Feds raise key interest rate to highest level in 16 years

Feds raise key interest rate to highest level in 16 years

The Federal Reserve reinforced its fight against high inflation Wednesday by raising its key interest rate by a quarter-point to the highest level in 16 years.

The Federal Reserve reinforced its fight against high inflation Wednesday by raising its key interest rate by a quarter-point to the highest level in 16 years.

Here’s why consumers' credit scores got a boost in March: Report

Here’s why consumers' credit scores got a boost in March: Report

Consumer credit scores increased from last year to an average of 701, and the percentage of consumers scored in the subprime credit

Consumer credit scores increased from last year to an average of 701, and the percentage of consumers scored in the subprime credit

3,600 LA County fast food workers are homeless, report shows

3,600 LA County fast food workers are homeless, report shows

The results published in Economic Roundtable’s study reveal 10,120 fast food workers in California are unhoused despite wages steadily increasing in recent years.

The results published in Economic Roundtable’s study reveal 10,120 fast food workers in California are unhoused despite wages steadily increasing in recent years.

Some 14 million jobs won't exist globally in 5 years, report says

Some 14 million jobs won't exist globally in 5 years, report says

Here are the jobs that will be most impacted in the years ahead, according to the new report by the World Economic Forum.

Here are the jobs that will be most impacted in the years ahead, according to the new report by the World Economic Forum.

Bank deposits fell by more than $76 billion

Bank deposits fell by more than $76 billion

Bank deposits fell by $76.2 billion in April, following the highly publicized closures of Silicon Valley Bank (SVB) and other tech-focused financial institutions. Moreover, high interest rates continue to put pressure on both banks and consumers.

Bank deposits fell by $76.2 billion in April, following the highly publicized closures of Silicon Valley Bank (SVB) and other tech-focused financial institutions. Moreover, high interest rates continue to put pressure on both banks and consumers.

California tops list of most exited states in 2022

California tops list of most exited states in 2022

California was one of the most exited states in 2022, along with Illinois, Michigan, Pennsylvania, and New Jersey, according to a new study tracking migration patterns.

California was one of the most exited states in 2022, along with Illinois, Michigan, Pennsylvania, and New Jersey, according to a new study tracking migration patterns.

$300K salary is 'new $100K' in these California cities

$300K salary is 'new $100K' in these California cities

Several California cities including Los Angeles, Long Beach, San Francisco, and Oakland all require exceptionally high salaries to feel like $100,000.

Several California cities including Los Angeles, Long Beach, San Francisco, and Oakland all require exceptionally high salaries to feel like $100,000.

First Republic Bank seized by regulators, sold to JPMorgan Chase

First Republic Bank seized by regulators, sold to JPMorgan Chase

The Federal Deposit Insurance Corporation said early Monday that First Republic Bank’s 84 branches in eight states will reopen as branches of JPMorgan Chase Bank and depositors will have full access to all of their deposits.

The Federal Deposit Insurance Corporation said early Monday that First Republic Bank’s 84 branches in eight states will reopen as branches of JPMorgan Chase Bank and depositors will have full access to all of their deposits.

What are the highest paying jobs in the US?

What are the highest paying jobs in the US?

Here are the 15 highest-paying jobs in the US along with their yearly median salaries.

Here are the 15 highest-paying jobs in the US along with their yearly median salaries.

First Republic Bank shares nosedive amid uncertainty about rescue deal

First Republic Bank shares nosedive amid uncertainty about rescue deal

Shares of First Republic Bank remain in a death spiral amid reports of uncertainty about whether the lender could see a rescue deal.

Shares of First Republic Bank remain in a death spiral amid reports of uncertainty about whether the lender could see a rescue deal.

Gas prices dip, offering consumers some relief at the pump: AAA

Gas prices dip, offering consumers some relief at the pump: AAA

The national average cost for a gallon of gas dropped by five cents from last week to $3.68, reflecting a dip in oil prices, AAA said.

The national average cost for a gallon of gas dropped by five cents from last week to $3.68, reflecting a dip in oil prices, AAA said.