American households saving money for their children’s educations can leverage tax-advantaged 529 accounts to make their dollars go further. 529 education savings accounts are typically opened by parents, guardians or grandparents for minor children and allow those savings to grow on a tax-deferred basis, and funds can be withdrawn tax-free…
Americans who are retired or are approaching retirement and are evaluating their investment portfolios can turn to exchange-traded funds (ETFs) that may offer built-in diversification for core holdings or exposure to specific sectors. ETFs are securities that typically track indexes and allow investors to get exposure to a number of companies…
This story about the April 2026 PCE inflation is developing and will be updated with more details. The Federal Reserve’s preferred inflation gauge remained stubbornly high in April as consumers continued to face elevated price growth.The Commerce Department on Thursday reported that the personal consumption expenditures (PCE) index rose 0.4% on a…
As a parent, one thing I often try to emphasize to my kids is the importance of hard work. Study a little bit for a test, and you might walk away with a 95. Study harder, and you could score 100 instead. I’m also no stranger to hard work. There’s…
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Three major hospital systems on Monday filed lawsuits accusing CVS Health and its subsidiaries of running a secret scheme that…
Stellantis on Thursday announced a $70 billion turnaround strategy that aims to refocus the automaker on core brands, partnerships and…
Despite triumphant headlines from Wall Street, one prominent economic forecaster is sounding the alarm that the U.S. economy is sitting…
Americans of all ages are facing affordability concerns, with retirees on fixed incomes in particular feeling the strain – though…
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Americans who are planning to grill this Memorial Day weekend are likely to see prices notably higher for a number of barbecue staples as persistent inflation squeezes household budgets. The Bureau of Labor Statistics’ most recent consumer price index (CPI) inflation data from April showed…
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The federal government is projected to run a budget deficit of at least $2 trillion this fiscal year, according to an estimate by the Treasury Department and bond market participants. Earlier this month, the Treasury released its quarterly refunding documents for the second quarter of the calendar year, which included…
For 25 years, Mike Georgopoulos — better known to his friends as “Mikey G” — has built a legacy in San Diego, opening 30 restaurants in the last decade alone. But today, the veteran entrepreneur says the California dream is being choked by a math problem that no longer adds…
New York Gov. Kathy Hochul announced Monday that the Long Island Rail Road (LIRR) strike is set to end after the Metropolitan Transportation Authority (MTA) and union leaders reached an agreement. In a post on X, Hochul said phased LIRR service is expected to resume Tuesday at noon, easing travel…
Young Americans are working to save money for their future goals and retirement despite housing costs straining their budgets, a new report finds. Bank of America on Tuesday released its latest Better Money Habits study of how adult members of Gen Z are handling their finances in adulthood. It found…
Americans looking to retire this year may be considering relocating to a new city that allows their retirement savings to go further, and a new analysis by GOBankingRates spotlights five cities to consider. The amount an individual or couple needs to have saved to retire can vary significantly across different…
Thousands of Long Island Rail Road workers are officially on strike as of midnight Saturday, effectively shutting down the nation’s busiest commuter railroad in its first strike in more than three decades and threatening major economic disruption across the New York region ahead of Memorial Day travel. The strike halted…
Amazon is facing a new class action lawsuit accusing the company of failing to refund tariff-related costs it passed on to consumers through higher prices in order to appease the Trump administration. Consumers allege in a proposed lawsuit filed in Seattle that the tech giant collected hundreds of millions of…
Coffee giant Starbucks is slashing about 300 U.S. support roles and closing some regional support offices. “We are taking further action under the Back to Starbucks strategy, building on our strong business momentum and working to return the company to durable, profitable growth,” a Starbucks spokesperson said in a statement to FOX…
Walmart is cutting or relocating jobs as the world’s largest retailer undertakes an effort to simplify its operating structure. The Wall Street Journal on Tuesday reported that Walmart is laying off or relocating roughly 1,000 corporate workers, according to people familiar with the situation.”We’ve made changes to simplify how the…
Boeing CEO Kelly Ortberg is among the group of American business leaders who have traveled to China with President Donald Trump and is pursuing what could be a sizable deal for the planemaker. Ortberg said on a call with analysts last month that the visit represents “a meaningful opportunity for…
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