The financial news that actually matters
New Jersey homeowners age 65 and older are now receiving direct property-tax relief checks of up to $6,500 a year through the state’s StayNJ program. The New Jersey Department of the Treasury began distributing the first round of payments earlier this year, and Governor Sherrill signed the FY 2027 Appropriations Act on June 30, 2026,…
The Federal Trade Commission is sending 1,821 refund checks worth more than $2.8 million to homeowners who were deceived by a mortgage-relief operation that collected upfront fees while falsely promising lower interest rates and government-backed help. The payments close out a joint enforcement case against Golden Home Services and Home Matters USA, a scheme that…
Current and former Liberty Mutual employees who saved through the company’s 401(k) plan stand to collect a share of $13.4 million after the insurer agreed to settle a class action alleging it overcharged participants on retirement plan fees. Former workers face a hard deadline: claims must be filed by August 22 or they forfeit any…
Every year, Americans inherit homes, brokerage accounts, and other appreciated assets whose original purchase prices may date back decades. Under federal tax law, the cost basis of those assets resets to fair market value at the moment the prior owner dies. That single rule wipes out all unrealized capital gains accumulated during the decedent’s lifetime,…
Ford Motor Company carried roughly $1 billion in tariff refund receivables on its balance sheet as of September 2025, treating court-ordered repayments as a recoverable asset. Thousands of smaller importers owed money under the same Supreme Court ruling on International Emergency Economic Powers Act tariffs have not received their refunds. Three Democratic senators have pressed…
Eddie Bauer LLC, the operator of roughly 180 retail locations across the United States and Canada, filed voluntary Chapter 11 bankruptcy petitions in the U.S. Bankruptcy Court for the District of New Jersey. The company simultaneously entered a Restructuring Support Agreement with its secured lenders, a move designed to keep stores open while the retailer…
Robert Kiyosaki, the author of “Rich Dad Poor Dad,” has repeated his warning that an “everything bubble” in stocks, bonds, and real estate is on the verge of collapse, with retirement accounts held by baby boomers at the center of the fallout. The warning arrives as U.S. national debt sits near $39.5 trillion, a figure…
Tens of thousands of gig workers who cleaned homes and assembled furniture through the Handy app are about to receive checks from the federal government. The Federal Trade Commission is mailing more than $2.7 million to 62,893 people who worked through Handy Technologies between January 2019 and November 2024, resolving allegations that the platform deceived…
The estate of a Massachusetts investment adviser and his firm face federal charges for allegedly draining approximately $1.68 million from at least 18 advisory clients, many of them elderly, retired, or ill. The U.S. Securities and Exchange Commission accuses John R. Brodacki III and Castle Hill Financial Group, LLC of funneling client money into private…
Federal prosecutors have charged former Near Intelligence CEO Anil Mathews and former CFO Rahul Agarwal with orchestrating a scheme that inflated the data firm’s revenue by more than $37 million through fictitious transactions. MobileFuse CEO Kenneth Harlan also faces criminal counts for his alleged role in the round-tripping arrangement. Near Intelligence filed for Chapter 11…