Fed hikes interest rate by 0.75 percentage points in bid to curb inflation

The Federal Reserve raised its benchmark interest rate by a hefty three-quarters of a point for a second straight time in its most aggressive drive in three decades to tame high inflation.

Fed set to impose another big rate hike to fight inflation

Federal Reserve Chairman Jerome Powell Wednesday will address the Fed's plans to raise interest rates until inflation falls, even if it possibly slows economic growth.

Judge throws out GOP changes to Michigan's minimum wage law in 2018

Republicans adopted petitions to raise the minimum wage to $12 an hour, but then watered down the law with a simple majority vote in 2018. A judge ruled that move unconstitutional.

Woman wins lottery, buys gift cards for strangers

“I got an expected gift and I believe in paying it forward and I wanted to pass it along,” Crystal Dunn said.

Friends of 35 years keep promise, split $361,527 lottery prize

Scott Edwards made a pact with his friend Perry Charles that they would split any big lottery wins with each other

Mega Millions jackpot soars to $530M for Tuesday’s drawing

According to the lottery’s website, July has been considered a “hot” month with two of the largest jackpots in the lottery’s 20-year history being won in that month.

Soaring inflation hits 40-year mark, and for many it feels higher

"That's the reality when you look at the numbers because when you look at the (Consumer Price Index), the numbers that jumped by a lot are basically energy prices, food prices, and housing."

US inflation reached 9.1% in June, a new 40-year high

U.S. consumer prices soared 9.1% compared with a year earlier, the government said Wednesday, the biggest 12-month increase since 1981.

US employers add a solid 372,000 jobs in sign of resilience

America’s employers shrugged off high inflation and weakening growth to add 372,000 jobs in June, a surprisingly strong gain that will likely spur the Federal Reserve to keep sharply raising interest rates.

Nearly 70% of medical debt will be removed from US credit reports

Patient advocates call the move a huge advance, but they question whether medical debt should be on credit reports at all.