IRS unveils proposed regulations for new Trump Accounts savings program
The IRS and Treasury Department on Friday put forward new proposed rules and processes that cover the implementation of Trump Accounts for parents and guardians who...
Category : Business
Oracle expected to slash thousands of jobs as massive AI spending creates financial cash crisis
Enterprise software giant Oracle is reportedly planning to ax thousands of jobs due to mounting financial pressure from its aggressive push to build AI-focused data...
Paychecks keep rising for American workers, providing boost to household budgets
The Labor Department’s latest jobs report showed that American workers’ wage gains are continuing to outpace stubbornly high inflation. The Bureau of Labor Statistics released its jobs...
The invisible layoff: AI is quietly locking Americans out of the job market, CEO warns
The February jobs report revealed a loss of 92,000 jobs, but according to RedBalloon CEO Andrew Crapuchettes, the real economic rot isn’t just in the...
US economy shed 92K jobs in February, well below expectations
The U.S. economy shed jobs unexpectedly in February as employers pulled back to start 2026 amid economic uncertainty. The Labor Department on Wednesday reported that...
Target set to open its 2,000th store, plans to open hundreds more in next decade
Target announced on Thursday it will open its 2,000th store this month in North Carolina as part of an expansion that will include dozens more...
Americans tap retirement funds at record rates as mounting financial stress takes toll
A record number of Americans tapped into their 401(k) retirement savings for hardship withdrawals last year due to financial challenges, new data shows. Vanguard Group reported...
Mortgage rates tick higher to 6%
Mortgage rates ticked higher to 6% this week, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the...
USDA credits Trump trade deals as agricultural deficit shrinks, farm sector gains ground
The U.S. Department of Agriculture (USDA) recently released a trade forecast showing the farm trade gap narrowing significantly during fiscal year (FY) 2026. The forecast...
Blue state loses over 180,000 residents in past 5 years as high taxes weigh
A major high-tax blue state has seen a significant population loss due to domestic out-migration over the last five years, new research found. Massachusetts recorded a...