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Money

News related to money, savings and the economy.

Here are the cities with the highest student loan delinquency rates

Here are the cities with the highest student loan delinquency rates

Millions of borrowers are paying back their student loans, but a recent report shows that some are having trouble managing their monthly payments in these cities.

November 8, 2024 3:01pm EST
Nissan to cut 9K jobs, reduce CEO's monthly pay by 50% as company faces 'severe situation'

Nissan to cut 9K jobs, reduce CEO's monthly pay by 50% as company faces 'severe situation'

Nissan President and CEO Makoto Uchida volunteered to immediately begin forfeiting half of his monthly compensation, and other executive committee members also volunteered to take pay cuts.

November 8, 2024 9:43am EST
Federal Reserve cuts its key interest rate by a quarter-point on heels of election

Federal Reserve cuts its key interest rate by a quarter-point on heels of election

The interest rate cut follows a larger half-point reduction in September, and it reflects the Federal Reserve's continued focus on supporting the job market and battling inflation.

November 7, 2024 2:51pm EST
Residents vote to lift 120-year-old ban on selling alcohol in this New Jersey town

Residents vote to lift 120-year-old ban on selling alcohol in this New Jersey town

A South Jersey town is saying 'cheers' to a new chapter, with residents voting to end a more-than-century-old ban on selling alcohol.

November 6, 2024 9:50pm EST
Inflation may be coming down but that doesn't mean prices will, expert explains

Inflation may be coming down but that doesn't mean prices will, expert explains

Allianz chief economic adviser Mohamed El-Erian warned that even though inflation has cooled significantly, prices consumers face are unlikely to decrease.

November 4, 2024 12:41pm EST
TGI Fridays files for bankruptcy, COVID-19 pandemic blamed for financial woes

TGI Fridays files for bankruptcy, COVID-19 pandemic blamed for financial woes

TGI Friday's has filed for Chapter 11 bankruptcy protection.

November 2, 2024 12:26pm EDT
Social Security November payment schedule: Here’s when beneficiaries will get their checks

Social Security November payment schedule: Here’s when beneficiaries will get their checks

It's officially November. Here's the Social Security payment schedule for the month, including when SSI beneficiaries will get paid for December ahead of time.

November 1, 2024 7:44am EDT
Man wins $1M from lottery ticket he bought with money found in parking lot

Man wins $1M from lottery ticket he bought with money found in parking lot

The winner found $20 in a parking lot outside of a Speedway in North Carolina.

October 29, 2024 4:16pm EDT
Infant care costs roughly 10% of a family's annual income in nearly all states, study finds

Infant care costs roughly 10% of a family's annual income in nearly all states, study finds

A new study reveals that child care expenses are absorbing a significant portion of family household incomes nationwide.

October 29, 2024 11:49am EDT
'90s fitness guru lost multimillion-dollar empire, delivered for Uber Eats in ‘desperation’

'90s fitness guru lost multimillion-dollar empire, delivered for Uber Eats in ‘desperation’

Susan Powter's financial downfall after building a fitness empire was due to the mismanagement of her fortune. The '90s fitness guru claimed she delivered for Uber Eats.

October 28, 2024 2:15pm EDT
New plan would cancel student loans for those with financial hardships

New plan would cancel student loans for those with financial hardships

Student loan borrowers who face steep medical bills, child care costs and other types of financial hardship could see their student loan debt erased under a new proposal.

October 25, 2024 11:50am EDT
Social Security: Here's how far the average check goes in 50 largest US cities, according to study

Social Security: Here's how far the average check goes in 50 largest US cities, according to study

Millions of Americans receive Social Security benefits and depending on where you live, the check might stretch a little more for expenses based on findings from a recent study.

October 24, 2024 1:12pm EDT
Social Security: It'll be harder to qualify for retirement benefits starting in 2025 — what to know

Social Security: It'll be harder to qualify for retirement benefits starting in 2025 — what to know

It will become slightly harder to qualify for Social Security benefits in retirement next year amid a change related to the value of a work "credit."

October 24, 2024 10:11am EDT
Biden administration forgives $4.5 million in student debt for 60,000 borrowers

Biden administration forgives $4.5 million in student debt for 60,000 borrowers

The Biden administration announced over $4 million in funding for borrowers who have met PSLF requirements.

October 22, 2024 1:38pm EDT
IRS announces higher standard deductions for 2025

IRS announces higher standard deductions for 2025

The IRS has announced higher standard deductions for U.S. taxpayers in 2025, allowing them to shield more income from taxation.

October 22, 2024 11:03am EDT
Students relying on food pantry at Camden County College that needs more donations

Students relying on food pantry at Camden County College that needs more donations

Camden County College is tackling food insecurity for students with its 'Marketplace' pantry that provides food and resources. The Marketplace operates on donations and has been experiencing low numbers of them.

October 21, 2024 5:22pm EDT
Should minimum wage be lower for workers who get tips? These 2 states will decide

Should minimum wage be lower for workers who get tips? These 2 states will decide

The amount of money tipped workers make varies depending on the state. Currently, 14 states pay the federal minimum, or just above $2 an hour for tipped workers and $7 an hour for non-tipped workers.

October 21, 2024 11:05am EDT
A growing share of Gen Z adults don't think they'll retire: only 20% are saving for it

A growing share of Gen Z adults don't think they'll retire: only 20% are saving for it

America's youngest adult generation is projected to live longer than previous generations, but few of them are preparing for a traditional retirement.

October 19, 2024 1:30pm EDT
Mortgage rates continue to climb despite cuts by the Fed: Here’s why

Mortgage rates continue to climb despite cuts by the Fed: Here’s why

Many Americans have been priced out of purchasing a home or making a move for years now amid elevated mortgage rates, sky-high home prices, and squeezed budgets due to inflation.

October 18, 2024 3:10pm EDT
SEPTA hopes rate increase will ease financial burden
video

SEPTA hopes rate increase will ease financial burden

October 17, 2024 5:25pm EDT
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Latest News

Officials seize vessel with $28M in cocaine off Miami Beach

Officials seize vessel with $28M in cocaine off Miami Beach

Philly officer hit during traffic stop before car crashes into home, officer uninjured

Philly officer hit during traffic stop before car crashes into home, officer uninjured

Philadelphia excited for 2026 FIFA World Cup: Businesses hope for summer boom

Philadelphia excited for 2026 FIFA World Cup: Businesses hope for summer boom

SEPTA strike 'imminent,' union leaders frustrated with contract talks

SEPTA strike 'imminent,' union leaders frustrated with contract talks

These states are the most vulnerable for identity theft and fraud in 2025, data suggests

These states are the most vulnerable for identity theft and fraud in 2025, data suggests

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Ocean City Council narrowly advances hotel plan for former Gillian’s Wonderland Pier

Ocean City Council narrowly advances hotel plan for former Gillian’s Wonderland Pier

Stimulus payment December 2025, IRS direct deposit relief payment & tariff dividend fact check

Stimulus payment December 2025, IRS direct deposit relief payment & tariff dividend fact check

Philly's new cruise terminal: Norwegian Cruise Lines sets sail in April

Philly's new cruise terminal: Norwegian Cruise Lines sets sail in April

Ritz crackers sold in 8 states recalled over undeclared allergen

Ritz crackers sold in 8 states recalled over undeclared allergen

3 Delaware high school students charged after loaded gun found in teen's backpack: police

3 Delaware high school students charged after loaded gun found in teen's backpack: police

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