Learn about per diem interest, how it's calculated, its role in loans like mortgages, and why it's essential for borrowers to understand before closing a loan.

The Federal Reserve on Wednesday issued the third consecutive quarter-point interest rate cut this year — likely impacting everything from credit card rates and mortgages to online savings accounts.

Annual percentage yield (APY) is the effective annual rate of return on an investment. Learn how it accounts for compounding interest and how it differs from APR.

Welcome to the multi-award-winning Money Distilled newsletter. I’m John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money. How ...

The president's announcement that the U.S. would resume tests leaves questions. President Donald Trump raised questions Wednesday night about a decades-old U.S. prohibition on testing its nuclear ...

Federal Reserve cut target rate to 3.75–4.00%, aiming to spur modest demand. Californians likely see minimal consumer relief; credit and mortgage rates barely shift. Economic forecasts project ...

It’s a phrase running rampant online and in classrooms among Gen Alpha and Gen Z. If you're confused by your teenager's use of the phrase "six, seven," you're not alone. Often paired with a double ...

In March 2022, the Federal Reserve began aggressively raising interest rates, a trend that lasted until mid-2023. Rates reached a high-water mark of 5.25% to 5.5%. In late 2024, the rates began to ...

Formula 1 announced a five-year deal Friday with Apple, which will be the global motorsports series’ U.S. broadcast partner beginning next season. Apple and F1 logos are displayed at news conference ...

Formula 1 announced a five-year deal Friday with Apple, which will be the global motorsports series’ U.S. broadcast partner beginning next season. ESPN had been the broadcast partner since 2018 and ...