Stay updated on financial news, market trends, and economic changes that affect your money. From interest rate hikes to government policy shifts, we break down what’s happening now—and what it means for your finances.
The years of unsolicited junk-mail you’ve received from credit card issuers and loan companies may have finally paid off. Millions of American consumers could be awarded free credit monitoring services from TransUnion, one of the… TransUnion Offers Settlement on Class-Action Lawsuit
More relief for drivers in the U.S., gas prices are dipping lower for the 7th week in a row. The average price for gas in the U.S. is $3.67 a gallon for regular unleaded. Crude… Gas Prices Drop for the 7th Week in a Row
Inflation rates in the U.S. have risen faster than economists have predicted. According to the Bureau of Labor Statistics of the U.S. Department of Labor, the Consumer Price Index for All Urban Consumers (CPI-U) rose… Inflation Picks Up the Pace
According to the U.S. Department of Labor, the unemployment rate rose to 5.7 percent for July, the highest it’s been in four years. Non-farm payroll employment continues to trend down, at a loss of 51,000… Unemployment Rate Hits Four-Year High
The White House expects a record-breaking federal deficit. The federal budget deficit for fiscal 2009 is estimated to top a record-high of $482 billion, according to a Bush administration report released on Monday. The last… Federal Deficit Reaches Record High
The new federal minimum wage of $6.55 an hour goes into effect today, which amounts to a $.70 pay raise for the roughly two million American workers who must make ends meet on minimum wage.… Minimum Wage Increase
In the midst of a weak economy, high gas prices, falling real estate values, and a slowing job market, we also have to tighten our budget for the rising cost of food. Many have already… Food Costs Keep Rising
Gas prices, here in my town, have hovered just over $4/gallon for months, hitting a high last month at around $4.09. It was actually quite surprising to see a gas price sign for $3.99/gallon last… Gas Prices Take a Dip
The Federal Reserve and Treasury announced plans on Sunday to lend a hand to mortgage giants, Fannie Mae and Freddie Mac, by temporarily extending their long-standing credit lines if needed. The two companies would be… U.S. Government Plans to Aid Fannie Mae & Freddie Mac
The Federal Reserve has tightened lending standards with new rules for home mortgages. These new mortgage rules are meant to protect American consumers from the types of irresponsible mortgage lending practices that have been blamed… Federal Reserve Sets New Mortgage Rules