What the interest rate hike means for homebuyers

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Phillip Spears/Getty Images (NEW YORK) — A difficult year for many homebuyers became even tougher when the Federal Reserve dramatically raised borrowing costs this week in an effort to tame sky-high inflation, experts told ABC News. For

Revlon has filed for bankruptcy after 90 years in business

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Daniel Acker/Bloomberg via Getty Images (NEW YORK) — Revlon has officially filed for bankruptcy. The 90-year-old cosmetics giant announced on Thursday that the company voluntarily petitioned for reorganization under Chapter 11 in the U.S. Bankruptcy Court for

How to prepare for a possible recession

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LilliDay/Getty Images (NEW YORK) — A number of forces are putting pressure on the economy right now and that has Wall Street betting on a recession sometime in the next 12 to 18 months. Consumer prices are

Scoreboard roundup — 6/16/22

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iStock (NEW YORK) — Here are the scores from Thursday’s sports events: MAJOR LEAGUE BASEBALL INTERLEAGUE Cleveland 4, Colorado 2 AMERICAN LEAGUE Oakland 4, Boston 3 Baltimore 10, Toronto 2 NY Yankees 2, Tampa Bay 1 Texas