Wall Street may get much worse in 2023 before it gets better
Many analysts expect stocks to end 2023 around their current range, if not a bit higher. But before that, much of Wall Street is also forecasting stock prices to fall sharply in the interim.
Many analysts expect stocks to end 2023 around their current range, if not a bit higher. But before that, much of Wall Street is also forecasting stock prices to fall sharply in the interim.
How Federal Reserve’s series of rate hikes could affect your finances
As interest rates increase, many economists say they fear a recession could happen — and with it, job losses that may cause hardship for households already badly impacted by inflation.
As interest rates increase, many economists say they fear a recession could happen — and with it, job losses that may cause hardship for households already badly impacted by inflation.
Nearly half of US workers hope to get promoted, a raise in 2023, survey shows
According to the survey, which polled 1,000 full-time U.S. employees in December, the majority of respondents (60%) felt somewhat valued or not at all valued at work.
According to the survey, which polled 1,000 full-time U.S. employees in December, the majority of respondents (60%) felt somewhat valued or not at all valued at work.
November inflation rises at the slowest rate this year, beating expectations
Inflation rose 7.1% year-over-year in November, a slowdown from the 7.7% increase in October. Here's what this means for the economy and future interest rate hikes.
Inflation rose 7.1% year-over-year in November, a slowdown from the 7.7% increase in October. Here's what this means for the economy and future interest rate hikes.
Gas prices plunge to new low, expected to keep dropping in 2023: AAA
The national average cost for a gallon of gas fell to $3.26, 52 cents less than a month ago and six cents less than a year ago, according to AAA.
The national average cost for a gallon of gas fell to $3.26, 52 cents less than a month ago and six cents less than a year ago, according to AAA.
US lawmakers announce 'framework' on bill to avoid government shutdown
Congress faces a midnight Friday deadline to pass a spending bill to prevent a partial government shutdown.
Congress faces a midnight Friday deadline to pass a spending bill to prevent a partial government shutdown.
Fed raises key interest rate by half a point, signals more to come
The latest move will further heighten the costs of many consumer and business loans and increases the risk of a recession.
The latest move will further heighten the costs of many consumer and business loans and increases the risk of a recession.
Americans say holiday gifts harder to afford
More than half of U.S. adults say it’s harder to afford the holiday gifts they want to give this year.
More than half of U.S. adults say it’s harder to afford the holiday gifts they want to give this year.
US alleges Bankman-Fried defrauded FTX cryptocurrency customers, investors
Samuel Bankman-Fried, 30, was arrested Monday in the Bahamas at the request of the U.S. government, which charged him with eight criminal violations.
Samuel Bankman-Fried, 30, was arrested Monday in the Bahamas at the request of the U.S. government, which charged him with eight criminal violations.
US inflation slowed to 7.1% over past 12 months
This is the fifth straight month with a slowdown.
This is the fifth straight month with a slowdown.
GoFundMe reveals most generous states, cities in 2022
Do you live in a generous state or city? Here’s what GoFundMe says.
Do you live in a generous state or city? Here’s what GoFundMe says.
IRS outlines what you need to know to prepare for tax filing in 2023
The deadline to file your taxes is April 18, 2023, and the IRS is sharing updated information to help get you ready.
The deadline to file your taxes is April 18, 2023, and the IRS is sharing updated information to help get you ready.
These US states are raising minimum wage in 2023, with 4 above $15
More than 20 states are raising their minimum wage next year, some adjusting for inflation and others to build their way up to the called-for $15 an hour.
More than 20 states are raising their minimum wage next year, some adjusting for inflation and others to build their way up to the called-for $15 an hour.
Still missing your tax refund? The IRS will soon pay you 7% interest
Taxpayers still waiting to receive their 2021 tax refund will soon be paid 7% interest on the money by the IRS – but the money is taxable.
Taxpayers still waiting to receive their 2021 tax refund will soon be paid 7% interest on the money by the IRS – but the money is taxable.
More Americans getting a second job as high inflation rages
High inflation is pushing more Americans to take on a side hustle.
High inflation is pushing more Americans to take on a side hustle.
Rail workers say deal to avoid strike won't resolve quality-of-life concerns
Workers and their unions say the deal doesn't do enough to address their quality-of-life concerns and doesn't add any sick days.
Workers and their unions say the deal doesn't do enough to address their quality-of-life concerns and doesn't add any sick days.
IRS warns Americans about $600 threshold to report Venmo, Cash App payments
Venmo and PayPal are required to report business transactions above $600 to the IRS.
Venmo and PayPal are required to report business transactions above $600 to the IRS.
Senate moves to avert rail strike; bill heads to Biden's desk for signature
Shortly before Thursday's votes, Biden defended the contract that four of the rail unions had rejected.
Shortly before Thursday's votes, Biden defended the contract that four of the rail unions had rejected.
Changes allow high school athletes to bank big endorsement bucks
Jada Williams was a social media star and a talented point guard when she moved with her mother from a Kansas City suburb to San Diego, looking to play basketball for a high school powerhouse and parlay her online prowess into endorsement deals.
Jada Williams was a social media star and a talented point guard when she moved with her mother from a Kansas City suburb to San Diego, looking to play basketball for a high school powerhouse and parlay her online prowess into endorsement deals.
DoorDash to cut 1,250 corporate jobs after COVID-19 pandemic hiring surge
Delivery company DoorDash is eliminating more than 1,200 corporate jobs, about 6% of its total workforce, saying it hired too many people when demand for its services increased during the COVID-19 pandemic.
Delivery company DoorDash is eliminating more than 1,200 corporate jobs, about 6% of its total workforce, saying it hired too many people when demand for its services increased during the COVID-19 pandemic.