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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Frigidaire minifridges recall expanded to 964,000 units over fire hazard

A recall of Frigidaire-branded minifridges has been expanded to 964,000 units after multiple reports of the product catching fire, according to the U.S. Consumer Product Safety Commission. Canada-based Curtis International initially recalled 634,000 minifridges last summer, but added 330,000 of another model to the alert on Thursday.The recalled minifridges have…

Beef prices surge 16.4% annually in December CPI inflation data report

Beef prices are surging, and American households are forking over more money for their steaks, roasts and burgers, the latest inflation data shows. The Bureau of Labor Statistics released the December consumer price index (CPI) which showed that prices for beef and veal rose 1% compared with prices the month before…

Buffett outlines plans to step back as Greg Abel prepares to take over Berkshire

Legendary investor Warren Buffett will officially step down on December 31, 2025, ending his storied career that spanned over 60 years.  He published a letter to shareholders in November letting them know he will be handing off the duties of writing Berkshire Hathaway’s annual report and speaking at shareholder meetings to…

Costco membership pays for itself with pet food and diapers purchases

A handful of discounted staples can effectively offset the cost of a Costco membership, according to a recent report on the retailer’s biggest savings. The club’s $65 annual Gold Star Membership, or $130 Executive membership, may look steep to budget-minded shoppers, but the math can flip quickly: a few well-chosen…

Jerome Powell gets global central bank support amid DOJ criminal probe

A group of global central bank leaders issued a joint statement on Tuesday to express their support for Federal Reserve Chair Jerome Powell as he faces a criminal investigation from the Trump administration’s Department of Justice. Powell announced on Sunday that the DOJ served grand jury subpoenas to the Federal Reserve on…

President Donald Trump’s credit card rate cap could reduce consumer access

President Donald Trump’s call for a 10% cap on credit card interest rates could impact access to credit cards for many American consumers while also impacting small businesses. Trump on Friday declared he wants to impose a 10% cap on credit card interest rates to be implemented for one year starting on…

December CPI: Inflation remained persistently high as Fed rate cuts on hold

Inflation rose at a steady pace in December and remained persistently above the Federal Reserve’s target rate as policymakers consider the case for interest rate cuts amid economic uncertainty. The Bureau of Labor Statistics said on Tuesday that the consumer price index (CPI) – a broad measure of how much everyday…

Ex-Fed chairs, Treasury chiefs defend Jerome Powell as Trump DOJ pursues probe

A group of former Federal Reserve chairs and Treasury secretaries released a joint statement defending Fed Chair Jerome Powell after he revealed the Trump administration’s Justice Department is threatening to criminally indict him over his testimony about the Fed’s renovations. The group includes former Fed Chairs Ben Bernanke, Allen Greenspan and…