The financial news that actually matters
Workers expecting a standard cost-of-living bump in 2026 can stop worrying about being pushed into a higher federal tax bracket. The IRS has widened every income-tax bracket threshold for tax year 2026 by roughly 2.7 percent, matching the same inflation measure that drives most employer pay adjustments. The result: a raise that simply keeps pace…
Coinbase is cutting roughly 700 jobs, about 14 percent of its global workforce, in a restructuring plan the company tied directly to preparing for what it called the “AI era.” Gemini separately disclosed plans to exit the United Kingdom, European Union, and Australia, eliminating up to 200 positions, or 25 percent of its staff. Together,…
Home listing prices in the United States fell 2.4% compared with the same period a year earlier, extending a streak of year-over-year declines to seven consecutive months. The drop reflects a housing market where elevated borrowing costs continue to sideline buyers, while sellers trim asking prices to attract shrinking demand. Persistent inflation, tracked through federal…
Workers who skip or shortchange their 401(k) contributions hand back employer matching dollars they have already earned the right to collect. A common formula matches 50 percent of deferrals up to 5 percent of salary, which means an employee making $60,000 a year must set aside at least $3,000 to capture the full $1,500 match….
Millions of people who lost money in one of the largest cryptocurrency frauds ever prosecuted now have a narrow window to seek partial repayment. The Justice Department has opened a remission process to distribute more than $40 million in forfeited assets to victims of OneCoin, the pyramid scheme that collected over $4 billion from investors…
Investors who sell a stock at a loss and repurchase the same or a substantially identical security within 30 days lose the right to claim that loss as a tax deduction. Federal statute 26 U.S. Code Section 1091 spells out the rule in blunt terms: “no deduction shall be allowed” when the repurchase falls inside…
Midsize banks across the United States stand to pay lower deposit insurance bills after the FDIC board voted on June 25, 2026, to raise the asset threshold separating “large” from “small” institutions from $10 billion to $30 billion. The change, which also trims related assessment fees, shifts dozens of banks onto less demanding scorecards and…
Workers saving through a 401(k), 403(b), or most 457 plans can set aside up to $24,500 in 2026, a $500 increase over the 2025 cap. The IRA contribution limit rises to $7,500 for the same tax year. Both changes, driven by the annual cost-of-living adjustment process, give savers slightly more room to shelter income from…
Florida homeowners face an average annual insurance bill approaching $8,500, more than double the national average, according to federal data tracking premiums in disaster-prone states. The gap between what Floridians pay and what the rest of the country pays has widened steadily over the past five years, driven by hurricane-risk modeling, reinsurance costs, and a…
Sixteen class-action settlements are accepting claims this month, and eleven of them require no proof of purchase or documentation at all. Among the highest-profile cases, the Federal Trade Commission is actively processing refunds tied to Amazon Prime subscriptions, with claim notices first sent out in January 2026. For consumers who qualify, the barrier to collecting…