The United States is entering a new economic era as the Federal Reserve hikes its benchmark interest rate. In July 2023, the federal funds effective rate stood above 5% for …
The Marriner S. Eccles Federal Reserve building in Washington. Stefani Reynolds/Bloomberg via Getty Images After a pause last month, experts predict the Federal Reserve likely will raise rates by a …
Restaurants are getting squeezed This year, 15% of restaurant owners added surcharges, according to the National Restaurant Association’s restaurant business conditions survey. Unlike other small businesses, it can be hard for restaurants …
Supreme Court justices listen to arguments. Artist: Bill Hennessey 1. Conservative justices found states had standing The biggest obstacle for those who wanted to legally challenge President Joe Biden’s student …
President Joe Biden announces new actions on June 30, 2023 to protect borrowers after the Supreme Court struck down his student loan forgiveness plan. Chip Somodevilla | Getty Images The …
Car shoppers like luxury Well before the Covid-19 pandemic, consumer tastes had started to steadily shift away from sedans toward more expensive SUVs and trucks. Then, car buyers piled on …
Asiavision | E+ | Getty Images The Covid-19 pandemic separated the haves from the have-nots when it comes to finances. Research shows that trend is continuing when it comes to …