Biggest Social Security cost-of-living increase in decades expected this week

Roughly 70 million Americans are likely to see a notable boost in their monthly checks. Here’s what to know ahead of the expected COLA increase announcement this week.

Nobel economics prize awarded to former Fed chair Ben Bernanke, 2 other Americans

The Nobel Prize winners’ research took on great real-world significance when investors sent the financial system into a panic during the fall of 2008.

Americans changing holiday travel plans due to inflation, survey finds

Over the holidays, many Americans are opting for fewer days of travel, cheaper accommodations, and shorter distances due to rising costs, a recent survey found.

Mortgage activity hits 25-year low as rates rise

The Federal Reserve's strategy of raising interest rates in an attempt to fight sky-high inflation is sending mortgage rates higher, impacting home buyers.

More couples are asking wedding guests to help buy a home, experts say

The wedding experts at Zola.com (http://zola.com/) said they’ve seen the number of couples asking for housing-related funds double since 2019.

The Great Resignation: How much does it cost to quit your job?

Quitting your job without a new one lined up is a daunting task, and will cost each person differently. Here are some tips for figuring out your number.

Got a pocket full of 'Strong Dollars'? There's good news and bad

Amid the headlines about rising inflation and interest rates, you may have also heard that the 'dollar' has been growing stronger, in the world. However, it might not be as great as it sounds.

Skimpflation: Watchdogs say look out for food ingredient changes amid shortages

Consumer watchdogs say "Skimpflation," otherwise known as ingredient changes in foods and beverages is being more and more noticeable amid supply chain delays and shortages.

Baby formula shortage: US to allow long-term foreign imports to prevent repeat

For decades, the U.S. formula industry has been dominated by a handful of companies, excluding similar products from overseas. A new plan will change that.

Final GDP estimate for Q2 confirms negative economic growth

GDP contracted in the second quarter of 2022, according to the final estimate from the Bureau of Economic Analysis (BEA). Here's what that means for you.

Fewer people request US unemployment benefits amid solid hiring, high inflation

Applications for unemployment benefits last week saw their lowest number of claims since April. If the number continues to drop, the Federal Reserve could raise interest rates higher than it plans to slow the economy.

Costco CFO says hot dog combo price might remain $1.50 forever

Costco CFO Richard Galanti said the company's gas and travel sectors allowed the company to make up for loss at the food court.

Butter shortage drives up prices ahead of holiday baking season

The average price of butter in August jumped 24.6% compared to a year ago, U.S. labor statistics show. Here’s what is driving the increase.

Fed hikes rate by three-quarters of a point in continued fight against inflation

The Fed’s move boosted its benchmark short-term rate, which affects many consumer and business loans, to a range of 3% to 3.25%, the highest level since early 2008.