Fed dialing back COVID-19 economic aid amid high inflation

In a statement Wednesday after its latest policy meeting, the Fed said it will start reducing its $120 billion in monthly bond purchases in the coming weeks, by $15 billion a month, though it reserved the right to change that pace.

Christian radio host gets 3 life prison terms for bilking listeners

A North Texas radio host was sentenced to three life prison sentences Monday for a Ponzi scheme in which he bilked elderly listeners out of millions of dollars.

DOJ sues to block Penguin Random House merger with Simon & Schuster

U.S. regulators filed an antitrust lawsuit seeking to block a proposed merger of publishing giants Penguin Random House and Simon & Schuster.

Oprah's Favorite Things 2021 list revealed for holiday season

Oprah Winfrey’s annual holiday gift list features items from Ciara, Jessica Alba, Chef Eric Ziebold and more.

This is the college degree that actually pays off, study finds

A new report from the Wall Street Journal found the graduate degree that's most likely to pay off in the form of higher earnings.

Los Angeles, Long Beach ports will issue fines for backlogged cargo

The Los Angeles-Long Beach port complex will start issuing fines to shipping companies if they let cargo containers stack up as the nation’s busiest twin harbors deal with an unprecedented backlog of vessels.

Consumers will spend $10 billion on Halloween this year
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Dan Roccato, Credible.com personal finance expert, joins Good Day Philadelphia to discuss the latest in business headlines.

FHFA to permanently allow desktop appraisals: How can it make the mortgage process easier?

The FHFA made desktop appraisals, a hybrid appraisal tool that allows appraisers to perform a valuation without physically visiting the home, permanent. Here's how that benefits borrowers.

Social Security payments increasing significantly in 2022, new bill could send payments higher

The Social Security Administration is seeing some changes, including increased payments to go out in 2022. Now, members of Congress are introducing a bill to save the program and expand its benefits.

US salaries grew more last quarter than they have in 2 decades

The Labor Department said Friday that pay increased 1.5% in the third quarter. That’s up sharply from 0.9% in the previous quarter.

Starbucks to raise pay to support workers, enhance recruitment efforts

The Seattle-based coffee giant said all of its U.S. workers will earn at least $15 — and up to $23 — per hour by next summer.

LA to give $1,000 no-strings-attached monthly payments to families in new guaranteed-income program

The BIG:LEAP -- Basic Income Guaranteed: Los Angeles Economic Assistance Pilot -- program will give $1,000 in direct cash payments to families each month for 12 months. The no-strings-attached payments will be given to families who were impacted by the pandemic and are living in poverty.