News

U.S. Import Prices Slide Ahead of New Tariffs
President Trump unveiled at the start of April a blanket set of tariffs, which he calls reciprocal, on many of America's trading partners, though he later set out a 90-day pause. Still, new tariffs ...
How do I apply for a tax-filing extension? What time are taxes due? Your last-minute Tax Day questions, answered.
Tuesday is Tax Day, the last day to pay any owed 2024 income taxes. It's also the final day to either file a tax return or claim an extension. Taxpayers have until 11:59 p.m. in their local time zone ...
Americans are spending their tax refunds differently this year - and it says a lot about this economic moment
Many Americans swimming in high prices and deepening debts are turning to their income-tax refunds as a life jacket. Tax refunds are the biggest single payment some people receive all year; common ...
The IRS is pulling back on some audits - but not everyone can breathe a sigh of relief
The tax collector pledged to do more audits of rich people and businesses under former President Joe Biden's administration - but for most others, the chances of an audit were already quite low. The ...
Albertsons warns of lower-than-expected profit ahead as it gears up to go it alone
Albertsons said it now expects fiscal 2025 adjusted earnings to range from $2.03 to $2.16 a share, well below the $2.28 FactSet consensus. It expects same-store sales to grow 1.5% to 2.5%, while ...
Stocks that benefit from chaos are helping a husband-and-wife investing duo beat the competition
Johnson & Johnson (JNJ) shares are up after a profit and revenue beat and raised guidance. Bank of America (BAC) is also rising after topping Wall Street's earnings and revenue targets. PNC Financial ...
Bond market is the Achilles' heel of Trump's 'big, beautiful' budget bill, say investors
U.K. Prime Minister's Liz Truss's government in 2022 sparked a mini budget crisis that forced a pivot, and eventually left her out of a job. James Carville, a Democratic political adviser, years ago ...
Fund managers have never turned so pessimistic this quickly on U.S. stocks, a survey finds
Fund managers have quickly become pessimistic on U.S. stocks after the introduction of Trump administration tariffs. According to screenshots of Bank of America's fund manager survey shared on the ...
Honda Motor Mulls Auto Manufacturing Relocation into U.S. From Canada, Mexico, Nikkei Reports
-- Automaker Honda Motor plans to move its car production out of Canada and Mexico and into the U.S. in response to Trump's 25% tariffs on imported vehicles, according to a Nikkei report.
Bank of America profit jumps 10%, but CEO Moynihan warns of 'a changing economy'
Bank of America's first-quarter profit climbed about 10% to $7.4 billion, or 90 cents a share, from $6.7 billion, or 76 cents a share, in the year-earlier quarter. The bank topped the FactSet ...
Nissan to Cut Japanese Production of Popular U.S. Model in Response to Trump Tariffs, Reuters Reports
-- Japanese automaker Nissan plans to reduce domestic production of one of its most popular models in the U.S. in response to Trump's 25% import tariff, according to Reuters, citing an unidentified ...
Johnson & Johnson raises sales outlook, even with tariff costs accounted for
Johnson & Johnson maintained its full-year 2025 adjusted earnings outlook of $10.50 to $10.70 a share, or 6.2% growth from a year ago at the midpoint.