Auto Stocks in a Spin as First Brands, Tricolor Worry Investors
US auto stocks took a major hit this week as cracks emerged in the sector following the high-profile implosions of parts supplier First Brands and subprime lender Tricolor Holdings, while renewed tariff tensions raised fresh concerns for investors.
UPS may begin disposing of imported packages over customs issues
The shipping giant UPS warns customers that parcels stuck at customs hubs may be disposed of when necessary clearance information cannot be obtained.
Some Americans will lose popular 401(k) tax break in major retirement rule change starting 2026
New IRS regulations are changing 401(k) catch-up contribution rules for workers aged 50-plus who earn over $145,000 by mandating after-tax Roth contributions starting in 2026.
CBO reports $1.8 trillion federal deficit as debt costs hit record $1 trillion
The Congressional Budget Office reported a $1.8 trillion federal deficit for fiscal year 2025, driven in part by a record $1 trillion interest costs from servicing the national debt.
Silver surpasses $50 an ounce for first time amid geopolitical, economic uncertainty
Silver prices surpassed $50 an ounce for the first time on Thursday, driven by supply shortages and uncertainty surrounding economic conditions and geopolitical risks.
IRS reveals 2026 tax adjustments with changes from ‘big, beautiful bill’
The IRS released updates for tax year 2026, adjusting tax brackets, standard deductions, estate tax exclusions and various credits for inflation and the One Big Beautiful Bill Act.
Mortgage rates fall for first time in 3 weeks
The average rate on the 30-year fixed mortgage fell this week to 6.3%, according to the latest Freddie Mac data released on Thursday. That is down from last week's reading of 6.34%.
Jamie Dimon warns of major market risk in next few years
JPMorgan Chase CEO Jamie Dimon warned of a potential stock market correction within six months to two years due to geopolitical tensions and economic uncertainty.
American soybean farmers face financial crisis as China trade dispute threatens livelihoods
American soybean farmers are facing financial hardship as China shifts purchases to Brazil and Argentina amid ongoing trade tensions over the Trump administration's tariffs.
Meme stock mania 2.0
Move over GameStop and AMC, Roundhill Investments launched the Meme ETF targeting a host of new names including Opendoor Technologies and Hims & Hers Health.