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Finance & Economy

Economic policy, federal spending, Wall Street, trade wars, and the financial forces driving political decisions.

Markets Rally on Middle East Ceasefire, Hormuz Opening as Geopolitical Tensions Ease
Finance
Markets Rally on Middle East Ceasefire, Hormuz Opening as Geopolitical Tensions Ease
Major U.S. stock indices climbed Friday following the implementation of a U.S.-brokered ceasefire between Israel and Leb
Survey: Nearly One-Third of BNPL Users Now Finance Groceries as Dependence on Short-Term Loans Grows
Finance
Survey: Nearly One-Third of BNPL Users Now Finance Groceries as Dependence on Short-Term Loans Grows
A LendingTree survey shows 29% of buy now, pay later users have financed groceries, double the rate from two years ago,
IRS Penalties Mount as Tax Day Deadline Arrives for Millions of Filers
Finance
IRS Penalties Mount as Tax Day Deadline Arrives for Millions of Filers
The April 15 tax filing deadline triggers immediate IRS penalties for late returns or unpaid balances, with failure-to-f
IRS Reports 11% Surge in Average Tax Refunds as Filing Deadline Arrives
Finance
IRS Reports 11% Surge in Average Tax Refunds as Filing Deadline Arrives
Tax Day has arrived with the IRS reporting significantly larger refunds for millions of Americans. The average refund ha
IRS Tax Filing Extension Deadline Approaches: Key Procedures and Penalty Risks
Finance
IRS Tax Filing Extension Deadline Approaches: Key Procedures and Penalty Risks
The IRS offers taxpayers an automatic six-month filing extension until October 15, but any estimated tax owed must still
Fed's Hammack Signals Extended Rate Pause Amid Geopolitical, Inflation Uncertainty
Finance
Fed's Hammack Signals Extended Rate Pause Amid Geopolitical, Inflation Uncertainty
Cleveland Fed President Beth Hammack indicated the central bank will likely maintain current interest rates for an exten
House GOP to Spotlight Permanent Trump Tax Cuts in Tax Day Press Conference
Finance
House GOP to Spotlight Permanent Trump Tax Cuts in Tax Day Press Conference
House Republicans will hold a press conference Wednesday morning to promote the permanent tax cuts and new worker-focuse
IMF Projects Global Growth Slowdown, Inflation Spike from Iran War Fallout
Finance
IMF Projects Global Growth Slowdown, Inflation Spike from Iran War Fallout
The International Monetary Fund warns the war in Iran will slow global economic growth and accelerate inflation, with lo
Bessent Backs Fed Patience on Rates Amid Iran Conflict, Signals Future Cuts
Finance
Bessent Backs Fed Patience on Rates Amid Iran Conflict, Signals Future Cuts
Treasury Secretary Scott Bessent expressed support for the Federal Reserve holding interest rates steady at its upcoming
Warsh Discloses $130M+ Fortune Ahead of Fed Chair Confirmation Hearing
Finance
Warsh Discloses $130M+ Fortune Ahead of Fed Chair Confirmation Hearing
Kevin Warsh, President Trump's nominee for Federal Reserve chair, has filed financial disclosures revealing assets betwe
United CEO Kirby Pitched American Airlines Merger to Trump, Creating Global Aviation Giant
Finance
United CEO Kirby Pitched American Airlines Merger to Trump, Creating Global Aviation Giant
United Airlines CEO Scott Kirby reportedly proposed a merger with American Airlines to President Trump in February, a de
Congressional Bill Targets 'Phantom Gains' Tax on Mutual Fund Investors
Finance
Congressional Bill Targets 'Phantom Gains' Tax on Mutual Fund Investors
A bipartisan bill seeks to reform how mutual fund capital gains distributions are taxed, allowing investors to defer tax