IRS announces changes impacting catch-up contributions

Eligible Americans saving for retirement can continue catch-up contributions on a pretax basis through 2025.

American Airlines slapped with record-breaking $4.1M penalty for stranding passengers on delayed flights

The federal government is fining American Airlines $4.1 million for dozens of instances in which passengers were kept on board planes without a chance to exit during long ground delays.

Options for new cars under $20,000 limited to a single choice

Just five years ago, a price-conscious auto shopper in the United States could choose from among a dozen new small cars selling for under $20,000. Now, there’s just one.

Looming UAW strike could cost US economy more than $5B in just 10 days

If the United Auto Workers decides to strike against the "Big Three" Detroit automakers when the current contract expires next month, it could cost the U.S. economy more than $5 billion.

Gas prices fire up as summer draws to a close: AAA

The national average price for a gallon of gas increased this week despite a decrease in oil prices, AAA reported. But severe weather could have a major impact on gas prices in the weeks to come.

Shopper shocked by nearly $2,800 grocery bill: ‘Panic mode’

An Ohio woman was shocked when what was meant to be a routine order for a few hundred dollars of groceries from Kroger turned into a nearly $2,800 bill.

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.

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.

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

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.

Mega Millions jackpot jumps to $820 million

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