US fourth quarter GDP beats expectations and recession odds

Real GDP increased at an annual rate of 3.3% for the October-through-December period after rising 4.9% in the third quarter of 2023, according to the BEA's advance estimate released Thursday.

Biden cancels another $5 billion in student loan forgiveness – Here's who is impacted

The Biden Administration announced an additional $5 billion in student loan forgiveness that impacts borrowers using the income-driven repayment (IDR) and Public Service Loan Forgiveness (PSLF) plans.

IRS to start simplifying notices to taxpayers this year

The IRS on Tuesday announced that it will redesign and simplify the long and often complicated notices it sends to taxpayers every year. 

Social Security is coming for a bigger chunk of your paycheck

The portion of personal income subject to the Social Security tax has increased to $168,600 this year from $160,200 in 2023.

Read this before you sign up for a college credit card

Signing up for financial products your college is offering can sometimes be the worst deal, a recent CFPB report said.

Los Angeles Times to lay off 20% of its newsroom

The Los Angeles Times is laying off more than 20% of its newsroom beginning this week in one the largest staff cuts in the newspaper's 143-year history.

TurboTax maker Intuit barred from advertising 'free' tax services

The FCT says Intuit engaged in deceptive practices by running ads that claimed consumers could file their taxes for free using TurboTax though many people did not qualify for such free offerings.

Your significant other expects you to spend over $100 on Valentine's Day

Americans in relationships believe their partners expect them to spend an average of $157.52 on gifts this Valentine's Day, according to a recent Trustpilot survey.

Biden cancels student loan debt for another 74K borrowers

Of the 74,000 borrowers approved for relief Friday, the administration said nearly 44,000 of them are teachers, nurses, firefighters and others with public service careers.

Congress OKs spending bill to avert government shutdown through early March

Congress has sent President Joe Biden a short-term spending bill that would avert a looming partial government shutdown and fund federal agencies into March.

Walmart raises pay for store managers; here’s how much you could make

"Investing in you is an investment in our future,” Cedric Clark the executive vice president of store operations at Walmart said in a note to U.S. store managers on Jan. 18.