The House voted yesterday to raise the federal minimum wage to $15 an hour by 2025, the New York Times reported. The bill would more than double the federal minimum wage, which is $7.25 an hour — about $15,000 a year for someone working 40 hours a week, or about $10,000 less than the federal poverty level for a family of four. It...

The Consumer Financial Protection Bureau said in a report that a bit more than one in four —  to be specific, 28 percent — of consumers have had at least one debt in collections. The report, released Thursday (July 18), examined collections tradelines — information about a consumer account sent to a credit...

The number of speculative oil and gas companies in financial distress is starting to increase as investors lose interest, access to more credit is throttled and companies struggle to live within cash flows, according to a S&P Global Ratings report looking at the finances of exploration and production companies midway through 2019....