US inflation surged 8.2% in September — a steeper-than-expected increase as stubbornly high rent and food costs look poised to ensure another sharp Federal Reserve interest rate hike next month.
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Social Security and Supplemental Security Income (SSI) benefits for approximately 70 million Americans will increase 8.7 percent in 2023, the Social Security Administration announced today. On average, Social Security benefits will increase by more than $140 per month starting in January.
Powerball players live to see another drawing as the jackpot surges to $421 million after there were no winners on Monday night.
Lottery players were in the running for the massive $353 million Powerball jackpot during Wednesday’s drawing. According to the Powerball website, no ticket holder won either the $2 million or $1 million prize.
US home prices are plunging at their most significant clip since the housing market cratered during the Great Recession, mortgage analytics firm Black Knight said in a report released Monday.
The Internal Revenue Service erroneously sent more than $1 billion in child tax credit payments last year to millions of Americans who weren’t eligible for the free cash, an audit showed Tuesday.
Meta, the parent company of Facebook and Instagram, said Tuesday that it had disabled a China-based network that was working to incite US political divisions on social media ahead of November’s midterm elections.
The Federal Reserve imposed the latest in a series of sharp interest rate hikes on Wednesday in a sign that policymakers aren’t backing down from an aggressive campaign to lower decades-high inflation.
The Department of Justice announced criminal charges against 47 people for their alleged roles in a $250 million fraud scheme that exploited a federally-funded child nutrition program during the COVID-19 pandemic. This marks the largest bust of Pandemic fraud to date.
Mortgage rates surged past 6% this week, the highest level since November 2008, worsening already rampant affordability concerns.
