CVS to lay off 5,000 employees as it seeks to cut costs

The Rhode Island-based pharmacy giant said in a statement that it is eliminating "a number of non-customer facing positions" throughout the company

US trucking giant Yellow shutting down operations amid standoff with Teamsters union

The end of the road comes after the company earlier this month averted a strike by some 22,000 Teamsters-represented workers, saying the company will pay the more than $50 million it owed in worker benefits and pension accruals.

Federal Reserve raises key interest rate for 11th time by a quarter-point in effort to slow inflation

The Federal Reserve raised its key interest rate Wednesday for the 11th time in 17 months, a streak of hikes that are intended to curb inflation but that also carry the risk of going too far and triggering a recession.

Auto-loan rejections are up as Federal Reserve raises key interest rate

The Federal Reserve's decision Wednesday to raise its benchmark rate for the 11th time, by a quarter-point, could once again send ripple effects across the economy.

NFL suspends Broncos' Eyioma Uwazurike indefinitely for gambling on games

The NFL indefinitely suspended Denver Broncos defensive end Eyioma Uwazurike on Monday for betting on league games during the 2022 season.

Mega Millions jackpot jumps to $820 million

Tuesday's drawing is now the fifth largest Mega Millions jackpot in the history of the game.

Powerball: What you need to know before you play for $1B jackpot

The new jackpot for Wednesday’s drawing would be the seventh highest in U.S. history and the third largest for Powerball.

Student loans: More than half of borrowers say they may miss a payment

Many student loan borrowers are worried they'll miss at least one payment when repayment begins, according to a survey by Morning Consult. But the Biden administration announced new student loan relief initiatives after the Supreme Court shut down its student loan forgiveness plan.

Princess Diana's iconic sheep sweater up for auction

The playfully patterned wool jumper featuring a single black sheep amid a pattern of white ones headlines Sotheby’s online Fashion Icons sale in September.

Biden admin cancels $39B in student loan debt for 800,000-plus borrowers

The administration says the new round of student loan forgiveness address “historical inaccuracies" in counting payments that qualify toward income-driven repayment plans.

Student loan scam attempts likely to rise after SCOTUS decision: FTC

Scammers are likely to start contacting borrowers, promising to help them repay their loans after SCOTUS struck down Biden’s student loan forgiveness plan, the FTC said. Here's how borrowers can protect themselves.

DC ranks 11th for worst inflation, study says

D.C. was ranked eleventh out of 23 American cities experiencing the worst inflation in a study from WalletHub.