David Paul Morris/Bloomberg via Getty Images Inflation fell further in June as lower gasoline prices combined with other easing price pressures to bring relief for consumers’ wallets. The consumer price index, a key inflation gauge, rose 3% in June from a year ago, down from 3.3% in May, the U.S. Labor Department reported Thursday. The … Read more
Internal Revenue Service Commissioner Danny Werfel testifies before the House Appropriations Committee on Capitol Hill in Washington, May 7, 2024. Kevin Dietsch | Getty Images News | Getty Images The U.S. Department of the Treasury and the IRS on Thursday announced what they called a “major milestone” of collecting more than $1 billion in tax … Read more
US President Joe Biden and former US President and Republican presidential candidate Donald Trump participate in the first presidential debate of the 2024 elections at CNN’s studios in Atlanta, Georgia, on June 27, 2024. Andrew Caballero-reynolds | Afp | Getty Images Presidential election outcomes don’t significantly affect market performance, but many investors still feel nervous … Read more
The share of people with medical debt in collections that shows up in their credit reports has fallen in the past decade. Yet unpaid balances due to health-care costs continue to burden individuals and families. In 2013, 19.5% of Americans had medical debt in collections, while 10 years later, in 2023, that share fell to … Read more
An urgent recall has been issued for a popular clothing and footwear brand, Culture Kings, after fears one of its products could cause injury and even death. Product Safety Australia announced the recall of the Culture Kings — Sneaker Basel Magnetic Levitation Sneaker Displays on Monday after potential hazards were found in models sold nationally, … Read more
SeongJoon Cho/Bloomberg via Getty Images The U.S. Federal Reserve may start cutting interest rates before year’s end. That could make future trips abroad more expensive for the nation’s travelers. That’s due to how interest-rate policy affects the strength of the U.S. dollar. Here’s the basic idea: An environment of rising U.S. interest rates relative to … Read more
Nischa Shah was an investment banker for a decade, before becoming a full-time content creator. Nischa Shah Personal finance YouTuber Nischa Shah quit her six-figure investment banking job to become a full-time content creator — and it was a gamble that paid off. After working in banking for a decade, Shah became an associate director … Read more
Inflation is slowing down, but prices are still high — and likely to stay that way. That’s generally considered good news. The economy is expanding amid a lower rate of price growth and a strong job market. However, even a broad pullback in price increases underscores another bitter reality: We’re still paying more for many goods and … Read more
Australians love to travel, and as winter reaches its peak, many are ditching the cold and chasing the warmth of summer on a foreign shore. However, these holidays are costing travellers more than they should, with new research showing we are losing an estimated $600 million in international transaction fees, equating to almost $100 per … Read more
Jessica Chen says she was raised in what she would describe as a “quiet culture.” She was taught to do her work, hit her goals and not cause any trouble. In her recently published book “Smart, Not Loud,” the CEO of SoulCast, a communication-training agency, reflects on how not knowing how or when to speak … Read more
