Minimum wage in Los Angeles will soon increase to $16

Mayor Eric Garcetti announced that beginning July 1, the minimum wage will increase from $15 to $16.04 per hour.

Starbucks to raise menu prices to offset inflation

The Seattle-based coffee franchise had already raised prices — once in October 2021 and December 2021 — but inflation woes and labor issues have forced the company to hike prices once again.

National debt tops $30 trillion

Treasury Department data shows new milestone as government spending continues to soar

Valentine's Day 2022: Spending expected to near $24B

More than half of U.S. consumers are planning to celebrate Valentine's Day despite rising inflation.

Tax season 2022: What you need to know about filing your taxes

The IRS is requesting people to file their tax returns ahead of the April 18 deadline to avoid delays in their payments.

Expecting a tax refund from the IRS? Here's how long it could take

Nearly three-quarters of filers received a tax refund last year, with an average payment of about $2,800, the IRS said recently – a major influx of money for most households that many Americans depend on.

What parents need to know about the child tax credit
video

Dan Roccato, Credible.com personal finance expert, joins Good Day Philadelphia to discuss the latest in finance news.

Rare US silver dollar coin sold for $12M by Las Vegas man

GreatCollections Coin Auctions bought a rare silver dollar coin from a Las Vegas man for $12 million with experts saying the coin dates back to 1794.

Mega Millions jackpot reaches $421 million; drawing Friday night

At $421 million, Friday’s jackpot is creeping closer to being in Mega Millions’ 10 most valuable jackpots of all time.

Florida man wins $1M from scratch-off ticket, plans to surprise spouse: 'I haven't even told my wife yet'

"I haven't even told my wife yet," the Plant City man said. "I'm going to surprise her by walking into our house with this oversized check and when she doesn't believe me -- I'm going to tell her to check our bank account!"

Unemployment claims drop for the first time in a month

The Labor Department reported Thursday that jobless claims fell by 30,000 to 260,000 last week, slightly less than the 265,000 analysts were expecting.

How Fed interest rate hikes could impact mortgages, car loans, card rates

Will mortgage rates go up? How about car loans? Credit cards? How about those nearly invisible rates on bank CDs — any chance of getting a few dollars more?

Federal Reserve plans to raise interest rates as soon as March

The Federal Reserve signaled Wednesday that it plans to begin raising its benchmark interest rate as soon as March, a key step in reversing its pandemic-era low-rate policies that have fueled hiring and growth but also escalated inflation.

Michigan woman collects $3M lottery prize after checking spam folder

Laura Spears, 55, said she saw the e-mail that she had won the prize while looking for a missing e-mail in her spam folder.

IRS: Tax-filing season begins on Monday

Tax filing season begins Monday and the IRS is advising you to file as soon as possible.