Delayed IRS reporting rule to require many Venmo, Cash App users to pay taxes
A new rule, that's been delayed a year, will require taxes to be paid on many transactions occurring through mobile payment apps like Cash-App and Venmo.
Record number of Americans are paying $1000 a month or more for monthly car payments, data shows
More than 15% of consumers who financed a new vehicle toward the end of 2022 committed to paying more than $1,000 a month, the highest percentage ever recorded.
FTC proposes rule banning noncompete clauses for workers
The Federal Trade Commission says the rule would open new job opportunities for 30 million Americans and raise wages by $300 billion a year.
Record-high Social Security cost-of-living increase poised to kick in soon
Over 66 million Americans on social security are set to receive a record-high cost of living increase in 2023.
Holiday sales increase 7.6% despite the squeeze of inflation
U.S. sales between Nov. 1 and Dec. 24, a period that is critical for retailers, were fueled by spending at restaurants and on clothing.
Here's how much pay Americans say they'd need to start a new job
A recent survey from the Federal Reserve Bank of New York reveals most people will hop to a new job for a starting salary a little over $73,000 a year.
Senate passes $1.7T spending bill to fund government, aid Ukraine
The Senate has passed a $1.7 trillion bill to finance federal agencies through September, aid Ukraine and provide assistance to communities recovering from hurricanes, floods and other natural disasters.
Last-minute Christmas shopping, half of Texas men wait to get partners gift the day before survey says
A recent survey from CouponBirds revealed that half of Texas men wait until Christmas Eve to buy gifts for their partners. What else did it have to say about shoppers?
Treasury department delays electric vehicle tax credit changes
The Treasury Department has pushed the issuance of guidance for new electric vehicle tax credit rules from January to March as it continues to develop them.
Unemployment benefits and Obamacare subsidies outpace median income in several states, study finds
The labor force participation rate was 62.1% last month, notably lower than the 63.4% mark it was at before the coronavirus pandemic struck the United States in March 2020.
Christmas meals will cost 16.4% more this year
The average grocery basket for Christmas dinner will cost an average of $60, Datasembly reported.
Wall Street may get much worse in 2023 before it gets better
Many analysts expect stocks to end 2023 around their current range, if not a bit higher. But before that, much of Wall Street is also forecasting stock prices to fall sharply in the interim.
Nearly half of US workers hope to get promoted, a raise in 2023, survey shows
According to the survey, which polled 1,000 full-time U.S. employees in December, the majority of respondents (60%) felt somewhat valued or not at all valued at work.
US lawmakers announce 'framework' on bill to avoid government shutdown
Congress faces a midnight Friday deadline to pass a spending bill to prevent a partial government shutdown.
Fed raises key interest rate by half a point, signals more to come
The latest move will further heighten the costs of many consumer and business loans and increases the risk of a recession.
Americans say holiday gifts harder to afford
More than half of U.S. adults say it’s harder to afford the holiday gifts they want to give this year.
US inflation slowed to 7.1% over past 12 months
This is the fifth straight month with a slowdown.
Congressman Al Green to host webinar to minority owned businesses, entrepreneurs
U.S. Congressman Al Green is inviting current and aspiring entrepreneurs to attend an informational webinar he's hosting that aims to help small minority-owned businesses.
More Americans getting a second job as high inflation rages
High inflation is pushing more Americans to take on a side hustle.
Rail workers say deal to avoid strike won't resolve quality-of-life concerns
Workers and their unions say the deal doesn't do enough to address their quality-of-life concerns and doesn't add any sick days.