What is stagflation? Why the Fed is facing tough decisions this week
As the Federal Reserve meets this week, officials are facing growing concerns about stagflation—a mix of high inflation and a slowing economy. With interest rate cuts expected, the Fed must navigate uncertainty about rising prices, tariffs, and consumer confidence.
Several states seek end to property taxes: Shouldn't have to 'rent from the government'
Levies on migrants' wires to foreign countries could help fill the gap, one lawmaker said.
Time is running out for taxpayers to claim $1B in refunds from 2021
The IRS is warning the public that $1 billion in unclaimed 2021 tax refunds remain because about 1 million taxpayers haven't filed tax returns for that tax year as an April 15 deadline looms.
Trump threatens retaliatory 200% tariff on European wine after EU proposes American whiskey tax
Because of Trump’s threat, a previously untariffed $15 bottle of Italian Prosecco could possibly increase in price to $45.
DOGE cuts threaten IRS free tax-filing program: What to know
IRS Direct File is only in its second year of letting taxpayers file directly with the IRS online, but it may be a casualty of Elon Musk’s DOGE.
Trump's 25% tariffs on all steel and aluminum imports take effect
President Donald Trump has officially increased tariffs on all steel and aluminum imports to 25%. Canada announced retaliatory tariffs in response. Here's what to know.
CPI February update: Egg prices up another 10% though inflation cools
February's CPI report showed egg prices were once again the most volatile, increasing by an average of 10.4% last month. Here's what else it showed.
‘Recession brunette’ hair trend grows amid rising financial concerns
More women are embracing their natural hair color, sparking a ‘recession brunette’ trend driven by financial concerns and a shift toward low-maintenance beauty.
House passes GOP funding bill; Senate up next
If the bill passes the Senate, it will then head to President Donald Trump’s desk for his signature and will fund the federal government through September.
Renting is now cheaper than owning, data shows: See the list of top markets
A new analysis shows that renting is cheaper than owning a home in all of the 100 largest US metros. See the cities where the gap is widest and what this means for renters and buyers.
Late car payments rise to highest level in over 30 years
High car prices and elevated interest rates have strained auto loan borrowers.
Tariffs update: Ontario raises electricity tax for US, China targets American farm products
China has imposed new tariffs on US farm products, while Ontario is hiking electricity prices for Americans in retaliation for President Trump’s escalating trade war. Here’s what it means for consumers.
Tesla stock hit hard as market drops
Tesla’s stock dropped 15% on Monday, deepening 2025 losses. The broader market also faces uncertainty from tariffs.
Almost 40% of Americans receive financial help from family to buy a house: Survey
A new survey reveals that nearly 40% of Americans rely on family financial help for home purchases, most often through parents and grandparents gifting money for a deposit.
What is a recession? Here's the criteria and where the U.S. stands
Thanks to reporting lags and number revisions, recessions typically aren’t declared until well after they have begun.
Here's the average tax refund for 2025 filers so far, according to IRS
The IRS said the average refund amount has increased by 7.5% this year. Here's what to know.
Trump won't rule out recession this year
In an interview with Fox News Channel Sunday, President Trump brushed aside concerns from businesses seeking stability as they make investment decisions.
Social Security changing course in going after overpayments
The Social Security Administration is changing later this month how it will recoup overpayments. Here’s what to know.
Mega Millions ticket price to jump to $5 next month—will bigger prizes lure more players?
Mega Millions will raise its ticket price from $2 to $5 starting next month, offering larger prizes and more winners, according to lottery officials.
3 hospitals on brink of closure in Delco
An unknown future awaits three hospitals in Delaware County after Prospect Medical Holdings told a bankruptcy judge they don't have funds to make payroll past March 14th.