Economy

It may be time to look at the I-bond, a savings bond that protects you from inflation

4:28pm May 05, 2022

With inflation over 8.5%, it's perhaps time for a long-ignored investment option to shine: the I-bond. It's a U.S. Treasury savings bond, and its interest payments are linked to inflation.

Queue Listen Now

A trader working on the floor of the New York Stock Exchange (NYSE) in New York City on May 2. Stocks surged on Wednesday after the Fed's policy meeting.

Economy

The Dow rallies to its best day since 2020 after the Fed rules out larger rate hikes

6:27pm May 04, 2022

by David Gura

Markets jumped after Fed Chair Jerome Powell said the central bank was not contemplating bigger rate hikes than the half-a-percentage-point increase it delivered on Wednesday.

Federal Reserve Chair Jerome Powell testifies about monetary policy and the state of the economy before the House Financial Services Committee in Washington, D.C., on March 2.

Economy

The Fed raises interest rates by the most in over 20 years to fight inflation

5:43pm May 04, 2022

by Scott Horsley

The Federal Reserve raised interest rates by half a percentage point Wednesday, in an effort to cool off demand and lower inflation. Consumer prices have been rising at the fastest pace in 40 years.

Queue Listen Now

Economy

Workers at Boone Starbucks vote to unionize

4:18pm May 04, 2022

by Keri Brown

Employees at a Starbucks in Boone recently voted to unionize.

European Commission President Ursula von der Leyen speaks Wednesday at the European Parliament in Strasbourg, France.

The EU just proposed a ban on oil from Russia, its main energy supplier

2:33pm May 04, 2022

by Bill Chappell

The European Union wants to sharpen its sanctions against Russia. But its leaders acknowledge Europe's economy could suffer.

Economy

The Federal Reserve is expected to take a big step to try to lower inflation

7:56am May 04, 2022

The Fed is likely to raise interest rates by a half-percentage point Wednesday, in an effort to crack down on inflation. It's the first rate hike of that size in more than two decades.

Queue Listen Now

People hold signs while protesting in front of Starbucks on April 14, 2022 in New York City. Activists gathered to protest Starbucks' CEO Howard Schultz anti-unionization efforts and demand the reinstatement of workers fired for trying to unionize.

Starbucks says employees getting new benefits, but not at stores that are unionizing

8:56pm May 03, 2022

by Andrea Hsu

On an investor call, Starbucks interim CEO Howard Schultz said the company was investing $1 billion to raise wages, enhance benefits and modernize stores. But unionized stores won't get some of that.

How palm oil prices are affecting the global economy

6:30am May 03, 2022

by Paddy Hirsch

The prices of cooking oil are rising. Why that could put global security at risk.

Federal Reserve Chair Jerome Powell collects his notebooks as he testifies before the Senate Banking Committee on March 3. The Fed is widely expected to raise interest rates by half a percentage point at its meeting this week.

Economy

4 things to know as the Fed embarks on its biggest fight against inflation in years

5:00am May 03, 2022

by Scott Horsley

The Federal Reserve is expected to approve its largest interest rate hike in more than two decades this week. Additional rate increases are likely, as the Fed tries to regain control over inflation.

Google has expanded its policies to make it easier for people to request personal contact information be removed from online search results.

Economy

You can now ask Google to take your personal data out of its search results

1:19pm May 02, 2022

by Bill Chappell

Anyone who doesn't want their phone number, email or street address to be found online can ask Google to omit the data from its search results.