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Money

News related to money, savings and the economy.

Biden asks Congress to block potential railroad strike

Biden asks Congress to block potential railroad strike

President Joe Biden is calling on Congress to pass legislation to intervene and block a railroad strike before next month’s deadline in the stalled contract talks.

November 28, 2022 9:04pm EST
Retiring too early could cost you $182,000 in benefits, study says

Retiring too early could cost you $182,000 in benefits, study says

A new study says that virtually all American workers between 45 and 62 should wait beyond age 65 to collect their retirement benefits, and many should wait until 70.

November 28, 2022 11:43am EST
Black Friday taking a back seat to Small Business Saturday this year

Black Friday taking a back seat to Small Business Saturday this year

Inflation is shifting consumers' and retailers' behavior.

November 24, 2022 3:29pm EST
Explainer: Why a rail strike is looming, and the wide impact it'd have on the economy

Explainer: Why a rail strike is looming, and the wide impact it'd have on the economy

American consumers and nearly every industry will be affected if freight trains grind to a halt next month. Here's what to expect.

November 22, 2022 3:06pm EST
Student loan forgiveness: What to know if you've applied for relief

Student loan forgiveness: What to know if you've applied for relief

President Joe Biden’s plan to provide up to $20,000 in federal student loan forgiveness has been blocked by two federal courts. So what happens now?

November 18, 2022 9:26am EST
Michigan Treasury Department auctioning over 800 collectible coins and gold jewelry

Michigan Treasury Department auctioning over 800 collectible coins and gold jewelry

The items range from pocket watches to silver dollars, gold necklace pendants and foreign coins.

November 17, 2022 7:10am EST
FTX bankruptcy filing: What's happening at the crypto exchange?

FTX bankruptcy filing: What's happening at the crypto exchange?

FTX is struggling to account for money that went missing hours after it filed for bankruptcy. Billions of dollars are unaccounted for right now.

November 13, 2022 7:17pm EST
Biden’s student loan forgiveness program struck down by Texas federal judge

Biden’s student loan forgiveness program struck down by Texas federal judge

President Joe Biden’s plan, announced in August, would cancel $10,000 in student loan debt for those making less than $125,000 or households with less than $250,000 in income.

November 10, 2022 8:58pm EST
Monday's Powerball jackpot jumps to a record $1.9 billion

Monday's Powerball jackpot jumps to a record $1.9 billion

There were no tickets that matched all six numbers in Saturday's drawing.

November 6, 2022 8:10am EST
In the 5 states without lotteries, a case of envy grows for $1.6B Powerball jackpot

In the 5 states without lotteries, a case of envy grows for $1.6B Powerball jackpot

The third-largest lottery prize in U.S. history has people in some U.S. states crossing state lines, hoping to get in on the action.

November 4, 2022 11:58am EDT
Powerball jackpot soars to whopping $1.5 billion, 3rd-largest in US history

Powerball jackpot soars to whopping $1.5 billion, 3rd-largest in US history

The next Powerball jackpot also comes with a cash option of $745.9 million before taxes.

November 3, 2022 8:22am EDT
Federal Reserve raises interest rate by three-quarters of a point

Federal Reserve raises interest rate by three-quarters of a point

The Fed’s move raised its key short-term rate to a range of 3.75% to 4%, its highest level in 15 years.

November 2, 2022 6:38pm EDT
Lump sum or annuity? Experts weigh in on $1.2 billion Powerball jackpot cash out options

Lump sum or annuity? Experts weigh in on $1.2 billion Powerball jackpot cash out options

Winners of giant jackpots like the one up for grabs Wednesday night nearly always take the cash, and financial advisors say that might be a mistake.

November 2, 2022 5:34pm EDT
Aldi matching 2019 Thanksgiving prices

Aldi matching 2019 Thanksgiving prices

From free turkeys to major discounts, grocery stores are prepping for a Thanksgiving set against surging inflation.

November 2, 2022 1:29pm EDT
Social Security benefits to rise by record amount in 2023: Check how much money you could receive

Social Security benefits to rise by record amount in 2023: Check how much money you could receive

More than 64 million Americans collecting Social Security will receive the bigger payments beginning in January, the administration said.

November 1, 2022 6:51am EDT
Powerball jackpot climbs to $1 billion

Powerball jackpot climbs to $1 billion

The increased jackpot will be the second-largest in U.S. history.

October 30, 2022 4:24pm EDT
Prices on new, used vehicles finally begin to creep down from inflated highs

Prices on new, used vehicles finally begin to creep down from inflated highs

Even with the average price of new and used vehicles beginning to ease, auto purchases remain unaffordable for many, with average prices still 30% to 50% above where they were in early 2020.

October 28, 2022 12:14pm EDT
Powerball jackpot grows to 2nd largest ever at $825 million for Saturday drawing

Powerball jackpot grows to 2nd largest ever at $825 million for Saturday drawing

The current jackpot ranks as the 2nd largest in Powerball history, only behind the world record $1.586 billion Powerball jackpot, and 5th largest in U.S. lottery history.

October 28, 2022 7:44am EDT
Elon Musk now in control of Twitter, fires top executives, AP sources say

Elon Musk now in control of Twitter, fires top executives, AP sources say

Elon Musk ousted Twitter CEO Parag Agrawal, as well as the chief financial officer and the company’s top lawyer, two people familiar with the deal said.

October 28, 2022 6:26am EDT
What are the 10 largest lottery jackpots ever won in the US?

What are the 10 largest lottery jackpots ever won in the US?

In 2016, three winning tickets were sold in California, Florida, and Tennessee when the jackpot was more than $1 billion.

October 27, 2022 10:19am EDT
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Child porn sting snares prominent Metro Detroiters

Child porn sting snares prominent Metro Detroiters

Child found in Detroit: What to do if you find a missing child who is non-speaking

Child found in Detroit: What to do if you find a missing child who is non-speaking

'Like squishing a grape:' Man awarded $4M after suing Clinton Township officer who punched him

'Like squishing a grape:' Man awarded $4M after suing Clinton Township officer who punched him

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

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

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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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