Money

The Federal Reserve reinforced its fight against high inflation Wednesday by raising its key interest rate by a quarter-point to the highest level in 16 years.

Bank deposits fell by $76.2 billion in April, following the highly publicized closures of Silicon Valley Bank (SVB) and other tech-focused financial institutions. Moreover, high interest rates continue to put pressure on both banks and consumers.

The Education Department has notified student loan servicers to prepare for an end to the COVID-19 student loan payment pause.

San Francisco-based First Republic is the third midsize bank to fail in two months and is the second-biggest bank failure in U.S. history.

Faced with high prices and interest rates, consumers have begun reining in their spending.

The national average cost for a gallon of gas dropped by five cents from last week to $3.68, reflecting a dip in oil prices, AAA said.

The Fed is expected to raise interest rates by 25 basis points again in May, according to a poll of economists. This is what you need to know.

Pandemic lockdowns ended many early relationships and led to a dramatic decline in dating overall, resulting in “the engagement gap that we’re still seeing today," industry executives said.

'They think they’re better than you, smarter than you, more capable than you,' one manager said of Gen Z workers.

Roughly 80% of American drivers surveyed can't identify the factors used to determine car insurance rate, a survey by the Zebra said. This knowledge gap could be costing them on their auto insurance premiums.

A new study found that in 16 of the 100 largest U.S. metros, a family of three earning a $100,000 annual income would spend more on the basics than what they earn. California cities made up half of the list.

The Supreme Court of the United States (SCOTUS) has declined to block a $6 billion student loan settlement involving more than 200,000 students who accused their schools of fraudulent activity. But not all borrowers qualify for relief. Here’s what you need to know.

Meanwhile, American women expect far less than men when it comes to salary in a new job offer, according to the new Federal Reserve data.

The average American has a 78% chance of covering estimated retirement expenses in a down market, according to Fidelity's 2023 Retirement Savings Assessment. Here’s what you need to know.

The average negative equity value of auto trade-ins was $5,341 in the fourth quarter of 2022, up 29% from the previous year, according to Edmunds.

The IRS has been tasked with looking into how to create a government-operated electronic free-file tax return system for all.