Balances for 401(k) retirement accounts hit the “second-highest average on record” in the final quarter of 2024, according to new data from Fidelity Investments. The financial services company found in its newly-released fourth-quarter retirement analysis that balances for that type of retirement plan averaged $131,700. That figure marked a jump of…
Taxpayers in several states may face delays in receiving their tax refunds this filing season amid changes in tax policies as well as the processes for filing returns. Tax refunds are issued to taxpayers when the amount of taxes they paid over the course of the year is greater than the…
There’s good news for potential homebuyers: mortgage rates continued to trend down this week. In January, rates hit 7.04%, the highest level since last May. This week, however, 30-year rates dropped to 6.76% for fixed-rate mortgages, according to Freddie Mac. “This week, mortgage rates decreased to their lowest level in…
The latest inflation data from the Labor Department showed that price increases continued at a steady pace in February, though some items saw notable price hikes or declines. The Bureau of Labor Statistics found that the consumer price index (CPI) rose 2.4% from a year ago in February, a figure that was…
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Small, everyday purchases like a meal from DoorDash are now able to be financed through eat now, pay later options…
Consumer prices fell 0.1% in March, according to the Consumer Price Index (CPI) released by the Bureau of Labor Statistics…
Americans have trillions of dollars of wealth locked up in their homes, and passing it on at death can get…
President Donald Trump’s “big, beautiful bill” cleared the House and is making its way through the Senate. Still, critics point…
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This is a developing story about the February 2026 consumer price index. Please check back for updates. Inflation remained elevated in February as the pace of consumer price growth stayed above the Federal Reserve’s target rate as policymakers weigh affordability concerns.The Bureau of Labor Statistics…
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For decades, Americans were given the same advice about money: Find a good financial adviser. Trust the person, not just the process. That model worked when markets were simpler, tax laws changed more slowly, statements arrived quarterly and financial decision-making wasn’t so complex. But today, investors are navigating inflation, volatile…
The Federal Aviation Administration (FAA) announced Monday that it selected eight proposals for a new pilot program testing new advanced air mobility and electric vertical takeoff and landing (eVTOL) aircraft in 26 states. Transportation Secretary Sean Duffy and the FAA unveiled the pilot program, known as the Advanced Air Mobility and…
A strong credit score can be the key to major financial purchases and affordable loans, but some states saw notable declines that created a “perfect storm” for Americans’ wallets, according to a credit repair expert. On Thursday, WalletHub released its list of the states with the largest credit score decreases,…
Oil prices briefly spiked to more than $100 a barrel on Monday amid the ongoing war in Iran, before falling sharply, underscoring how initial fears of supply disruptions eased as contingency plans emerged. Before the outbreak of war with Iran, oil was trading in the range of $60 to $70 a…
Investors are increasingly focused on not just how they invest their money but also how they can optimize their after-tax investment outcomes. Allspring Global Investments is dedicated to helping investors navigate the evolving tax and estate planning landscapes. Concentrated stock positions can create unwanted risk in investors’ portfolios. Despite the…
High oil prices due to the Iran war are pushing gasoline prices higher and that could lead to grocery bills rising for American consumers. Oil prices surged in recent weeks after the outbreak of the Iran war, rising from the $60 to $70 a barrel range for most of February to…
Federal Reserve policymakers are monitoring the conflict with Iran for its potential impact on inflation and consumer prices, as energy prices have jumped since the outbreak of hostilities. Oil prices briefly surged over $100 a barrel amid fears of supply disruptions caused by the conflict with Iran, which threatens to stem…
The ongoing conflict in the Middle East has sent oil prices soaring and has prompted G7 leaders to consider the potential release of emergency oil reserves to provide relief to consumers facing higher gasoline prices. Gas prices have risen in response to the rapid increase in oil prices, with the national…
The IRS and Treasury Department on Friday put forward new proposed rules and processes that cover the implementation of Trump Accounts for parents and guardians who want to use the savings accounts for their children. Trump Accounts were created under the One Big Beautiful Bill Act that was enacted last year…
The U.S. reversed a five-year decline in the Heritage Foundation’s Index of Economic Freedom with its biggest annual increase in the index in over two decades, FOX Business can exclusively reveal. America’s economic freedom score rose by 2.6 points from a year ago to 72.8, which ranks 22nd among the more…
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