A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, on April 4, 2025. Timothy A. Clary | Afp | Getty Images Many investors remain enamored with the so-called “Mag 7” and the tech-led U.S. stock market. A history lesson may be in order so they don’t get…
New government data due this morning will show how median weekly earnings for full-time wage and salary workers changed in the second quarter. Even when pay rises, higher prices can limit how far those gains will go, and many Americans are feeling the paycheck pressure. CNBC’s Sharon Epperson joins ‘Squawk Box’ with the results of…
Momo Productions | Digitalvision | Getty Images Using artificial intelligence can make people “boring,” according to Sandra Matz, a professor at Columbia Business School. Her research on the topic indicates two direct consequences for workers: stagnation and mediocrity. “When employees use it to outsource critical thinking or creative reasoning, there’s a real risk of gradually…
Vladimir Vladimirov | E+ | Getty Images For victims of fraud, a second financial blow sometimes comes their way — they owe taxes on the stolen money. Scam victims have faced restrictions on whether they can claim their losses as a deduction on their tax return since 2018, due to a temporary change under the…
Morsa Images | Digitalvision | Getty Images Even as home price gains have slowed, buying a house doesn’t appear to be getting any easier. Homebuyer affordability slid in June for the fifth consecutive month, according to the National Association of Realtors’ latest housing affordability index. Based on the median price of a single-family house, $446,400,…
IRS CEO Frank Bisignano, who has been tapped to lead the expansion of Trump Accounts, told CNBC’s “Squawk Box” on Thursday that he expects every family could someday have one of the new tax-deferred investment accounts for children. “We have the ability to enroll people very simply, and I think the objective is to have…
People walk past the U.S. Internal Revenue Service (IRS) building in Washington, D.C., U.S., Nov. 14, 2025. Elizabeth Frantz | Reuters There has been an uptick in the number of tax liens filed by the Internal Revenue Service in recent years, exposing more people who owe a federal tax debt to potential job loss, the…
Xavier Lorenzo | Moment | Getty Images While federal courts have blocked the Trump administration’s efforts to curb eligibility for Public Service Loan Forgiveness, other recent changes still impact borrowers’ ability to benefit from the program. For example, a new repayment plan doesn’t qualify for PSLF, and many parent borrowers may now be locked out…
To retire comfortably, Americans think they will need $1.2 million saved, according to a new survey from global investment manager Schroders. Yet just 30% of the workplace retirement plan participants surveyed said they think they’ll reach a $1 million savings mark before retiring, the survey found. More than half — 51% — said they…
People walk with umbrellas outside of the U.S. Capitol Building on July 09, 2026 in Washington, DC. Heavy rain and lightning swept through the city on Thursday night. Finn Gomez | Getty Images A bipartisan group of senators is introducing a bill to initiate action on Social Security reform. The PROMISE Act — which stands…