Financial related news.
WASHINGTON (AP) — A senior adviser to Kamala Harris’ 2024 presidential campaign is joining Coinbase’s global advisory council, which already includes several former U.S. senators and Donald Trump’s ex-campaign manager, as the cryptocurrency exchange broadens its political reach. David Plouffe, a top Democratic strategist best known as an architect of Barack Obama’s successful 2008 presidential [...]
WASHINGTON (AP) — The number of Americans filing unemployment claims fell slightly as businesses continue to retain employees despite growing economic uncertainty over U.S. trade policy. Applications for jobless benefits fell by 2,000 to 227,000 for the week ending May 17, the Labor Department said. That’s pretty close to the 230,000 new applications analysts forecast. [...]
Come this fall as central Ohio students return to school, Groveport city officials plan to welcome a class of 20 residents to the city’s inaugural Citizens Academy. Envisioned as a hyper-local civics lesson, the program was devised to give residents of the southeast Franklin County city a better understanding of government operations at its most [...]
President Donald Trump has nominated Michelle Bowman to oversee the Federal Reserve’s financial regulatory efforts. Bowman was appointed by Trump in 2018 to serve on the Fed’s governing board. She replaces Michael Barr as the Fed’s vice chair for Supervision, after Barr stepped down last month to avoid a legal fight that could have ensued [...]
WASHINGTON (AP) — President Donald Trump signed an executive order last week establishing a government reserve of bitcoin, a marker in the cryptocurrency’s journey towards possible mainstream acceptance. Under Trump’s new order, the federal government will retain the estimated 200,000 bitcoin it’s already seized in criminal and civil proceedings, according to Trump’s “crypto czar” David [...]
WASHINGTON (AP) — President Donald Trump says he has directed the Treasury Department to stop minting new pennies, citing the rising cost of producing the one-cent coin. “For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful!” Trump wrote in a post on [...]
NEW YORK (AP) — What a wonderful year 2024 has been for investors. U.S. stocks ripped higher and carried the S&P 500 to records as the economy kept growing and the Federal Reserve began cutting interest rates. The year featured many familiar winners, such as Big Tech, which got even bigger as stock prices kept [...]
The U.S. stock market gained more than 25 percent this year, a healthy showing by any measure. It doesn’t seem like it would be a market environment that’s conducive to tax-loss selling. Yet unless investors’ strategy is to buy only U.S. stocks, they may indeed have opportunities to realize tax losses in their portfolios, which [...]
Approximately 1 million taxpayers will automatically receive special payments of up to $1,400 from the IRS in the coming weeks. The money will be directly deposited into eligible individual’s bank accounts or sent in the mail by a paper check. The IRS said it is distributing about $2.4 billion to taxpayers who failed to claim [...]
WASHINGTON — The federal FAFSA form used to apply for college financial aid has opened to high school seniors nationwide, a year after a disastrous rollout by the Biden administration delayed the application for months. After weeks of testing, the Education Department says there have been no major problems with the online form. It’s opening [...]