INFLATION

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Oct 11 2024FINANCE

Tax Changes: What States Are Voting On This Year?

This election season, several states are letting voters decide on new tax rules. Some states want to give childcare centers a tax break, while others hope to fight inflation by raising the minimum wage or removing taxes on daily purchases. Missouri, for instance, might exempt childcare facilities fr

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Oct 10 2024FINANCE

Big News for Social Security Recipients: What to Expect This Week

Get ready, Social Security beneficiaries! This Thursday, you'll find out how much your benefits will increase next year. Experts predict a 2.5% boost, which is less than the past two years. Last year, benefits went up by 3.2%, and in 2023, they saw a huge 8.7% increase due to high inflation. Th

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Oct 10 2024BUSINESS

Prices Rise Faster Than Expected, Jobless Claims Surge After Storm

Surprisingly, prices have been going up quicker than anyone thought in September. This unexpected rise in prices was mainly due to higher food and shelter costs, according to the Labor Department. The Consumer Price Index, which measures the cost of stuff we buy and services we use, went up by 0.2%

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Oct 10 2024FINANCE

Small Bump in Social Security Benefits for 2025

The Social Security Administration let everyone know on Thursday that there will be a 2.5% increase in their benefits for 2025. This is the smallest increase since 2021, when it was just 1.3%. This change comes after a period where inflation was high and beneficiaries saw bigger boosts in their paym

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Oct 09 2024FINANCE

Don't Expect Cheaper Loans Anytime Soon

The US economy looks pretty strong, but that's bad news for people hoping to borrow money at lower interest rates. Despite expectations for cheaper borrowing costs, the job market and economy are doing surprisingly well. This is a big problem for those who want to buy houses, cars, or just use their

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Oct 07 2024BUSINESS

Small Biz in Trouble: Tax Hike Looming

Inflation's been tough on Texas small businesses. Costs are skyrocketing, and owners are losing sleep over it. A recent report by the NFIB showed that supply costs jumped to the second biggest worry from twelfth in 2020. This is bad news for job creators who now face tough choices: raise prices, cut

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Oct 07 2024FINANCE

Big Budget Problem for Cook County in 2025

Cook County has a big problem on its hands. The county is looking at a $218 million budget gap next year. Why such a huge gap? Well, it's mainly because of the raises given to county employees and the increasing pension payments that come with those raises. But here's an interesting twist – this yea

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Oct 07 2024BUSINESS

Young Finance Chiefs: What's Their Secret?

Ever wondered how some finance chiefs climb the corporate ladder so quickly? Let’s take a look at three young stars who have proven their mettle in the world of business. Shawn Flores, 35, has been with Par Pacific Holdings for nearly a decade and is now its CFO. He believes in creating an efficient

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Oct 07 2024POLITICS

Economy over Personality: Why Trump's Policies Matter More than Ever

As the 2024 presidential election heats up, voters are faced with a critical choice. On one side is former President Donald Trump, who promises to continue his pro-growth policies that many believe boosted the economy during his tenure. On the other side is Vice President Kamala Harris, whose econom

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Oct 06 2024POLITICS

Brooklyn Voices: Inflation, Aid, and Local Concerns

People in Brooklyn have been sharing their thoughts on the rising costs of living, government support, and local politics. Many are feeling that the government isn't stepping up enough to assist Americans affected by natural disasters like Hurricane Helene. Some believe too much attention is given t

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