Two months of sharply rising prices have raised concerns that record-high government financial aid and the Federal Reserve’s ultra-low interest rate policies — when the economy is already surging — have elevated the risk of accelerating inflation.
You have bought an expensive new toy in expectation of your tax refund, and are now desperately waiting for the refund to arrive before the repo man and his large friend Vito come to visit. How can you find out the status of your refund at any time to estimate whether you need to make a run for it?
Most Americans are already aware of something that's now being discussed in Washington – prices for items we use in our daily lives seem to be rising lately.
Procrastinator alert: your taxes are due! If you are nowhere near ready as the scary deadline approaches, you may file an extension with the IRS that gives you up to six more months to file your taxes. Filing an extension will spare you from late filing penalties — 5% of the amount of tax you owe for each month or partial month past the deadline. The extension is automatic — you do not have to send any justification or reasoning like "I have 5,000 wadded-up receipts crammed in a shoebox."
The number of Americans seeking unemployment benefits fell last week to 473,000, a new pandemic low and the latest evidence that fewer employers are cutting jobs as consumers ramp up spending and more businesses reopen.
A worrisome bout of inflation struck the U.S. economy in April, with consumer prices for goods and services surging 0.8% — the largest monthly jump in more than a decade — and the year-over-year increase reaching its fastest rate since 2008.
Just a decade ago, hardly anyone had even heard of Bitcoin outside of some technology circles. But today, it's gained widespread buzz, along with acceptance from both some big businesses as well as major investors. So what exactly is it, and why are so many major financial institutions adopting it?
With businesses and individuals taking steps to return to normal living, there's a lot of pent-up consumer demand to spend. The new term "revenge shopping" implies that consumers will be making up for lost time with a boom in products and experiences they couldn't purchase during the lockdown.
Amazon is rolling out new technology allowing customers at some Whole Food stores to pay for their groceries by waving their palms across a scanner.
Research shows 40 percent of Americans don't have enough money to cover a $1,000 emergency. One financial expert wants to change that and he spoke with CBN News about how you can turn your financial situation and savings around - no matter what your income might be.