US adds 236,000 jobs in March despite Fed's rate hikes
The latest signs increasingly suggest that an economic slowdown may be upon us.
IRS promises more audits of wealthy taxpayers, better customer service
IRS officials pledge not to raise audit rates on small businesses and households making under $400,000 annually. A new report from the agency says most of the money for the program is to pursue high-wealth individuals and companies.
Mega Millions jackpot soars past $400M for Friday night
The Mega Millions jackpot has surpassed $400 million for the first time in almost three months.
Billionaires Bezos, Musk slide in Forbes World's Richest list
The world's richest person saw their wealth jump by $53 billion in the past year.
As inflation persists, Americans choosing money over love, staying in relationships for financial dependency
A new survey found nearly a quarter of coupled Americans reported staying in their current relationships due to financial dependency.
Tech layoffs, high interest rates are having ‘serious impact’ on how people buy homes
Facebook, Twitter and other companies announced layoffs this year amid rising interest rates. Experts say it’s affecting both prospective homebuyers and sellers.
Social Security cuts could be coming soon — here's who will be affected
A recent government report suggests that Social Security funds face a long-term financial crunch that could mean some benefits get cut sooner for retirees.
Homebuyers find opportunity in declining mortgage rates: Freddie Mac
The average rate for a 30-year fixed-rate mortgage dropped to 6.32% for the week ending March 30, according to Freddie Mac's Primary Mortgage Market Survey.
Texas woman pays off $70K in debt in just two years by 'cash stuffing'
Jasmine Taylor of Amarillo, Texas, saved money by using the "cash stuffing" method — allowing her to pay off debt in just two years. Here's how she did it successfully.
When could Social Security run out of money? Fund faces insolvency earlier than expected
Social Security and Medicare face long-term shortfalls that could lead to smaller payments.
Many electric vehicles to lose big tax credit under proposed new rules
Fewer new EVs will qualify for a full $7,500 federal tax credit under the rules proposed Friday by the U.S. Treasury Department.
Apple Pay Later launches after a six-month delay
Apple announced the soft launch of its long-awaited buy now, pay later service option for Apple Wallet.
Americans pulled nearly $100B out of bank accounts as SVB, Signature Bank collapsed
During the closures of SVB and Signature Bank, Americans withdrew almost $100 billion from their bank accounts, according to seasonally adjusted data from the Federal Reserve.
Rising number of Americans choose bankruptcy to deal with unmanageable debt: report
Total individual bankruptcy filings in February rose to 30,193, up 18% from a year ago and up 2% from January, according to a recent American Bankruptcy Institute (ABI) report.
First Citizens to acquire troubled Silicon Valley Bank, FDIC says
Customers of Silicon Valley will automatically become customers of First Citizens, which is headquartered in North Carolina.
Gas prices drop despite rising demand, tighter supply: AAA
Gas prices decreased this week to $3.49 per gallon, AAA reported. And prices could hold steady as the price of oil remains low, despite a rise in demand for gas.
Lindsay Lohan, Jake Paul, Soulja Boy and other celebs charged with alleged crypto violations by SEC
Crypto entrepreneur Justin Sun and his companies were also charged for fraud and other security law violations.
Fed forges ahead with 25 basis point interest rate increase, signaling resolve to battle inflation
The Federal Reserve announced another 25 basis point interest rate increase, bringing the federal funds rate to a targeted range of 4.75% to 5%, the highest level in 15 years.
Gender pay gap in US hasn’t changed much in two decades, report finds
New analysis from Pew Research finds that despite women earning more now than they did over 30 years ago, the disparity in pay for them compared to men has been stagnant.
Federal Reserve raises key interest rate by quarter-point
The Fed also warned that the financial upheaval stemming from the collapse of two major banks is “likely to result in tighter credit conditions" and “weigh on economic activity, hiring and inflation."