January’s Consumer Price Index (CPI) saw inflation rise by 0.5% month-over-month and 3.0% year-over-year, as reported by the US Bureau of Labor Statistics (BLS), above economist estimates for 0.3% monthly and 2.9% annually. One particular caveat to this hotter-than-expected inflation print is “this is the month of January, lots of businesses raised prices during this […]
Many consumers are rightfully concerned about escalating trade tensions. President Donald Trump on Saturday said he would impose 25% tariffs on goods from Mexico and Canada, and 10% tariffs on goods imported from China. He also signaled that tariffs on the European Union could be next. While Trump has agreed to halt the implementation of tariffs against Canada for at least 30 days […]
Tractor trailers at the Ysleta-Zaragoza International Bridge port of entry, on the U.S.-Mexico border in Juarez, Chihuahua state, Mexico, on Dec. 20, 2024. David Peinado/Bloomberg via Getty Images President Donald Trump signed orders on Saturday placing tariffs on Canada, China and Mexico. Trump put a 25% tariff on imports from Canada and Mexico, and a […]
Sporrer/Rupp | Image Source | Getty Images Millions of Social Security beneficiaries have now received their first benefit checks for 2025. The new 2.5% cost-of-living adjustment — which adds $50 per month to retirement benefits on average — marks the lowest increase since 2021, when inflation spiked shortly thereafter. With prices still high, many beneficiaries […]
Miniseries | E+ | Getty Images Leverage the 401(k) ‘super catch-up’ For 2025, investors can save more with higher 401(k) plan limits. Employees can defer $23,500 into 401(k) plans, up from $23,000 in 2024. The catch-up contribution limit is $7,500 for workers ages 50 and older. But thanks to Secure 2.0, there’s a “super catch-up” […]
Justin Paget | Digitalvision | Getty Images Many workers hate the prospect of returning to the office five days a week — so much so that they’d quit their jobs if told to come in full time. To that point, 46% of workers who currently work from home at least sometimes would be somewhat or […]
Cofotoisme | E+ | Getty Images How long it takes you to save for a 20% down payment on a home depends in part on where you live. In a pricey area such as New York City, it could take the typical buyer roughly 10.85 years to save $173,000, which is 20% of the median […]
Freshmen college enrollment increased in fall 2024, the National Student Clearinghouse Research Center said — contrary to its previous report that the enrollment declined. A “methodological error” in the preliminary enrollment report, released in October, caused the miscalculation, Executive Director Doug Shapiro said in a statement Monday. “The error in research methodology caused the mislabeling […]
An exchange-traded fund provider is helping investors make more bets on Wall Street’s most profitable momentum trades. GraniteShares, which debuted its first installment of single-stock ETFs in 2022, now manages 20 of them. It includes the GraniteShares YieldBoost TSLA ETF (TSYY), which launched last month. The fund gives investors exposure to Tesla. “This is about […]
Morsa Images | Digitalvision | Getty Images List prices for the top 25 prescription drugs covered by Medicare Part D have nearly doubled, on average, since they were first brought to market, according to a new AARP report. Moreover, that price growth has often exceeded the rate of inflation, according to the interest group, which […]
