The inflation rate is down to 7.1%, a drop of 2% since hitting the highest rate in 40 years back in June. In an effort to continue the trend of slowed inflation, the Federal Reserve is expected to announce yet another interest rate hike on Wednesday. NBC’s Brian Cheung reports for TODAY.
Category Archives: business
Disgraced FTX CEO Sam Bankman-Fried 'orchestrated yearslong fraud' on investors and customers, SEC and criminal charges say
Sam Bankman-Fried, the former CEO of cryptocurrency giant FTX, defrauded investors by funneling money into his private hedge fund and conspired to commit wire fraud against his customers and lenders, according to criminal charges filed in New York and charges by the U.S. Securities and Exchange Commission.
Should you buy an electric car now or wait until next year — or even 2024?
The Inflation Reduction Act puts electric vehicles within closer reach for middle-income buyers, but more incentives and selection aren’t expected until 2024.
Workers and consumers say they're likely to favor pro-LGBTQ businesses, study finds
American workers and consumers are more likely to prefer brands that publicly align with LGBTQ causes, according to a new analysis.
Here's when Social Security checks featuring the massive 2023 COLA increase will start arriving
The first Social Security checks and bank deposits featuring the largest cost-of-living-adjustment in 40 years will start arriving in January.
New data for November shows inflation rate slowing
New data on the economy shows inflation appears to be slowing, with a rate of 7.1% in November, better than what was expected. NBC’s Tom Costello reports for TODAY.
Do I really need travel insurance?
With holiday vacations in full swing, some people want the security and peace of mind that comes with travel insurance, but others don’t want to spend extra money. NBC’s senior consumer investigative correspondent Vicky Nguyen explains when you need it and when you don’t.
Inflation slows to 7.1% for November, another sign the economy is cooling off
Consumer price growth cooled in November, indicating a slowing economy and a sign that the Federal Reserve’s aggressive rate-raising campaign to fight
U.S.-Africa Leaders Summit kicks off under China's long shadow
The Biden administration is pitching trade at the U.S.-Africa Leaders Summit, a bid to re-engage the continent’s leaders as China outpaces U.S. investment.
Money-saving tips for all your last-minute holiday needs
Holiday staples like wrapping paper, tape and ornaments are essential supplies during this time, but can easily eat up your budget. Changing the way you shop, however, can help offset costs. NBC’s senior consumer investigative correspondent Vicky Nguyen reports for TODAY.