Business

The latest report from the Bureau of Labor Statistics showed that the Consumer Price Index declined by 0.4% in June 2026, signaling that inflation is slowing. But this doesn’t necessarily make it a good time to buy a car, house, appliance, furniture set or vacation. Lower inflation means prices are…

All the arguments for and against rent control miss this little fact. The wealthiest sometimes really like the arrangement when they get to benefit from it, and don’t own apartment buildings where the regulations put financial constraints on them.The original article from the Wall Street Journal (here’s a gift link…

During my decades-long campaign in the high-stakes world of energy trading and utility operations, I’ve seen two very different types of “battlefields.” The first is the one I entered as a young leader—a Darwinian, “survival of the fittest” environment where individuals competed fiercely for personal gain, and information was not…

In today’s world, where information is at our fingertips and artificial intelligence (AI) headlines dominate the financial press, it’s easy to wonder: Do high net worth individuals still need a human financial advisor? The answer, as revealed in the 2026 Value of an Advisor Study from Russel Investments, is a…

Double-digit tariffs are back, and retailers are once again scrambling to keep tariff-imposed price increases from customers. New tariffs couldn’t come at a worse time. Nearly 60% of voters say the cost of living is the worse they have ever experienced, according to a Politico poll among 2,000 registered voters.…

Long-term care costs are rising even as families struggle to keep up with increases in their ordinary living expenses, making it tougher than ever to save for personal care needs in old age. That combination is raising interest in public long-term care insurance. But what would a public program cost?…

ToplineJulie Felss Masino, the CEO of Cracker Barrel who presided over a logo change that was slammed by loyal customers, conservative commentators and even President Donald Trump, will step down effective next month, the company said Monday, though it did not give a reason for her departure.TimelineNov. 1, 2023Masino, previously…

Leonard Tannenbaum’s newest venture was supposed to be a sure thing. In 2020, after selling his previous company, Fifth Street, under a cloud of investor litigation and an SEC settlement, the veteran financier recast himself as a pioneering lender to underbanked cannabis firms. Weed was booming as Americans sat out…

Following three weeks of indecisiveness, angst and mixed messaging, LeBron James finally determined his future.He announced that he will join the Philadelphia 76ers, a decision that shows he has prioritized the chance to collect two more Larry O’Brien trophies before the end of a planned 25-year NBA career. “I still…

Ken Kies, the Treasury Department’s top tax policy official who has also been serving as acting chief counsel of the IRS, is expected to leave the federal government, according to multiple published reports, now confirmed by Forbes. His departure would open another significant hole in IRS leadership. Neither of the…

ToplineIBM’s stock plummeted on Tuesday in its largest single-day loss in its 115-year history, after CEO Arvind Krishna warned investors the computing firm’s latest quarter was “worse than our expectations” while failing to adapt to rising chip costs.Key FactsShares of IBM crashed 25.2% to around $217 at market close on…

Starting in January, the federal government will begin depositing money directly into eligible workers’ retirement accounts — a first in U.S. policy. But millions of lower‑income women are poised to miss the new Saver’s Match entirely because they don’t have an account for the funds to land in.The Saver’s Match…