Inflation drops in December – will the Fed slow interest rate hikes in 2023?
Inflation eased in December, but interest rates are likely to increase a few more times in 2023. However, the rate of increase could slow, one Fed official says. Here's what it means for you.
BlackRock quarterly profit slips on lower fee income
Assets under management stood at $8.59 trillion at the end of the quarter, down from a little more than $10 trillion a year earlier but up from $7.96 trillion in the third quarter.
US real estate market in ‘big trouble,' expert warns
Pulte Capital CEO Bill Pulte and Thor Equities CEO Joe Sitt explain why U.S. real estate is headed towards "big trouble" in 2023 and could put "a lot of things to a stop."
House Republicans launching digital asset subcommittee after troubled year for cryptocurrency industry
The House Financial Services Committee rolled out a new subcommittee on digital assets and financial technology on Thursday after a troubled year for cryptocurrencies.
Florida man who bought mansion, Maserati using COVID funds sentenced to prison
A Florida man was sentenced to over eight years in prison for obtaining more than $7 million in COVID relief funds
LendingClub slashing headcount by 225
LendingClub Corporation is slashing its headcount by 14%, the financial services firm announced on Thursday. That will equate to 225 workers losing their jobs.
Crypto crime soars to record high of at least $20.1B in 2022
Cryptocurrency analytics firm Chainalysis reported Thursday that crypto crimes hit a record high of more than $20B last year, and the true number is likely even higher.
Group of athletes, including Bengals' Joe Burrow, Bucks' Khris Middleton, invest in Iowa farm
A group of around two dozen athletes, including Cincinnati Bengals quarterback Joe Burrow and Milwaukee Bucks small forward Khris Middleton, have acquired a northern Iowa farm.
Heat launch search for new naming rights partner after FTX debacle
The Miami Heat and Miami-Dade County will now find a new naming rights partner after a federal judge terminated the naming rights agreement for FTX Arena.
Prince Harry's ‘Spare’ sets record for first-day sales with 1.4 million copies sold amid royal fallout
Prince Harry has set a first-day sales record with his bombshell book "Spare," where he publicly spoke out against the royal family, with 1.4 million copies sold.
Sam Bankman-Fried defends himself in online post: 'I didn’t steal funds'
FTX founder and ex-CEO Sam Bankman-Fried on Thursday posted what he referred to as a "pre-mortem overview" of what he says led to the crypto exchange's collapse.
Pennsylvania Senate votes to undo tax increase on gasoline, diesel
A bill that is aimed at undoing the automatic wholesale tax increase on gas and diesel passed through Pennsylvania's state Senate. The vote was 29-19 in favor of the bill.
Chip Roy introduces bill to keep China from snapping up US farmland
Rep. Chip Roy, R-Texas, on Thursday introduced legislation to prevent the Chinese Communist Party or CCP-tied entities from purchasing farmland in the United States.
Mortgage rates dip after two-week climb
Mortgage rates dropped this week despite the Federal Reserves fight against inflation. Both the 30-year and 15-year FRM dropped since last week.
Today’s best mortgage deal? 20-year rates are the lowest available at 6% | Jan. 12, 2023
Check out the mortgage rates for Jan. 12, 2023, which are down from Tuesday.
5-year fixed personal loans drop 1.54 percentage points since last week
The latest trends in interest rates for personal loans from the Credible marketplace, updated weekly.
Identity of man who bought $1.65M 'Goonies' house is revealed, and he's a 'superfan'
The "Goonies House" in Astoria, Oregon, was purchased for $1.65 million by a Kansas-based entrepreneur who loves the 1980s and the "The Goonies" film.
Biden proposes new student loan repayment plan: Here’s how much borrowers will save
The Department of Education's new student loan repayment plan would offer $0 monthly payments for any individual borrower who makes less than roughly $30,600 annually and any borrower in a family of four who makes less than about $62,400.
More school districts push back on AI over cheating concerns
Schools around the country are updating their policies in response to a new artificial intelligence program ChatGPT that has spawned cheating concerns.
December inflation report likely to show prices eased further but remain high
The CPI likely remained painfully high in December as inflation remains near a 40-year high, continuing to inflict financial pain on millions of Americans.


















