MoneyWatch

There’s no question that savers have had it good for the last year or so. With the Federal Reserve keeping its benchmark rate paused at a two-decade high to temper inflation, rates on interest-bearing accounts, like high-yield savings accounts and certificates of deposit (CDs), have been much higher than they were just a couple of years ago. So, the returns …

As consumers cope with lingering inflation, CBS News is tracking the change in prices of everyday household expenses — from food at the grocery store to utilities and even rent — across the country. Drawing from a wide range of government and private data, the tracking charts below show how the cost of goods and services have changed since from …

Dallas, Detroit, Honolulu, San Francisco and Seattle are all distinctly different U.S. cities, but with one thing in common: Residents there have been hit hardest by inflation. That’s according to a study from WalletHub which compared key inflation metrics within 23 major metropolitan statistical areas in connection with the latestConsumer Price Index data, as well as CPI data from two …

The Food and Drug Administration “inadvertently archived” a whistleblower’s complaint regarding conditions at an Abbott Nutrition plant that produced powdered baby formula recalled in 2022 due to bacteria that killed two infants, an audit shows. An early 2021 email raised red flags about the plant in Sturgis, Michigan, that became the focal point of a nationwide shortage of infant formula …

Federal transportation officials are investigating how titanium sold with phony documentation made its way into parts used in making Boeing and Airbus planes. The Federal Aviation Administration and Spirit AeroSystems, a supplier of fuselages to Boeing and wings for Airbus, said Friday they are each investigating the scope and impact of the issue, which could raise potential concerns about aircraft …

Wells Fargo fired more than a dozen workers last month after allegations that the employees were faking work activity on their computers. The bank terminated the workers after investigating claims of “simulation of keyboard activity creating impression of active work,” according to a filingcited by Bloomberg News, which earlier reported the firings. The terminations were reported in disclosures filed with …

In a dreary part of downtown Atlanta, shipping containers have been transformed into an oasis for dozens of previously unsheltered people who now proudly call a former parking lot home. The gated micro community known as “The Melody” doesn’t look like a parking lot anymore. Artificial turf is spread across the asphalt. Potted plants and red Adirondack chairs abound. There’s …

Waffle House CEO Joe Rogers III says the restaurant chain is making its “single largest additional investment in our workforce” in its 68-year history by hiking base pay for servers to three bucks an hour. The raises take effect this month and follow a more than year-long campaign led by a union that represents service workers in the South. The …

Some taxpayers may not be aware that they owe the IRS a check on Monday, which could lead to their owing the agency a chunk of change come next April. More Americans are getting caught up by the issue, which involves quarterly estimated taxes, or payments made to the IRS throughout the year on income that isn’t subject to withholding. …

Pittsburgh is well-known for its steel industry and for bringing ketchup to the French fry-loving masses. As it turns out, it is also one the most affordable places in the world, according to a newstudy. In a report on international housing affordability by Chapman University and Frontier Centre for Public Policy, a Canadian think tank, Pittsburgh earned the title of …