Nov 21 IRS issues guidance on tax on tips and overtime income for 2025 By Associated Press The IRS says it’s in the process of updating income tax forms and instructions for taxpayers to use this filing season that will assist them in claiming these deductions. Continue reading
Nov 20 Watch 7:52 Delayed jobs report ‘definitely complicates’ rate cut decision, Chicago Fed president says By Geoff Bennett, Courtney Norris, Nana Adwoa Antwi-Boasiako Job growth was better than expected in September with the best job gains since April, according to the delayed government report. But key data is still missing, and questions remain about the strength of the economy. That uncertainty comes as… Continue watching
Nov 20 Wall Street rallies on AI and interest rate hopes By Stan Choe, Associated Press Not only did Nvidia provide another blockbuster profit report that suggested AI superstar stocks can keep rising, a mixed report on the U.S. jobs market kept alive hopes that the Federal Reserve can deliver more cuts to interest rates. Continue reading
Nov 20 Delayed jobs report shows U.S. employers added a surprisingly solid number of jobs in September By Paul Wiseman, Associated Press U.S. employers added 119,000 jobs in September, the government said, issuing a key economic report that had been delayed for seven weeks by the federal government shutdown. Continue reading
Nov 19 U.S. trade deficit dropped nearly 24% in August as Trump’s tariffs reduce imports By Paul Wiseman, Associated Press In a report delayed for more than seven weeks by the federal government shutdown, the Commerce Department said Wednesday that the the gap between what the United States buys from other countries and what it sells them fell to $59.6 billion in… Continue reading
Nov 19 Labor Department won’t release full October jobs report due to 43-day shutdown By Paul Wiseman, Associated Press The Labor Department said Wednesday that it will not be releasing a full jobs report for October because the 43-day federal government shutdown meant it couldn't calculate the unemployment rate and some other key numbers. Continue reading
Nov 17 Analysis shows more U.S. consumers are falling behind on utility bills By Josh Boak, Associated Press A new analysis of consumer data shows that more people in the United States are falling behind on their utility bills. Continue reading
Nov 16 Watch 5:27 How the bill that ended the shutdown could threaten the U.S. hemp industry’s future By Ali Rogin, Andrew Corkery The legislation Congress passed this past week to reopen the government included a provision banning intoxicating products made out of hemp plants, a type of cannabis like marijuana, but with a lower level of the psychoactive element THC. Ali Rogin… Continue watching
Nov 16 Samsung pledges to make more investments in South Korea after U.S. tariff deal By Kim Tong-Hyung, Associated Press Samsung Electronics and other major South Korean companies on Sunday announced fresh domestic investment plans at a meeting with President Lee Jae Myung, who hopes the moves will counter concerns that the firms would prioritize U.S. investments under a trade deal. Continue reading
Nov 14 Trump drops tariffs on beef, coffee, tropical fruit as pressure rises over consumer prices By Associated Press President Donald Trump signed an executive order Friday to get rid of tariffs on a broad swath of commodities, including beef, coffee and tropical fruits. It's part of a response to pressure from consumers who complain prices are too high. Continue reading