Latest headlines from around the world.
Stock market jumps after Israel-Lebanon ceasefire, Hormuz opening
The stock market saw a boost after the opening bell Friday morning, after a 10-day ceasefire between Israel and Lebanon took effect and Iran declared the Strait of Hormuz “completely open.” The S&P...
More Americans are buying groceries using buy now, pay later: Survey
Nearly a third of buy now, pay later users have used the loans for groceries — double the share from two years ago.
War-torn global economy needs IMF emergency assistance
The U.S.-Israeli war on Iran has caused a major supply shock in the global energy market, disproportionately affecting energy importers, and the IMF has the power to provide relief by issuing hundr...
A new Social Security COLA projection may be cause for ‘worry,’ senior group says
If their current projections are right, next year’s cost-of-living adjustment (COLA) for senior citizens receiving Social Security benefits could be cause for “worry,” according to The Senior Citiz...
$117.5M Comcast settlement offers payouts after 2023 data breach: What to know
Cable and internet service provider Comcast reached a $117.5 million settlement after a major data breach exposed customers’ personal information in October 2023.
Tax Day is here, and the IRS is issuing bigger refunds to more people
Taxpayers have until midnight to file or request an extension.
Trump threatens to fire Powell, defends Fed criminal probe
President Trump threatened to fire Federal Reserve Chair Jerome Powell from the central bank board if he does not step down at the end of his term leading the bank. In a Wednesday interview with Fo...
Taxing millionaires and billionaires is a political no brainer for Democrats
The American financial elite have benefited from tax breaks while the rest of the population struggles, leading to a push for tax reform and increased taxation on the wealthy.
Bessent OK with Fed holding off on interest rate cuts at next meeting
Treasury Secretary Scott Bessent on Tuesday shared no objections to the Federal Reserve holding off on cutting interest rates at its meeting later this month amid economic turbulence and the Iran w...
Are you paying taxes on phantom gains this year? Congress should abolish them.
If you got a brokerage 1099 this year, go and check Box 2a yourself. You might be surprised by what you find there.
Judge dismisses Trump’s Wall Street Journal defamation suit over Epstein story
A federal judge tossed President Trump’s defamation suit against The Wall Street Journal on Monday over a story it published detailing a letter Trump allegedly sent to convicted sex offender Jeffre...
Economic inequality is destroying our democracy
“We can either have democracy in this country, or we can have great wealth concentrated in the hands of a few. But we can’t have both,” Supreme Court Justice Louis Brandeis once warned. His concern...
This bill would exacerbate the affordability crisis
The Fair Prices for Local Businesses Act, which would expand the Robinson-Patman Act, is being proposed by Washington Democrats and would result in higher prices for consumers, while benefiting pla...
You’re paying taxes — why aren’t billionaires?
In California, roughly 200 billionaires collectively hold about $2 trillion in wealth. Yet much of that fortune goes virtually untouched by income taxes. Why? Because it isn’t treated as “income” a...
Bessent summons bank executives over Anthropic cyber risk
Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell brought together a group of bank executives this week to discuss cybersecurity concerns in the wake of Anthropic’s new Mytho...
