Money & The Economy

IRS Sets 2027 Standard Deduction at $33,200 for Joint Filers as Brackets Rise

The IRS released tax-year 2027 inflation adjustments Thursday, lifting the joint standard deduction to $33,200 and raising income thresholds across…

1 week ago

Gold Hits Two-Week High Above $4,130 as Dollar and Oil Slide After Midterms

Spot gold climbed 1.7% to $4,130.27 an ounce Thursday, extending a post-election rally as the dollar, Treasury yields and oil…

1 week ago

Dow Soars 1,569 Points in Best Day Since April 2025 as Wall Street Cheers Divided Government

The Dow Jones Industrial Average jumped 3% to 53,356 on Wednesday, its biggest gain of the year, as investors bet…

1 week ago

Oil Plunges 8% to $88 as Midterm Results Raise Bets on an End to the Iran War

U.S. crude fell $7.97 a barrel and Brent dropped below $100 for the first time since early October as traders…

1 week ago

Gold Tops $4,000 and Dow Futures Climb 436 Points as Wall Street Digests Democratic Sweep of Congress

Stock futures reversed steep overnight losses and gold jumped about 3% to above $4,040 an ounce as investors weighed what…

1 week ago

Gas Hit $4.12 a Gallon on Election Day, the Highest National Average Ever Recorded for a Vote

Gasoline averaged $4.12 a gallon and diesel $6.28 as Americans voted Tuesday, record Election Day prices that were more than…

1 week ago

Job Openings Jump to 7.5 Million in September, Far Above Forecasts

U.S. employers posted 7.52 million job openings in September, up 333,000 from August and well above forecasts, while quits rose…

1 week ago

Social Security Wage Cap Climbs to $192,300 in 2027, Raising Top Earners’ Payroll Tax Bill

The maximum amount of earnings subject to Social Security payroll tax will rise to $192,300 in 2027, lifting the most…

1 week ago

Job Openings Rise, But There’s More To The Story

The number of available jobs in the U.S. increased in September, partly due to state and local government gains, while…

1 week ago

Obamacare Benchmark Premiums Jump 13% to $704 a Month as 2027 Enrollment Opens

The average benchmark ACA marketplace plan will cost $704 a month for a 40-year-old before subsidies in 2027, up 13%…

1 week ago