Federal Reserve raises interest rates for the first time since 2023
The Fed increased its benchmark rate by 0.25 percentage points to battle resurgent inflation driven by soaring energy prices.
Americans' incomes hit a record high in 2025. Now for the bad news.
The typical U.S. household's annual earnings have risen only 2.5% since 2019, new data from the Census Bureau shows.
Fed rate hike expected on Wednesday. See what it means for your money.
The Federal Reserve is likely to raise borrowing costs on Wednesday, and more hikes could be in store, according to economists.
AI companies must ensure their tech is safe, says top Trump adviser on AI
In an interview with CBS News, Sacks suggested that fears AI could harm people are overblown. "I think this is becoming a panic," he said.
The U.S. economy faces mounting headwinds. Here are the top risks.
Rising energy costs, persistently high inflation and mounting federal debt are clouding the outlook for the U.S. economy — and Americans' finances.
See how your income tax bracket could change for 2027
The adjustment could provide financial relief for taxpayers who find that more of their income is taxed at lower rates, a Bloomberg analysis suggests.
Here's the projected Social Security COLA for 2027, according to AARP
The official 2027 COLA will be announced on Oct. 14, but some senior citizens' groups are already forecasting the benefits bump retirees can expect.
Trump's $5,000 payments would reignite inflation, economists say
Mr. Trump's pledge to give $5,000 to Americans would stoke inflation and worsen the nation's fiscal outlook, according to economists.
Humans "close to being outsmarted" by superintelligence, AI expert says
Rapid developments in AI are prompting concerns about "superintelligence." Here's why some experts are worried.
Apple unveils new foldable iPhone and more new devices
Apple introduced the iPhone 18 at its annual tech showcase and unveiled its first foldable phone.
Apple event expected to debut foldable iPhone and new CEO John Ternus
Apple's Sept. 9 tech showcase is set to feature new CEO John Ternus unveiling its first foldable iPhone and the iPhone 18.
Goldman Sachs warns oil prices could hit $120 as U.S. fuel costs surge
Higher gas and diesel prices have cost Americans an additional $100 billion since the Iran war began, according to a Brown University tracker.
Drought, rising costs and beef import pressures squeeze Wyoming ranchers
"It's been a year that I hope we never do it again," said Lander Nicodemus, owner of Torrington Livestock Markets, which auctions about 450,000 head of cattle each year.
Sturdy stock market mints a record number of 401(k) millionaires
The number of millionaire 401(k) accounts at Fidelity reached a record 769,000 in the second quarter.
Good Good Golf CEO resigns after furor over Callaway ad
The top two executives at digital marketing company Good Good Golf are leaving after a controversial ad was panned as sexist.