A trader works as a screen displays the trading information for GameStop on the floor at the New York Stock Exchange. Brendan McDermid | Reuters The GameStop stock frenzy and the retail trading revolution it created five years ago were fueled in part by a financial malaise among younger investors, according to experts. That generational…
Nico De Pasquale Photography | Moment | Getty Images The IRS owes some taxpayers refunds after they were mistakenly left out of a pandemic-era IRS relief program, according to a new watchdog audit. More than 2,100 taxpayers have had their tax accounts corrected after auditors found they were collectively eligible for an estimated $463,000, according…
Construction on the Marriner S. Eccles Federal Reserve Board Building in Washington, Jan. 12, 2026. Pete Kiehart | Bloomberg | Getty Images The Federal Reserve kept its benchmark interest rate unchanged Wednesday at the conclusion of its first policy decision of the year. In the face of escalating political pressure from President Donald Trump, a softening…
Brad Gerstner, Altimeter CEO, speaking with CNBC on Jan. 28th, 2026 in Washington, D.C. CNBC Altimeter Capital CEO Brad Gerstner announced Wednesday a commitment to seed Trump accounts, a type of investment account for kids, for children in his home state of Indiana. “I’m going to contribute dollars to kids in Indiana,” Gerstner, a hedge fund manager who…
Treasury Secretary Scott Bessent said “600,000 families out of an estimated 25 million” have already signed up for Trump accounts since the official start of tax season on Monday. “We want all Americans to start signing up,” he said in an interview with CNBC. Bessent also attended a summit on Wednesday with President Donald Trump to promote Trump…
Nicki Minaj attends the 2025 Met Gala Celebrating “Superfine: Tailoring Black Style” at Metropolitan Museum of Art on May 05, 2025 in New York City. Dia Dipasupil | Getty Images Rap artist Nicki Minaj will contribute between $150,000 and $300,000 to fund her fans’ Trump accounts. The Grammy-nominated star will attend a summit on Wednesday with President…
Hirurg | E+ | Getty Images As tax season opens and the IRS prepares for millions of returns, the agency’s internal watchdog warns that certain taxpayers could have problems in 2026. While the 2025 filing season was generally a “smooth experience,” the current year could present “greater challenges” for some filers, National Taxpayer Advocate Erin…
Maskot | Maskot | Getty Images Efforts in Congress to create a federal “click to cancel” rule — intended to make canceling subscriptions as easy as it is to sign up for them — have ramped up. A bipartisan House bill called the Unsubscribe Act was introduced in mid-January as a companion to a Senate…
The Good Brigade | Digitalvision | Getty Images President Donald Trump last week took exception to a proposal backed by one of his economic advisors to let Americans tap their 401(k) savings for home downpayments — an idea that many financial advisors also oppose. “I’m not a huge fan. Other people like it,” Trump told…
Fcafotodigital | E+ | Getty Images The IRS kicked off the 2026 tax season on Monday, and filers will see changes from President Donald Trump‘s “big beautiful bill” that could impact their 2025 returns. About 164 million individual tax returns are expected before the April 15 deadline, and many could receive bigger tax refunds after…