Money & The Economy
News on Finance, Money, markets and the economy
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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%…
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Here’s When November Social Security Payments Go Out as Veterans Day Moves One Date Up
The first round of November Social Security payments goes out Nov. 3, and the next arrives a day early because…
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Chip Stocks Shed $3.7 Trillion Since October as Nasdaq 100 Slides Into Correction
Chip and memory stocks have lost about $3.7 trillion in value since Oct. 6, and the selloff pushed the Nasdaq…
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Apple Posts Record $114.5 Billion Quarter in John Ternus’ First Report as CEO
Apple's September-quarter revenue rose 12% to a record $114.5 billion on strong iPhone and Mac sales, beating Wall Street forecasts…
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Factory Output Hits Highest Level Since 2021 as Manufacturing Grows for 10th Straight Month
The ISM manufacturing index rose to 55.5 in October, beating forecasts, as factory production climbed to its strongest reading since…
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Stock Futures Rebound After Nasdaq’s Worst Month Since 2025 as Elections and Jobs Report Loom
Stock futures rose Monday after the Nasdaq 100 lost about 6.5% in October, as investors braced for a week packed…
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