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Showing
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Fed attacks inflation with its largest rate hike since 1994
06/15/2022 06:18pm • WASHINGTON (AP) — The Federal Reserve intensified its fight against high inflation on Wednesday, raising its key interest rate by three-quarters of a point — the largest bump since 1994 — and signaling more rate hikes ahead as it tries to cool off the U.S. economy without causing a recession.
EXPLAINER: Just how high is the risk of another recession?
06/15/2022 04:54pm • WASHINGTON (AP) — Inflation is at a 40-year high. Stock prices are sinking. The Federal Reserve has just made borrowing even costlier. And the economy actually shrank in the first three months of this year. Is the United States at risk of enduring another recession, just two years after emerging f
This is how a higher Fed rate could affect your finances
06/15/2022 04:40pm • WASHINGTON (AP) — Record-low mortgages are long gone. Credit card rates will likely rise. So will the cost of an auto loan. Savers may finally see a noticeable return. The unusually large t hree-quarter point hike in its benchmark short-term rate that the Federal Reserve announced Wednesday won't
Retail sales in May slip 0.3% amid surging inflation
06/15/2022 03:09pm • NEW YORK (AP) — Americans trimmed their spending unexpectedly in May compared with a month before, underscoring how surging inflation on daily necessities like gas is causing them to be more cautious about buying discretionary items. U.S. retail sales slipped 0.3% last month, down from a revised 0
Blatter, Platini face 20-month suspended jail sentences
06/15/2022 12:27pm • GENEVA (AP) — Prosecutors in the fraud trial of former FIFA president Sepp Blatter and vice president Michel Platini asked Wednesday for both men to get 20-month suspended prison sentences. Blatter and Platini, a former France national team captain who was president of European governing body UEFA
After Georgia loss, House runoff gives Trump another chance
06/15/2022 12:26pm • MCDONOUGH, Ga. (AP) — Nearly a month after his preferred candidate for governor in Georgia was defeated by more than 50 points, former President Donald Trump has an opportunity next week to demonstrate he still has some sway in this onetime Republican stronghold. A runoff election for a U.S. House
How to Change Your Address With Social Security
06/14/2022 08:00pm • If you receive Social Security income, you may be concerned about payments continuing if you change location. A change of address notification is required for those who receive Social Security benefits, Supplemental Security Income or Medicare. If you don't receive benefits yet, you don't need to no
NY high court nixes Trump appeal, clearing way for testimony
06/14/2022 05:12pm • NEW YORK (AP) — New York’s highest court on Tuesday rejected former President Donald Trump’s last-ditch effort to avoid testifying in the state attorney genera l’s civil investigation into his business practices, clearing the way for his deposition next month. The state’s Court of Appeals
US failed to stop fraud in COVID loan program, Clyburn says
06/14/2022 03:04pm • The U.S. failed to take basic steps at the start of the coronavirus pandemic to prevent fraud in a federal aid program intended to help small businesses, depleting the funds and making people more vulnerable to identity theft, the chairman of a House panel examining the payouts said Tuesday. Democra
Russia lowers gas flows to Europe with part stuck in Canada
06/14/2022 12:44pm • Russian natural gas deliveries through a key pipeline to Europe will drop by around 40% this year, state-controlled energy giant Gazprom said Tuesday, after Canadian sanctions over the war in Ukraine prevented German partner Siemens Energy from delivering overhauled equipment. Germany's utility netw
Asian benchmarks decline after bear market hits Wall Street
06/13/2022 11:37pm • TOKYO (AP) — Asian shares fell across the board Tuesday after Wall Street tumbled into a bear market, indicating that major U.S. benchmarks and individual stocks have fallen 20% or more from a recent high for a sustained period of time. Benchmarks fell in Japan, Australia, South Korea and China. T
Title
Loans
: What You Need to Know
06/13/2022 08:00pm • Car title
loans
are designed for people who need cash fast. They offer a short-term loan using your vehicle's title as collateral. Some lenders don't run a credit check and may not even require proof of employment or income, making auto title
loans
easy to access, even for consumers with a troubled
15 of the Best Dividend Stocks to Buy for 2022
06/13/2022 08:00pm • Stocks beat bonds, and these dividend stocks offer reliable yields.The stock market has gone from bad to worse this summer, with June starting off with a series of sharp declines. Many investors are bailing out of the market as the Federal Reserve takes aggressive action to try to contain the runawa
Title IX timeline: 50 years of halting progress across U.S.
06/13/2022 05:08pm • A timeline of key events before, during and after the 1972 passage of the landmark U.S. law known as Title IX: 1836: Georgia Female College is the first women's college to open in the U.S. 1917: Jeannette Rankin of Montana becomes the first woman elected to Congress. 1920: U.S. wome
Will money-back guarantee win over wealthy donors?
06/13/2022 02:22pm • A glossy book is arriving at the homes and offices of America’s wealthiest individuals. Inside is a charity pitch that aims to raise as much as $6 billion for nonprofits fighting global poverty. The proposition? Donate and get results — or your money back. The advocacy group Global Citizen and t
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