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Author: Elisabeth Buchwald, USA TODAY

Money

US consumer confidence declined in February, reflecting fears of a recession

February 28, 2023March 1, 2023Elisabeth Buchwald, USA TODAYComments Off on US consumer confidence declined in February, reflecting fears of a recession

The Conference Board’s consumer confidence index fell in February. Inflation is causing consumers to pull back on spending raising odds of a recession

Money

Walmart earnings call foreshadows challenges ahead for retailer

February 21, 2023Elisabeth Buchwald, USA TODAYComments Off on Walmart earnings call foreshadows challenges ahead for retailer

Walmart’s fourth quarter was better than analysts expected, by some measures. But inflation continues to weigh on consumers which is hurting the retailer.

Money

Is the stock market open today for Presidents’ Day?

February 17, 2023February 20, 2023Elisabeth Buchwald, USA TODAYComments Off on Is the stock market open today for Presidents’ Day?

Is the Dow open on Presidents’ Day? The stock market and bond market will be closed on Monday. But markets reopen at their usual times on Tuesday.

Money

You should have received an important tax document this week

February 17, 2023Elisabeth Buchwald, USA TODAYComments Off on You should have received an important tax document this week

Your 1099 tax form is crucial to filing your taxes. This week, Robinhood and other brokerage firms released the tax documents you’ll need.

News

US credit card debt hit a record high as inflation leaves consumers financially stressed

February 16, 2023Elisabeth Buchwald, USA TODAYComments Off on US credit card debt hit a record high as inflation leaves consumers financially stressed

New York Fed report founds credit card debt is growing after a rapid decline during the pandemic. Credit scores could start to decline.

Money

January CPI inflation rate slows to 6.4% but monthly inflation rose by 0.5%

February 14, 2023February 14, 2023Elisabeth Buchwald, USA TODAYComments Off on January CPI inflation rate slows to 6.4% but monthly inflation rose by 0.5%

January’s inflation report showed a continued decline from prior months. Investors are hopeful it will prompt the Fed to pause rate hikes.

Money

IRS free file options: Your 2023 guide to free tax prep services

February 9, 2023February 10, 2023Elisabeth Buchwald, USA TODAYComments Off on IRS free file options: Your 2023 guide to free tax prep services

There are plenty of free tax prep services for seniors and low-income taxpayers. These programs include IRS Free File, VITA and TCE.

Money

U.S. jobs report today: Economy added 517,000 jobs despite recession risk; unemployment fell to 3.4%

February 3, 2023February 3, 2023Elisabeth Buchwald, USA TODAYComments Off on U.S. jobs report today: Economy added 517,000 jobs despite recession risk; unemployment fell to 3.4%

Employers added 517,000 jobs in January, according to nonfarm payrolls figures. Unemployment fell to 3.4%, a 54-year low, jobs report shows.

Money

Fed interest rate decision today: Central bank hikes by 0.25 percentage point to tame inflation

February 1, 2023February 1, 2023Elisabeth Buchwald, USA TODAYComments Off on Fed interest rate decision today: Central bank hikes by 0.25 percentage point to tame inflation

The Fed raised its key interest rate but slowed the pace for a second straight meeting. Chair Jerome Powell said inflation remains too high.

Money

Do you have to report crypto on taxes? Yes. Here’s what you should know about form 8949

January 26, 2023Elisabeth Buchwald, USA TODAYComments Off on Do you have to report crypto on taxes? Yes. Here’s what you should know about form 8949

Crypto losses can be deducted from your taxes or income at up $3,000 a year. But you can carry the losses forward in future tax years.

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