MoneyWatch

Inflation may be rapidly cooling, but there’s one area that continues to eat away at Americans’ budgets: Stubbornly high food prices. Rising food costs were one contributor to the hotter-than-expected inflation report on Tuesday, with food prices rising 0.4% in January from December, a faster pace than the overall 0.3% rise in the Consumer Price Index (CPI). The CPI, a …

Stocks slumped on Tuesday after a government report showed that inflation last month remained stubbornly high, a setback for investors betting that the Federal Reserve could cut its benchmark interest rate as soon as March. The Dow Jones Industrial Average fell more than 700 points in afternoon trade before regaining ground to close down 525 points, or 1.4%, at 38,273. …

While the inflation rate has dropped significantly from its peak of 9.1% in June 2022, it appears that we may not be out of the woods just yet. The latest inflation report, released today, shows that inflation ticked back up again in January, with consumer prices rising by 3.1% from a year earlier. That’s slightly higher than the forecasted figure …

In a rundown of the most-watched broadcasts in history, Super Bowl games make up nearly all of the top 30. More people watched the Kansas City Chiefs win their second straight Super Bowl than have watched the big game in any previous year,with Taylor Swift and Usher bringing their fansto help drive record ratings for the 2024 NFL championship. But …

The U.S. inflation report released Tuesday showed that consumer prices are still growing. The report points out that prices in January were 3.1% higher than they were one year earlier; economists expected consumer prices to grow at a 2.9% rate. The current inflation rate plays a significant role in the returns you can earn on deposit accounts. That’s because when …

DoorDash is gifting one lucky Super Bowl fan nearly half a million dollars’ worth of gifts such as cars, gift cards and phones seen during this year’s game. The delivery service on Monday will pick a winner for its “All the Ads” Super Bowl sweepstakes, showering one lucky football fan with up to $480,000 in gifts from the game’s advertisers, …

Tax time is here, and as such, you may be wondering if you should shell out hundreds of dollars or more to have a professional file your taxes for you. After all, there are several resources online and some of those resources are free. The complexities of the U.S. tax code may make it difficult to navigate, though. And if …

In today’s economic landscape, many people are looking for alternative investment strategies to help safeguard their retirement funds. And, that makes sense. All it takes is a sudden downturn in the stock market or an unexpected economic shift to have a big impact on your retirement savings — and if you aren’t careful, you could end up losing a lot …

The inflation report for January is official and the verdict isn’t great. While inflation was lower in January than it was in December, it was still at 3.1% year over year — above many predictions of 2.9% and more than a point above the Federal Reserve’s target goal of 2%. That means borrowers will likely need to wait a bit …

Those who were hoping for an end to inflation — and high interest rates — may have to wait a bit longer. That was the sentiment early Tuesday after the latest inflation report showed inflation rising 3.1% year over year. While that January rise was lower than December’s 3.4%, it was still a move in the wrong direction, strongly indicating …