Inflation rises to yet another new 40-year high in February

With inflation reaching yet another new 40-year high in February, economists have begun to question the Fed's ability to bring it back down.

Biden administration considering another student loan payment pause extension

President Biden is still considering canceling student loans or extending the forbearance period, a White House spokesperson said on a recent podcast episode.

This is the average student loan debt in every state

New data from The Institute for College Access & Success shows where the class of 2020 has the highest student loan debt balances.

McDonald's, other American corporations stop business in Russia
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After days of mounting pressure, several American-based corporations are stopping business in Russia -- including Chicago-based McDonald's.

Illinois hotel industry asks for bailout funding
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The Illinois Hotel and Lodging Association is asking for a bailout or else they are warning there could be no vacancies at all, and that hotels will close.

Coca-Cola suspends business in Russia citing Ukraine war

The Atlanta-based Coca-Cola Company said it would be suspending business in Russia following the country’s attack on neighboring Ukraine.

McDonald's to temporarily close 850 restaurants in Russia

McDonald’s said Tuesday it is temporarily closing all of its 850 restaurants in Russia in response to the country’s invasion of Ukraine.

Chicago pizza chain fined $188K for shortchanging employees' overtime wages

An Illinois-based pizzeria chain owes its employees over $180,000 in back wages and damages after federal investigators determined the owner had violated labor laws for the second time in six years.

Buy now, pay later schemes rife with pitfalls for unsuspecting consumers
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Personal finance expert George Kamel talks about the pitfalls of "buy now, pay later" schemes and how they could damage credit scores of unsuspecting customers.

IRS to hire 10,000 workers to help with tax return backlog

The backlog includes at least 10 million individual tax returns and 4 million business tax returns going back to last year.

Mastercard, Visa suspend operations in Russia amid Ukraine invasion

Mastercard said cards issued by Russian banks will no longer be supported by its network and any card issued outside the country will not work at Russian stores or ATMs.

Biden announces $54M Siemens investment, planned US factory jobs

President Biden joined the CEO of Siemens USA to announce a $54M investment to produce equipment for electrical infrastructure, creating 300 more jobs at California and Texas sites.