As the calendar flips to 2025, many Americans are greeted with their first paycheck of the year. For some, there may be a noticeable change as a result of new federal tax law adjustments. The Internal Revenue Service (IRS) recently announced its updated federal income tax brackets for the year, implementing an increase in thresholds
In a development that has raised eyebrows among economists and homebuyers alike, the UK housing market experienced a significant downturn in December, signaling a potential shift in the trajectory of property values. After nine consecutive months of growth, house prices fell by 0.2% from November to December, marking the first decline since March. Data released
The recent announcement of Michael Barr’s resignation as Vice Chair for Supervision at the Federal Reserve marks a significant turning point in U.S. banking regulation. His unexpected early departure, which comes amid a shifting political landscape favoring deregulation, opens the door to a potential new era of banking oversight that could significantly benefit financial institutions.
Stellantis is at a pivotal crossroads with the redesign of its Ram heavy-duty truck lineup. Following three consecutive years of sales decline, the automaker is looking to regain its footing in the competitive pickup market with the refreshed Ram 2500 and 3500 models. These trucks have undergone significant aesthetic and mechanical improvements, offering prospective buyers
In a significant step towards alleviating the financial burdens faced by millions of Americans, the Consumer Financial Protection Bureau (CFPB) has enacted a new rule that stands to remove approximately $49 billion in medical debt from credit reports. This action is poised to affect around 15 million individuals, offering them a chance to rebuild their
In a notable development in the retail industry, the iconic jeans brand True Religion has been acquired by Acon Investments and SB360 Capital Partners, affiliated with American Eagle. The acquisition marks a significant chapter for True Religion, a brand that has experienced both highs and lows since its inception. The vision for its future under
In a significant leap towards global expansion, DLocal, a Uruguayan fintech company with a strong focus on cross-border payments, has recently attained a payment institution license in the United Kingdom. This authorization from the Financial Conduct Authority (FCA), the regulatory body overseeing the financial services in Britain, is poised to enable DLocal to onboard U.K.
In a significant move marking its expansion in Southeast Asia, Honor, the smartphone manufacturer that emerged as a spinoff of the beleaguered Huawei, announced its intention to launch smartphone sales in Indonesia by the end of March. This development is particularly noteworthy given the competitive landscape shaped by stringent local production regulations, which recently led
The upcoming resignation of Michael Barr from his role as the vice chair for supervision of the Federal Reserve marks a significant transition in U.S. banking regulation. Effective February 28, Barr’s departure opens the door for President-elect Donald Trump to appoint a successor who may align more closely with the administration’s business-friendly policies. This change
Target-date funds (TDFs) have established themselves as a predominant force in the landscape of retirement savings, especially in 401(k) plans. As of 2023, they accounted for a staggering 29% of the average 401(k) plan’s assets, per data from the Plan Sponsor Council of America (PSCA). This figure underscores a significant upward trend, marking an increase