Finance
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According to a source familiar with the agency’s plans, More than half of these employees — over 3,500 — are expected to be from just one division at the IRS. In an email obtained by CBS News and shared by an IRS employee a managers of the IRS Small Business/Self-Employed Division Wednesday, and it says […]
After a tough 2024, and with Nike shares dropping 60% from a 2021. Nike is working with Kim Kardashian on a new brand of athletic wear. The new brand, NikeSkims, combines Nike’s “advanced innovation, sport science” and knowledge with Skims’ “obsession for the female form” and inclusive solutions, the companies said in a press release. […]
Yes, technically, having no credit is better than having bad credit, though both can hold you back. Bad credit shows potential lenders a negative track record of managing credit. Meanwhile, no credit means lenders can’t tell how you’ll handle repaying debts because you don’t have much experience. People with no credit history may have trouble […]
Social Security is an essential aspect of retirement security for millions of Americans, and it’s no secret that the program faces a funding shortfall that could lead to reduced benefits in the next 10 years. A new survey from the National Academy of Social Insurance, AARP, the National Institute on Retirement Security, and the U.S. […]
Wegmans said it’s preparing for potential impacts if the Trump administration’s tariffs on Canada and Mexico go into effect. In separate negotiations, Canadian Prime Minister Justin Trudeau and Mexican President Claudia Sheinbaum have agreed with President Donald Trump to pause planned tariffs for at least a month. Trump’s tariffs against China are still slated to […]
WNBA star Angel Reese showed the gratitude she has for her mother with a surprise birthday gift. During her “Unapologetically Angel” podcast, Reese gave her mother, Angel Webb Reese, a cake and then quickly followed that with a big present. Reese’s mother nearly dropped her birthday cake upon hearing the news. She then broke down as […]
The Trump administration rescinded a memo that froze federal loans and grants just two days after issuing it, following widespread confusion and legal challenges. The Office of Management and Budget had paused spending to review whether it aligned with Trump’s executive orders on issues like climate change and diversity programs. However, the freeze alarmed states, […]
The City of Rochester is launching a new program aimed to help renters with their credit. Mayor Malik Evans announced the initiative Monday, which is a positive-only reporting method to help renters establish or improve their credit scores. According to a study from the Federal Reserve Bank of New York, one in five Rochester residents […]
Wall Street faced a steep sell-off Monday as investors reacted to the rapid rise of Chinese artificial intelligence company DeepSeek, which introduced a new, cost-efficient AI model that has disrupted the market. DeepSeek’s app quickly climbed to the top of Apple’s U.S. App Store, surpassing OpenAI’s ChatGPT in downloads. This development has sent shockwaves through […]
Americans are not okay financially, according to the Philadelphia Federal Reserve. The share of active credit card accounts making just the minimum payment hit a 12-year high of 10.75% from July through September 2024, based on data from the largest banks in the country, the Philadelphia Fed said on Wednesday. As credit card balances swell, […]
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