What Trump's 10% credit card rate cap would mean for consumers
Capping credit card interest rates at 10% could save consumers billions of dollars, but potentially hurt lower-income Americans, experts said.
Watch CBS News
Capping credit card interest rates at 10% could save consumers billions of dollars, but potentially hurt lower-income Americans, experts said.
Financial experts have been anticipating these cuts for some time, and the belief is there will be two more cuts by the end of the year.
The Federal Reserve signaled that more cuts could be coming by the end of the year. WBZ-TV’s Courtney Cole reports.
Interest rates for loans on homes and cars will remain high because the Federal Reserve is keeping a benchmark rate unchanged. CBS's Bradley Blackburn reports.
CBS News Boston digital host Joe Weil discusses the latest financial headlines with the Armstrong Advisory Group's Chuck Zodda.
Financial expert Chuck Zodda of the Armstrong Advisory Group discusses inflation, tariffs and the latest headlines from Wall Street.
If you carry a credit card balance, beware. You'll be paying a lot more for those Christmas gifts due to rising interest rates. WBZ-TV Chief Investigative Reporter Cheryl Fiandaca reports.
The Federal Reserve just lowered its benchmark rate by 0.50 percentage points. Here's how the move could impact your finances.
The Fed's decision will lower borrowing costs from a 23-year high as the central bank pivots to shoring up economic growth.
The Fed is leaving its benchmark interest rate unchanged, noting a lack of progress in curbing inflation.
Inflation is moving sideways, remaining above 3% for the first three months of 2024. Here's how that could impact your finances.
Higher interest rates and heavy government spending is leading to ballooning interest payments on the nation's debt.
If faced with a sudden loss of income, more than half of Americans say they worry they wouldn't have enough savings to cover a month's living expenses.
The central bank has pushed pause after 11 straight interest-rate hikes. Here are steps to take with your money now.
Rising interest rates are forcing some potential home buyers and sellers to stay put even when they're in desperate need of a change. WBZ-TV's Mike Sullivan reports.
The Federal Reserve raised interest rates by one quarter of a percentage point at its meeting today. CBS News political correspondent Caitlin Huey-Burns, CBS News contributor and managing editor for business and markets for Axios Javier David, and host of "TheStreet" J.D. Durkin joins us with more on the impact and the reaction.
The central bank boosted interest rates for the seventh time this year, which means pricier debt and loans.
It is the fourth straight month the Federal Reserve has increased the interest rate by ¾ of a point.
WBZ-TV's Brandon Truitt reports.
Latest jump is the fourth supersized rate hike this year, as the central bank tries to subdue stubbornly high inflation.
Ipswich is closing its popular beaches on the North Shore of Massachusetts as a result of the Merrimack River sewage leak.
Former Canton Police Sgt. Sean Goode allegedly sent dozens of vulgar text messages, an independent investigation revealed.
Alvin Campbell was sentenced to life in prison after he was convicted of raping multiple women while posing as an Uber driver in Boston.
There's an Extreme Heat Watch for the Boston area from Wednesday through Saturday with temperatures at or above 100 degrees.
Golden Temple and Party Favors in Brookline are closing after a combined 100 years in business.
There's an Extreme Heat Watch for the Boston area from Wednesday through Friday with temperatures at or above 100 degrees.
Massachusetts State Police Trooper Jacob Mick has died from injuries he suffered in an off-duty motorcycle crash, the department said Monday.
Ipswich is closing its popular beaches on the North Shore of Massachusetts as a result of the Merrimack River sewage leak.
Former Canton Police Sgt. Sean Goode allegedly sent dozens of vulgar text messages, an independent investigation revealed.
An off-duty Massachusetts State Trooper is currently off the job after police said he was seen on video punching another off-duty trooper at a bar.
Many people fear that a family history of dementia dooms them to inevitably suffer the condition themselves. But a new tool, the Brain Care Score, shows how lifestyle changes can be beneficial, cutting the risk of dementia.
There was a possible measles exposure at Logan Airport in Boston last week, Massachusetts health officials say.
A new study finds that a simple blood test could predict Alzheimer's disease long before symptoms appear.
The Lone Star tick, which can cause alpha-gal syndrome, is spreading north throughout Massachusetts.
Boston's cold and snowy winter might have an effect on this year's pollen allergy season.
A Malden, Massachusetts woman said National Grid took more than $28,000 out of her bank account for a gas bill that she didn't owe.
A Massachusetts family thought their Vrbo stay would be protected after they had to cancel their trip to Hawaii due to severe weather. Now they're out $12,000.
A driver from Southboro, Massachusetts struggled for months to unravel a frustrating mix up with his E-ZPass account.
The gunman who allegedly opened fire on passing cars on Memorial Drive in Cambridge, Massachusetts is 46-year-old Tyler Brown from Boston.
There have been four violent attacks in three weeks at Tewksbury Hospital and a state representative is taking the fight to Beacon Hill to give security the non-lethal equipment back.
Barney Frank, a Democrat who represented Massachusetts in Congress for 32 years, has died. He was 86 years old.
Both the Trump and Healey administrations are using government websites to blame each other for the shutdown.
Which party stands to take more of the blame from voters for the government shutdown? Here's what a new poll says.
A UNH Survey Center/Granite State poll shows John Sununu crushing Scott Brown by 23 points among likely primary voters in New Hampshire.
Seth Moulton said he's running against Sen. Ed Markey because "our party leaders are clinging to that old playbook."
Golden Temple and Party Favors in Brookline are closing after a combined 100 years in business.
There are no more Hooters restaurants left in Massachusetts.
There's a proposal in Cambridge to limit customers at bars and restaurants to one drink every 30 minutes.
Boston Dynamics is expanding with a new robotics and AI center in Waltham, Massachusetts.
Dozens of Boston bars and restaurants are taking advantage of a new Massachusetts law allowing for a later last call.
Beauport, the Sleeper-McCann House has become one of New England's most imaginative seaside estates.
Blending clean modern lines with the warmth of a classic seaside retreat, this stunning North Shore coastal home was designed to feel both elevated and inviting.
Set across thirty acres of rolling lawns, wooded trails, and contemporary outdoor art, deCordova Sculpture Park and Museum invites visitors to experience art in the landscape.
James Beard Award-winning chef and restaurateur Karen Akunowicz has become known for her bold, Italian-inspired cooking and unmistakable culinary voice.
Just a short drive from Newport, the Norman Bird Sanctuary spans 300 acres of fields, forests, and coastal trails with sweeping views and more than six miles of hiking paths.
Jarren Duran singled home the winning run to cap a three-run rally in the 10th inning, and the Red Sox finished a four-game sweep of the rival Yankees with a 5-4 victory Sunday night.
Jake Bennett held New York to one run in 6 1/3 innings, Masataka Yoshida hit a leadoff home run off Gerrit Cole and the Boston Red Sox beat the Yankees for the third straight day, 4-1 on Saturday.
Payton Tolle took a perfect game into the sixth inning and the Boston Red Sox beat the New York Yankees 6-1 on Friday night.
France forward Ousmane Dembélé scored a first-half hat trick to help his team beat Norway 4-1 at the World Cup on Friday.
Caleb Durbin broke a tie with a two-run homer in the fifth inning and the Boston Red Sox beat the New York Yankees 6-3 on Thursday night.
Haggis is not on the menu in Boston for the World Cup, despite what Gov. Healey told Scotland supporters in a lighthearted social media video.
There have been multiple sightings of a black bear in some unusual locations on the seacoast of New Hampshire and in southern Maine.
There's a smelly situation on the beach in Provincetown, Massachusetts after thousands of squid washed up on shore
Have you ever wondered where all the fish in the New England Aquarium come from? The answer is just down the road in Quincy.
Hopkinton, Massachusetts police are investigating video of a "suspicious" person walking into the middle of a road at night in front of a car.