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- Alaska Gov. Mike Dunleavy speaks to reporters during a news conference at the state Capitol on April 28, 2022, in Juneau, Alaska. Nearly every single Alaskan got a financial windfall amounting to more than $3,000 on Tuesday, Sept. 20, 2022, the day the state began distributing payments from Alaska's investment fund that has been seeded with money from the state's oil riches. (AP Photo/Becky Bohrer, File)
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Alaskans pocket over $3,000 in annual oil-wealth payments
By MARK THIESSEN - Associated Press
Tue,09/20/22-5:34PM , 537 Reads
ANCHORAGE, Alaska (AP) — Nearly every single Alaskan got a financial windfall amounting to more than $3,000 Tuesday, the day the state began distributing payments from Alaska’s investment fund that has been seeded with money from the state’s oil riches.
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- Clothing sits on tables for shoppers in a Costco warehouse Monday, Aug. 29, 2022, in Sheridan, Colo. The Federal Reserve is expected to raise its key short-term rate by a substantial three-quarters of a point for the third consecutive time Wednesday, Sept. 21. The goal is to slow consumer spending, reducing demand for homes, cars and other goods and services, eventually cooling the economy and lowering prices. (AP Photo/David Zalubowski)
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How steep Fed rate hikes affect your finances
By CORA LEWIS - Associated Press
Tue,09/20/22-5:29PM , 494 Reads
NEW YORK (AP) — Mortgage rates have jumped, home sales have slumped and credit cards and auto loans have gotten pricier. Savings rates are slightly juicier, though.
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- Federal Reserve Chair Jerome Powell speaks at a news conference Wednesday, Sept. 21, 2022, at the Federal Reserve Board Building, in Washington. Intensifying its fight against chronically high inflation, the Federal Reserve raised its key interest rate by a substantial three-quarters of a point for a third straight time, an aggressive pace that is heightening the risk of an eventual recession. (AP Photo/Jacquelyn Martin)
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Fed attacks inflation with another big hike and expects more
By CHRISTOPHER RUGABER - AP Economics Writer
Tue,09/20/22-4:50PM , 447 Reads
WASHINGTON (AP) — Intensifying its fight against high inflation, the Federal Reserve raised its key interest rate Wednesday by a substantial three-quarters of a point for a third straight time and signaled more large rate hikes to come — an aggressive pace that will heighten the risk of an eventual recession.
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- A person wearing a protective mask walks in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm Tuesday, Sept. 20, 2022, in Tokyo. Asian shares mostly rose Tuesday, after Wall Street closed higher on expectations for another big interest rate increase this week from the U.S. Federal Reserve. (AP Photo/Eugene Hoshiko)
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Asia shares rise on US rally ahead of expected Fed rate hike
By YURI KAGEYAMA - AP Business Writer
Tue,09/20/22-1:39AM , 218 Reads
TOKYO (AP) — Asian shares mostly rose Tuesday, after Wall Street closed higher on a late buying spree following recent losses as investors await another interest rate increase by the U.S. Federal Reserve.
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