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May private payrolls climbed 122,000 — the strongest month since January 2025 — and job-switchers’ pay grew 6.5% while workers who stayed got 4.4%

Warren Cohen3 months ago3 months ago010 mins

Private employers added 122,000 jobs in May, the largest single-month gain since January 2025, according to the ADP National Employment Report produced in collaboration with Stanford’s Digital Economy Lab. Workers who changed employers saw annual pay growth of 6.5 percent, while those who stayed in their current roles received 4.4 percent. That 2.1 percentage-point gap…

A closeup of medical expenses concept with a stethoscope calculator and US dollar bills on a medical billing statement depicting the financial aspect of healthcare

A federal court vacated the CFPB’s medical-debt credit-reporting ban last July — unpaid medical bills over $500 now still hit credit reports after a 12-month grace period across all three bureaus

Warren Cohen3 months ago3 months ago09 mins

Millions of Americans carrying unpaid medical bills lost a planned layer of credit-report protection after a federal court in Texas struck down the Consumer Financial Protection Bureau’s rule that would have banned medical debt from appearing on consumer files. The Eastern District of Texas vacated the regulation, which had been published in the Federal Register…

A young boy and his grandfather sit closely at a kitchen table focused on reading through important documents

The 2026 federal gift-tax annual exclusion held at $19,000 per recipient — but a married couple can together give $38,000 to each child or grandchild federal tax-free

Warren Cohen3 months ago3 months ago09 mins

Families planning cash gifts to children or grandchildren in 2026 will work with the same per-recipient ceiling that applied in 2025. The IRS confirmed that the federal gift-tax annual exclusion for tax year 2026 stays at $19,000 per recipient, and a married couple electing to split gifts can transfer up to $38,000 to each donee…

Building of FED Federal Reserve Bank in Washington Concept of economy finance interest rate money

The Federal Reserve’s June Beige Book flagged “moderate to strong” price increases across most districts — driven by Middle East energy costs squeezing middle-income households hardest

Warren Cohen3 months ago3 months ago010 mins

American families earning between roughly $50,000 and $100,000 a year are absorbing the sharpest blow from a global energy shock that the Federal Reserve now describes in blunt terms. The Fed’s June 2026 Beige Book, released on June 3, reported that “prices increased at a moderate to strong pace overall,” with energy costs tied to…

Sad dismissed worker are taking his office supplies with him from office.

Workers laid off mid-year qualify for an ACA Special Enrollment Period — 60 days from the date job-based coverage ends, often cheaper than the $584-a-month COBRA average

David Keller3 months ago3 months ago08 mins

Workers who lose employer-sponsored health insurance mid-year face a tight deadline and a costly default option. Federal rules give them 60 days to enroll in an Affordable Care Act Marketplace plan through a Special Enrollment Period, a window that starts the day job-based coverage ends. The alternative, COBRA continuation coverage, shifts the full premium cost…

Justice in USA Law gavel on United States of America flag

The OCC’s bank fee rule takes effect in 26 days — federal preemption overrides every state cap on interchange fees, including Illinois’s ban on tips and sales tax

David Keller3 months ago3 months ago09 mins

Restaurant owners, salon operators, and retail merchants across Illinois face a direct hit to their bottom lines starting June 30, 2026. The Office of the Comptroller of the Currency has issued an interim final rule and a separate preemption order that together strip away the state’s ban on charging interchange fees on tips and sales…

Midsection of design professionals working on table

The May ISM Services PMI rose to 54.5% — but the Prices Paid index hit 71.3%, the highest since August 2022, as energy and tariffs squeeze service businesses

David Keller3 months ago3 months ago09 mins

Service-sector businesses across the United States grew faster in May 2026, but the cost of doing business surged to a level not seen in nearly four years. The Institute for Supply Management reported a Services PMI of 54.5% for May, up from 53.6% in April, while the Prices Paid index jumped to 71.3%, the highest…

Man sitting in car calling for help break down at winter speedway

Auto insurance jumped 124% in Louisiana and 108% in Nevada this year — and premiums will climb in 35 states overall in 2026, even as 15 states finally catch a break

David Keller3 months ago3 months ago010 mins

Drivers in Louisiana and Nevada absorbed the steepest auto insurance increases in the country this year, with premiums jumping 124 percent and 108 percent respectively. Across the nation, rates are projected to keep climbing in 35 states through 2026, while 15 states are expected to see some relief. Louisiana is already acting on that relief:…

Matured male physician and senior couple discussing over laptop at retirement home

Social Security’s full retirement age officially reaches 67 this year for everyone born in 1960 or later — claiming at 62 locks in a 30% smaller monthly check for life

David Keller3 months ago3 months ago08 mins

Americans born in 1960 or later who claim Social Security retirement benefits at age 62 will permanently lose 30% of their monthly payment compared with waiting until full retirement age. That full retirement age has now reached 67 for this entire group, completing a phase-in that Congress set in motion more than four decades ago….

silver macbook beside black camera lens and black camera lens

Apple’s WWDC keynote Monday will unveil a new iPhone bill-splitting feature that scans receipts and assigns charges — a direct threat to Venmo and Splitwise

David Keller3 months ago3 months ago09 mins

Apple is expected to show a built-in iPhone bill-splitting tool at its Worldwide Developers Conference keynote on Monday, a feature that would let users scan a restaurant receipt with their camera, extract individual line items, and assign charges to contacts for instant payment requests. The move puts Apple in direct competition with Venmo and Splitwise,…

May private payrolls climbed 122,000 — the strongest month since January 2025 — and job-switchers’ pay grew 6.5% while workers who stayed got 4.4%

A federal court vacated the CFPB’s medical-debt credit-reporting ban last July — unpaid medical bills over $500 now still hit credit reports after a 12-month grace period across all three bureaus

The 2026 federal gift-tax annual exclusion held at $19,000 per recipient — but a married couple can together give $38,000 to each child or grandchild federal tax-free

The Federal Reserve’s June Beige Book flagged “moderate to strong” price increases across most districts — driven by Middle East energy costs squeezing middle-income households hardest

Workers laid off mid-year qualify for an ACA Special Enrollment Period — 60 days from the date job-based coverage ends, often cheaper than the $584-a-month COBRA average

The OCC’s bank fee rule takes effect in 26 days — federal preemption overrides every state cap on interchange fees, including Illinois’s ban on tips and sales tax

The May ISM Services PMI rose to 54.5% — but the Prices Paid index hit 71.3%, the highest since August 2022, as energy and tariffs squeeze service businesses

Auto insurance jumped 124% in Louisiana and 108% in Nevada this year — and premiums will climb in 35 states overall in 2026, even as 15 states finally catch a break

Apple’s WWDC keynote Monday will unveil a new iPhone bill-splitting feature that scans receipts and assigns charges — a direct threat to Venmo and Splitwise

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