The financial news that actually matters
Apple plans to close three U.S. retail locations this month, and one of them is the company’s only unionized store in the country. The Towson Town Center store in Towson, Maryland, where workers voted to form a union, is set to shut its doors alongside two other locations in malls that Apple says have seen…
Thousands of U.S. importers that paid tariffs later struck down by the Supreme Court are stuck in a slow-moving refund process, with roughly $144 billion in duties owed back to them. The case, Learning Resources, Inc. v. Trump, settled the legal question of whether the president could impose sweeping tariffs under the International Emergency Economic…
Families enrolled in high-deductible health plans can move money into a health savings account and never owe federal income tax on those dollars when they pay for qualified medical costs. That protection applies at both ends of the transaction: contributions reduce taxable income, and withdrawals for eligible expenses are excluded from gross income. The rule…
Homeowners carrying 30-year fixed-rate mortgages can cut years off their repayment timeline and reduce total interest costs by directing one additional payment toward principal each year. The strategy works because of how amortization schedules are built: in the early years of a loan, the vast majority of each monthly payment covers interest rather than principal….
Millions of Americans who own shares of an S&P 500 index fund hold fractional stakes in roughly 500 large U.S. companies through a single purchase. That simplicity has attracted enormous capital into funds like the Vanguard S&P 500 ETF (ticker VOO) and the SPDR S&P 500 ETF Trust (ticker SPY), two of the most widely…
Federal prosecutors charged 455 people, including 90 doctors and other licensed medical professionals, in a nationwide crackdown on schemes that allegedly billed Medicare, Medicaid, and other health programs for more than $6.5 billion in false claims. The 2026 National Health Care Fraud Takedown stretched across dozens of federal districts and targeted a range of fraud…
Homeowners weighing a refinance face a single arithmetic test: whether the monthly savings from a lower interest rate will recover every dollar of closing costs before they sell or move. The Federal Reserve frames this decision as a break-even calculation, and data collected jointly by the Federal Housing Finance Agency and the Consumer Financial Protection…
A large share of American adults lack enough savings to cover even three months of expenses, a gap that turns a job loss into a fast track toward credit-card debt. The Federal Reserve’s most recent household survey, published in May 2025, tracks how many adults report holding emergency savings at that threshold. The Consumer Financial…
Savers with six-figure bank balances face a quiet but costly trap: concentrating too much cash at a single institution can leave dollars uninsured and, at the same time, locked into below-market interest rates. The federal deposit insurance ceiling sits at $250,000 per depositor, per insured bank, per ownership category. That figure is written into federal…
Taxpayers who pick up the phone to hear someone claiming to be from the IRS face a simple test: did a letter arrive first? The Internal Revenue Service has stated repeatedly that it normally contacts people for the first time by mail sent through the U.S. Postal Service. Any phone call, text, or email that…