2 US cities make 2021 top 10 list of most expensive cities in the world

Every year, the Economist Intelligence Unit (EIU) compares nearly 200 cities around the world for general costs of goods and services and determines the most expensive cities to live in. This year, two U.S. cities made the cut.

What is a personal line of credit?

A personal line of credit is a type of revolving credit that can be used to cover expenses like home renovations. Here’s what you need to know before applying.

US unemployment claims rise by 28,000, but still low at 222,000

U.S. unemployment claims climbed by 28,000 last week to 222,000, even though the U.S. job market has been rebounding from the coronavirus recession.

Fed prepared to raise interest rates if inflation continues to surge

The Fed could be looking at a rate hike sooner than expected if inflation continues to surge. The latest FOMC meeting minutes indicate that Fed members are discussing the possibility of raising rates.

Holiday shoppers plan to spend nearly $1,000 this year, survey finds: 3 tips to avoid overspending

Consumers plan to spend $998 this holiday shopping season, according to a National Retail Federation (NRF) survey. Here's how you can overcome higher prices amid shipping delays and labor shortages to take advantage of holiday sales.

Economists: expect inflation to stick around, but it’s not time to panic

On Tuesday, the U.S. Treasury Secretary and Chairman of the Federal Reserve testified in front of a Senate committee commenting on rising inflation rates.

Biden promotes infrastructure law, pushes social spending during Minnesota visit

President Joe Biden used his first trip to Minnesota as president to promote the recently passed $1.2 trillion infrastructure law and to press Congress for an even bigger climate change and social spending package.

Powell says Federal Reserve may accelerate pullback in economic support

Chair Jerome Powell said that the Federal Reserve will consider acting more quickly to dial back its ultra-low-interest rate policies to counter higher inflation.

Democrats push Biden to cancel student loans after House passes Build Back Better

Progressive lawmakers are calling on President Biden to cancel student loan debt as some Americans have qualified for forgiveness under borrower defense, total and permanent disability (TPD) discharges and a limited PSLF waiver.

Expanded child tax credit would permanently reduce child poverty, CBPP finds

Build Back Better would make the Child Tax Credit permanently available to low-income families. But the trillion-dollar spending plan faces hurdles in Congress before it can be signed into law.

Biden to discuss plans to alleviate supply chain woes, inflation ahead of holidays

Rising inflation is leading to price increases for millions around the world, forcing people to choose between digging deeper into their pockets or tightening their belts.

Strong Cyber Monday sales expected but could fall short of 2020 spending

Both Black Friday and Thanksgiving Day online shopping came in below Adobe's prediction. On Black Friday, online sales reached $8.9 billion, down from the $9 billion in 2020.