Personal finance
‘Fantasy math’ masks tax bill’s U.S. debt impact, GOP lawmaker said. What the deficit means for your money
Key Points Legislation passed by Republicans in the House and now being considered in the Senate would increase the U.S. debt by more than $3 trillion after interest and economic effects, according to estimates. The “One Big Beautiful Bill Act” is a “debt bomb ticking,” one GOP lawmaker said. The debt can have a big […]
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Travelers are taking ‘a more frugal approach’ to summer vacations this year, expert says
Klaus Vedfelt | Digitalvision | Getty Images Earlier this spring, consumers were feeling good about their summer vacation prospects. More people were planning to take a trip compared to last year, and summer travel budgets were up, too, according to a new report from Deloitte. But just a few weeks later — after President Donald […]
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As Denmark raises its retirement age to 70, experts weigh in on whether the U.S. may follow its lead
Aleksandarnakic | E+ | Getty Images Denmark has moved to increase its retirement age to 70 — making it the highest retirement age in Europe. Yet it may be difficult for the U.S. to follow its lead. The new change in Denmark will apply to public pension retirements starting in 2040. Since 2006, the country […]
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Trump tariffs would still ‘pinch’ consumers even if trade court block holds, economist says
Key Points A federal trade court blocked a large piece of President Trump’s tariff agenda in a ruling Wednesday. An appeals court temporarily paused that order on Thursday. Even if the lower court’s ruling holds, the average household would lose $950 of purchasing power in 2025 as a result of tariffs that remain on the […]
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Fewer international tourists are visiting the U.S. — economic losses could be ‘staggering,’ researchers estimate
Key Points Spending among international visitors to the U.S. is poised to fall $8.5 billion this year, according to Oxford Economics. Tourists are avoiding the U.S. as a destination amid tensions tied to Trump administration policy tied to trade and the border, experts said. A relatively strong dollar and weak global growth prospects are also […]
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A market options hedge as other risks lurking out there despite Tuesday’s rally
Bond yields provide critical insights into economic expectations, inflation, and currency valuation. Higher bond yields, especially on government bonds, can signal expectations of stronger economic growth. Lower yields suggest economic slowdown or recession fears, as investors flock to safe assets, driving bond prices up and yields down. Higher economic growth is good, but higher inflation […]
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She’s made $10,000 in an hour from her dumpling business—more than what she made a month in corporate
Samantha Mui, 34, is the founder of Thirsty Dumpling, a do-it-yourself dumpling-making startup. Courtesy of Samantha Mui Samantha Mui teaches people how to make dumplings for a living, making as much as $10,000 an hour, according to documents reviewed by CNBC Make It. That’s more than what she used to make a month from her corporate job. […]
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A trading strategy for this market after Trump causes volatility to spike again
Trade tariff negotiations are not over yet. President Donald Trump threatened to raise tariffs up to 50% (starting June 1 st ) on the EU as talks have seemingly stalled. Equity markets immediately sold off. European equity markets tanked by 2% on the news. I want to use this surprising drop as an opportunity to […]
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House Republican tax bill favors the rich — how much they stand to gain, and why
Key Points A tax and spending package passed Thursday by House Republicans funnels the bulk of its financial benefits to wealthy households, according to economists and tax experts. The rich benefit via a slew of tax cuts tied to businesses, the SALT deduction, the estate tax, income tax rates and opportunity zones. Lower earners would […]
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She dropped out of culinary school at 21. Today, she teaches dumpling-making for a living
Samantha Mui, 34, is the founder of Thirsty Dumpling. Courtesy of Samantha Mui Samantha Mui has always been a bit of a rebel. Growing up, she knew she hated school but loved being creative and cooking. As a kid, she said, she played hooky by pretending to be sick so she could stay home and […]
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