Fed raises interest rates by half-point, the most since 2000

Fed raises interest rates by half-point, the most since 2000

The Federal Reserve intensified its drive to curb the worst inflation in 40 years by raising its benchmark short-term interest rate by a sizable half-percentage point.

The Federal Reserve intensified its drive to curb the worst inflation in 40 years by raising its benchmark short-term interest rate by a sizable half-percentage point.

Biden highlights deficit progress to counter criticism on US economy

Biden highlights deficit progress to counter criticism on US economy

The president is placing a renewed emphasis on reducing the deficit — which is the gap between what the nation spends and what it takes in — in order to blunt Republican criticism.

The president is placing a renewed emphasis on reducing the deficit — which is the gap between what the nation spends and what it takes in — in order to blunt Republican criticism.

Rating agency says action on property insurance in Florida 'essential'

Rating agency says action on property insurance in Florida 'essential'

The financial-rating agency AM Best said Monday that further “action is essential” to stabilize Florida’s property-insurance market, as lawmakers prepare to grapple with the issue during a special legislative session this month.

The financial-rating agency AM Best said Monday that further “action is essential” to stabilize Florida’s property-insurance market, as lawmakers prepare to grapple with the issue during a special legislative session this month.

Kansas may phase out sales taxes on groceries. Which states still pay them?

Kansas may phase out sales taxes on groceries. Which states still pay them?

Of the 45 states that levy sales taxes, only 13 states charge any sales tax on groceries. That includes Kansas, where the current 6.5% rate is second only to Mississippi’s 7%.

Of the 45 states that levy sales taxes, only 13 states charge any sales tax on groceries. That includes Kansas, where the current 6.5% rate is second only to Mississippi’s 7%.

Democratic lawmakers push for federal crackdown on high gas prices

Democratic lawmakers push for federal crackdown on high gas prices

Democratic leaders have announced an effort to give the Federal Trade Commission increased authority to crack down on oil and gas companies that engage in price gouging.

Democratic leaders have announced an effort to give the Federal Trade Commission increased authority to crack down on oil and gas companies that engage in price gouging.

64% of employees would rather quit their jobs than return to the office full-time, survey finds

64% of employees would rather quit their jobs than return to the office full-time, survey finds

An average of 36.8% of the workforce was back in offices during the fourth week of February in 10 major U.S. cities monitored by Kastle Systems, which tracks building access-card swipes.

An average of 36.8% of the workforce was back in offices during the fourth week of February in 10 major U.S. cities monitored by Kastle Systems, which tracks building access-card swipes.

US economy shrank by 1.4% in Q1 despite solid consumer spending

US economy shrank by 1.4% in Q1 despite solid consumer spending

Despite the weak showing, most economists expect a rebound in the April-June quarter as solid hiring and wage gains sustain growth.

Despite the weak showing, most economists expect a rebound in the April-June quarter as solid hiring and wage gains sustain growth.

Voters to decide on Orange County transit sales tax in November

Voters to decide on Orange County transit sales tax in November

The decision will now be up to Orange County voters if they'll have to pay a new one cent sales tax to fund public transit projects.

The decision will now be up to Orange County voters if they'll have to pay a new one cent sales tax to fund public transit projects.

Why Biden is waiving rule on higher levels of ethanol in gas this summer

Why Biden is waiving rule on higher levels of ethanol in gas this summer

President Joe Biden says his administration will suspend a federal rule that bars higher levels of ethanol in gasoline during the summer.

President Joe Biden says his administration will suspend a federal rule that bars higher levels of ethanol in gasoline during the summer.

Deutsche Bank predicts US recession in 2023 due to Fed rate hikes

Deutsche Bank predicts US recession in 2023 due to Fed rate hikes

Deutsche Bank is the first major financial institution to predict a recession due to rising inflation and the Federal Reserve's hawkish plan to tame it.

Deutsche Bank is the first major financial institution to predict a recession due to rising inflation and the Federal Reserve's hawkish plan to tame it.

Biden ‘has not ruled out’ canceling student loan debts, White House says

Biden ‘has not ruled out’ canceling student loan debts, White House says

Press Secretary Jen Psaki made the comment the same day the Biden administration announced plans to freeze federal student loan payments through Aug. 31

Press Secretary Jen Psaki made the comment the same day the Biden administration announced plans to freeze federal student loan payments through Aug. 31

Walmart launches truck driving training program for supply-chain workers, raises driver starting pay to $95K

Walmart launches truck driving training program for supply-chain workers, raises driver starting pay to $95K

Walmart is raising its pay for its 12,000 truck drivers, with the starting salary for new drivers ranging between $95,000 and $110,000 a year. The move comes as the pandemic has caused severe trucker shortages across the country.

Walmart is raising its pay for its 12,000 truck drivers, with the starting salary for new drivers ranging between $95,000 and $110,000 a year. The move comes as the pandemic has caused severe trucker shortages across the country.