MoneyWatch

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 …

If you’re a potential homebuyer who’s wondering whether it really makes sense to buy a home in today’s tough (and expensive) housing market, you certainly aren’t the only one. For starters, home prices remain elevated due to a mix of limited inventory and persistent demand. And, ongoing inflation issueshave led the Federal Reserve to keep its benchmark rate paused at …

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 …

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 …

Raytheon has for years systematically discriminated against older workers by phrasing job listings in a way that effectively rules out people over 40 as candidates or discourages them from applying for open positions at the defense contractor, a new proposed class-action lawsuit alleges. In a suit filed on Tuesday, the AARP Foundation alleges that Raytheon has violated federal and state …

Kansas City homes are among the fastest-selling in the country, with many going for more than their asking price. Imagine, then, the surprise of one area couple to find their $1 million-plus house listed for sale on Zillow for a meager $10,200. Jamey and Lauren Bertram had no plans of moving from their five-bedroom ranch home when they were alerted …