A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed’s reluctance to cut interest rates anytime soon and underscoring a burden for President Joe Biden’s re-election bid. Friday’s report from the government showed that prices rose 0.3% from February to March, the same as in the previous month. It was the third straight month that the index has run at a pace faster than is consistent with the Fed’s 2% inflation target. Measured from a year earlier, prices were up 2.7% in March, up from a 2.5% annual rise in February. After ..read more

What if you took a beloved shingle-style Cape and transformed it with a high-end restoration without losing any of its vintage appeal? You’d get the timeless allure of 149 East Bay Road in Osterville. The property is every bit as inviting as it must have been in 1958 — set to a backdrop of mature trees in a prime location between Osterville Village and Dowses Beach — with some incredible upgrades. Past a short, winding driveway, the Belgian block stonework entrance creates an enchanting path to a front porch and the impeccable living spaces just beyond. The attention to detail and craftsmanshi ..read more

By Melissa Lambarena | NerdWallet Taking that much needed vacation while on a debt payoff journey may seem impossible, but it doesn’t have to be. By planning a vacation that suits your budget and keeps goals on track, you can transport yourself somewhere new and recharge. Related Articles Business | Retirement could come sooner than you think — how to plan for it Business | Survey: More than 1 in 3 American travelers plan to go into debt for their summer vacations this year Business | Is financial trauma holding you back from living your best life? Business | How couples can share the men ..read more

Former Boston Police Commissioner William Gross is stepping up to the plate for North End restauranteurs. He’s headlining a rally Friday at the Paul Revere Mall on Hanover Street at 3 p.m. The Herald has learned part of that rally will be a poster that will be passed around urging those who disagree with the crackdown on outdoor dining in the North End to call the mayor’s 311 “with reservations.” A group of restaurant owners say they have been unfairly targeted by Mayor Michelle Wu for banning on-street dining in the North End, limiting the al fresco option to “compliant sidewal ..read more

The Biden administration issued final rules to require airlines to automatically issue cash refunds for things like delayed flights and to better disclose fees for baggage or canceling a reservation. The Transportation Department said airlines will be required to provide automatic cash refunds within a few days for canceled flights and “significant” delays. Under current regulations, airlines decide how long a delay must last before triggering refunds. The administration is removing that wiggle room by defining a significant delay as lasting at least three hours for domestic flights and six ho ..read more

By Kate Ashford | NerdWallet The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. American workers expect to retire at a median age of 65, according to a 2023 survey from the Employee Benefit Research Institute (EBRI). But the actual median age for retirement is 62, the survey found. That may not seem like a big gap, but if you retire three years earlier than planned, that’s three fewer years of ..read more

Julie Rovner, David Hilzenrath | (TNS) KFF Health News New technologies are making it easier for companies to fix prices and discriminate against individual consumers, the Biden administration’s top consumer watchdog said Tuesday. Algorithms make it possible for companies to fix prices without explicitly coordinating with one another, posing a new test for regulators policing the market, said Lina Khan, chair of the Federal Trade Commission, during a media event hosted by KFF. “I think we could be entering a somewhat novel era of pricing,” Khan told reporters. Khan is regarded as one of the mo ..read more

By DAVID BAUDER (AP Media Writer) NEW YORK (AP) — Catch and kill. Checkbook journalism. Secret deals. Friends helping friends. Even by National Enquirer standards, testimony by its former publisher David Pecker at Donald Trump’s hush money trial this week has revealed an astonishing level of corruption at America’s best-known tabloid and may one day be seen as the moment it effectively died. “It just has zero credibility,” said Lachlan Cartwright, executive editor of the Enquirer from 2014 to 2017. “Whatever sort of credibility it had was totally damaged by what happened in court this week.” O ..read more

By WYATTE GRANTHAM-PHILIPS (AP Business Writer) NEW YORK (AP) — Legislation forcing TikTok’s parent company to sell the video-sharing platform or face a ban in the U.S. received President Joe Biden’s official signoff Wednesday. But the newly minted law could be in for an uphill battle in court. Critics of the sell-or-be-banned ultimatum argue it violates TikTok users’ First Amendment rights. The app’s China-based owner, ByteDance, has already promised to sue, calling the measure unconstitutional. But a court challenge’s success is not guaranteed. The law’s opponents, which include advocacy org ..read more

By PAUL WISEMAN (AP Economics Writer) WASHINGTON (AP) — The nation’s economy slowed sharply last quarter to a 1.6% annual pace in the face of high interest rates, but consumers — the main driver of economic growth — kept spending at a solid pace. Thursday’s report from the Commerce Department said the gross domestic product — the economy’s total output of goods and services — decelerated in the January-March quarter from its brisk 3.4% growth rate in the final three months of 2023. A surge in imports, which are subtracted from GDP, reduced first-quarter growth by nearly 1 percentage point. Gr ..read more