The financial news that actually matters
Pennsylvania Treasurer Stacy Garrity announced that $224 million in Property Tax/Rent Rebate program payments have been sent to residents across the state, a figure that reflects both higher individual payouts and a wider pool of eligible households. The maximum standard rebate now reaches $1,000, up from $650 before the program’s 2023 expansion, and the household…
President Donald Trump declared the U.S.-Iran ceasefire “over,” triggering an oil price spike of more than 5 percent and dragging the Dow Jones Industrial Average down roughly 576 points at the close. The announcement, delivered in a White House video update on retaliatory strikes against Iran, sent traders scrambling to reprice risk across energy and…
Workers who borrow from their 401(k) plans in 2026 face an interest rate near 8 percent, a five-year repayment clock, and the risk that any unpaid balance converts into a fully taxable distribution. With the bank prime loan rate recently hovering around 7 percent and most plans pegging their loan rate at prime plus one…
Ohio households served by FirstEnergy and AEP face a punishing summer billing season, with residential electric costs climbing sharply as transmission and distribution charges rise faster than general inflation. The Public Utilities Commission of Ohio has approved new distribution rates for FirstEnergy’s Ohio utilities while separately ordering adjustments to soften the immediate hit, a signal…
People who bought Nutricost magnesium supplements may be able to file a claim without providing a receipt before a settlement deadline closes. The case centers on whether the product’s Supplement Facts panel accurately disclosed the amount of elemental magnesium, a distinction that matters because federal labeling rules require specific quantitative declarations for minerals. Consumers who…
American workers looking for jobs ran into a much thinner hiring market in June. Employers across the country added just 57,000 positions during the month, a figure that fell well short of what economists had projected and roughly half the consensus forecast. The weak number, released by the Bureau of Labor Statistics on July 2,…
Subscribers who paid for YouTube TV or DirecTV Stream during a period covered by a class action lawsuit against The Walt Disney Company now have until September 8 to file claims in a $50 million settlement. The deal, reached at mediation on October 3, 2025, resolves allegations that Disney imposed pricing and packaging terms in…
James Wellesley, a British national who operated under the aliases Andrew Fuller and Andrew Templar, was sentenced to 10 years in federal prison for running a wine investment fraud that took in more than $97 million from over 140 victims worldwide. The scheme, built around a company called Bordeaux Cellars, promised investors their money would…
Taxpayers earning above $500,000 face audit scrutiny at roughly 30 times the rate of those below $200,000, according to IRS examination data. The gap, drawn from the agency’s own Data Book Table 3-1, puts the odds at about 1 in 1,000 for lower earners and approximately 1 in 30 for high-income filers. That disparity is…
Ray Dalio, the founder of Bridgewater Associates, is warning that nations are preparing to weaponize capital flows in the same way they have weaponized trade, a shift he says could hit equity markets hard. His argument rests on observable stress points: rising U.S. Treasury issuance, softening foreign demand for American debt, and a slow but…