skynesher Bond investors are watching as the Federal Reserve raises interest rates for the first time since 2018 to combat surging prices. Annual inflation rose by 7.9% in February, a new 40-year high, affecting everyday costs like groceries, housing and gasoline. The central bank’s quarter-point increase on Wednesday may set the stage for future hikes,
Personal finance
Forty-eight percent of respondents told Kind Traveler their greatest challenge in traveling sustainably is finding accommodations that are both “sustainable and socially conscious.” Klaus Vedfelt | Digitalvision | Getty Images Everyone likes a bargain when it comes to booking travel, but many also want the money they spend to do some good where they’re headed,
A woman wearing a protective mask walks past the New York Stock Exchange on March 12, 2020 in New York City. Pablo Monsalve | VIEWpress | Corbis via Getty Images Two years ago, on March 16, 2020, stock markets suffered a one-day 12% drop. From Feb. 19 to March 23 of that year, when the
Yongyuan | E+ | Getty Images Workers who save in a 401(k) plan offered by a small business pay fees that are twice as high as those paid by employees who work at the largest companies in the U.S. The smallest workplace retirement plans (those with less than $25 million in aggregate savings) charge total
In this article AVD Pixelfit | E+ | Getty Images Vanguard Group and its executives created big tax bills for some investors in its target-date funds, amounting to hundreds of millions of dollars in aggregate, according to a lawsuit filed Monday. The lawsuit, filed in a Pennsylvania federal court by three investors, claims the investment
In this article CHKP As the Russia-Ukraine war continues to escalate, cybersecurity attacks have become a very real threat around the world. The number of cyberattacks being waged by both countries since the outbreak of the conflict is “staggering,” according to the research arm of Check Point Software Technologies. “The problem is kinetic warfare is
In this article WFC A shopper bags fruit inside a supermarket in Chevy Chase, Maryland, on Feb. 7, 2022. Mandel Ngan | Afp | Getty Images Inflation is costing the average U.S. household an additional $296 per month, a Moody’s Analytics analysis found. The figure is based on the latest reading on consumer prices, which
Tom Brady of the Tampa Bay Buccaneers waves to fans at Raymond James Stadium in Tampa, Florida, on Sept. 9, 2021. Julio Aguilar | Getty Images Tom Brady sat on the sidelines for only 40 days before deciding to end his retirement from pro football. It is possible that more retired workers could do the
The Federal Reserve is expected to raise rates Wednesday as they look to contain soaring inflation. The first quarter-point increase in the federal funds rate in three years will likely lay the groundwork for additional hikes to follow. “The cumulative effect of rate hikes is what is really going to have an impact on the economy and
Sevdha Thompson, digital producer of marketing for Coalition Technologies, spent a few weeks working in Costa Rica last year. Courtesy: Sevdha Thompson Millions of Americans are quitting their jobs and rethinking what they want when it comes to work and work-life balance. Companies are responding, meeting their employees’ needs in areas like remote work, flexible hours,
Signage outside the Internal Revenue Service (IRS) headquarters in Washington, D.C. Bloomberg | Bloomberg | Getty Images The IRS plans to hire 10,000 workers to tackle a massive backlog of more than 20 million unprocessed returns, including filings from previous years. They hope to fill 5,000 open positions in the coming months, with another 5,000
Anchiy | E+ | Getty Images There’s been a wave of state-level tax cuts spurred by budget surpluses, and more breaks may be coming, according to policy experts. “States have a lot of revenue on hand and they are looking to return it to taxpayers,” said Katherine Loughead, senior policy analyst at the Tax Foundation.