The Fed continues its crackdown on inflation, pushing up interest rates again
The Federal Reserve raised interest rates by half a percentage point Wednesday, which was a smaller increase than the four previous hikes.
Economy
Inflation appears to be slowing but the Fed is expected to announce another rate hike
The Federal Reserve is expected to raise interest rates by a half point Wednesday as efforts to curb inflation show progress. November's annual inflation rate was the lowest in 11 months.
Boom Supersonic announces engine partners
Boom Supersonic, the aviation startup that intends to manufacture planes at Piedmont Triad International Airport, has lined up a group of design contractors for its supersonic jet. The move comes following the pull out of its originally intended manufacturer Rolls Royce.
Inflation eases thanks to falling gasoline prices
Inflation eased in November, thanks to falling gasoline prices. Consumer prices were 7.1% higher than a year ago. The news comes on the eve of another likely interest rate hike by the Fed.
Inflation dips in November, as gasoline savings eclipse grocery price increases
A new government report shows inflation cooled a bit in November. But prices are still climbing and the Federal Reserve is preparing to raise interest rates again.
Inflation has reached the North Pole as a Santa shortage looms
Santa's services are more in demand than ever — and he and his helpers are having a hard time keeping up.
Morning news brief
Founder of cryptocurrency exchange FTX is arrested in the Bahamas. A laser facility in California says it's created net energy from nuclear fusion. And, new inflation data is released Tuesday.
Is it safe to buy now, pay later?
Buy something now, pay for it later: This idea is changing how we shop. These short-term, interest-free loans could be the biggest trend of this holiday shopping season. But are they safe?
Mobile home residents buy their park, protecting themselves from eviction
Residents of mobile home parks often face eviction when the parks sell. The parks are expensive, but some residents are getting help to buy them.
Military families contend with high inflation and housing costs
Many Americans are contending with high inflation and housing costs. Military members and their families are no exception. It's been especially tough for those who have moved to new posts recently.