You took a $100,000 distribution by check from your 401(k) and are now wondering if the IRS will penalize you. The answer depends on whether…
When the federal government began depositing a $1,000 seed contribution into newly launched Trump Accounts for eligible children in July, personal finance expert and Ramsey Solutions personality George Kamel didn’t hesitate to claim the funds…
Ford Motor Co. is giving its Louisville Assembly Plant a massive makeover as it prepares to build a new electric truck in 2027. The automaker is investing $2 billion to transform the roughly 3-million-square-foot Kentucky factory from gas-powered vehicle production to EV manufacturing, according to an announcement from Ford.The plant…
A fan-favorite Costco baking staple is returning to warehouse shelves after a two-year hiatus, drawing celebrations from shoppers who had been waiting for its comeback. Costco has brought back its Kirkland Signature Semi-Sweet Chocolate Chips after removing the item in July 2024, when rising cocoa costs made it difficult for…
Social Security beneficiaries are still expected to see a larger cost-of-living adjustment (COLA) in 2027 than they did this year, though it has decreased as inflation eased in July. By law, the annual Social Security COLA is calculated using the Bureau of Labor Statistics’ consumer price index (CPI) inflation data…
The slowing U.S. labor market is presenting more challenges for a housing sector facing affordability challenges, with would-be homebuyers struggling to save amid persistent inflation and a less dynamic employment outlook. The Bureau of Labor Statistics on Friday released the jobs report for July, which showed the U.S. economy unexpectedly…
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Investors are turning to artificial intelligence (AI) tools for guidance on their finances and investments, though they remain skeptical of its output and continue to lean on human advice ahead of key decisions, new data…
