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Money

News related to money, savings and the economy.

Powerball jackpot grows to $610 million, 8th largest prize ever

Powerball jackpot grows to $610 million, 8th largest prize ever

The next round of winning numbers will be announced Monday at 11 p.m. ET.

October 23, 2022 8:16am EDT
Student loan forgiveness: 22 million people have applied for relief, Biden says

Student loan forgiveness: 22 million people have applied for relief, Biden says

Biden said more than half of the people eligible for student loan relief have submitted their applications in the week since the website went live.

October 21, 2022 4:51pm EDT
Michigan to pay $20M to workers wrongly accused of unemployment fraud

Michigan to pay $20M to workers wrongly accused of unemployment fraud

Michigan workers who were accused of cheating the state thanks to a faulty computer system utilized by Gov. Rick Snyder's administration are eligible for their share in up to $20 million.

October 20, 2022 1:54pm EDT
Netflix to begin monetizing account sharing in early 2023

Netflix to begin monetizing account sharing in early 2023

Consumers sharing their Netflix account with family or friends outside their household will have to pay extra starting early next year.

October 19, 2022 8:38pm EDT
Taxpayers may get bigger refunds for 2023 to help keep up with inflation

Taxpayers may get bigger refunds for 2023 to help keep up with inflation

The IRS is increasing the standard deduction and tax bracket limits amid inflation.

October 19, 2022 4:00pm EDT
Cold snap is here: How to keep home heating costs down

Cold snap is here: How to keep home heating costs down

Heating oil and natural gas prices are expected to jump nearly 30% higher than last year

October 18, 2022 9:29pm EDT
Biden to release up to 15 million barrels of oil from strategic reserve

Biden to release up to 15 million barrels of oil from strategic reserve

President Joe Biden will announce the release of 15 million barrels of oil from the U.S. strategic reserve Wednesday as part of a response to recent production cuts announced by OPEC+ nations.

October 18, 2022 7:20pm EDT
Millions could still be eligible for a stimulus check - and time is running out to claim it

Millions could still be eligible for a stimulus check - and time is running out to claim it

Americans could possibly be owed a five-figure payment from the federal government.

October 17, 2022 1:45pm EDT
Social Security benefits to jump by 8.7% in 2023

Social Security benefits to jump by 8.7% in 2023

The Social Security cost-of-living adjustment means the average recipient will receive more than $140 a month starting in January.

October 13, 2022 9:28am EDT
Biden vows there will be 'consequences' for Saudi Arabia after OPEC+ cuts oil production

Biden vows there will be 'consequences' for Saudi Arabia after OPEC+ cuts oil production

President Joe Biden says there will be “consequences” for Saudi Arabia as his administration begins reevaluating the U.S. relationship with the kingdom.

October 11, 2022 9:59pm EDT
Supreme Court to hear case that could raise price of bacon, other pork products

Supreme Court to hear case that could raise price of bacon, other pork products

The case involves California's Prop 12, which says that pork sold in the state needs to come from pigs whose mothers were raised with at least 24 square feet of space.

October 11, 2022 6:44am EDT
Detroit to pay residents to complete education, enter jobforce

Detroit to pay residents to complete education, enter jobforce

The city of Detroit is announcing a unique plan to entice the unemployed and encourage job recruiters to get employees working in the Motor City.

October 10, 2022 6:51pm EDT
3rd-largest railroad union rejects deal, renewing possibility of strike

3rd-largest railroad union rejects deal, renewing possibility of strike

The third largest railroad union rejected its deal with the railroads Monday — renewing the possibility of a strike that could cripple the economy — but before that could happen both sides will return to the bargaining table.

October 10, 2022 4:46pm EDT
Biggest Social Security cost-of-living increase in decades expected this week

Biggest Social Security cost-of-living increase in decades expected this week

Roughly 70 million Americans are likely to see a notable boost in their monthly checks. Here’s what to know ahead of the expected COLA increase announcement this week.

October 10, 2022 8:01am EDT
Nobel economics prize awarded to former Fed chair Ben Bernanke, 2 other Americans

Nobel economics prize awarded to former Fed chair Ben Bernanke, 2 other Americans

The Nobel Prize winners’ research took on great real-world significance when investors sent the financial system into a panic during the fall of 2008.

October 10, 2022 7:07am EDT
Mega Millions jackpot climbs to $445M ahead of Tuesday’s drawing

Mega Millions jackpot climbs to $445M ahead of Tuesday’s drawing

If the jackpot is won, lottery officials said it would be the 12th largest jackpot in the game’s 20-year history.

October 8, 2022 5:00pm EDT
Free program gives computer training for women re-entering the workforce

Free program gives computer training for women re-entering the workforce

“It can be somebody that’s taking care of kids, somebody that stayed home to take care of loved ones, someone who stayed home for Covid," said Sherrie James, Gesher Human Services. "It can be any reason that women are re-entering the workplace.”

October 6, 2022 8:15pm EDT
Judge delays Twitter trial, gives Elon Musk more time to seal $44 billion buyout

Judge delays Twitter trial, gives Elon Musk more time to seal $44 billion buyout

A judge has delayed a looming trial between Twitter and Elon Musk.

October 6, 2022 5:53pm EDT
Parents can still claim their expanded child tax credit by Nov. 15, 2022 — here's how

Parents can still claim their expanded child tax credit by Nov. 15, 2022 — here's how

Qualifying families who didn’t file a 2021 tax return still have until mid-November 2022 to claim their remaining Child Tax Credit funds and can use this simple tool.

October 5, 2022 8:54am EDT
The Great Resignation: How much does it cost to quit your job?

The Great Resignation: How much does it cost to quit your job?

Quitting your job without a new one lined up is a daunting task, and will cost each person differently. Here are some tips for figuring out your number.

October 3, 2022 9:09am 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

'Tip of the iceberg': Eight men charged after prostitution ring busted in Oakland County

'Tip of the iceberg': Eight men charged after prostitution ring busted in Oakland County

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

Two dead after double shooting on Fenton Street in Detroit

Two dead after double shooting on Fenton Street in Detroit

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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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