Ynon Kreiz, the chief executive of Mattel, believes consumers squeezed by tariffs and inflation will cut back on other things before they skimp on Barbies and Hot Wheels.
Indonesia is seeking to plug an unusually deep revenue shortfall before year-end by scrutinizing wealthy individuals and big businesses for extra tax payments.
National Economic Council Director Kevin Hassett said Sunday that President Trump will likely back legislation to send $2,000 tariff rebate checks to Americans in the new year. βI would expect that in the new year, the president will bring forth a proposal to Congress to make that happen,β Hassett tβ¦
White House National Economic Council Director Kevin Hassett said Sunday that the United States is βgoing to see the biggest tax refund season of all timeβ in 2026. βThere's so much good news in the new year, because you're going to see the biggest tax refund season of all time. The big, beautiful bβ¦
Federal Reserve Bank of Cleveland President Beth Hammack said monetary policy is in a good place to pause and assess the effects of 75 basis points of rate cuts in the economy during the first quarter.
Politics and border hassles have chased away foreign visitors, costing businesses billions. Some fear next yearβs World Cup wonβt be enough to bring tourists back.
America faces an aging crisis: We have too few young people supporting too many older people β at the very moment Social Security, our national retirement program, nears insolvency.To make matters worse, young people are increasingly scared to have kids β in part because they fear AI will make findiβ¦
Exclusive: Scale of governmentβs anti-fraud fiasco is four times higher than previously admittedMore than 60% of parents who had their child benefit stopped by HMRC using incorrect Home Office travel data were not fraudulently claiming the support from abroad, it has emerged.The scale of the governmβ¦
A staff exodus and a broken booking system are helping to cause huge jams in Britainβs driving test system It has long been a stressful rite of passage for many young people but, in recent years, passing the actual driving test is the easy part. Now, many people seeking a test need to wake up early β¦
Holiday shopping is in high gear, with the National Retail Federation predicting a record 159 million shoppers on what it calls "Super Saturday," with nearly a third buying gifts in stores. However, consumer sentiment is down as many Americans are concerned about their economic future. Nicole Valdesβ¦
Chicagoβs City Council passed a roughly $16 billion budget for 2026 β less than two weeks before the deadline β without certainty about whether Mayor Brandon Johnson will sign or veto the plan.
Getting ahead financially is mainly about what you earn at work, not what you make from investments. Researchers found that promotions, skills, and better jobs drive most upward income movement. But when people slip backward, falling investment income is usually the main reason. Labor builds income β¦
While some states spent vastly more than others on adult beverages, like California, which paid the most in the country at roughly $29 billion, the states where the average adult spent the most on alcohol over the last year may surprise you.