There’s a stark contrast between the effects on high earners and those on low-income households in a sprawling legislative package House Republicans passed Thursday. The bulk of the financial benefits in the legislation — called the “One Big Beautiful Bill […]
House Republican tax bill favors the rich — how much they stand to gain, and why Read More »
The Trump administration’s tariff policies may raise auto insurance premiums for motorists, according to a new Insurify analysis. This at a time when drivers continue to see costs soar amid pandemic-era inflation. A 25% tariff on imports from Canada and Mexico — which may take effect as
Here’s why Trump tariffs may raise your car insurance premiums Read More »
The Trump administration’s purge of federal workers may ultimately amount to the biggest job cut in U.S. history, which is likely to have ramifications for the economy, especially at the local level, according to economists. The White House, with the help of
Many people, especially those with debt, will be discouraged by the recent Federal Reserve forecast of a slower pace of interest rate cuts than previously forecast. However, others with money in high-yield cash accounts will benefit from a “higher for longer” regime,
If interest rates remain ‘higher for longer,’ the winners are those with cash accounts Read More »
The U.S. Treasury Department has delayed the deadline for millions of small businesses to Jan. 13, 2025, to file a new form, known as a Beneficial Ownership Information report. The Treasury had initially required many businesses to file the report
“I don’t want a lot for Christmas / There is just one thing I need / An answer to just one question / An estimate of Mariah Carey’s song royalties, please?” No, my makeshift lyrics aren’t as catchy as the
It’s déjà vu for grocery shoppers, as the price of those Grade A eggs has spiked in recent months, just two years after egg prices soared to record highs. The average retail price of eggs in the U.S. has risen 38% since November 2023,
Egg prices may soon ‘flirt with record highs,’ supplier says. Here’s why. Read More »
Americans traveling to Europe next year may be in store for some bargains. That’s due to euro-U.S. dollar exchange rates. The euro has weakened against the U.S. dollar in recent weeks and is poised to fall further in 2025 and perhaps into 2026, economists
Here’s why Americans traveling to Europe may find bargains in 2025 Read More »
Prospective car buyers considering an electric vehicle may need to act fast to get a Biden-era EV tax credit worth up to $7,500, due to the likelihood that President-elect Donald Trump and Republicans on Capitol Hill will axe those savings in tax negotiations next year, according
There’s ‘real risk’ Trump will axe funding in 2025, lawyer says Read More »
The number of older Americans who report losing more than $100,000 to fraud in a given year has more than tripled since 2020, according to the Federal Trade Commission, a trend that experts say represents a grave and growing threat to older
