Jackyenjoyphotography | Moment | Getty Images A legal battle is brewing over new federal rules related to accounts that hold money to pay homeowners’ property taxes and insurance payments. Ten state attorneys general filed a lawsuit on Tuesday seeking to invalidate a pair of Office of the Comptroller of the Currency rules that allow certain banking institutions…
Francesca Hong, a democratic socialist running for Wisconsin governor, this week narrowly lost her primary battle against David Crowley, a Milwaukee County executive, but that doesn’t mean the sheen has rubbed off on the left. With 82 days before the midterm elections, younger voters are taking up the mantel for Democratic Socialism, according to a…
In 2026, gold has been a tough trade to time right, falling from a 10-year high over $5,300 an ounce that it reached early in the year by as much as 18%, according to Goldprice.org. But last week was the precious metal’s best week since January, while gold mining stocks had their hottest five-day run…
Director of the National Economic Council Kevin Hassett speaks to reporters outside of the White House in Washington, on Aug. 7, 2026. Anna Moneymaker | Getty Images A tax break for Americans selling their primary residence could become part of the Trump administration’s midterm pitch. But experts say such an effort is unlikely to happen…
Customers looking at products in the refrigerated section inside Publix grocery store, North Beach, Miami Beach, Florida. Jeff Greenberg | Universal Images Group | Getty Images The Social Security cost-of-living adjustment for 2027 may be 3.4% to 3.6%, according to new estimates based on government inflation data released Wednesday. The Social Security cost-of-living adjustment, or…
A person pumps gas at a Chevron gas station on Aug. 7, 2026 in Austin, Texas. Brandon Bell | Getty Images Consumer prices rose in July — a reversal of the pullback in June — but showed inflation broadly moderating, even as energy remained sharply higher than a year ago. The consumer price index, an inflation…
NY Fed: Credit card debt hits $1.26 trillion, K-shaped divide persists Search quotes, news & videos Source link
US President Donald Trump speaks during the Trump Accounts Launch Summit in Washington, DC, US, on Wednesday, Jan. 28, 2026. Valerie Plesch | Bloomberg | Getty Images The U.S. Treasury Department and IRS proposed regulations this week on how employers and employees can fund Trump Accounts, the new tax-deferred investing option for children. The proposed regulations…
Elyse Lewin | The Image Bank | Getty Images Married student loan holders — and those soon tying the knot — face important tax and financial decisions, especially after recent changes to the federal lending system. The U.S. Department of Education’s new Repayment Assistance Plan, or RAP, increases the “marriage penalty” for borrowers, said Douglas…
Even as Federal Reserve Chairman Kevin Warsh implements measures to curtail so-called forward guidance — or how the Fed signals its future rate moves — investors are largely expecting an increase in interest rates in the months ahead. The central bank has kept rates on hold all year as officials deliberated next steps with inflation remaining well…