Major retailers closing doors amid inflation, lower consumer demand

Major retail chains are being forced to close thousands of brick-and-mortar stores across the U.S., with a number of reasons cited for the shutdowns.

Major retailers closing doors amid inflation
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Major retail chains are being forced to close thousands of their brick and mortar stores across the U.S.

Trump proposes making tips tax-free. Here's what it would mean for workers

In the U.S., there are more than 2 million waiters and waitresses whose tips make up a large portion of their income, according to Bureau of Labor Statistics estimates.

More than 1 in 4 US adults have no emergency savings, survey finds

With the soaring cost of living, putting money aside when you need it the most is becoming increasingly challenging for some Americans, based on a recent survey.

Gen-Z is the most optimistic about money
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Gen-Z is the most optimistic about money unlike older generations, a new study found.

Mortgage rates on the decline while applications rise: Freddie Mac

The average 30-year fixed-rate mortgage was 6.95% for the week ending June 13, according to Freddie Mac's latest Primary Mortgage Market Survey.

If you owe the IRS estimated taxes, Monday is the deadline

Monday, June 17 is an IRS tax deadline. Here’s what to know about second-quarter estimated payments due for some American taxpayers.

Seattle mayor announces $10M for youth mental health, safety
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Mayor Bruce Harrell's new initiative directs $10 million toward youth violence prevention and expands telehealth services, aiming to enhance safety and mental health support for Seattle's youth.

50 percent of Americans saving for college don't know about a 529 savings plan: survey

Despite the many advantages 529 savings plans provide, many Americans are not using them as part of the education saving strategy, a recent Edward Jones survey said.

Buy now, pay later products to be treated like credit cards, CFPB says

BNPL lenders must now follow the federal Truth in Lending Act (TILA) and Regulation Z rules that apply to credit cards, the CFPB said.

Fed holds interest rates steady, projects just one cut this year

The Federal Reserve on Wednesday held interest rates steady for the seventh straight time and scaled back the outlook for rate reductions later this year as high inflation lingers.