February 2026 PCE: Fed’s favored inflation gauge remained stubbornly high

This story about the February 2026 PCE inflation is developing and will be updated with more details. The Federal Reserve’s preferred inflation gauge remained stubbornly high in February 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…

Mortgage rates fall for first time in weeks after US-Iran ceasefire

Mortgage rates fell this week after President Donald Trump announced a two-week ceasefire between the U.S. and Iran, mortgage buyer Freddie Mac said Thursday.Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage declined to 6.37% from last week’s reading of…

Coffee and ground beef prices surge most in 2 years, report finds

Americans are facing a tale of two grocery lists. While some prices are cooling, the items families rely on most for energy and nutrition — meat and coffee — are seeing sharp increases that wipe out any savings in the bread aisle.Fourteen of the 25 most common grocery store staples…

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Austin population grows 51% in households from 2014-2024 census data

The Austin, Texas, region has seen its population grow rapidly over the last decade, with new data showing it added households at about four-times the pace of the nation as a whole. Data from the National Association of Realtors showed that the metropolitan area encompassing Austin, Round Rock and San Marcos…

Trump promises big tax refunds in 2026 from One Big Beautiful Bill

President Donald Trump said tax refunds this year will be substantially larger than ever before because of his signature “One Big Beautiful Bill,” which was passed last year. Trump took to Truth Social to promote the expected refunds ahead of the 2026 filing season, arguing that some taxpayers could see…

Federal government loses around  trillion annually to fraud: Haywood Talcove

The federal government is hemorrhaging around $1 trillion per year due to fraud, Haywood Talcove, CEO of LexisNexis Special Services & LexisNexis Risk Solutions Government, said while testifying at a congressional hearing last week.  The eyewatering figure dwarfs the Government Accountability Office’s numbers.The GAO reports that the nation’s “federal government…

Goldman Sachs to remove DEI board hiring standards amid policy shift

Goldman Sachs plans to remove DEI hiring standards for its board of directors, The Wall Street Journal reported Monday. The company had removed a requirement for board diversity on companies it was taking public last year, but now plans to remove DEI language in the criteria for its own board…

Farm-raised Atlantic salmon recalled over potential listeria contamination

The Food and Drug Administration announced a recall of one brand of farm-raised Atlantic salmon over potential listeria contamination. One lot of Wellsley Farms Farm-Raised Atlantic Salmon was recalled last week, according to the FDA. The company, Slade Gorton & Co., initiated a recall of lot 3896.The salmon was sold…

Tax refunds are over 10% larger on average so far this tax filing season

Americans are receiving larger tax refunds on average in the 2026 filing season than last year, though taxpayers are filing at a slower pace in the first few weeks than they were a year ago. The latest IRS tax filing data was released by the agency on Friday and showed that as…

Dollar Tree opens nearly half of new stores in affluent areas

Discount retailer Dollar Tree is opening new stores in increasingly affluent areas as it seeks to attract higher-income customers who spend more at the store per trip, a new report finds. An analysis by Bloomberg News found that 49% of new Dollar Tree stores opened in the last six years were located…

California gas prices surge 40 cents to .58 amid refinery closures

Gas prices have surged in California in recent weeks as the state’s supply is constrained due to recent reductions in refining capacity. The price of gas rose 40 cents in about two weeks, with the average price of gas across the state of California at $4.58 a gallon – an increase…

Baby fruit puree recall over elevated patulin toxin levels by Initiative Foods

A nationwide recall has been issued for a baby fruit purée after federal testing found elevated levels of patulin, a toxin that can pose health risks with prolonged exposure. Initiative Foods announced Friday that it is recalling one lot of its “Tippy Toes” Apple Pear Banana Fruit purée following the…

‘Singles tax’ costs Americans living alone ,470 annually in extra expenses

Americans who live alone are paying a five-figure “singles tax” amid rising rents around the nation, a new analysis finds. Data from Zillow shows that the typical apartment rent is currently $1,745 and has risen 30% over the last five years, which represents a significant burden for renters who live alone…