US retail sales fall amid high inflation, rising rates
The decline in sales adds to other recent evidence that the economy is cooling as consumers grapple with higher interest rates and the impact of a year-long bout of elevated inflation.
The decline in sales adds to other recent evidence that the economy is cooling as consumers grapple with higher interest rates and the impact of a year-long bout of elevated inflation.
Senior Fed official sees need for more interest rate increases
Last month, inflation slowed as food and gas prices fell, but excluding those volatile categories, “core” prices kept rising and are 5.6% higher than a year ago.
Last month, inflation slowed as food and gas prices fell, but excluding those volatile categories, “core” prices kept rising and are 5.6% higher than a year ago.
Darrell Brooks restitution hearing; judge orders Brooks to pay more
Convicted Waukesha Christmas parade attacker Darrell Brooks will pay more to the victims of his crimes. That is the decision of a Waukesha County judge after a restitution hearing.
Convicted Waukesha Christmas parade attacker Darrell Brooks will pay more to the victims of his crimes. That is the decision of a Waukesha County judge after a restitution hearing.
Why your tax refund could be smaller than last year
If you're expecting a tax refund, it could be smaller than last year. And with inflation still high, that money won’t go as far as it did a year ago.
If you're expecting a tax refund, it could be smaller than last year. And with inflation still high, that money won’t go as far as it did a year ago.
$1M Mega Millions ticket sold in Arizona
No one won the $441 million Mega Millions jackpot from Tuesday night's drawing, but someone in Arizona is taking home a pretty big prize!
No one won the $441 million Mega Millions jackpot from Tuesday night's drawing, but someone in Arizona is taking home a pretty big prize!
Many Americans plan to use their tax refunds to build savings in 2023, survey says
Americans challenged by inflation and rising costs plan to save less than $5,000 in 2023 and many are relying on tax refunds to make ends meet, a recent TaxAct survey said.
Americans challenged by inflation and rising costs plan to save less than $5,000 in 2023 and many are relying on tax refunds to make ends meet, a recent TaxAct survey said.
Cheaper gas and food provide some relief from inflation in US
Much of the drop resulted from price declines for such goods as gas, used cars and furniture, which had soared a year ago after Russia’s invasion of Ukraine.
Much of the drop resulted from price declines for such goods as gas, used cars and furniture, which had soared a year ago after Russia’s invasion of Ukraine.
More Americans taking 'side hustles' to make ends meet
In today's expensive world, many Americans are turning to side hustles to make ends meet. From pet-sitting to food delivery, people are taking on extra work to pay for unexpected expenses and to gain disposable income.
In today's expensive world, many Americans are turning to side hustles to make ends meet. From pet-sitting to food delivery, people are taking on extra work to pay for unexpected expenses and to gain disposable income.
Medicare beneficiaries would need more than $300,000 for healthcare costs in retirement: EBRI
Medicare beneficiaries in retirement would need to have saved anywhere from $96,000 to $383,000 to cover most of their healthcare needs, according to EBRI. The organization found that in general, Medicare Advantage enrollees have lower savings targets. But these private industry plans have their pros and cons.
Medicare beneficiaries in retirement would need to have saved anywhere from $96,000 to $383,000 to cover most of their healthcare needs, according to EBRI. The organization found that in general, Medicare Advantage enrollees have lower savings targets. But these private industry plans have their pros and cons.
Michael Jordan's 1998 NBA Finals sneakers could net $2 million
Bidding for a set of sneakers NBA legend Michael Jordan donned during an NBA Finals game in his last season with the Chicago Bulls closes later Tuesday, and they could go for an eye-popping amount.
Bidding for a set of sneakers NBA legend Michael Jordan donned during an NBA Finals game in his last season with the Chicago Bulls closes later Tuesday, and they could go for an eye-popping amount.
You missed the tax deadline. Now what?
The tax deadline is a little over a week away, but if you miss it, don’t worry, the IRS has options to avoid paying fees and penalties.
The tax deadline is a little over a week away, but if you miss it, don’t worry, the IRS has options to avoid paying fees and penalties.
Mega Millions numbers selected for Friday’s $414M jackpot
The Mega Millions jackpot continues to grow after no ticket matched all six numbers drawn Friday night.
The Mega Millions jackpot continues to grow after no ticket matched all six numbers drawn Friday night.
Gas prices increase as OPEC cuts oil production
After OPEC announced it intends to decrease production starting in May, gas prices increased, according to AAA’s latest gas prices report.
After OPEC announced it intends to decrease production starting in May, gas prices increased, according to AAA’s latest gas prices report.
Diddy admits he pays Sting $5K per day for 'Every Breath You Take' sample
Sean "Diddy" Combs' 1997 "I'll Be Missing You" used a sample of Sting's 1983 hit song without permission. He's been paying for it ever since.
Sean "Diddy" Combs' 1997 "I'll Be Missing You" used a sample of Sting's 1983 hit song without permission. He's been paying for it ever since.
US adds 236,000 jobs in March despite Fed's rate hikes
The latest signs increasingly suggest that an economic slowdown may be upon us.
The latest signs increasingly suggest that an economic slowdown may be upon us.
IRS promises more audits of wealthy taxpayers, better customer service
IRS officials pledge not to raise audit rates on small businesses and households making under $400,000 annually. A new report from the agency says most of the money for the program is to pursue high-wealth individuals and companies.
IRS officials pledge not to raise audit rates on small businesses and households making under $400,000 annually. A new report from the agency says most of the money for the program is to pursue high-wealth individuals and companies.
Most Americans don’t know these financial solutions could help lower their tax burden: survey
Only 2% of Americans can correctly identify financial solutions with tax advantages, despite one in three saying they prioritize investments that would help them pay less in taxes either now or in the future, a recent Lincoln Financial Group survey said.
Only 2% of Americans can correctly identify financial solutions with tax advantages, despite one in three saying they prioritize investments that would help them pay less in taxes either now or in the future, a recent Lincoln Financial Group survey said.
Billionaires Bezos, Musk slide in Forbes World's Richest list
The world's richest person saw their wealth jump by $53 billion in the past year.
The world's richest person saw their wealth jump by $53 billion in the past year.
As inflation persists, Americans choosing money over love, staying in relationships for financial dependency
A new survey found nearly a quarter of coupled Americans reported staying in their current relationships due to financial dependency.
A new survey found nearly a quarter of coupled Americans reported staying in their current relationships due to financial dependency.
Dogecoin soars after Elon Musk’s Twitter bird switch
Twitter users on Monday noticed the social media platform’s well-known bird logo had been exchanged for a different animal a shiba inu.
Twitter users on Monday noticed the social media platform’s well-known bird logo had been exchanged for a different animal a shiba inu.