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Money

News related to money, savings and the economy.

Burger King cook who didn't miss work for 27 years gets $400K in online donations to retire after viral post

Burger King cook who didn't miss work for 27 years gets $400K in online donations to retire after viral post

A Burger King employee received almost half a million dollars through GoFundMe in response to a video of him commemorating 27 years without missing a day of work, a feat that many felt his company did not appropriately celebrate.

August 12, 2023 9:27pm EDT
FTX founder Sam Bankman-Fried jailed; judge says crypto mogul tampered with witnesses

FTX founder Sam Bankman-Fried jailed; judge says crypto mogul tampered with witnesses

FTX founder Sam Bankman-Fried has been sent to jail after a bail hearing in New York City.

August 11, 2023 4:33pm EDT
Layoffs begin in the film industry as Hollywood strikes continue

Layoffs begin in the film industry as Hollywood strikes continue

Some businesses haven't had a customer in months, while other companies are concerned about bankruptcy if the strikes continue.

August 10, 2023 12:08pm EDT
Credit card debt set to hit $1T as inflation continues squeezing Americans

Credit card debt set to hit $1T as inflation continues squeezing Americans

Americans are drowning in credit card debt as stubborn inflation makes the cost of everyday necessities more expensive. 

August 8, 2023 2:03pm EDT
Back-to-school shopping to cost Americans more than ever amid inflation spike

Back-to-school shopping to cost Americans more than ever amid inflation spike

Back-to-school shopping is expected to cost Americans a record amount this year, as shoppers face high inflation across the country.

August 7, 2023 1:49pm EDT
Connecticut man allegedly cheated Home Depot with $300,000 door-return scam

Connecticut man allegedly cheated Home Depot with $300,000 door-return scam

A Connecticut man allegedly defrauded Home Depot of nearly $300,000 with a non-receipted return scheme, federal prosecutors say.

August 6, 2023 2:44pm EDT
Mega Millions jackpot soars again after 31 drawings with no winner

Mega Millions jackpot soars again after 31 drawings with no winner

The last time someone won the Mega Millions jackpot was April 18.

August 5, 2023 9:15am EDT
The US government's debt has been downgraded. Here's what you need to know

The US government's debt has been downgraded. Here's what you need to know

The downgrade may have little impact on financial markets long-term or on the interest rates the U.S. government will pay.

August 3, 2023 9:32am EDT
CVS to lay off 5,000 employees as it seeks to cut costs

CVS to lay off 5,000 employees as it seeks to cut costs

The Rhode Island-based pharmacy giant said in a statement that it is eliminating "a number of non-customer facing positions" throughout the company

August 1, 2023 12:46pm EDT
Federal Reserve raises key interest rate for 11th time by a quarter-point in effort to slow inflation

Federal Reserve raises key interest rate for 11th time by a quarter-point in effort to slow inflation

The Federal Reserve raised its key interest rate Wednesday for the 11th time in 17 months, a streak of hikes that are intended to curb inflation but that also carry the risk of going too far and triggering a recession.

July 26, 2023 6:28pm EDT
Mega Millions jackpot jumps to $820 million

Mega Millions jackpot jumps to $820 million

Tuesday's drawing is now the fifth largest Mega Millions jackpot in the history of the game.

July 22, 2023 9:11am EDT
Walmart offering free financial literacy classes for anyone

Walmart offering free financial literacy classes for anyone

Managing money is an essential life skill that many Americans don’t learn growing up, yet alone master.

July 19, 2023 11:00am EDT
Mega Millions jackpot grows to 5th largest in history

Mega Millions jackpot grows to 5th largest in history

Friday's Mega Millions drawing is now the fifth largest in history.

July 19, 2023 10:50am EDT
Powerball: What you need to know before you play for $1B jackpot

Powerball: What you need to know before you play for $1B jackpot

The new jackpot for Wednesday’s drawing would be the seventh highest in U.S. history and the third largest for Powerball.

July 18, 2023 7:33pm EDT
27K borrowers eligible for student loan relief in Michigan

27K borrowers eligible for student loan relief in Michigan

The program from the president adds up to about $1.26 billion in loan forgiveness in Michigan alone.

July 18, 2023 6:31pm EDT
Princess Diana's iconic sheep sweater up for auction

Princess Diana's iconic sheep sweater up for auction

The playfully patterned wool jumper featuring a single black sheep amid a pattern of white ones headlines Sotheby’s online Fashion Icons sale in September.

July 17, 2023 12:53pm EDT
Mega Millions jackpot hits $640 million, seventh highest in game’s history

Mega Millions jackpot hits $640 million, seventh highest in game’s history

There was no big winner in Friday night's Mega Millions drawing.

July 15, 2023 9:10am EDT
Biden admin cancels $39B in student loan debt for 800,000-plus borrowers

Biden admin cancels $39B in student loan debt for 800,000-plus borrowers

The administration says the new round of student loan forgiveness address “historical inaccuracies" in counting payments that qualify toward income-driven repayment plans.

July 14, 2023 11:04am EDT
'SAVE' plan: What to know about Biden's alternate approach to cut student loan debt

'SAVE' plan: What to know about Biden's alternate approach to cut student loan debt

Under the SAVE plan, the typical student loan borrower would save about $1,000 a month, the president said.

July 12, 2023 9:35am EDT
Bank of America to pay $100M to customers over fees, opening accounts without consent

Bank of America to pay $100M to customers over fees, opening accounts without consent

Are you a Bank of America customer? The bank has been ordered to pay $100 million to customers for several offenses, plus millions more in penalties.

July 11, 2023 11:14am EDT
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Hyperbaric chamber explosion: No charging decision by judge in 5-year-old's death

Hyperbaric chamber explosion: No charging decision by judge in 5-year-old's death

'I was burnt everywhere': Man sentenced to prison for lighting sleeping victim on fire in Pontiac

'I was burnt everywhere': Man sentenced to prison for lighting sleeping victim on fire in Pontiac

Sherrone Moore updates: U of M interim president discusses 'rigorous investigation' into athletics department

Sherrone Moore updates: U of M interim president discusses 'rigorous investigation' into athletics department

Michigan lawmakers propose cutting property taxes for people who don't use public schools

Michigan lawmakers propose cutting property taxes for people who don't use public schools

Domestic violence caught on camera leads to arrest in Oakland County

Domestic violence caught on camera leads to arrest in Oakland County

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Macomb flooding mystery solved after crews discover sandbags beneath culvert

Sandbags walls behind horrible flooding in Macomb County, officials say

Luke Air Force Base lockdown lifted after reports of active shooter incident

Luke Air Force Base lockdown lifted

The 'Patriot Games': What we know about Trump's proposed high school athletic competition

The 'Patriot Games': What we know about Trump's proposed high school athletic competition

DTE gets approval for data center in Saline Township

DTE gets approval for data center in Saline Township

Missing Kentucky girl, who was abducted 40 years ago, found alive; Mom arrested in Florida, deputies say

Missing Kentucky girl, who was abducted 40 years ago, found alive; Mom arrested in Florida, deputies say

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