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.
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.
Seniors worry Social Security increase not enough to cover rising costs: Survey
More than half of survey respondents said the latest increase to Social Security benefits doesn't adequately cover rising costs. As inflation rises, the increase in spending exceeded the latest 8.7% COLA adjustment.
More than half of survey respondents said the latest increase to Social Security benefits doesn't adequately cover rising costs. As inflation rises, the increase in spending exceeded the latest 8.7% COLA adjustment.
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.
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.
Cub Foods workers reach tentative agreement ahead of holiday weekend strike
Cub Foods employees reached an agreement ahead of a looming strike that would have affected dozens of stores on a busy holiday weekend.
Cub Foods employees reached an agreement ahead of a looming strike that would have affected dozens of stores on a busy holiday weekend.
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.
Cub Foods says stores will stay open during holiday weekend worker's strike
Cub Foods leaders say stores will stay open in Minnesota despite a strike planned for the holiday weekend.
Cub Foods leaders say stores will stay open in Minnesota despite a strike planned for the holiday weekend.
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.
Minnesotans' annual pay increased 6.6% in March, according to ADP
Employees who have stayed in their roles the past 12 months have increased their pay an average of 6.6% year-over-year in March.
Employees who have stayed in their roles the past 12 months have increased their pay an average of 6.6% year-over-year in March.
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.
Social Security cuts could be coming soon — here's who will be affected
A recent government report suggests that Social Security funds face a long-term financial crunch that could mean some benefits get cut sooner for retirees.
A recent government report suggests that Social Security funds face a long-term financial crunch that could mean some benefits get cut sooner for retirees.
President Biden visits Fridley to tout economic agenda
President Joe Biden visited Minnesota on Monday, making a stop in Fridley to tout his economic agenda.
President Joe Biden visited Minnesota on Monday, making a stop in Fridley to tout his economic agenda.
Texas woman pays off $70K in debt in just two years by 'cash stuffing'
Jasmine Taylor of Amarillo, Texas, saved money by using the "cash stuffing" method — allowing her to pay off debt in just two years. Here's how she did it successfully.
Jasmine Taylor of Amarillo, Texas, saved money by using the "cash stuffing" method — allowing her to pay off debt in just two years. Here's how she did it successfully.
When could Social Security run out of money? Fund faces insolvency earlier than expected
Social Security and Medicare face long-term shortfalls that could lead to smaller payments.
Social Security and Medicare face long-term shortfalls that could lead to smaller payments.
Many electric vehicles to lose big tax credit under proposed new rules
Fewer new EVs will qualify for a full $7,500 federal tax credit under the rules proposed Friday by the U.S. Treasury Department.
Fewer new EVs will qualify for a full $7,500 federal tax credit under the rules proposed Friday by the U.S. Treasury Department.
Apple Pay Later launches after a six-month delay
Apple announced the soft launch of its long-awaited buy now, pay later service option for Apple Wallet.
Apple announced the soft launch of its long-awaited buy now, pay later service option for Apple Wallet.
First Citizens to acquire troubled Silicon Valley Bank, FDIC says
Customers of Silicon Valley will automatically become customers of First Citizens, which is headquartered in North Carolina.
Customers of Silicon Valley will automatically become customers of First Citizens, which is headquartered in North Carolina.
Gas prices drop despite rising demand, tighter supply: AAA
Gas prices decreased this week to $3.49 per gallon, AAA reported. And prices could hold steady as the price of oil remains low, despite a rise in demand for gas.
Gas prices decreased this week to $3.49 per gallon, AAA reported. And prices could hold steady as the price of oil remains low, despite a rise in demand for gas.