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Money

News related to money, savings and the economy.

Last-minute Christmas shopping set to break records
video

Last-minute Christmas shopping set to break records

Saturday is setting up to be a record-breaking shopping day, with shoppers packing the malls and stores in such big numbers, it could potentially be busier than Black Friday.

December 23, 2023 10:45pm EST
Housing affordability plummeted to lowest level on record in 2023

Housing affordability plummeted to lowest level on record in 2023

Just a fraction of homes for sale in 2023 were affordable for the typical American

December 22, 2023 6:53pm EST
Millions of student loan borrowers still aren't making payments

Millions of student loan borrowers still aren't making payments

President Biden ended the student loan payment pause earlier this year.

December 22, 2023 4:37pm EST
Rudy Giuliani files for bankruptcy days after being ordered to pay $148 million in a defamation case

Rudy Giuliani files for bankruptcy days after being ordered to pay $148 million in a defamation case

Rudy Giuliani has filed for bankruptcy, days after being ordered to pay $148 million in a defamation lawsuit.

December 21, 2023 6:24pm EST
Gen X advised to ‘stop spending’ due to largest retirement savings wealth gap of any generation

Gen X advised to ‘stop spending’ due to largest retirement savings wealth gap of any generation

Economist argues less spending equals a 'milder’ recession.

December 21, 2023 4:30pm EST
Powerball jackpot rises to estimated $620M after no winner in December 20 drawing

Powerball jackpot rises to estimated $620M after no winner in December 20 drawing

The Powerball jackpot continues to rise after no tickets matched all six numbers Wednesday night to claim the $576 million grand prize.

December 21, 2023 1:32pm EST
2024 Social Security benefits: When to expect increases in monthly checks

2024 Social Security benefits: When to expect increases in monthly checks

The Social Security Administration announced that millions of beneficiaries will receive a 3.2% boost in benefits in 2024.

December 20, 2023 1:54pm EST
IRS to waive $1 billion in penalties for millions of taxpayers – here’s who qualifies

IRS to waive $1 billion in penalties for millions of taxpayers – here’s who qualifies

Nearly 5 million people, businesses and tax-exempt organizations — most making under $400,000 per year — will be eligible for the relief starting this week, the IRS said.

December 20, 2023 7:51am EST
Family mistakenly buys $10K in Disney+ gift cards thinking they were good for purchases in theme parks

Family mistakenly buys $10K in Disney+ gift cards thinking they were good for purchases in theme parks

A Midwest family’s Walt Disney World vacation almost took a very disappointing turn after they realized $10,000 worth of gift cards they purchased for the trip were not actually for the park.

December 19, 2023 10:45pm EST
$3.99 vase bought at Goodwill turns out to be worth over $100,000

$3.99 vase bought at Goodwill turns out to be worth over $100,000

A woman who bought a vase for $3.99 at a Virginia thrift store recently sold it for $107,000.

December 19, 2023 2:42pm EST
These are the most affordable cities to buy a home in 2024: Realtor.com

These are the most affordable cities to buy a home in 2024: Realtor.com

Realtor.com released the top 100 ranking metros for 2024, including affordable markets in the Northeast and Midwest such as Toledo, Ohio, and Rochester, New York, alongside several Southern California markets.

December 19, 2023 2:30pm EST
Biden forgives another $4.8 billion in federal student loan debt, but alternative relief plan hits a snag

Biden forgives another $4.8 billion in federal student loan debt, but alternative relief plan hits a snag

The Biden administration has forgiven a total of $132 billion in federal student loans for more than 3.6 million Americans, and all of it has bypassed the need for congressional approval.

December 18, 2023 4:12pm EST
Holiday debt hangover poised to be 'particularly nasty' this year, analyst says

Holiday debt hangover poised to be 'particularly nasty' this year, analyst says

While retail sales are strong, an industry economist is warning about about an uptick in usage for buy now, pay later services as consumers battle growing debt obligations.

December 18, 2023 8:19am EST
Costco sold $100 million in gold bars last quarter

Costco sold $100 million in gold bars last quarter

CFO Richard Galanti said in September that the gold bars are 'typically gone within a few hours.'

December 16, 2023 8:34am EST
Mortgage rates dip below 7 percent as the housing outlook brightens for 2024: Freddie Mac

Mortgage rates dip below 7 percent as the housing outlook brightens for 2024: Freddie Mac

The average 30-year fixed-rate mortgage was 6.95% for the week ending Dec. 14, according to Freddie Mac's latest Primary Mortgage Market Survey.

December 15, 2023 7:26pm EST
Gas prices on downward slide, further price drops likely: AAA

Gas prices on downward slide, further price drops likely: AAA

A downward trend in national gas prices persists ahead of holiday travel. Tepid demand and a low cost for oil are bringing drivers relief at the pump, according to AAA.

December 15, 2023 6:28pm EST
Rent prices show biggest decline in more than 3 years, Redfin report says

Rent prices show biggest decline in more than 3 years, Redfin report says

Redfin says its the biggest annual price drop in rents since 2020.

December 14, 2023 3:49pm EST
Fed decides no interest rate bump in December, indicates cuts ahead

Fed decides no interest rate bump in December, indicates cuts ahead

The Federal Reserve announced a third interest rate pause during its December meeting on Wednesday, still leaving the federal funds rate at a 22-year high of 5.25% to 5.5%.

December 14, 2023 2:28pm EST
Federal Reserve holds key interest rate steady, anticipates three rate cuts next year

Federal Reserve holds key interest rate steady, anticipates three rate cuts next year

The Federal Reserve kept its key interest rate unchanged Wednesday for a third straight time.

December 13, 2023 4:32pm EST
12 percent of retired Americans plan to return to the workforce in 2024: survey

12 percent of retired Americans plan to return to the workforce in 2024: survey

Some 12% of Americans said they planned to work again in the New Year, with 61% citing rising costs as the reason, a recent Resume Builder survey said.

December 13, 2023 2:41pm EST
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Latest News

These new, notable Delaware laws take effect (or expand) in 2026

These new, notable Delaware laws take effect (or expand) in 2026

Old City’s Commerce Street undergoes $2.7M facelift

Old City’s Commerce Street undergoes $2.7M facelift

PPD's annual Christmas Express: Santa, Mrs. Claus, the Grinch deliver gifts to Philly families

PPD's annual Christmas Express: Santa, Mrs. Claus, the Grinch deliver gifts to Philly families

New details after police pursuit in Center City leads to crash: PSP

New details after police pursuit in Center City leads to crash: PSP

Kimbrady Carriker: Suspect in 2023 mass shooting in West Philadelphia pleads guilty

Kimbrady Carriker: Suspect in 2023 mass shooting in West Philadelphia pleads guilty

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Disney on Ice: Jump In! Giveaway Rules

Suspect sought in crash that killed Uber passenger in Philadelphia: police

Suspect sought in crash that killed Uber passenger in Philadelphia: police

Man's body found partially decomposed in living room of Philadelphia home: police

Man's body found partially decomposed in living room of Philadelphia home: police

President Trump's address: What time, how to watch?

President Trump's address: What time, how to watch?

Fallen Philly Officer Andy Chan honored with heartfelt procession and funeral

Fallen Philly Officer Andy Chan honored with heartfelt procession and funeral

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