Economy

Economy

How rising interest rates affect your day to day

5:06am November 04, 2022

by Chris Arnold

The fed raised interest rates again this week by 3/4 of a percent, and mortgage rates have seen their biggest jump in 40 years. Borrowing on credit cards, and car loans is also going up.

Economy

How have travel prices affected your Thanksgiving plans? We want to hear from you

4:53pm November 03, 2022

by Mary Yang

Traveling home for Thanksgiving is looking extra pricey this year, but experts say roads and flights will be packed. Are you traveling over the holiday weekend, despite the cost? Let us know.

Laura Brunner is president and CEO of the Port of Greater Cincinnati Development Authority. She calls the rise of institutional real estate investment a "predatory practice" that makes it harder for low-income and minority residents to buy an affordable home.

It's harder to buy a house. This city fought back by outbidding corporate landlords

5:00am November 03, 2022

by Jennifer Ludden

A Cincinnati agency says large investors are taking some of the most affordable homes off the market, exacerbating the racial wealth gap. It's now helping its new tenants buy the homes themselves.

A customer is handed Powerball lottery tickets to purchased at Lichine's Liquor & Deli in Sacramento, Calif., Monday, Oct. 31, 2022. The jackpot for Monday night's drawing soared to $1 billion after no one matched all six numbers in Saturday night's drawing. It's the fifth-largest lottery jackpot in U.S. history.

'Predatory gambling' has helped the lottery reach sky-high jackpot, critics say

10:00pm November 02, 2022

by Jonathan Franklin

The estimated jackpot total is the second-largest prize in Powerball's history and the fourth-largest jackpot in U.S. lottery history, officials say.

Federal Reserve Chair Jerome Powell attends a meeting of the International Monetary and Financial Committee in Washington, DC, on Oct. 14. Powell announced another interest rate hike on Wednesday.

The Fed orders another jumbo interest rate hike. Many are wondering what's next

6:03pm November 02, 2022

by Scott Horsley

The Federal Reserve raised interest rates by another 0.75 percentage points Wednesday, as part of its ongoing effort to fight inflation. The big question is, what happens next.

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Economy

What's next for the Fed after efforts to fight inflation with higher interest rates

4:54pm November 02, 2022

by Scott Horsley

Federal Reserve Chairman Jerome Powell talked with reporters about the central bank's latest effort to fight inflation with higher interest rates and what the Fed is likely to do next.

Planet Money started a record label to release a 47-year-old song about inflation

4:54pm November 02, 2022

NPR's Planet Money recently got ahold of a 47-year-old song about inflation that has never been released. They decided to start a record label to try to get the song out into the world.

This song is nearly 5 decades long but its subject still hits home

11:53am November 02, 2022

by Sarah Gonzalez

The Planet Money team got a cassette tape in the mail with a 47-year-old song about a timely topic: inflation.

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Morning news brief

5:01am November 02, 2022

Republicans have edge in enthusiasm in final six days before the midterms. Pelosi attack increases lawmakers' concerns for safety. AndFed expected to raise interest rates for the sixth time this year.

Call workers employed by federal contractor Maximus strike outside of the call center in Bogalusa, Louisiana on Tuesday, Nov. 1.

Economy

Call center workers strike over pay and working conditions

7:05pm November 01, 2022

by Mary Yang

Call center workers at a federal contractor that handles calls about Medicare and the Affordable Care Act plans have staged a walkout in four states.