The financial news that actually matters
American home sellers cut asking prices in May 2026 at a pace not seen in nearly a decade, pushing the national median list price down 2.4% year over year to $429,500. The decline, the steepest since Realtor.com began tracking the metric, signals that the pandemic-era pricing playbook has finally expired. For buyers who spent years…
Workers born in 1960 or later who file for Social Security retirement benefits at age 62 lock in a permanent 30 percent reduction to their monthly check. That means they collect just 70 percent of the amount they would receive at full retirement age 67, and the cut never reverses. With roughly 10,000 Americans turning…
Honda is pulling 98,892 Accords, Civics, and CR-Vs off the road for repairs after identifying a sensor defect that could prevent front airbags from deploying during a crash. The recall targets vehicles already in daily use across the United States, and owners will be able to confirm whether their car is affected by searching its…
Merchants processing card transactions through national banks and federal credit unions will face a single federal standard for interchange fees starting June 30, 2026, after two federal regulators moved this week to block Illinois from capping those charges. The Office of the Comptroller of the Currency issued an interim final rule and a separate interim…
American drivers are paying roughly 31 cents less per gallon than they were at the spring peak, a shift that puts real money back into household budgets even as prices remain elevated by historical standards. The national average for regular gasoline has fallen to $4.24 a gallon, down from the $4.55 wartime high recorded in…
American employers added 172,000 jobs in May 2026, more than doubling Wall Street expectations, yet a broader federal measure that counts discouraged job seekers and involuntary part-time workers registered 8.1 percent. The official unemployment rate held at 4.3 percent. That nearly four-point gap between the headline rate and the wider gauge signals a pool of…
About one in five homes listed for sale across the United States received a price reduction in April 2026, a sign that sellers are adjusting to a market where inventory keeps climbing and buyers have more room to negotiate. The national median home sale price reached $390,000, up just 1.7 percent from a year earlier,…
Savers who assume every dollar inside a retirement account is locked away until age 59-1/2 are working with an incomplete picture. Federal tax law treats Roth IRA contributions differently from earnings: because those contribution dollars were taxed before they went in, they can come back out at any time without triggering an additional tax bill…
U.S. citizens and permanent residents living overseas face a filing deadline of June 15 for their 2025 federal tax returns. The date applies to calendar-year filers who were outside the country on April 15, the standard due date. To qualify, taxpayers must attach a written statement to their return showing they meet the criteria described…
American soccer fans hoping to watch the U.S. men’s national team open the 2026 World Cup against Paraguay face a steep price of entry. As of Monday morning, the cheapest pair of tickets on resale markets cost roughly $951, even though the match has not sold out. With the tournament set to begin June 11,…