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Finance

3 biggest college mistakes made by students and parents

By Brian Safdari
Jun 03, 2026 10:28 am - Rising high school seniors and parents hoping for a smooth transition into college in fall 2027 have their work cut out for them this summer. And it’s all about the planning.
Treasury Dept. says most filers claiming Trump tax breaks on tips, overtime made below $100,000

By Riley Beggin
Jun 03, 2026 10:02 am - Most filers who claimed new Republican tax breaks — for tips, overtime, seniors and auto-loan interest — reported income below $100,000, according to a new Treasury Department analysis of this year’s filing season.
Illinois’ ‘swipe fee’ law on the brink after another delay, adverse court ruling

By Jerry Nowicki
Jun 02, 2026 6:14 pm - An Illinois law banning “swipe fees” on taxes and tips — already delayed twice by lawmakers — appears to be on life support after a federal judge that once permitted it issued a permanent injunction against the measure this week.
Some homebuyers are giving up hope that mortgage rates will fall

By Julie Z. Weil
May 30, 2026 11:40 am - The housing market hasn’t shaken off its slump the way some anticipated this spring, as higher-than-expected mortgage rates, high inflation and widespread job insecurity have made many would-be buyers hesitate.
Key inflation gauge worsens as Americans’ income and spending power erodes

By CHRISTOPHER RUGABER and PAUL WISEMAN
May 28, 2026 11:37 am - A key inflation gauge accelerated in April to the highest level in three years, squeezing Americans' finances and creating political challenges for President Donald Trump and congressional Republicans with midterm elections just five months away.
PayPal’s online checkout empire is under siege as rivals squeeze its core business

By KEN SWEET
May 27, 2026 10:26 am - PayPal helped invent online checkout. Nearly three decades later, it’s struggling to defend its turf. The iconic online payments company is facing its biggest challenge in nearly three decades of existence. Its core business of customers using the app to check out when shopping online is barely growing and new management has bluntly warned investors that “significant changes” will be needed to fix the company’s problems.
Six tax tips you should start thinking about now

By SHERYL ROWLING of Morningstar
May 23, 2026 12:39 pm - Now that tax season is over, you’re probably tempted to not think about taxes again until next year. That could be a costly mistake. Asking the right questions throughout the year could help you financially come next tax season. In the long run, this could have a substantial impact on your wealth.
Over 60? These 4 financial moves might offer your best ‘return’ on investment

By Christine Benz of Morningstar
May 23, 2026 12:16 pm - If your retirement numbers are in relatively good shape, consider these four spending strategies with a positive psychological payoff.
Extended warranties are a waste of money. Here’s what you can do instead.

By Kevin Brasler
May 16, 2026 12:05 pm - Retailers prey on our “loss-aversion” tendencies to sell extended warranties. These “peace of mind” plans are enormously profitable for the companies that sell them, but they’re usually terrible deals for consumers.
Where to invest now that moon race 2.0 is here

By John Stepek
May 07, 2026 3:19 pm - The Artemis II mission was a glorious moment for space exploration and a sign of a potential $1 trillion investment boom in the global space industry over the next decade. Analysts at Morgan Stanley identified 60 companies poised to profit from the expanding space economy, including miners, fuel producers and manufacturers of industrial gases and propulsion systems.

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