The Federal Reserve raised its benchmark interest rate at the conclusion of its September meeting and signaled another increase could be on the table this year. For consumers, the moves may significantly impact borrowing costs and savings returns. Generally, short-term consumer borrowing rates closely follow the Fed’s benchmark, while longer-term loans are tied to the…
DETROIT — As President Donald Trump meets with Chinese President Xi Jinping this week, U.S. politicians as well as the global automotive industry are warning that allowing Chinese automakers to enter the market could be a Pandora’s box. Trump earlier this month said he might be “OK” letting Chinese automakers into the U.S. if they…
Workers apply roofing material to a home under construction at the Lilac Ridge community by Lennar Homes in Vacaville, California, US, on Tuesday, July 14, 2026. David Paul Morris | Bloomberg | Getty Images Rep. Haley Stevens, D-Mich., on Wednesday introduced a new bill that would lower Social Security‘s full retirement age for workers in…
Seizavisuals | E+ | Getty Images Americans are worried about the long-term viability of the safety net programs like Social Security and Medicare as they contend with rising costs, according to a new survey from the CFP Board. Half of advisors surveyed said they have seen clients take actions to try to manage their costs…
McDonald’s is predicting that flat traffic and higher inflation will continue to weigh on the restaurant industry, CEO Chris Kempczinski said on Wednesday. “One of the things I’ve talked to our team about is we need to stop talking about that being a difficult environment, and just say that is the environment,” Kempczinski said on…
The bond market selloff has many investors licking their wounds, but it could also be a good time to take your losses as a tax advantage. With the 10-year treasury yield hovering around 5% and bond prices falling, investors who bought bond mutual funds or ETFs when yields were lower may be sitting on unrealized…
McDonald’s on Wednesday announced new financial targets for higher operating margins, a training program to improve food quality and plans to support franchisees financially as they invest in their restaurants. It unveiled those efforts to improve its business ahead of an investor presentation that will kick off from the fast-food giant’s Chicago headquarters at 9:30…
Qantas Airways plans to start selling seats on its first nonstop between New York and Sydney next August, with flights set to launch in 2028, as the Australian carrier fills out the details for another marathon route with a special Airbus plane. The route will take about 18 hours, which puts it close to what…
The Centers for Medicare and Medicaid Services said on Tuesday it canceled roughly 315,000 Affordable Care Act marketplace enrollments covering about 760,000 people last month, alleging “rampant fraud” and improper enrollments in the program. The enforcement action also involves verifying roughly 419,000 people to ensure they are legal U.S. residents and meet the income threshold…
This aerial picture taken on July 11, 2024 shows Royal Caribbean’s “Utopia Of The Seas,” billed as the world’s largest cruise ship, docked at Port Canaveral in Cape Canaveral, Florida. Miguel J. Rodriguez Carrillo | Afp | Getty Images Royal Caribbean is nearing a $3 billion deal to take a 50% equity stake in Sandals,…