MoneyWatch

Touchdown drives and goal-line stands aren’t the only thing football fans have to worry about this season. Americans could face sharply higher prices during the 2022-23 season as ticket, food and travel costs soar, according to a new report. The findings, released Monday by Wells Fargo, show that inflation has …

The Federal Reserve has raised its benchmark interest rate faster this year than it has in decades. This has prompted many banks to raise their deposit rates. However, not all banks have been increasing rates. The nationwide savings account average yield as documented by the FDIC has only increased from 0.06% to …

Cryptocurrency lender Celsius, which declared bankruptcy last month, has dropped a request to pay a former executive $93,000 a month while it moves through legal proceedings. Celsius filed for bankruptcy in July with about $167 million in cash on hand and assets worth $4.3 billion, while owing about $4.7 billion …

The median cost of renting a home around the U.S. has hit record highs for 16 straight months, with a typical apartment in June now going for $1,876, according to Realtor.com. So should that spur renters to take the plunge into home ownership? Not necessarily. On average, first-time homebuyers could …

Senior citizens and others who rely on Social Security payments will likely receive a big cost-of-living adjustment (COLA) in early 2023, given that the annual hike is based on inflation. But the question is: How big of a boost, and will it actually offset an inflation rate that just reached …

Senate Democrats want to raise taxes on some high earners and use the money to extend the solvency of Medicare, the latest step in the party’s election-year attempt to craft a scaled-back version of the economic package that collapsed last year, Democratic aides told The Associated Press. Democrats expect to …

The Supreme Court’s overturning of Roe v. Wade has ushered in a new era of funding on both sides of the abortion debate. With the legality of abortion now up to individual states to determine — an issue long argued over by legislators and philanthropists, when it was largely theoretical …

With the dream of buying a home increasingly out of reach for many Americans, aspiring property owners may want to consider Pittsburgh. The Pennsylvania city is the best metro area in the country for first-time buyers, according to a new study. The Steel City offers a healthy mix of affordable …

Federal regulators on Wednesday slapped Twitter with a $150 million fine for allegedly misleading users about how the social media company used their personal data. From May 2013 to September 2019, Twitter collected users’ email addresses and phone numbers, saying it needed the information to secure their accounts, according to …

The U.S. is the top destination for stashing money illegally, according to a new report from a pro-tax advocacy group.  This year marks the first time the U.S. placed No. 1 on the Tax Justice Network’s Financial Secrecy Index, the UK-based organization said. The U.S. ranked above traditional tax havens …