Widening K-shaped economy pattern across income groups
Bank of America data reveals a stark K-shaped economy as higher-income Americans spend 2.6% more while lower-income households manage just…
Business
Ex-Treasury official says Trump’s economic policies set to pay off this year
Michael Faulkender, former deputy secretary of the U.S. Department of Treasury, says Trump's Big Beautiful Bill Act and energy policies…
Nearly half of Americans feel financially behind as 2025 comes to a close, poll shows
New Fox News poll reveals 44% of Americans feel behind on finances as inflation pressures continue. Chicago residents share practical…
Court rules Trump administration must fund consumer finance watchdog
A federal judge ruled the Trump administration must secure CFPB funding after blocking shutdown attempts. The consumer protection agency faces…
Palantir CEO Alex Karp nabs Aspen-area ranch for $120M
Palantir CEO Alex Karp reportedly bought Colorado's St. Benedict's monastery for $120 million, setting a new residential sales record in…
Jeff Bezos and Lauren Sánchez Bezos celebrate holidays with luxury trips to Aspen and St. Barts
Jeff Bezos and Lauren Sánchez Bezos celebrated their first married holidays together in luxury, splitting time between snowy Aspen and…
Sprinkles Cupcakes permanently closing all stores after 20 years in operation, founder says
Sprinkles Cupcakes, famous for its cupcake ATMs, is permanently closing all locations after 20 years in business, shocking customers and…
Trump calls Fed chair Powell a ‘fool,’ threatens lawsuit over headquarters renovation
Trump accuses Fed Chair Jerome Powell of "gross incompetence" and threatens lawsuit over costly headquarters renovation project in latest attack…
IRS hands workers bigger tax break for business expenses in 2026
Gig workers get a tax break with higher mileage rates for 2026. The IRS increased business driving deductions to 72.5…