Holiday spending increased in 2022 amid high inflation

This year, holiday spending increased across online and in-store retail channels, according to a new report by Mastercard. Here’s how to pay down holiday debt quickly.

Mega Millions climbs to $640 million after no Tuesday winner

There were some second-prize winners on Tuesday night, officials said. Here were the numbers drawn and details about the next big jackpot drawing.

Holiday sales increase 7.6% despite the squeeze of inflation

U.S. sales between Nov. 1 and Dec. 24, a period that is critical for retailers, were fueled by spending at restaurants and on clothing.

Secure 2.0: How the new spending bill could affect your retirement

The retirement savings measure labeled Secure 2.0 would reset how people enroll in retirement plans. Here's how it works.

Bipartisan marijuana banking bill in peril amid year-end scramble in Congress

Known as the Secure and Fair Enforcement (SAFE) Banking Act, the bill seeks to allow legal, legitimate marijuana businesses to access financial services by creating a safe harbor for banks and credit unions.

Wall Street may get much worse in 2023 before it gets better

Many analysts expect stocks to end 2023 around their current range, if not a bit higher. But before that, much of Wall Street is also forecasting stock prices to fall sharply in the interim.

How Federal Reserve’s series of rate hikes could affect your finances

As interest rates increase, many economists say they fear a recession could happen — and with it, job losses that may cause hardship for households already badly impacted by inflation.

Fed raises key interest rate by half a point, signals more to come

The latest move will further heighten the costs of many consumer and business loans and increases the risk of a recession.

Americans say holiday gifts harder to afford

More than half of U.S. adults say it’s harder to afford the holiday gifts they want to give this year.

US alleges Bankman-Fried defrauded FTX cryptocurrency customers, investors

Samuel Bankman-Fried, 30, was arrested Monday in the Bahamas at the request of the U.S. government, which charged him with eight criminal violations.