Business

Bloomberg Creative/Getty Images (WASHINGTON) — Washington, D.C., and Wall Street will closely watch an announcement from the Federal Reserve on Wednesday about whether to shift its benchmark interest rate. The move marks the first such decision since the Fed said last month that it expects to cut rates in 2024. Economists expect the Fed to […]

David Becker/Getty Images (WASHINGTON) — When then-President Donald Trump falsely declared victory days after Election Night in 2020, dozens of CEOs at the nation’s top companies assembled on a Zoom call to prevent what they feared could be the end of democracy in the U.S. As Trump stands poised to win the Republican nomination in the […]

courtneyk/Getty Images (NEW YORK) — As the 2024 tax season kicked off across the nation Monday, the Internal Revenue Service is offering some new services it says will help make filing easier for taxpayers. The IRS is now offering Free File and Direct File for qualifying taxpayers and expanded in-person services through its Taxpayer Assistance […]

Karl Tapales/Getty Images (NEW YORK) — Manhattan District Attorney Alvin Bragg is raising red flags on what he calls a growing problem linked to the rise of mobile payment services such as Venmo, Zelle and Cash App. And Bragg said he is looking forward to working with those companies to secure people’s money. Bragg told […]

Hisham Ibrahim/Getty Images (NEW YORK) — As the tax filing season began Monday, the IRS Criminal Investigation division urged taxpayers to protect themselves from scams. Some of those scams include questionable refund schemes, return preparer fraud, abusive tax schemes, according to the agency. “Tax crimes surge during filing season because criminals steal unknowing taxpayers’ information, […]

Anton Petrus/Getty Images (NEW YORK) — Former president Donald Trump trounced his Republican opponents in the first two primary contests, setting the course for a potential general election rematch with likely Democratic nominee President Joe Biden. The decisive issue, according to polls, may prove to be the economy. Seventy-four percent of Americans say the economy […]

Energy Secretary Jennifer Granholm addresses Americans’ concerns about owning an electric vehicle in an interview with ABC News’ Morgan Korn. — ABC News (NEW YORK) — You’ve seen them on the roads, at the local Walmart, maybe in your neighbor’s driveway. Electric vehicles are proliferating across the nation, yet so many Americans still have questions […]

John Greim/LightRocket via Getty Images (MONTPELIER, Vt.) — In a yellow-walled conference room at the Vermont statehouse this week, one attendee ate ice cream and another bounced a toddler on her lap — but all were focused on a bill that would tax personal wealth for the first time in U.S. history. At the committee meeting, […]

Koichi Kamoshida/Getty Images (NEW YORK) — As car prices have climbed in recent years, bright-colored signs at dealerships and boldface headlines have blared warnings to buyers. But less attention has been paid to the jump in price for a stiff expense that comes along with the vehicle: insurance. Car insurance rates have climbed 36% since […]

ABC News (CHICAGO) — With the economy looming large in the 2024 election, Treasury Secretary Janet Yellen said Thursday she sees “no reason” for a recession this year and insisted consumers are turning more optimistic about their finances. “I think 2024 is going to be a very good economic year. That said, there are always […]