The Federal Reserve is hitting the brakes on the U.S. economy in an effort to bring inflation under control. The central bank is raising interest rates at the fastest pace since the early 1980s.
Americans' investments are now getting dragged into the culture wars. Investors are looking at how climate change affects the bottom line of companies, but the GOP wants to penalize them for it.
It should be good news for Americans: a new poll shows almost everyone is getting a raise and they're not having to stick it out in jobs they hate. But for many the financial struggle continues.
Even after their babies died, hospital bills kept coming. These parents of fragile, very sick infants faced exorbitant bills — though they had insurance. "The process was just so heartless," one says.
Nearly half of the American workforce is now working remotely at least one day a week. And new research shows that many employees consider remote work to be non-negotiable for their employment.
The Federal Reserve raised interest rates by another 0.75 percentage points today, as it tries to control runaway prices. The central bank also signaled that additional rate hikes are likely.