The Federal Reserve on Wednesday raised its benchmark interest rate by a quarter percentage point and gave little indication that it is nearing the end of this hiking cycle. Aligning with market expectations, the rate-setting Federal Open Market Committee boosted the federal funds rate by 0.25…

Lael Brainard, vice chair of the US Federal Reserve, prior to taking the oath of office during a ceremony in Washington, D.C., on Monday, May 23, 2022.Al Drago | Bloomberg | Getty ImagesThe White House will likely appoint Federal Reserve Vice Chair Lael Brainard to…

andresr | E+ | Getty ImagesMore than 50 million workers quit their jobs in 2022, according to federal data, breaking a record set the year prior and demonstrating the resilience of a hot labor market characterized by ample job opportunity.The trend of workers voluntarily leaving…

Meta shares popped in extended trading on Wednesday after the company reported fourth-quarter revenue that topped estimates and announced a $40 billion stock buyback. Here are the results.Earnings: $1.76 per shareRevenue:  $32.17 billion vs $31.53 billion expected, according to RefinitivThe company also reported restructuring charges for…

Moyo Studio | E+ | Getty ImagesThe first Social Security check was issued 83 years ago. The check, for $22.54, went to retired legal secretary Ida May Fuller of Ludlow, Vermont.Today, in 2023, the average retirement benefit is $1,827 per month, according to the Social…

Tom Brady #12 of the Tampa Bay Buccaneers looks on before the game against the Los Angeles Rams in the NFC Divisional Playoff game at Raymond James Stadium on January 23, 2022 in Tampa, Florida.Kevin C. Cox | Getty ImagesTom Brady announced his retirement from…