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Author: Medora Lee, USA TODAY

Money

Inflation means people are spending less, which may be putting a recession on fast track

June 30, 2022 Medora Lee, USA TODAY Comments Off on Inflation means people are spending less, which may be putting a recession on fast track

Consumers cutting spending faster than expected due to inflation sends alarm bells about the economy. Some now see recession sooner rather than later.

Money

Employees, employers find their way after Roe v. Wade decision

June 27, 2022 Medora Lee, USA TODAY Comments Off on Employees, employers find their way after Roe v. Wade decision

Employers and employees will have to see how policies shake out after the Supreme Court overturned Roe v. Wade. But this is what we know so far.

Money

A double whammy for consumers: Home and auto insurance rates are set to jump in tandem

June 24, 2022June 27, 2022 Medora Lee, USA TODAY Comments Off on A double whammy for consumers: Home and auto insurance rates are set to jump in tandem

Consumers, already grappling with 40-year high inflation, will get squeezed again with home and auto renewal insurance rates set to rise sharply.

News

Is it too late to prevent a recession? Here’s what experts say

June 24, 2022June 24, 2022 Medora Lee, USA TODAY Comments Off on Is it too late to prevent a recession? Here’s what experts say

Recession odds are growing as investors fear the Fed’s interest rate hikes will be too fast and too big, bringing the economy to a screeching halt.

Money

Middle class, minus debt: Apprenticeships, certificates offer low-cost option to college

June 23, 2022June 23, 2022 Medora Lee, USA TODAY Comments Off on Middle class, minus debt: Apprenticeships, certificates offer low-cost option to college

As Biden mulls student debt, others discover alternative paths to the middle class without the debt. They’re using apprenticeships and certifications.

Money

Gas tax holiday relief will likely be mild, short. Americans should brace for higher prices

June 22, 2022June 24, 2022 Medora Lee, USA TODAY Comments Off on Gas tax holiday relief will likely be mild, short. Americans should brace for higher prices

Biden’s gas tax holiday plan would likely mean little relief for consumers. Americans should still brace themselves for higher prices, experts say.

Money

Interest rate hike, bear market, crypto crash, and more happened this week. This is what it means.

June 17, 2022June 17, 2022 Medora Lee, USA TODAY Comments Off on Interest rate hike, bear market, crypto crash, and more happened this week. This is what it means.

A week flooded with news on Fed’s rate hike, bear market, crypto crash, recession, and more. This is a breakdown of what happened and what it means.

Money

S&P 500, Dow and Nasdaq drop on recession fear, mortgage rates rise.

June 16, 2022June 16, 2022 Medora Lee, USA TODAY Comments Off on S&P 500, Dow and Nasdaq drop on recession fear, mortgage rates rise.

U.S. stocks slid after a handful of banks around the world followed the Fed and raised rates to fight inflation. The rate hikes fed recession fears.

Money

How faster, bigger Fed rate hikes affect credit card, mortgage, savings rates and stocks

June 15, 2022 Medora Lee, USA TODAY Comments Off on How faster, bigger Fed rate hikes affect credit card, mortgage, savings rates and stocks

Fed rate hikes are expected to be bigger and come faster. This means costlier borrowing and likely, pressure on stocks. But savings rates will rise.

Money

How Fed’s bigger, faster rate hikes will affect your credit card, mortgage, savings rates

June 15, 2022June 15, 2022 Medora Lee, USA TODAY Comments Off on How Fed’s bigger, faster rate hikes will affect your credit card, mortgage, savings rates

The Fed’s expected to raise rates faster and more aggressively to cut inflation. You should act fast to organize your debt and lock in mortgage rates.

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Blue supermoon: See photos of the rare moon that won’t happen again until 2037

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College professor harassed students to quench ‘clown fetish,’ offering extra credit, cash

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5 people shot in Illinois, 2 in critical condition

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