What the interest rate hike means for homebuyers

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 months, homebu…

Revlon has filed for bankruptcy after 90 years in business

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 C…