IRS issues most tax refunds in 3 weeks as 2026 filing season begins

Tax season officially began last week and American taxpayers who are due to receive tax refunds are likely to see them reach their accounts within a few weeks, depending on how they filed their returns. The IRS announced that Jan. 26 was the official start of the tax filing season, allowing taxpayers…

January jobs report delayed by government shutdown

The partial government shutdown that began on Saturday morning is set to delay the release of the January jobs report that was slated for publication this week. The Bureau of Labor Statistics said Monday that the January jobs report, which was originally scheduled for release on Friday, will be delayed…

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US airlines stand to save money as customers lose weight on GLP-1s: study

Airlines stand to save a potential $580 million as travelers slim down thanks to the effects of weight-loss drugs, a new study found. Sheila Kahyaoglu, an equity analyst at Jefferies and an author of the study, says the top four U.S. airlines, American Airlines, Delta Air Lines, Southwest Airlines and…

US economy shows signs of strength as wages, retail sales and home sales rise

Recent economic data shows signs of growing strength on Main Street, as Americans’ take-home pay ticks higher and contributes to rising retail sales and home purchases – though some headwinds remain. Data from the Bureau of Labor Statistics released last week shows average weekly earnings increased 1.42% after accounting for inflation from…

Miami sporting events to deliver  billion economic impact in 2026

South Florida is scoring big this year, with a lineup of championship sporting events projected to deliver billions of dollars to the economy — underscoring Miami’s rise as a global destination for sports, tourism and business. Miami is projected to see a $3 billion economic boost in 2026 from nearly…

Chicken recall: 13K pounds pulled over listeria contamination fears

More than 13,000 pounds of ready-to-eat grilled chicken breasts were recalled over fears they may be contaminated with listeria monocytogenes, according to the Department of Agriculture’s Food Safety and Inspection Service (FSIS). Suzanna’s Kitchen, based in Georgia, issued a recall of about 13,720 pounds of ready-to-eat grilled chicken breast fillet…

AI is ‘raising average wages by 21 percent,’ new Stanford paper finds

Artificial intelligence “substantially reduces wage inequality while raising average wages by 21 percent,” according to a new working paper co-authored by an assistant professor at Stanford University.  The paper released this week by Lukas Althoff, titled “Task-Specific Technical Change and Comparative Advantage” and written alongside Hugo Reichardt, an affiliated professor at…

Trump administration targets pharmacy benefit manager kickbacks to lower drug costs

The Trump administration said it plans to eliminate kickbacks involving pharmacy benefit managers (PBMs) as part of its goal to lower health insurance for Americans.  The framework, dubbed the “Great Healthcare Plan,” is aimed at lowering drug prices and insurance premiums while holding large insurance companies accountable and increasing price…

Seniors get new tax deduction up to ,000 for 2025 filing season

Tax season is fast approaching and several tax policy changes impacting older Americans will be in effect when seniors go to file their returns. The enactment of Republicans’ One Big Beautiful Bill Act (OBBBA) last year revised a number of tax policies, including some provisions that the IRS is implementing for…

US CEOs rank economic uncertainty as top 2026 threat: Conference Board survey

The main worry facing CEOs of U.S. companies as 2026 begins is economic uncertainty, which is a bigger concern for American business leaders than their global counterparts, according to a new report. The Conference Board released a survey of more than 1,700 executives, including more than 750 CEOs, from North America,…

Federal Reserve chairman candidate Rick Rieder meets with Trump team

Exclusive: BlackRock executive Rick Rieder discussed several key issues, including the profitability of the Federal Reserve, during an interview for the top job at the central bank, senior administration sources told FOX Business. Other topics discussed during the meeting with Rieder, the chief investment officer of global fixed income at…