The United States joined European allies to impose the most potentially crippling financial penalties yet on Russia — cutting some banks off from SWIFT. Here’s a look at what that means.

Interest rates could increase more than traditional quarter-point, US Fed governor says

Federal Reserve Governor Michelle Bowman says she's open to lifting interest rates by more than the traditional quarter-point at the central bank’s next meeting in March.

Rising gas prices: Ways to maximize your fuel economy

As gas prices continue to climb, here are some tips and tricks to help save you money and maximize your fuel economy.

American companies return to 'normal' operations as COVID-19 pandemic wanes

For the first time in two years for many people, the American workplace is transforming into something that resembles pre-pandemic days.

2022 weddings will cost more; here are some ways to save

An estimated 2.5 million weddings plan to take place in 2022 and, as with some many other things, couples can expect to pay more amid rising prices.

Super Bowl snacks cost more this year, thanks to inflation

With the big game right around the corner, inflation could end up throwing a penalty flag if you're purchasing food for a Super Bowl shindig.

5 ways to use your tax refund strategically

Taxpayers received an average tax refund of nearly $3,000 in 2021, according to the IRS, and it's possible to use this cash windfall to improve your financial situation.

What is the consumer price index and how is it used to measure inflation?

The Consumer Price Index (CPI) measures the change in prices paid by consumers for goods and services and is often used as a way to gauge inflation.

NY couple tries to launder billions of stolen cryptocurrency, feds claim

A New York couple was arrested Tuesday on charges of conspiring to launder billions of dollars in cryptocurrency that was stolen in a 2016 hack.

Gas prices reach 7-year high

The average price for a gallon of gasoline in the U.S. hit a seven-year high, according to AAA. 

Philanthropist MacKenzie Scott donates $133.5 million to education nonprofit

Billionaire philanthropist MacKenzie Scott donated over $130 million to an education nonprofit that helps students at risk. The financial gift is the largest donation ever given to the organization.

US job growth soars past expectations with 467,000 added, shaking off omicron surge

U.S. job growth blew past expectations in January, as the economy brushed off a record-breaking surge in COVID-19 cases nationwide that threatened to sideline millions of workers and kept many consumers at home.

Starbucks to raise menu prices to offset inflation

The Seattle-based coffee franchise had already raised prices — once in October 2021 and December 2021 — but inflation woes and labor issues have forced the company to hike prices once again.