The Internal Revenue Service is alerting taxpayers about a number of changes hitting in the 2023 tax filing year. Among the most significant: Your tax refund, if you are eligible for one, may be smaller…
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Business
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The U.S. central bank could scale back the pace of its interest rate hikes “as soon as December,” Federal Reserve Chair Jerome Powell said on Wednesday, while warning that the fight against inflation was far…
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A decision by Whole Foods to pause purchases of Maine lobster has sparked outcry from the state’s elected officials and the lobster industry. Whole Foods’ decision, which was announced this month, was prompted by changes…
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With deals beginning even earlier ahead of Black Friday than in years past and continuing well after Cyber Monday, consumers are no longer cramming all their gift shopping into one day. Adobe Analytics expects consumers…
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Consumers took advantage of heavy discounting by online retailers to kick off the holiday shopping season in high gear. According to Adobe Analytics, record online spending on Thanksgiving and Black Friday drove Cyber Week —…
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A self-described ‘natural’ baby product company is recalling 10,500 of its stainless steel bottles and cups for toddlers that pose a risk of lead poisoning, the U.S. Consumer Product Safety Commission announced Wednesday. Three of…
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Amazon.com said on Wednesday it recorded its biggest ever Thanksgiving weekend this year as shoppers, undeterred by inflation, scooped up everything from New Balance sneakers to Nintendo Switch gaming consoles. Fire TV Sticks, AirPods and…
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Business
The era of cheap money is over. How debt is hitting home for consumers as interest rates soar
Consumers are racking up credit card debt at a pace not seen in decades as inflation continues to pervade the U.S. economy. In the most recent quarter, which ended in September, consumers’ overall credit card…
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The U.S. central bank could scale back the pace of its interest rate hikes “as soon as December,” Federal Reserve Chair Jerome Powell said on Wednesday, while warning that the fight against inflation was far…
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Amazon.com said on Wednesday it recorded its biggest ever Thanksgiving weekend this year as shoppers, undeterred by inflation, scooped up everything from New Balance sneakers to Nintendo Switch gaming consoles. Fire TV Sticks, AirPods and…