Federal Reserve raises interest rates: What to do now

In order to fight decades-high inflation levels, the Federal Reserve raised rates for the first time since 2018 on Wednesday.

Federal Reserve hikes interest rate to fight inflation, more to come

The Federal Reserve launched a high-risk effort to tame the worst inflation since the 1970s, raising its benchmark short-term interest rate and signaling potentially up to seven rate hikes this year.

Puerto Rico exits bankruptcy after grueling debt negotiation

Puerto Rico’s government formally exited bankruptcy Tuesday, completing the largest public debt restructuring in U.S. history after announcing nearly seven years ago that it was unable to pay its more than $70 billion debt.

Inflation rises to yet another new 40-year high in February

With inflation reaching yet another new 40-year high in February, economists have begun to question the Fed's ability to bring it back down.

Canned pet food shortage continues amid supply chain woes

The canned pet food industry continues to feel the burn as supply chain woes and increases in price leave many pet owners improvising their dog or cat’s next meal.

US inflation soared 7.9% in past year, a fresh 40-year high

Propelled by surging costs for gas, food and housing, consumer inflation jumped 7.9% over the past year, the sharpest spike since 1982 and likely only a harbinger of even higher prices to come.

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.