The financial news that actually matters
Kohl’s plans to shut 27 underperforming stores by April 2025 and exit its San Bernardino e-commerce fulfillment center when that lease expires in May 2025, according to securities filings. The closures, which the company says represent about 2.3% of its more than 1,150 locations, come as traditional department stores keep shrinking across the United States….
Homeowners refinancing a mortgage do not start saving money the moment the new loan closes. They first have to recoup every dollar spent on closing costs, and only after that threshold do lower monthly payments translate into real savings. The break-even month, calculated by dividing total closing costs by the monthly payment reduction, is the…
Workers who lose employer-sponsored health insurance face an immediate choice: pay the full cost of the plan they already know or gamble on finding something cheaper before a gap in coverage begins. Federal law gives them up to 18 months to stay on that same plan through COBRA continuation coverage, but the price can reach…
Nearly 186,000 workers across the United States have been told their jobs are being eliminated this year, spread across 267 separate rounds of announced cuts. Those numbers, tracked by private layoff-monitoring firms, paint a picture of mounting corporate anxiety. Yet federal labor data tells a different story: actual separations have not surged at the same…
People whose personal data was exposed in the Thompson Coburn LLP breach can file claims for up to $5,000 in documented losses, but the window closes on July 23. The breach itself occurred on May 28 and May 29, 2024, when an external hack compromised the law firm’s systems. The firm did not discover the…
Customers of Fidelity Investments whose personal data was exposed during a three-day breach last summer are now facing a single deadline to claim a payment of roughly $100. The offer stems from the firm’s acknowledgment that between August 17 and 19, 2024, an unauthorized third party created new customer accounts and used them to extract…
Every Roth IRA owner in the United States already has access to a withdrawal option that most traditional retirement accounts do not offer: the ability to pull out original contributions at any age, for any reason, without owing federal income tax or an early-distribution penalty. Federal law spells out a specific ordering sequence that treats…
Michael Burry, the investor who famously predicted the 2008 financial crisis, declared on May 11, 2026, that the stock market has “jumped the shark” and that the current tech rally mirrors the conditions that preceded the dot-com crash of 2000. Burry pointed to the Nasdaq 100’s steep climb and a sharp run in semiconductor stocks…
Investors in artificial-intelligence and semiconductor stocks lost ground fast on June 23, 2026, when the Nasdaq Composite dropped 2.2 percent in a single session, closing at 25,587.040. The sell-off hit hardest among chip companies that had posted the largest gains during a months-long rally tied to AI spending. The speed of the decline now raises…
Families inheriting property in 2026 face a federal tax system that can erase decades of capital gains in a single step, but Congress and the IRS have built reporting rules that cap how much benefit heirs actually receive. Under the statute governing inherited assets, a beneficiary’s cost basis resets to fair market value on the…