MoneyWatch

JetBlue Airways is eliminating a number of unprofitable routes to destinations in the U.S. and overseas as it moves to cut costs after ajudge blocked its $3.8 billion bidfor Spirit Airlines earlier this year. The airline will also completely exit Kansas City, Missouri, and Newburgh, New York. In a statement to CBS News, the JetBlue said its removal of certain …

Trader Joe’s is recalling packages of roasted and salted whole cashews after a test from the U.S. Food and Drug Administration found that at least one bag tested positive for salmonella. The cashew recall marks Trader Joe’s second major recall this month. The grocery chain earlier in Marchrecalled more than 61,000 pounds of steamed chicken soup dumplingsfor possibly containing hard …

Unilever’s ownership of quirky ice cream maker Ben & Jerry’s is coming to the end of its sometimes rocky road. The British consumer products companysaidTuesday it plans to spin off the brand as well as its other ice cream businesses. In its announcement, Unilever said the decision is based on its board’s view that the company should focus on “superior …

Update: The Fed left its benchmark interest rate unchanged. Americans are bearing the financial burden of higher costs for every type of loan, from mortgages to credit cards, after two years of interest rate hikes by the Federal Reserve. With the central bank meeting today, economists and consumers alike have one question on their minds: When will the central bank …

Today’s high-rate environment has put a lot of pressure on borrowers, and that’s especially true for credit card users. Right now, the average credit card rate hovers above 21%, which means that if you’re carrying a balance from month to month, you’re paying a lot of money in interest on what you owe. That type of interest can cause your …

If you’re trying to pay off high-interest credit card debt, the process can feel like an endless cycle of stress and mounting interest charges. And, that’s especially true right now. The Fed rate hikes that occurred over the last couple of years have caused credit card interest rates to climb, so if you’re carrying a balance from month to month, …

American homeowners are sitting on a significant sum of equity. In fact, the average homeowner has about $298,000 in equity, according to the data firm CoreLogic. That equity can be turned into cash using tools like home equity loans or HELOCs and used to renovate your home, pay off debts, or achieve other financial goals. Some homeowners even use these …

When it comes to financial investments, the timing needs to be right. If you get started too late with a certain stock, for example, you may miss out on big returns. But if you get started too early, the return on your investment may be negligible. The timing needs to be right to earn substantial returns without sacrificing capital that …

Since their beginnings in the 1950s, dollar stores have mushroomed across the U.S., sprouting up in urban and rural communities alike. But their rapid growth appears to be hitting a speed bump as their low-income customers struggle with inflation, cuts to government benefits and other problems. Dollar Tree on Wednesday said it will shutter about 15% of its Family Dollar …

With the federal funds rate paused at a 23-year high, borrowing costs are up. And, since rates are high on credit cards, you may have seen theinterest charges on your credit cardballoon recently. If higher credit card payments are impacting your budget, credit card debt forgiveness could make sense. These services typically negotiate with your credit card companies to settle …