Department of Labor raises federal contract workers’ minimum wage to $15 an hour

The U.S. Department of Labor announced on Monday an increase of the federal minimum wage to $15 an hour for federal contractors, giving a pay bump to hundreds of thousands of workers.

Jerome Powell nominated for 2nd term as Fed chair amid surging inflation

Biden's decision, reached after extensive consideration, strikes a note of continuity and bipartisanship at a time when surging inflation is burdening households and raising risks to the economy's recovery.

The risks of using buy now, pay later to finance holiday shopping on Black Friday

Buy now, pay later apps let you break up larger purchases into a short-term repayment schedule. But there are a few things you should know before you use them to finance holiday shopping.

US unemployment claims drop seventh straight week to 268,000

U.S. jobless claims dipped by 1,000 last week from the week before to a pandemic low of 268,000, the Labor Department reported Thursday.

Target, Walmart say holiday inventory is up despite supply chain disruptions

Target and Walmart say they are kicking off the holiday season with stocked shelves despite the industry's battle with supply chains and shipping backlogs.

Social Security payment increases may be offset by these 5 expenses

Those receiving Social Security benefits could struggle to meet basic needs in the year ahead. Here are the top five expenses they could struggle with.

Atlanta approves pilot program that offers cash payment financially strapped families

Three hundred Atlanta residents are going to receive direct cash payments approved by city leaders and funded with taxpayer money. While the program was approved by the Atlanta City Council, there were some concerns over who controls the $2 million in taxpayer money.

Social Security benefits see highest boost in 40 years, but inflation is higher

Social Security benefits will increase at their highest rate in 40 years, but the latest inflation numbers are even higher. Next year's increase may not be enough for seniors living on Social Security income.