Aimee Picchi is the associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has written for national news outlets ...

Aquarion's request for a 42% rate increase is drawing questions and pushback from critics skeptical of the company’s timing. In a letter filed with the Public Utilities Regulatory Authority on Monday, ...

The US economy added 64,000 jobs in November and lost 105,000 jobs in October, while the November unemployment rate rose to 4.6%. The data represents ongoing weakening in the labor market. Further ...

The Federal Reserve cut interest rates by a ¼-point yesterday, as expected. The stock market rallied and Treasury yields fell. Fed Chair Jerome Powell suggested the central bank would stay cautious on ...

MUMBAI, Dec 1 (Reuters) - India's robust growth numbers for the September quarter are raising questions about the need for lower rates even as record-low inflation gives the central bank ample room to ...

The end of the longest-ever government shutdown wasn't cheered by investors on Thursday. Stocks ended Thursday deep in the red. The Dow Jones Industrial Average lost nearly 800 points, and investors ...

Mortgage rates rose by 14 basis points after the Fed cut rates, as Powell's hawkish tone pushed back on December rate cut expectations. AI Summary When mortgage rates are near 6% and bond yields are ...

After months of speculation and market anticipation, the Federal Reserve finally pulled the trigger last week, cutting the federal funds rate by 25 basis points to 4.00 to 4.25 percent. This marks the ...

Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, expressed uncertainty today about how many additional rate cuts would be needed to reach a neutral policy stance. Kashkari and ...

Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance.