Fed raises interest rates again — here’s how it affects your wallet

Fed raises interest rates again — here’s how it affects your wallet

The Federal Reserve raised interest rates again at its July meeting, marking its second 75-basis point hike this year. Here's how that affects your wallet.

The Federal Reserve raised interest rates again at its July meeting, marking its second 75-basis point hike this year. Here's how that affects your wallet.

Southwest Airlines posts record revenue but warns of rising costs

Southwest Airlines posts record revenue but warns of rising costs

Air travel has bounced back this year from pandemic depths, and that is particularly true for Southwest’s strength in leisure travel within the United States. The Dallas carrier said ticket demand has continued in the third quarter. But costs are rising sharply, too.

Air travel has bounced back this year from pandemic depths, and that is particularly true for Southwest’s strength in leisure travel within the United States. The Dallas carrier said ticket demand has continued in the third quarter. But costs are rising sharply, too.

Gun makers made over $1B from selling AR-15-style guns over past decade, report finds

Gun makers made over $1B from selling AR-15-style guns over past decade, report finds

Firearm company CEOs testified at a congressional hearing that their products are legal and they are horrified by violence but guns themselves aren't to blame.

Firearm company CEOs testified at a congressional hearing that their products are legal and they are horrified by violence but guns themselves aren't to blame.

Sprite retiring its signature green plastic bottles after more than 60 years

Sprite retiring its signature green plastic bottles after more than 60 years

Coca-Cola will begin transitioning to the new Sprite bottles on Aug. 1 in North America. Here’s what the more environmentally-friendly packaging looks like.

Coca-Cola will begin transitioning to the new Sprite bottles on Aug. 1 in North America. Here’s what the more environmentally-friendly packaging looks like.

Spirit, Frontier abandon merger bid, paving way for JetBlue deal

Spirit, Frontier abandon merger bid, paving way for JetBlue deal

The Frontier offer was worth more than $2.6 billion in cash and stock, far short of JetBlue's all-cash bid of $3.7 billion.

The Frontier offer was worth more than $2.6 billion in cash and stock, far short of JetBlue's all-cash bid of $3.7 billion.

Fannie Mae revises GDP forecast for 2022, 2023 amid high inflation

Fannie Mae revises GDP forecast for 2022, 2023 amid high inflation

Rising inflation could push the economy into a recession sooner than economists had previously projected, according to the latest forecast from Fannie Mae.

Rising inflation could push the economy into a recession sooner than economists had previously projected, according to the latest forecast from Fannie Mae.

Biden confirms he’ll make student loans decision by end of August

Biden confirms he’ll make student loans decision by end of August

In an exchange with reporters, President Joe Biden confirmed he will soon make a decision on student loans. Here are the choices he is weighing.

In an exchange with reporters, President Joe Biden confirmed he will soon make a decision on student loans. Here are the choices he is weighing.

Best Buy opens mini ‘digital-first’ store; 7-foot display will tell you how to shop

Best Buy opens mini ‘digital-first’ store; 7-foot display will tell you how to shop

The Monroe, North Carolina, store is 5,000-square feet and tests a "digital-first shopping experience that encourages customers to do everything from shop, select your product and get advice digitally while in the store."

The Monroe, North Carolina, store is 5,000-square feet and tests a "digital-first shopping experience that encourages customers to do everything from shop, select your product and get advice digitally while in the store."

Wawa agrees to payment, security changes after 2019 data breach

Wawa agrees to payment, security changes after 2019 data breach

The Pennsylvania-based convenience store chain agreed to pay $8 million to several states over a 2019 data breach that involved some 34 million payment cards.

The Pennsylvania-based convenience store chain agreed to pay $8 million to several states over a 2019 data breach that involved some 34 million payment cards.

Many borrowers took out student loans anticipating debt forgiveness, survey says

Many borrowers took out student loans anticipating debt forgiveness, survey says

Many student loan borrowers took out loans in recent years with the belief that the Biden administration would cancel student loan debt, a recent survey said.

Many student loan borrowers took out loans in recent years with the belief that the Biden administration would cancel student loan debt, a recent survey said.

IRS working to increase audit rates for high-earning Americans

IRS working to increase audit rates for high-earning Americans

The IRS announced it will begin increasing audit rates for high-earning Americans making more than $100,000 a year.

The IRS announced it will begin increasing audit rates for high-earning Americans making more than $100,000 a year.