Live US finance and payments updates: bitcoin drips, $400 monthly checks for car owners, 2022 child tax credit, SS disability…

Headlines: May 15, 2022

– Senior League forecast a COLA increase of 8.6% for Social Security recipients in 2023.

– CEO danger says baby food shortages could last the rest of the year. What did the White House say?

– Bitcoin falls under $30,000what is causing the crypto collapse?

– Russia’s currencythe ruble, is one of three that made profits against the US dollar this year, despite sanctions.

– California governor Gavin Newsom releases new proposal containing sending of Gas stimulus checks to the residents of the state.

– Average price for a gallon of gasoline in the US customs higher up, $4.43 on Friday.

– inflation elevated 0.3 percent in Aprilfor an annual increase of 8.3%.

– US 30-year fixed-rate mortgage interest rate rises to 5.3% According to the St. Louis Fed, higher interest rates could cool house price increases.

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