Tag Archives: MoneyWatch

The Federal Reserve’s preferred inflation gauge ticked higher in January, a sign that price pressures remain entrenched in the U.S. economy and could lead the Fed to keep raising interest rates well into this year. Friday’s report from the Commerce Department showed that consumer prices rose 0.6% from December to …

Some of the safest and most reliable cars to buy in 2023 are gas-electric hybrids from foreign automakers like Nissan and Toyota, according to Consumer Reports’ “Best Cars of the Year” ranking. Consumer Reports bases its annual list on scores compiled in a variety of categories, including road-test performance, reliability, …

It was Greta Rolli’s younger sister who first introduced her to TikTok in late 2019. Together, the two would fill their time by recording themselves singing and dancing in their living room as coronavirus pandemic restrictions tightened across the country.   “I didn’t have much of a following — it was …

Walmart said it’s giving U.S. workers pay raises next month, increasing starting wages to between $14 and $19 an hour. Company President CEO John Furner told employees in a memo Tuesday that the pay raises will be reflected in their March 2 paychecks and will come through a combination of …

Trader Joe’s customers in New York filed two separate class-action lawsuits against the company this week, alleging that the grocery store chain failed to warn customers about heavy metals found in its dark chocolate. One lawsuit argues that Trader Joe’s should have known there were traces of cadmium and lead …

Southwest Airlines canceled thousands more flights early Thursday as the beleaguered carrier struggled to recover from a massive winter storm that has angered passengers, raised questions about its preparedness and drawn scrutiny in Washington, D.C. As of 9:47 a.m. Eastern time Southwest had scrubbed more than 2,360 flights, or 58% …

Millions of Americans gained Medicaid coverage during the pandemic. Starting next year, millions are likely to lose it. The mammoth spending bill passed by Congress would allow states to kick some people off Medicaid starting in April. Millions would become uninsured, according to estimates from the administration and several health …

The unusually rapid start to the winter cold-and-flu season has parents stocking up on Children’s Tylenol and other pediatric medications, leading major pharmacy chains to limit purchases of the products.   The moves come amid a spike in respiratory illnesses among children, with the country facing a “tripledemic” with cases …

The Federal Reserve has raised interest rates for the seventh time this year, while signaling that it is moving more cautiously as the U.S. economy slows. The Fed’s rate-setting committee hiked its benchmark rate by 0.5 percentage point on Wednesday, lifting its target rate into a range between 4.25% and …

With 2022 drawing to a close, the IRS is alerting Americans so they can avoid a potentially nasty surprise when they pay taxes next year.  Starting in 2023, more people who made money on eBay, Etsy, Poshmark, Uber or other digital platforms will have their income reported to the Internal …