IRS announces pension and retirement plan contribution adjustments for 2025

WASHINGTON (AP) — The IRS on Friday announced an increase to the amount individuals can contribute to their 401(k) plans in 2025 — to $23,500, up from $23,000 in 2024. The Internal Revenue Service detailed the increases in its annual cost-of-living adjustments for pension plans...

Average rate on a 30-year mortgage in the US rises for fifth straight week

The average rate on a 30-year mortgage in the U.S. rose for the fifth straight week, returning to its highest level since early August. The rate rose to 6.72% from 6.54% last week, mortgage buyer Freddie Mac said Thursday. That's still down from a year ago, when the rate averaged...

Inflation gauge closely watched by the Fed falls to lowest level since early 2021

WASHINGTON (AP) — As a presidential race profoundly shaped by Americans' frustration with high prices nears its end, the government said Thursday that an inflation gauge closely watched by the Federal Reserve has dropped to near pre-pandemic levels. The Commerce Department reported...

Inflation gauge closely watched by the Fed falls to lowest level in 3 1/2 years

US economy grew at a solid 2.8% pace last quarter on strength of consumer spending

WASHINGTON (AP) — The U.S. economy grew at a healthy 2.8% annual rate from July through September, with consumers helping drive growth despite the weight of still-high interest rates. Wednesday’s report from the Commerce Department said the gross domestic product — the...

Chemed: Q3 Earnings Snapshot

CINCINNATI (AP) — CINCINNATI (AP) — Chemed Corp. (CHE) on Tuesday reported third-quarter profit of $75.8 million. The Cincinnati-based company said it had net income of $5 per share. Earnings, adjusted for one-time gains and costs, came to $5.64 per share. The...

American consumers feeling much more confident as Election Day nears

WASHINGTON (AP) — American consumers are feeling quite a bit more confident this month as Election Day approaches, a business research group says. The Conference Board said Tuesday that its consumer confidence index jumped to 108.7 in October from 99.2 in September. It was the...

Stock market today: Wall Street climbs ahead of a big week for Big Tech as oil drops 6%

NEW YORK (AP) — U.S. stocks closed broadly higher Monday as gains by some Big Tech companies helped offset a skid in oil-and-gas stocks after the price of crude had its biggest drop in more than a year. The S&P 500 rose 0.3%. The main measure of the U.S. stock market was coming...

This week: Consumer confidence, inflation, employment

A look at some of the key business events and economic indicators upcoming this week. Confidence checkup The Conference Board publishes its consumer confidence index for October on Tuesday. Last month, American consumers felt less confident amid rising...

Russia's central bank raises interest rate to 21% to fight inflation boosted by military spending

MOSCOW (AP) — Russia’s central bank on Friday raised its key interest rate by two percentage points to a record-high 21% in an effort to stem growing inflation as massive government spending on the military amid the fighting in Ukraine strains the economy’s capacity to produce goods and...