RECALL ROUNDUP: Toshiba laptop adapters, gun safes and Hyundai Genesis vehicles recalled
A look at recently recalled products.
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Avoid scams when shopping for Super Bowl merchandise
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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Americans are pulling back on their spending, but debt remains top of mind
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 ReadingTop Federal Reserve official says inflation fight seems nearly won, with rate cuts coming
By 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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RECALL ROUNDUP: Regulators recall Ford F-150 trucks and at-home massagers
The Ford Motor Company has recalled over 112,000 F-150 pick-up trucks that could roll away when parked.
Continue ReadingThe Fed holds interest rates steady for third consecutive time
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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QUESTION OF THE DAY: Should the minimum wage be higher?
The minimum wage in Missouri will go up on Jan. 1.
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Missouri minimum wage will increase in 2024 with cost of living
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 New home sales fell last month as mortgage rates hit 2023 high
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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RECALL ROUNDUP: Federal regulators recall fruits, children’s pain medication, Hy-Vee turkey gravy and helium tanks
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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Cost of food and gas both down this Thanksgiving compared to 2022
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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Boone County Commissioners pass on senior property tax freeze
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 Unions are the strongest in decades. Nearly a million Americans got double-digit raises as a result
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 ReadingFederal Reserve minutes: Officials saw inflation slowing but will monitor data to ensure progress
By 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 ReadingNew Jersey banning sale of new gasoline-powered vehicles by 2035
By 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 Holiday shopping: Month-long sale season may dilute the impact of Black Friday
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 ReadingIRS delays reporting rules for users of Venmo, Cash App and other payment apps
By 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
Continue ReadingIRS postpones rule change on digital payment reporting for small businesses and side hustles
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 October is prime apple season. Why did prices plunge?
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
Continue ReadingWhy Small Business Saturday is a hit with holiday shoppers
By Eva Rothenberg, CNN New York (CNN) — While retail giants like Amazon and Walmart hope for big profits from Black Friday, the less-heralded Small Business Saturday is looking to continue its winning streak for the nearly 32 million small businesses riding a wave of enthusiastic consumer spending and robust government investment. According to a
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