News

Forecasters are tracking a potent spring storm that is expected to ignite severe thunderstorms from the Dakotas into Nebraska, then sweep toward western Iowa and southwest Minnesota after sunset. The setup could spin up isolated tornadoes, drop hail up to 2 inches in diameter and unleash damaging straight-line winds to 70 mph. Severe Weather Outlook … Read more

U.S. consumer inflation cooled again in April as grocery prices posted their sharpest drop in more than four years, pushing the headline Consumer Price Index (CPI) to 2.3 % year-over-year — a tenth below Wall Street’s 2.4 % consensus. That surprise sent stock-index futures higher before the opening bell and revived bets that the Federal … Read more

Redmond, Washington — Microsoft said Tuesday it will eliminate roughly 7,000 positions worldwide—about 3 percent of its 228,000-person workforce—in its second-largest head-count reduction on record. The cuts fall heavily on middle-management layers as the company flattens reporting lines and frees up cash for what it describes as “historic-scale” investments in artificial-intelligence infrastructure. New York PostThe … Read more

Overnight order halves a steep tariff At 12:01 a.m. ET on May 14, 2025, a White House executive order slashes the special “de minimis” duty on imports ≤ $800 from China and Hong Kong to 54 %, down from the 120 % rate imposed in February. The $100 flat-fee option stays in place. @EconomicTimes What … Read more

Millions of Wells Fargo mortgage customers may be entitled to the compensation because of a major class-action lawsuit settlement in 2025. The matter arises from handling by the bank of COVID-19 mortgage leniency, where some consumers were on forbearance without their consent. As part of the resolution, settlement payments are now flowing to impacted consumers, … Read more

On 9th May 2025, the mortgage rates today spotted a minor fall in the United States, and this becomes the ray of hope for the potential buyers. Though the days of historically low rates of 2% to 3% are a thing of the past. Today the market builds in a place for borrowers who are … Read more

Visa and Mastercard have agreed to a big court settlement after being accused of charging people and businesses too much in fees. This class action settlement is worth $200 million and is meant to repay those who were affected by these high charges. If you used an ATM or accepted Visa or Mastercard payments in … Read more

United States residents will receive the benefit of FTB $6000 Stimulus Checks from their authorities to manage their expenses. The government has established the Family Tax Benefit (FTB), an extensive assistance program that works to help the low-income & weak households of the country. People will get these benefits directly into their bank accounts on … Read more