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As of April, the pace of inflation has slowed from a year-over-year peak of 9.1% to 5%. That’s good news for struggling consumers, but doesn’t tell the whole story of how much more Americans are spending due to rising prices. That’s because the year-over-year inflation only looks back one year, …

About half of U.S. states hiked their minimum wages in January, with a few more gearing up to do so later this year. Eight state minimums now hover in the $13 per hour range, like those in Illinois and Arizona. Eighteen remain the same as the federal minimum, $7.25 per …

Wells Fargo reported growing profits Friday as the bank benefited from higher interest rates, despite building up loan loss reserves. Here’s how the bank did compared with Refinitiv estimates: Earnings per share: $1.23 per share GAAP versus 90 cents a year ago and $1.13 expected. Revenue: $20.73 billion versus $20.08 …

A sign for the European Central Bank (ECB) outside the bank’s headquarters in Frankfurt, Germany, on Thursday, Feb. 2, 2023. Alex Kraus | Bloomberg | Getty Images European Central Bank policymakers are reconsidering the path of interest rate hikes in light of last month’s banking turmoil, but remain committed to …

Investors are questioning the health of the commercial real estate sector following a string of recent banking crises. Mike Kemp | In Pictures | Getty Images Concerns are mounting around the health of Europe’s commercial real estate market, with some investors questioning whether it could be the next sector to …

Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co., during a Bloomberg Television interview at the JPMorgan Global High Yield and Leveraged Finance Conference in Miami, Florida, US, on Monday, March 6, 2023. Marco Bello | Bloomberg | Getty Images JPMorgan Chase is scheduled to report first-quarter …

Starting a business can cost a lot of money, and outsized expenses can easily sink your new venture. How much you have to spend can depend on where you set up shop. And if you expect a coastal state to top a list of most expensive places in the U.S. …

Amazon CEO Andy Jassy said he doesn’t pay much attention to the company’s stock price, even after the shares lost half their value in 2022 amid fears of a recession and a bad year for tech stocks across the board. “I don’t spend a lot of my time focused on …

More women are becoming breadwinners, but the division of labor at home has barely budged, a new report found. Although men still out-earn women in most households, the share of women who earn as much as or significantly more than their husband has roughly tripled over the last half century, according …

One of the most important steps to build wealth or accomplish any major money goal is to have at least a basic foundation of financial literacy. The question is, where do you get that education?  Some states are stepping in to make sure the next generation is equipped to navigate …