This week, the Federal Reserve will likely raise rates for the sixth consecutive time to combat inflation, which is still running at its fastest pace in nearly 40 years.  The U.S. central bank has already hiked its benchmark short-term rate 3 percentage points since March, including three straight 0.75 percentage …

Offshore wind farm. davee hughes uk | Moment | Getty Images The developer for a major offshore wind power project in Massachusetts has asked state regulators to pause review of the contract for one month, saying that global price hikes, inflation and supply chain shortages are disrupting the plan. The …

Chip Somodevilla | Getty Images News | Getty Images The U.S. Department of Education announced on Monday sweeping new changes to the federal student loan system, including additional consumer protections for borrowers and limits on the amount of interest that can accrue on the debt. “Today is a monumental step …

The jackpot for Powerball’s Monday night drawing is a whopping $1 billion. Sort of, anyway. The advertised number represents the pre-tax amount you’d get if you were to receive your windfall as an annuity spread over three decades. Yet most jackpot winners choose the upfront one-time cash payment — which, …

This election season, voters are laser-focused on one big issue: the economy. Americans rank inflation as the most important problem facing the U.S., followed by jobs and the overall economy, an October Ipsos/Reuters poll found. In the last year, Americans aimed to go back to dining out, traveling and enjoying …

Luiz Inacio Lula da Silva, Brazil’s former president, center, addresses supporters after winning the runoff presidential election in Sao Paulo, Brazil, on Sunday, Oct. 30, 2022. Bloomberg | Bloomberg | Getty Images The narrow win by Luiz Inácio Lula da Silva in the Brazilian presidential election marks a key turning …

After months of waiting, landmark legislation affecting New York City’s roughly 4 million private-sector workers is finally going into effect: Starting Nov. 1, most employers in New York City will be required to list the salary range on all posted job ads, promotions and transfer opportunities. Experts say legislation that …

David Wadhwani, president of Adobe’s Digital Media unit, speaks at Adobe’s Max conference in Los Angeles in October 2022. Adobe In September 2009, with the stock market still in the doldrums from the Great Recession, Adobe announced plans to spend $1.8 billion for marketing software vendor Omniture, its second-biggest acquisition …

Fizkes | Istock | Getty Images Reaching retirement with a nest egg that you trust will last is a stressful endeavor even in the best of times. These days, those nearing the end of their careers also have to contend with historic inflation, stubborn market volatility and the remnants of …

Take a look at some of the biggest movers in the premarket: Wynn Resorts (WYNN) – Investor Tilman Fertitta has taken a 6.1% stake in the resort operator, according to a Securities and Exchange Commission filing. Wynn shares rallied 4.2% in premarket action. Petrobras (PBR) – The Brazilian state-run oil …