New automotive tariffs are beginning to take effect in April and May. While some anxious buyers are rushing to dealerships to make a purchase, buying today may not necessarily ensure a good deal, several experts said. Prices for new and used cars have been surging since 2019. U.S. tariffs on auto imports have added a
Trump has been looking to extend his 2017 tax cuts, which are set to expire later this year. President Donald Trump said on April 27 that the tariffs he imposed on U.S. trading partners will lead to a substantial reduction in tax rates for those making less than $200,000 a year. “When Tariffs cut in,
‘Debt doesn’t go away; it gets transferred to others,’ Education Secretary Linda McMahon said. The Department of Education on May 5 will resume collections for the first time in five years of federal student loans in default, impacting some 5 million borrowers. Since March 2020, the department has not collected on default loans. When Congress
BAKERSFIELD, Calif.—As the whir of pumpjacks break the silence at the Poso Creek oil fields near Bakersfield in Kern County, the crisp morning air is unmistakably clean and fresh as crews monitor the equipment that measures any possible emissions. In 2019, Kern County ranked first among California’s oil-producing counties and seventh overall in the nation
People who forget their social security number will have a simple way to quickly view the information online. The Social Security Administration (SSA) is set to provide beneficiaries with digital access to their Social Security Numbers (SSN), offering a “secure and accessible” alternative to physical SSN cards, the agency said in an April 25 statement.
NAB banker Claudia Dior mentioned that these findings go against common beliefs about how adolescents handle their finances. Australian teenagers are showing impressive confidence in handling their finances, with many already engaging in smart money habits such as budgeting and tracking expenses, according to data from NAB Economics. According to the report, 70 percent of
The proposed regulations are open to a 45-day public comment period, ending on June 9. The California Department of Motor Vehicles (DMV) on April 25 released its proposed rules for testing self-driving heavy-duty commercial vehicles on public roads in the state. The state regulator said in a statement that the new framework would allow automotive
Treasury Secretary Scott Bessent says the high-level meeting was ’very successful.’ South Korea and the United States agreed on Thursday to pursue a trade deal that will help Seoul avoid U.S. tariffs before President Donald Trump’s 90-day pause on reciprocal tariffs ends in July. South Korean Finance Minister Choi Sang-mok announced the deal after he
Southwest reported a first-quarter loss of 26 cents per share. An analyst warns new initiatives such as baggage fees could cost it market share. Southwest Airlines Company’s ongoing turnaround efforts stalled in the first quarter as the Dallas-based carrier announced plans to cut flight schedules amid an industry-wide travel slump. Like America, Delta, and other
The minerals in certain areas of the Pacific Ocean are valued in the trillions of dollars, according to a recent scientific report. President Donald Trump signed an executive order on April 24 fast-tracking a new industry, offshore deep-sea mineral mining in the Pacific Ocean. Trump’s order, titled “Revitalizing American Dominance in Deep Seabed Minerals,” seeks to