Category: Economy
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Major Scams to Watch Out for This Tax Season
The days of filing paper tax returns are over, and criminals are taking advantage. With taxpayers managing their sensitive information online, thieves are finding new ways to deceive victims. Just in 2023, the IRS reported $5.5 billion lost to tax fraud schemes. And the increasing prevalence of artificial intelligence means that tax scams this year…
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What You Need to Know About Digital Mortgage Tools
With the increased use of digital tools, the mortgage process today looks quite different from what it was for previous generations. These new technologies can make the real estate loan process more efficient for both homebuyers and those refinancing their mortgage. However, it is important to understand how your information is being used. To help…
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Which American States Depend Most on Federal Aid?
Donald Trump signed an executive order temporarily suspending all federal funding. The measure received so much negative feedback that the government decided to revoke it, at least for now. In 2021, the U.S. government provided nearly $1.3 trillion to state and local governments through federal grants. These grants accounted for one-fifth of total state revenues,…
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Trump Freezes Federal Financial Aid, But Judge Temporarily Blocks Measure
A federal judge temporarily blocked an action by U.S. President Donald Trump to suspend trillions of dollars in federal loans, grants, and other financial assistance just moments before it was set to take effect. The acting head of Trump’s Office of Management and Budget (OMB), Matthew Vaeth, had instructed all federal agencies to “temporarily suspend…
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American Central Bank Paused After Series of Rate Cuts
The Federal Reserve, the American central bank, left interest rates unchanged on Wednesday (29), amid a robust economy and uncertainty about inflation.
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Welcome to Tax Season. What You Need to Know Before Filing Your Return
Monday (27) marks the first day the IRS will begin accepting and processing income tax returns for 2024. So, if you’re in a hurry to receive your refund or just wondering how long you can delay filing your return, here’s what you need to know and some tips to make your taxes a little easier.The…
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Who Will Rebuild The Fire-Affected Cities In Los Angeles?
In the outskirts of Altadena, a city where one of the most destructive wildfires in Los Angeles history has just receded, a group of volunteers worked last week to collect branches and fallen tree leaves — removing fuel for potential future fires. One of these individuals, Cesar, a Mexican immigrant in his 60s, works as…
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Retail Sales Surge in the U.S. in 2024, Exceeding Expectations
Let’s start with the 2024 holiday season. The National Retail Federation (NRF) reported that newly released data from the U.S. Census Bureau shows that retail sales during the holiday period increased by 4% compared to 2023. This surpassed the NRF’s forecast that 2024 holiday sales would rise between 2.5% and 3.5% to a record $994.1…
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Trump Considers Imposing a 10% Tariff on All Chinese Products Starting February 1
U.S. President Donald Trump said he is considering imposing a 10% tariff on imports of products made in China starting February 1. Trump stated that his administration’s plan was “based on the fact that they (the Chinese) are sending fentanyl to Mexico and Canada.” He called China an “abuser.” China responded by saying that trade…
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Here Are Trump’s First Executive Measures
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President Trump will begin issuing a flurry of executive orders including measures to crack down on immigration and dismantle diversity initiatives in the federal government, his team told reporters, starting his presidency with a vigorous use of power intended to signal a sharp reversal of existing policies. Trump will also act unilaterally to end regulations…