By Matt Egan, CNN New York (CNN) — Federal regulators finalized a rule on Tuesday to cap most credit card late fees at $8 as part of a broader push by the Biden administration to eliminate junk fees. The Consumer Financial Protection Bureau estimates the new regulation, first proposed in February 2023, will save families more
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A look at recently recalled products.
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The Better Business Bureau is warning people to watch out for fakes when shopping for team gear and sports memorabilia around the Super Bowl.
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By Alicia Wallace, CNN New York (CNN) — Americans have slowed down some of their spending and expect to pull back a little more, but paying down debt — and still having some fun — remain priorities. The median increase in monthly household spending slowed to 5.01% in December 2023, from 5.5% in August 2023
Continue ReadingBy CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — A top Federal Reserve official said Tuesday that he is increasingly confident that inflation will continue falling this year back to the Fed’s 2% target level, after two years of accelerating price spikes that hurt millions of American households. The official, Christopher Waller, an influential member
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The Ford Motor Company has recalled over 112,000 F-150 pick-up trucks that could roll away when parked.
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By Bryan Mena, CNN Washington, DC (CNN) — The Federal Reserve said Wednesday it will hold interest rates steady at a 22-year high for the third consecutive meeting, as US economic growth slows and investors look toward the beginning of rate cuts sometime next year. The Fed has raised rates 11 times since March 2022 to combat high inflation, which
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The minimum wage in Missouri will go up on Jan. 1.
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Missouri’s minimum wage is increasing by 30 cents in 2024 from $12 to $12.30 per hour — the first time it will be based on inflation instead of a voter-approved amount in five years.
Continue Reading By Anna Bahney, CNN Washington, DC (CNN) — New home sales in the United States fell in October as typical mortgage rates reached their highest levels this year. Sales of newly constructed homes fell 5.6% in October to a seasonally adjusted annual rate of 679,000, from a revised rate of 719,000 in September, according to
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Peaches, plums and nectarines made by HMC Farms have been recalled by the Centers for Disease Control and Prevention due to a listeria outbreak.
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The average cost for a Thanksgiving dinner is still considered high, but the American Farm Bureau reports prices are down slightly from last year.
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COLUMBIA, Mo. (KMIZ) The Boone County Commission is working with other counties across Missouri to draft a new version of a law that would provide a property tax freeze for retired residents. A state law allowing a property tax freeze for seniors went into effect Aug. 28. The freeze has to be put into effect by county
Continue Reading By Chris Isidore, CNN New York (CNN) — Nearly 900,000 Americans sitting down to Thanksgiving dinner this week will have unions – and the double-digit pay increases they won – to thank. That’s how many unionized workers have won immediate pay hikes of 10% or more in just the last year, according to an analysis
Continue ReadingBy CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — Federal Reserve officials concluded earlier this month that inflation was steadily falling and agreed to closely monitor incoming data to ensure that the pace of price increases would continue slowing toward their 2% target, according to the minutes of their meeting. As a result, the policymakers
Continue ReadingBy WAYNE PARRY Associated Press TRENTON, N.J. (AP) — New Jersey is prohibiting the sale of new gasoline-powered vehicles by 2035 as part of an effort to improve air quality and reduce planet-warming pollutants. The state will start limiting the amount of new gasoline-powered cars that can be sold in New Jersey starting in 2027,
Continue Reading By Parija Kavilanz, CNN New York (CNN) — Black Friday, for plenty of people, will mark a day of relaxation after family and friends gather around a traditional turkey dinner the night before. For serious deal hunters, however, there will be no rest. The day after Thanksgiving historically has marked the start of the holiday
Continue ReadingBy FATIMA HUSSEIN Associated Press WASHINGTON (AP) — Users of Venmo, Cash App and other payment apps will get a bit of a tax reprieve this year. The IRS announced on Tuesday that it will delay implementing its $600 tax reporting requirement that was to take effect for the 2023 tax filing season. Instead, now
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By Jeanne Sahadi, CNN New York (CNN) — For the second year in a row, the IRS has decided to postpone implementation of a rule change that would affect tax filers who receive business income for their goods and services via payment apps and online marketplaces like Venmo, CashApp, Etsy and Airbnb, among others. The
Continue Reading By Danielle Wiener-Bronner, CNN New York (CNN) — As you make your way down the grocery aisle, maybe picking up supplies for apple pie, you might notice something interesting. The price of flour, sugar and butter? Up. But the price of apples? Way down. From September to October, adjusting for seasonal swings, flour prices rose
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