The IRS to close 120 of its 600 office locations

IRS to Cut Over 6,000 Jobs Amid Tax Season Shake-Up The Internal Revenue Service (IRS) is laying off more than 6,000 workers in the middle of one of the busiest tax seasons of the year. The cuts are part of a government-wide downsizing spearheaded by Elon

‘Inflation is back,’ Trump has said, per FORTUNE, adding: ‘I had nothing to do with it’

Trump Denies Responsibility as Inflation Rises President Donald Trump campaigned on a promise to lower the cost of living, but with inflation on the rise, he insists he’s not to blame. In an interview with Fox News’ Sean Hannity on Tuesday night, Trump sat down with Elon Musk to

Influenza is overtaking Covid-19 as the deadlier virus in the US this winter

Influenza Surpasses Covid-19 as Leading Cause of Respiratory Deaths in the U.S. For the first time in five years, influenza has overtaken Covid-19 as the deadlier virus in the U.S. this winter, marking a significant shift in seasonal illness trends. Since Covid-19 emerged in early

li Lilly, LLY, says it will invest $27 billion in building four manufacturing plants in the US

Eli Lilly to Invest $27 Billion in U.S. Manufacturing Expansion Eli Lilly announced Wednesday that it will invest at least $27 billion to build four new manufacturing sites in the United States, as demand for its weight loss and diabetes treatments continues to surge. The move also supports the

The disappearance of starter homes is central to the American housing crisis

A report from the National Association of Realtors (NAR) reveals that the median age of homebuyers has climbed to a record high of 56 this year, up from 49 in 2023 and just 31 back in 1981. Compounding this trend, the share of first-time homebuyers has hit an all-

Disney, DIS, has removed diversity from the criteria for determining manager compensation

Disney Drops Diversity as Factor in Manager Pay, Ends Inclusion Program The Walt Disney Company is removing diversity as a factor in manager compensation, shifting its focus to how well leaders uphold company values and incorporate different perspectives instead. Additionally, Disney is shutting down its Reimagine Tomorrow inclusion initiative, which

U.S. housing market could lose nearly $1.5 trillion in value due to rising costs of climate change

Climate Change Could Wipe Out $1.47 Trillion in U.S. Home Values by 2055 The devastation caused by wildfires, hurricanes, and flooding may seem shocking now, but these losses have long been factored into climate risk models that experts use to assess the impact of climate change on home

TRUMP ON THE NEW "GOLD CARD": "If we sell a million - that's $5 trillion... if we sell 10 million, that's $50 trillion"

Trump Announces $5 Million ‘Gold Card’ Visa for Wealthy Foreigners Wealthy foreigners willing to pay around $5 million—potentially including Russian oligarchs—will soon be able to apply for a new U.S. visa known as the "Trump Gold Card", President Donald Trump announced from the Oval Office

Trump says Mexico and Canada tariffs go into effect April 2nd

Trump Delays Tariffs on Mexico and Canada Until April 2 U.S. President Donald Trump announced Wednesday that new tariffs on imports from Mexico and Canada will take effect on April 2, pushing back the original March 4 deadline for the 25% duties. Trump made the remarks during his first

Trump says Ukraine can "forget about" joining NATO

Trump Announces Zelenskyy’s Upcoming Visit for U.S.-Ukraine Minerals Deal President Donald Trump announced Wednesday that Ukrainian President Volodymyr Zelenskyy will visit the White House on Friday to finalize a long-anticipated minerals agreement that will deepen ties between the two nations for years. Trump made the announcement

Trump says he will impose 25% tariffs on imports from the EU

Trump Threatens 25% Tariffs on EU, Claims Bloc Was "Formed to Screw the U.S." Donald Trump has threatened to impose 25% tariffs on the European Union, claiming the 27-nation bloc was “formed to screw the United States.” Speaking during his first Cabinet meeting on Wednesday, Trump

Trump: I will not comment on whether China should not take Taiwan by force

Trump Declines to Comment on U.S. Policy Toward Taiwan President Donald Trump refused to comment on whether his administration’s policy includes preventing China from taking control of Taiwan by force, when asked by a reporter during a Cabinet meeting at the White House on Wednesday. “I never comment

Trump executive order to impose transparency on healthcare costs

Trump Signs Executive Order Strengthening Healthcare Price Transparency U.S. President Donald Trump signed an executive order on Tuesday aimed at strengthening price transparency in healthcare by directing federal agencies to strictly enforce a 2019 order issued during his first term. The order instructs the Departments of Treasury, Labor, and

Trump said will begin program to sell Trump gold cards for $5 million for foreigners who want to come into the US and create jobs

Trump Announces $5 Million "Gold Card" Visa with Citizenship Path President Donald Trump announced Tuesday plans to introduce a "gold card" visa that offers a path to U.S. citizenship for $5 million, replacing the 35-year-old EB-5 investor visa program. “They’ll be

FDA to rehire entire teams overseeing medical devices after DOGE cut them, saying their terminations are ‘rescinded effective immediately

FDA Reinstates Fired Medical Device Reviewers Amid Industry Pushback Three FDA staffers, impacted by the recent terminations, spoke to the Associated Press (AP) under the condition of anonymity, citing plans to continue working at the agency and the lack of authorization to discuss internal decisions. This reversal highlights the chaotic

US auto loans serious (90+ days) delinquency rates hit 3.0% in Q4 2024, the highest in 14 years

Household Debt Rises to $18.04 Trillion in Q4 2024 Total household debt in the U.S. increased by $93 billion (0.5%) in the fourth quarter of 2024, reaching $18.04 trillion, according to the latest report from the New York Federal Reserve’s Consumer Credit Panel. The report

82.8% of home owners have rates below 6%, fueling the "lock-in effect" where homeowners avoid selling due to higher current rates

A growing share of U.S. homeowners with mortgages are carrying interest rates of 6% or higher—the largest percentage since 2016—according to a new report from Redfin. More Homeowners Facing Higher Rates Nationwide, 17.2% of homeowners with mortgages now have an interest rate of at least 6%

US companies falling behind on loans at fastest pace in almost a decade

Companies are falling behind on loan payments at the fastest pace in nearly eight years, raising concerns among credit analysts that tariffs could put even more pressure on corporate finances. Rising Corporate Loan Delinquencies Despite a still-strong economy and steady consumer spending, businesses are struggling under persistently high interest

Egg prices are up 53% in the past year

For more than two years, U.S. farmers have been battling a deadly strain of bird flu that continues to disrupt the nation's egg supply. Since October, widespread outbreaks across multiple states have severely impacted egg-laying hen populations. With supply dwindling, consumers are facing soaring prices, purchasing

America is about to enter an apartment crunch

"America is about to enter an apartment crunch," per BI. "The supply of new apartments is drying up — and that's going to drive up your rent." U.S. single-family home construction took a sharp downturn in January, as snowstorms and freezing temperatures disrupted

Federal buildings have been told to shut off EV chargers

Federal buildings across the U.S. have been directed to shut down electric vehicle charging stations, according to a source familiar with the decision. The move marks the latest rollback of pro-EV policies under President Donald Trump’s administration. The General Services Administration (GSA), which manages federal properties and

Scientists have confirmed that asteroid 2024 YR4, once thought to have a small chance of hitting Earth in 2032, is no longer a threat

After two months of tracking, scientists have nearly ruled out any risk from asteroid 2024 YR4, NASA and the European Space Agency (ESA) confirmed on Tuesday. Initially, the asteroid was considered a potential threat, with a roughly 3% chance of striking Earth in 2032—placing it at the top of

Apple, AAPL, reportedly finalizing its suppliers for the foldable iPhone

Apple is reportedly in the final stages of selecting component suppliers for its upcoming foldable iPhone, with the process expected to conclude by April, according to Korean news outlet ETNews. This timeline suggests Apple is edging closer to mass production, with large-scale manufacturing of key components likely to begin

Robinhood, HOOD, says it will one day be a place where people buy and sell real estate

Robinhood (HOOD) co-founder and CEO Vlad Tenev expressed optimism on Tuesday about the possibility of stablecoin legislation passing this year. When asked on Yahoo Finance’s Opening Bid podcast whether lawmakers would push through stablecoin regulations in 2025, Tenev responded, “I think so.” He pointed to the fact that

Borrowers who got home loans through government-backed programs are increasingly falling behind on their payments

Borrowers with government-backed home loans are falling behind on payments at an increasing rate, signaling potential financial strain for lower-income Americans in today’s economy. Delinquency rates for Federal Housing Administration (FHA) and Veterans Affairs (VA) loans climbed to 11.03% and 4.7%, respectively, by the end