Roughly $198.3 million goes straight to the IRSThe Powerball jackpot winner can expect a large upfront federal tax withholding. The IRS requires a mandatory 24% withholding for…

Key insight: Chase is making moves to grow consumer banking in a notoriously competitive European market.Forward look: In the longer term, more U.S. banks may attempt to…

Well, this morning’s jobs report delivered, assuming you were looking for even lower mortgage rates.If you were rooting for a strong economy, that’s a different story entirely.In…

Check out the companies making the biggest moves midday: Quanex Building Products — The solar and refrigeration parts manufacturer shed 13% on weaker-than-expected fiscal third-quarter earnings. Quanex…

There is conclusive evidence that stablecoin adoption does not lead to deposit runoff at community banks. This should give bankers the confidence to grow their businesses by…

President Donald Trump’s “big beautiful bill” raised the state and local tax deduction, known as SALT, to $40,000 for 2025. The change comes less than a decade…

WASHINGTON — The Bureau of Labor Statistics reported that the economy added 22,000 jobs in August, an anemic growth rate that could pave the way for the…

When it comes to financial and retirement planning, many people focus on a single number: their net worth or retirement savings value. While these metrics are important,…