Latest Stories

Latest Stories

What does the Federal Reserve board of governors do, besides voting on interest rates?

Oct 15, 2021
There are seven members of the board of governors. Usually.
Randal Quarles, a member of the Federal Reserve board of governors, was vice chair for supervision at the central bank until this week. The Fed said that position would go unfilled.
Lintao Zhang via Getty Images

Unemployed and unable to refinance

Oct 15, 2021
With mortgage rates around 3%, many of those who might benefit the most from refinancing and reducing their monthly payments aren’t able to.
Although mortgage interest rates are low, many banks require applicants for refinancing to be employed.
courtneyk via Getty Images

USPS pilots a public banking program

Oct 15, 2021
The pilot program emerges more than 50 years after the USPS ceased public banking. 
A view of a U.S. post office in Bethesda, Maryland in August 2020.
Mandel Ngan/AFP via Getty Images

Foreclosures rise as pandemic protections expire

Oct 15, 2021
But filings are still well below historical norms. And analysts are not expecting anything like the foreclosure crisis during the last recession.
A lender-owned home for sale in Rialto, California, in February 2008. While foreclosure rates are currently at historic lows, there's been a jump in recent months as pandemic relief ends.
Robyn Beck/AFP via Getty Images

Demand for bank loans isn't strong. Housing loans are the exception.

Oct 15, 2021
Consumers and businesses have used pandemic benefits to pay down loan balances.
While pandemic relief helped individuals and businesses pay the bills, demand for residential loans has remained strong this year.
Joe Raedle via Getty Images

Revisiting location-based pay in this era of remote work

Oct 15, 2021
Companies are choosing to reduce the pay of remote workers who head to areas with a lower cost of living.
More companies are cutting down the pay of remote workers who choose to live in areas with a lower cost of living.
Getty Images

Will round-the-clock work at Port of LA free up the supply chain?

Oct 15, 2021
It will help, but there are other jobs beyond the port that need to ramp up too.
Shipping containers are stacked at the Port of Los Angeles, the nation's busiest container port, on Nov. 7, 2019 in San Pedro, California.
Mario Tama/Getty Images

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FDA issues new sodium guidelines for the food industry

Oct 15, 2021
The agency recommended gradual changes to the salt content in 163 processed food categories -- aimed at lessening the amount of salt we eat.
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Why does our tax system have brackets?

Oct 14, 2021
Each bracket covers a range of incomes, but the rates increase for those who make more.
The U.S. tax system has seven brackets, but some think it should be overhauled to include more.
Joe Raedle/Getty Images

How this metal foundry grew its business during the pandemic

Oct 14, 2021
Although prices for aluminum and zinc are ticking up, Adam Schaller, vice president of a Michigan metal foundry, says business is growing.
Prices for aluminum base scrap picked up 9.7% from August to September.
Lukas Schulze via Getty Images