How attacks in the Red Sea are cramping global trade; what it means for retailers
The cost to ship a standard 40-foot container from China to northern Europe has jumped from $1,500 to $4,000, according to the Kiel Institute for the World Economy in Germany.
2023 was the hottest year on record, driving up utility costs and homeowners insurance prices
Inflation and climate change lend to higher homeowners insurance rates, causing some homeowners to consider moving.
This is the #1 city for first-time homebuyers, and other hot US housing markets
After Toledo, Rochester, NY, Springfield, MA and Worcester all rank as some of the more affordable metro areas, particularly for first-time buyers.
FAFSA inflation fix scheduled for mid-March, delays award notification until spring
The Department of Education said an inflation fix to FAFSA won’t come until mid-March, further delaying financial aid award notifications.
12 states qualify for the IRS Direct File pilot program: Is yours one of them?
On top of a new IRS tax filing system, an adjustment to the child tax credit may qualify families for higher credits.
Social inflation causing insurance rates to jump, no end in sight for rising premiums in 2024
Insurance rates are rising for customers as insurers struggle to deal with claim payouts.
Bread market expected to skyrocket, make big gains by 2027
A research firm predicts that the global bread market will gain $118.37 billion in value by 2027.
Great wealth transfer is underway in US — to women
A McKinsey & Company study released in 2020 found women are set to control much of the unprecedented $30 trillion in assets held by baby boomers by the end of the decade.
Federal Reserve on track to cut rates this year: What it means for you
Experts have begun forecasting when interest rates may start easing from the strictest levels in two decades. Here’s what they’re saying and what it means for everyday Americans.
These 5 cities have the largest inflation problem: survey
Buyers are more optimistic about homebuying as average monthly mortgage payments drop to their lowest level in years.
Homeowners’ monthly mortgage payments dropped to lowest rate in years
Buyers are more optimistic about homebuying as average monthly mortgage payments drop to their lowest level in years.
Connecticut will be first state to cancel medical debt for all eligible residents
Connecticut Gov. Ned Lamont says the medical debt relief should go into effect by June.
U.S. heads toward slow recovery with 353,000 jobs added in January
Employment grew by 353,000 in January while unemployment stayed at 3.7%.
Gas prices increase in synch with oil costs and growing demand
A spike in demand as winter weather thawed and higher oil prices pushed gas prices up this week.
Borrowers meet challenges as student loans resume and servicers struggle to handle new payments
The Biden-Harris administration is withholding payments from services characterized by long wait times and inaccurate loan bills.
High grocery costs in 2024; how to save money at the store
Prices at the grocery store have been skyrocketing, forcing many to spend a good chunk of their income just to keep food on the table. So how can you save money at they store?
House approves Child Tax Credit expansion; here's what that means for you
The Child Tax Credit, in part, would boost the amount of credit as a tax refund, providing financial relief to millions of families.
Fed holds steady on interest rates, but outlook on when cuts will come remains cloudy
The Federal Reserve held the federal funds rate at a 22-year high of 5.25% to 5.5% at its January meeting on Wednesday.
Take the 'Frugal February' Challenge
Brad Allen from Drake & Associates shares tips to help improve your financial health.
Take the 'Frugal February' Challenge
Brad Allen from Drake & Associates shares tips to help improve your financial health.