MoneyWatch

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, …

As the Kansas City Chiefs took on the San Francisco 49ers in Sunday’s Super Bowlthriller, some of the world’s top brands also sought to score points with viewers. Here are the best and worst commercials that aired in the 2024 game, according to experts. The best-ranked ads included spots from Google, Dove and CeraVe, according to Northwestern University’s Kellogg School …

Thousands of Uber, Lyft and DoorDash drivers turned off their apps Wednesday in a Valentine’s Day demonstration to demand better pay and working conditions, organizers of the protest said. “We are turning our apps off to get their attention, they are going to have to give up some of that piece they are taking,” Carlos Pelayo, 69, a substitute high …

Gold has long been considered a smart investment for many, regardless of age or investor profile. But interest in investing in the precious metal has surged in recent months and years, hitting an 11-year high last fall. And it’s easy to understand why: An ability to hedge against inflation and diversify portfolios has made gold especially attractive in today’s inflationary …

Saving money is an important part of a solid financial plan — and that’s true for nearly everyone. After all, there’s no way to tell when the next emergency might happen, and when it does, you may need to dip into your savings account to ease the financial burden it causes. Then again, saving money is challenging. You have to …

These days, you don’t have to look hard to find a good opportunity to maximize the returns on savings. With nearly a dozen rate hikes by the Federal Reserve over the last two years, the interest rates offered on interest-bearing accounts, like high-yield savings accounts and certificates of deposit (CDs), are some of the highest we’ve seen in recent years. …