Business

(NEW YORK) — Ravenn Moore, a 43-year-old mom in the Detroit area, said she accumulated tens of thousands of dollars of debt while earning both her bachelor’s and master’s degrees as a first-generation college student. Over the next decade, Moore said the interest on her student loans caused her debt to balloon to over $100,000. […]

(NEW YORK) — The Federal Reserve raised interest rates to a 22-year high this week — a milestone that carries major implications for the finances of everyday people, experts told ABC News. The move escalated an aggressive series of rate hikes that has helped dramatically reduce inflation from a peak last summer. But the historically […]

(NEW YORK) — Anheuser-Busch plans to lay off hundreds of corporate employees, a company spokesperson told ABC News on Thursday. The layoffs come months after a product endorsement from Dylan Mulvaney, a transgender influencer, in April set off a consumer boycott among conservatives that hammered sales. The layoffs will affect “less than 2%” of the […]

(NEW YORK) — U.S. economic growth accelerated over three months ending in June, blowing past economist expectations and rebuking concern about a possible recession. The U.S. gross domestic product grew by a 2.4% annualized rate to finish the first half of 2023, according to government data released Thursday. The results mark an advance from the […]

(NEW YORK) — United Airlines announced Thursday that it is the first U.S. airline to add Braille to its aircraft cabin interiors. The airline has about a dozen planes outfitted with Braille already, and plans to add Braille to its entire mainline fleet of more than 900 planes by 2026. The Braille will help blind […]

(NEW YORK) — Fears of a recession have cast a thundercloud over the economy for many months but forecasters sun-kissed by falling inflation and a robust jobs market have grown optimistic about the U.S. averting a downturn. Gross domestic product data to be released by the federal government on Thursday will show if and how […]

(NEW YORK) — Fears of a recession have cast a thundercloud over the economy for many months but forecasters sun-kissed by falling inflation and a robust jobs market have grown optimistic about the U.S. averting a downturn. Gross domestic product data to be released by the federal government on Thursday will show if and how […]

Alex Wong/Getty Images (WASHINGTON) — U.S. Federal Reserve Chair Jerome Powell told reporters Wednesday that the Fed staff no longer forecasts a recession for the U.S., and there is a chance inflation could return to target without high job losses. In April, the Federal Reserve staff expected the regional bank crisis to tip the economy into […]

(WASHINGTON) — The Federal Reserve raised its benchmark interest rate another 0.25% on Wednesday, reviving its inflation fight despite a significant cooldown of price increases in recent months. The rate hike brought the Fed’s benchmark interest rate to a 22-year high of between 5.25% and 5.5%. Inflation has fallen significantly from a peak last summer, but […]

(NEW YORK) — For couples ready to take that next step together, there’s nothing like planning a wedding — then going into sticker shock after discovering just how much it’s going to cost. The average cost of a wedding in 2022 was about $30,000, according to wedding planning site The Knot. And that figure isn’t […]