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Month: August 2024

IRS employees owe $50M in unpaid taxes
Taxes

IRS Audit Uncovers $50 Million in Unpaid Taxes by Its Own Employees

August 9, 2024

An IRS audit has revealed that nearly 5,800 of its employees and contractors owe a staggering $50 million in unpaid taxes. This discovery raises significant concerns about the agency’s ability to enforce tax compliance among […]

Amazon Pharmacy RxPass service for Medicare recipients
Personal Finance

Amazon Pharmacy’s RxPass Now Available to Medicare Recipients

August 8, 2024

Millions of Medicare recipients can now benefit from Amazon Pharmacy’s RxPass, a service designed to provide affordable access to generic medications. This expansion aims to reduce costs and improve convenience for those managing chronic health […]

Shoppers examining price tags in store
Shopping

The End of Sales Tax Holidays: What It Means for Shoppers

August 7, 2024

Sales tax holidays, those cherished days when shoppers can buy certain items without paying state sales tax, are disappearing in some states. This shift could impact back-to-school shopping and other seasonal spending sprees, leaving consumers […]

Graph depicting Fed rate cut and investor strategies
Markets and Stocks

The Fed Is About to Cut Rates: What Should Investors Do?

August 6, 2024

The U.S. Federal Reserve is expected to cut interest rates at its next meeting in September, following a period of stability and signs of easing inflation. This potential shift in monetary policy has significant implications […]

Graph depicting stock market drop and recession concerns
Markets and Stocks

Dow Plummets 611 Points Amid Rising Recession Fears

August 5, 2024

The stock market experienced a sharp decline on Friday, with the Dow Jones Industrial Average dropping 611 points due to increasing concerns about a potential recession. Weak hiring data and rising unemployment rates have intensified […]

Graph with declining jobs and September calendar
Markets and Stocks

Weak July Jobs Report Signals Steep September Rate Cut: Expert Insights

August 4, 2024

The July jobs report revealed a significant slowdown in hiring, with the unemployment rate reaching a three-year high. This has led experts to predict a steep interest rate cut by the Federal Reserve in September, […]

Homeowner puzzled by insurance policy details
Home Equity

Wait, My Homeowners Insurance Limits What?

August 3, 2024

When you purchase homeowners insurance, you expect it to cover loss or damage to your home and its contents. However, many people are unaware of the limitations on certain items within their policies. Understanding these […]

Nasdaq surges after AMD earnings and Fed meeting news
Markets and Stocks

Nasdaq Soars 451 Points Following AMD Earnings and Fed Meeting

August 2, 2024

Stocks surged on Wednesday, with the Nasdaq Composite jumping 451 points, driven by strong earnings from Advanced Micro Devices (AMD) and a Federal Reserve meeting that hinted at a potential rate cut in September. The […]

Stock market graph with Fed and Big Tech logos
Markets and Stocks

Stock Market Remains Subdued Ahead of Fed Meeting and Big Tech Earnings

August 1, 2024

Stocks remained relatively quiet on Monday as investors braced for a significant week featuring a key Federal Reserve meeting and earnings reports from major tech companies. The subdued market activity comes amid a sparse economic […]

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