The Federal Reserve left rates unchanged at its latest meeting this week, but its aggressive rate-hiking campaign over the past 16 months has left borrowing rates for consumers higher than they have been in years. Here is a look at where interest rates are hovering for home mortgages, credit cards and auto loans: Home loans According to the latest data from Freddie Mac, the average rate for a 30-year, fixed-rate mortgage is 7.18%, the highest level in two decades and more than three points...

Global wealth fell last year for the first time since the financial crisis of 2008, according to an annual report released Tuesday. The Global Wealth Report issued jointly by Credit Suisse and UBS found total private wealth declined by 2.4% to $454.4 trillion, and wealth per adult fell 3.6% to $84,718 by the end of 2022. (iStock / iStock) The analysis determined much of the decline was due to appreciation of the U.S. dollar against several other currencies and noted the losses were heavily...

There's a storm brewing in the property insurance market, and companies and consumers alike are starting to feel it. BlackRock CEO Larry Fink told FOX Business last month that not enough attention is being paid to the fact that major insurance companies are fleeing California and Florida because they cannot raise rates high enough to meet returns. Fink warned, "We're displacing a really large segment of America today that are not going to be able to afford homeowners insurance if they are in...

AAA says it will not be renewing some insurance policies in Florida due to an "unprecedented" rise in reinsurance rates in the state following last year's hurricane season, making the company the latest insurer to reduce its risk exposure in the Sunshine State. In a statement released to FOX Business on Wednesday, AAA emphasized that it is not leaving the state of Florida and actually intends to increase new auto and homeowners business there, but has stopped renewing "a small percentage of...

Patriotic online marketplace PublicSq. is thriving as more American consumers seek out products and services offered by non-woke companies, and now the conservative alternative to Amazon will soon be owned by "we the people." The platform, which touts itself as being pro-life, pro-family and pro-freedom, will merge Wednesday with Colombier Acquisition Corp. in a special purpose acquisition company (SPAC) deal and will become a public company trading under ticker symbol PSQH on the New York...