Money

Homebuyers nationwide need 34% more income to afford a home

Due to increasing mortgage rates and rising sale prices, homebuyers across the nation will need to earn $76,414 annually in order to afford to typical monthly mortgage payment, according to the technology-powered brokerage Redfin.

Fare, toll evasion costing New York's MTA millions

New York's Metropolitan Transportation Authority (MTA) is cracking down on fare evasion. On Tuesday, MTA CEO Janno Lieber announced the creation of a blue-ribbon panel that is set to tackle the issue.

What do a barrage of big Fed rate hikes mean for Americans' wallets?

Federal Reserve Chairman Jerome Powell last week solidified expectations for a half-percentage point rate hike at the central bank's May meeting as officials look to tame red-hot inflation, a move that could have major implications for millions of U.S. households.