ECONOMY

Eviction filings are rising even as rents spike and inflation cuts deeper into household budgets.

Eviction filings are up sharply as pandemic rental aid starts to run out

4:20pm May 06, 2022

by Jennifer Ludden

The federal rental aid program expects to distribute the rest of its money by mid-summer. Some cities have already run out of funding, pushing eviction filings higher than before the pandemic.

Beware, new student loan borrowers: Interest rates are about to jump

3:11pm May 06, 2022

by Cory Turner

Student loan interest rates reset every May. This year, they're on the rise.

Pedestrians walk past a Now Hiring sign in Arlington, Va., on March 16.

Economy

The U.S. jobs market continues its strong comeback from the pandemic

10:17am May 06, 2022

by Scott Horsley

U.S. employers added 428,000 jobs in April, as the unemployment rate held steady at 3.6%.

Economy

News brief: access to abortion, jobless report preview, Northern Ireland election

7:20am May 06, 2022

If Roe v. Wade is over turned, certain groups of people would be disproportionately affected. Unemployment data is released Friday. Results are expected Friday in Northern Ireland's election.

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Economy

An unusually tight job market has a potential downside for the broader economy

5:10am May 06, 2022

The Labor Department reports on monthly job gains for April Friday morning. The month began with a record number of job openings, which is good for prospective employees.

Traders work the floor of the New York Stock Exchange in New York City on Thursday. Stocks fell sharply a day after the Federal Reserve raised interest rates by the most in over two decades.

Economy

Stocks dive, a day after their best session in years, as economic fears intensify

6:13pm May 05, 2022

by David Gura

The declines come a day after the Federal Reserve raised interest rates by the most in over two decades as it embarks on a high-stakes fight to bring down inflation.

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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.

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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.

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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.