MoneyWatch

If you’re seeing Halloween decorations at the store, you should take that as a sign the holiday travel season is just around the corner. Cue the expensive flights! If you’re relying on points and miles to cover the cost, you might want to consider whether booking award flights for the …

The outlook for the U.S. economy from Wall Street’s biggest banks is getting gloomier, with many top executives saying they’re preparing for a potential recession. Following the short but potent pandemic recession in 2020, bank CEOs have spent the past year and a half trumpeting the strength of the economy …

Millions of older adults are having trouble making ends meet, especially during these inflationary times. Yet many don’t realize help is available, and some notable programs that offer financial assistance are underused. A few examples: Nearly 14 million adults age 60 or older qualify for aid from the federal Supplemental …

A Big Mac may taste the same at McDonald’s locations across the country, but the iconic burger is cheapest in Mississippi and priciest in the District of Columbia, a new study found. A Big Mac costs 11% less than average in Mississippi, yet is also the least affordable, due to …

When making your travel budget, don’t assume that lodging and airfare will be your biggest expense. Now, more than ever, rental cars are shaping up to be one of the biggest — and stubbornly high — aspects of people’s vacation budgets. While airfare and lodging prices are certainly near all-time …

Stocks closed at three-month highs on Wall Street Wednesday as investors cheered a report showing inflation cooled  more than expected in July. The S&P 500 jumped more than 2% Wednesday on expectations that slower inflation will mean the Federal Reserve won’t hike interest rates as much as feared.  Technology stocks, cryptocurrencies …

Eleven people who ran and promoted cryptocurrency firm Forsage are facing charges of operating a pyramid and Ponzi scheme that raised more than $300 million from millions of investors in the U.S. and elsewhere, according to the Securities and Exchange Commission.  The Forsage executives posted videos that promised huge returns …

The National Highway Traffic Safety Administration says it is investigating a Tesla crash that killed a California couple at an interstate rest stop near Gainesville, Florida. The driver and passenger died when their 2015 Tesla ran into the back of a parked tractor-trailer on July 6, according to the Florida …

Worries of a global recession are pummeling the price of oil, and should those fears be realized this year crude could cave to $65 a barrel, according to Citigroup. “Thus far, we’re not in a recessionary environment,” Ed Morse, the bank’s global head of commodity research, told CBS MoneyWatch. The …

Electric car maker Tesla is hiking the prices of its vehicles in the U.S. amid rising raw materials and logistics costs.  The price of the startup’s Model Y long-range car is listed for $65,990 on Tesla’s website, up from $62,990, Reuters first reported. Tesla also raised the price of its …