Michael M. Santiago | Getty Images News | Getty Images The labor market is currently in a frozen state, characterized by low hiring and turnover — and economists said the war in Iran could exacerbate the problem. “It will chill the labor market even more,” Nicholas Bloom, an economics professor at Stanford University, said last…
Will & Deni Mcintyre | Corbis Documentary | Getty Images The SAVE plan is officially defunct, but millions of student loan borrowers remain enrolled in the program — a decision that may cost them greatly. After lengthy legal battles, a federal appeals court earlier this month ordered the end of the Saving on a Valuable…
With the Iran war in its fifth week, consumers are getting hit hard by surging energy costs. Now, some lawmakers are warning of the potential for price gouging, even as experts point to extreme supply shocks. Traffic through the Strait of Hormuz, a critical maritime shipping route for global oil supplies, remains effectively at a standstill, causing the biggest…
Some lawmakers want to expand retirees’ options for making charitable donations from their individual retirement accounts. Under current tax law, anyone who’s at least age 70½ can make what’s known as a qualified charitable distribution, or QCD, which is a direct transfer from an IRA to an eligible nonprofit. A new bipartisan Senate bill would…
Blackrock CEO Larry Fink speaks on the set of CNBC on the floor of the New York Stock Exchange on April 11, 2025. Timothy A. Clary | Afp | Getty Images More than 70 million Americans — including retirees, disabled individuals and families — rely on Social Security benefits for monthly income. It’s “one of…
Larry Fink, chief executive officer of BlackRock Inc., speaks during BlackRock’s 2026 Infrastructure Summit in Washington, DC, US, on Wednesday, March 11, 2026. Daniel Heuer | Bloomberg | Getty Images BlackRock CEO Larry Fink said Trump accounts could be a successful early wealth-building tool for children in the U.S., when paired with pre-existing investment vehicles. In his…
A container ship is seen docked at the Port of Los Angeles on March 13, 2026 in Los Angeles, California. Justin Sullivan | Getty Images Tariffs are expected to cost the average household several hundred dollars to perhaps more than $1,000 this year, according to various economic analyses. But each household may wind up paying…
Oscar Wong | Moment | Getty Images As headlines swirl about trouble in the private credit market, investors might wonder whether it means significant problems lie ahead for these assets. Right now, pockets of weakness exist. Those shouldn’t be ignored, but they don’t foretell a broad-based meltdown among private credit funds, some financial advisors say….
Chicago attorney Rachel Cohen owes more than $8,000 in federal income taxes — but has intentionally left that balance unpaid. “I’m not paying my federal income tax this year,” Cohen said in a widely viewed TikTok video from March 2 about her decision. The 31-year-old community organizer filed her federal tax return, which shows a…
Granger Wootz | Tetra Images | Getty Images The average tax refund is 10.8% higher so far this season, compared to about the same period in 2025, according to the latest IRS filing data. As of Mar. 13, the average refund amount for individual filers was $3,623, up from $3,271 about one year ago, the IRS reported on Friday….