MoneyWatch

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 …

Interest rates are high these days. Those high rates mean it’s possible to earn a strong return on deposit accounts. A popular option among these is acertificate of deposit (CD). With CDs, you commit to leaving your money in the account through its entire term. In exchange, the financial institution agrees to pay you a meaningful interest rate – one …

Inflation is falling and interest rates could soon, too. That was some of the big financial news this week after the Bureau of Labor Statistics released a report showing inflation falling in May (for the second month in a row) and the Federal Reserve elected to keep the federal funds rate unchanged. While not quite at the Fed’s 2% target …

In the history of U.S. corporate pay packages, there have been plenty of massivepayoutsworth almost $1 billion in today’s dollars. But none comes close to the $46 billion pay deal Tesla shareholders on Thursday handed to CEO Elon Musk. The results of the shareholder vote, which concluded today, were announced during Tesla’s annual meeting, prompting a standing ovation from shareholders …

The price of gold has been soaring in 2024, with prices hitting a new record high in late May. While prices have retreated a bit below the $2,400 per ounce mark since then, gold prices are still up so far this year by around 13.5% through early June, according to World Gold Council data. These recent price increases have been …

Inflation is cooling, and that’s exciting news for those who have been struggling to keep up with the growing cost of living. Today’s inflation report showed that prices grew 3.3% year over year in May. That’s down from April’s 3.4% inflation rate, which was down from March’s 3.5% rate. But, what does that mean for gold investors? Many see gold …

Interest rates are high at the moment. And, that may be good news for savers. That is, as long as those savers make wise moves with their savings. One such move is to open a $10,000 three-year certificate of deposit (CD). That’s because CDs offer fixed returns for the entire term of the account. And, with today’s interest rates being …

Merger discussions between National Amusements, which controls Paramount Global, and Skydance Media have ended without a deal. The two companies “have not been able to reach mutually acceptable terms regarding the potential transaction with Skydance Media for the acquisition of a controlling stake in NAI,” National Amusements said in a statement to CBS News. The announcement ends months of speculation …

Gas prices are falling across the nation, a pleasant surprise for U.S. drivers as fuel prices typically surge this time of year. The average price for regular unleaded gas in the U.S. was $3.44 per gallon on Monday, down roughly 9 cents from a week ago, according to AAA. That’s 19 cents less than a month ago and 14 cents …

With the Federal Reserve set to release its latest policy statement on Wednesday, inflation-weary consumers are eager to learn when the central bank might startcutting its benchmark interest rate, providing some relief from high borrowing costs. Unfortunately for consumers, the Fed is widely expected to keep rates steady amid stubbornly high inflation, which remains more than a percentage point above …