World's richest 1% raised their wealth by $33.9 trillion in 10 years

A new analysis says the wealth of just 3,000 billionaires is “more than enough to eliminate annual poverty 22 times over.”

Here's how much you need to earn to buy a home in 2025, report shows

A recent housing report reveals that prospective homebuyers are facing obstacles to affording a home based on rising costs, which is a contributing factor to lower homeownership rates.

Hundreds of layoffs loom as LA City declares fiscal emergency

Hundreds of layoffs are on the table for LA City employees as the City Council approved a resolution declaring a state of fiscal emergency in response to decreased revenue and rising liabilities.

Oil prices could spike amid US strikes on Iran nuclear sites. What we know

Oil prices may change after the United States’ involvement in the Israel-Iran war. Some experts warn that possible retaliation by Iran could interrupt the influx of crude oil, which may harm global economies.

Here's the salary you need to be ‘financially secure’ in 2025

The new survey asked adults whether they believe that their version of the "American dream" is possible in today’s economy. Almost half said it is unlikely.

Scammers using AI to steal college financial aid: What we know

Victims of identity theft who discover loans fraudulently taken out in their names must go through months of calling colleges, the federal government and loan servicers to get the debt erased.

Chase Sapphire Reserve credit card changes: What to know

The cost to have Chase’s popular Sapphire Reserve travel credit card has increased 77% since it was introduced in 2016. Here’s what to know about the card.

Social Security's 2026 COLA: Recipients could get more money next year

Social Security recipients’ monthly checks could be higher than originally thought next year with the cost-of-living adjustment, or COLA.

Could LA see $30 minimum wage by 2028? One local union is pushing for that to happen

Unite Here Local 11 aims to boost the citywide minimum wage to $25 an hour, gradually increasing to $30 an hour by 2028 -- just as the Olympic and Paralympic Games are set to begin in the city.

California stands to lose $278 billion without undocumented workers: report

A new report has found that the economic impact of the federal government’s mass deportations in California could result in a loss of more than $278 billion for the Golden State.

Trump tariffs likely to raise appliance prices, experts say

Prices for major appliances jumped in May, and new tariffs backed by President Donald Trump are expected to push them even higher as manufacturers face rising costs for foreign-made materials.

Map: States with the best and worst tippers in 2025

On average, more than 55% of food budgets are spent on food eaten away from home, including full-service restaurants, fast food, bars, hotels and vending machines.