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Wednesday, June 15
by
ABC News
Federal Reserve hikes interest rate by 0.75%
(WASHINGTON) -- The Federal Reserve raised interest rates significantly on Wednesday, hiking it 0.75%, escalating a strategy of increased borrowing costs that aims to dial back historic inflation.The rate hike of 0.75% marks the largest increase since 1994. The dramatic rate increase follows new ...
Wednesday, June 15
by
ABC News
Biden sends letter to oil refiners blasting high profits amid record gas prices
(WASHINGTON) -- President Joe Biden on Wednesday sent a letter to seven major oil refiners blasting them for record profits amid the war in Ukraine as Americans pay record prices at the gas pump.In the letter, he informs them he has ordered Secretary of ...
Wednesday, June 15
by
ABC News
Federal Reserve expected to dramatically hike interest rate
(WASHINGTON) -- The Federal Reserve is expected to raise interest rates significantly on Wednesday, escalating a strategy of increased borrowing costs that aims to dial back historic inflation.Central bankers are expected to consider a rate hike of 0.75%, which would mark the largest increase ...
Wednesday, June 15
by
ABC News
Combination of debt payoff methods helped CEO pay off $48K student loan
(NEW YORK) -- Carmen Perez, 35, is the founder and CEO of MUCH, a millennial banking app for millennials and Gen Z. In 2016, Perez decided to get her finances together after she was sued for a student loan she took on in college. ...
Wednesday, June 15
by
Staff
Fed set for largest rate hike in decades
The Hill — The Federal Reserve is expected to announce the biggest interest rate hike since 1994 on Wednesday after an alarming inflation report and a stock market meltdown upended the central bank’s plans.The Federal Open Market Committee (FOMC), the panel of Fed ...
Wednesday, June 15
by
ABC News
US safety regulator issues warnings about certain baby rockers following 14 deaths
(NEW YORK) -- The U.S. Consumer Product Safety Commission issued warnings Tuesday after at least 14 deaths in recent years related to child rockers.The warnings covered certain Fisher-Price and Kids2 rockers, and the agency warned consumers to not let their children sleep in the ...
Wednesday, June 15
by
ABC News
Experts eye fall deals as domestic flight prices skyrocket
(NEW YORK) -- Prices for flights this summer have skyrocketed at unprecedented rates, and some travel experts say that travelers looking for deals should start planning for fall trips.Domestic flight prices have jumped by 47% since January, according to an Adobe Analytics report released ...
Wednesday, June 15
by
ABC News
After Trump exits DC hotel, celebrity chef José Andrés returns with new restaurant
(WASHINGTON) -- Celebrity chef José Andrés on Monday announced plans to open a restaurant in the Old Post Office, the Washington landmark which recently reopened as the Waldorf Astoria Washington D.C. after operating for five years as the Trump International Hotel."People of DC big ...
Wednesday, June 15
by
ABC News
Couple pens book to share how they paid off $200K of debt and quit their jobs
(NEW YORK) -- Money can be a taboo topic -- whether it's in a relationship or in your career. But one couple successfully tackled it head on to create a road map for financial freedom.Julien and Kiersten Saunders of "The Rich and Regular" blog ...
Tuesday, June 14
by
ABC News
What stagflation means and why it matters
(NEW YORK) -- For months, sky-high prices have pummeled the budgets of everyday Americans.But many have offset the damage, at least in part, with wage increases driven by high demand for workers and resilient consumer spending. In short, strong pockets of the economy have ...
Monday, June 13
by
ABC News
S&P 500 closes in bear territory as global stock selloff gains steam amid inflation
(NEW YORK) -- Global stocks tumbled and the S&P 500 closed in bear market territory Monday as fears over inflation rattle investors around the world.The S&P 500 closed down 151 points, or 3.88%, meaning it's down 21.3% since its high on Jan. 3. The ...
Monday, June 13
by
ABC News
Stores report tampon shortage as women struggle to find product
(NEW YORK) -- The latest supply shortage to hit stores in the United States is disproportionately impacting women who menstruate.Major retail chains across the country are reporting a shortage of tampon products as people have taken to social media to report their struggle to ...
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