In a remarkable development, U.S. exchange-traded funds (ETFs) surpassed the $10 trillion mark in assets by November 2023, marking an unprecedented milestone in the financial landscape. According to recent data compiled by Cerulli Associates, this surge is indicative not only of the increasing popularity of ETFs as investment vehicles but also of a notable shift
Personal
The recent developments concerning the reporting of beneficial ownership information (BOI) have left many small business owners in a state of uncertainty. Initially set to take effect on January 13, 2025, the obligation for millions of small businesses to disclose information about their owners has been temporarily suspended due to a court order. This requirement,
The recent assessments by the Federal Reserve regarding interest rate adjustments have sparked a mix of reactions among the public. While many individuals—especially those burdened with debt—may find the prospect of slower interest rate cuts discouraging, there remains a silver lining for savers. In 2025, financial analysts predict continued benefits for those who strategically place
As the holiday season comes to a close, many Americans are finding themselves in a precarious financial situation, burdened by new debt. A recent survey by LendingTree reveals that 36% of consumers accrued holiday debt this year, with an average balance of $1,181—a notable increase from $1,028 just a year prior, although it remains lower
In recent developments, the U.S. Treasury Department has made a critical decision affecting millions of small businesses by pushing back the due date for filing the Beneficial Ownership Information (BOI) report to January 13, 2025. This alteration arises from a combination of legal challenges and the need for businesses to comply with the newly instituted
The U.S. job market is experiencing a significant shift, transitioning from the tumultuous “great resignation” of the previous years to what has been aptly labeled the “great stay”. This transformation reflects a considerable change in employee behavior and employer strategies, shaping a new landscape marked by stability rather than churn. Job seekers in today’s market
The Biden administration recently made headlines by withdrawing significant plans aimed at providing student loan forgiveness. These proposed regulations had the potential to ease the financial burdens of numerous borrowers who have been struggling with student loan debt for years. The plans would have authorized the Secretary of the U.S. Department of Education to cancel
In a significant development aimed at providing financial relief, the Internal Revenue Service (IRS) has revealed plans to issue automatic payments of up to $1,400 to approximately one million taxpayers. This initiative targets individuals who, despite being eligible, failed to claim the 2021 Recovery Rebate Credit on their tax returns. The announcement marks a crucial
In the realm of holiday cinema, few films are as iconic as “Home Alone.” Released in 1990, the film follows the misadventures of Kevin McCallister, an eight-year-old boy accidentally left behind when his family sets off for a Christmas vacation in Paris. While audiences have delighted in Kevin’s antics, a more serious question has emerged
As the holiday season approaches, a surge in consumer spending becomes evident, with estimates suggesting record-breaking figures this year. However, as joyous as the shopping season may seem, it is swiftly succeeded by a much less cheerful phenomenon: an avalanche of product returns. Dubbed “Returnuary,” January experiences a flurry of activity as consumers send back