The effective tariff rate reached 6.7 percent in July, nearly triple where it stood in January 2025
The average effective U.S. tariff rate stood at 6.7 percent in July 2026, nearly triple the 2.3 percent rate recorded in January 2025, according to the Penn Wharton Budget Model’s September 9, 2026 update on tariff rates and revenue. The increase held even after the Supreme Court declared the administration’s broad emergency-powers tariffs unconstitutional in […]
Read MoreThe effective tariff rate reached 6.7 percent in July, nearly triple where it stood in January 2025
The average effective U.S. tariff rate stood at 6.7 percent in July 2026, nearly triple the 2.3 percent rate recorded in January 2025, according to the Penn Wharton Budget Model’s September 9, 2026 update on tariff rates and revenue. The increase held even after the Supreme Court declared the administration’s broad emergency-powers tariffs unconstitutional in […]
Read MorePersonal Finance
Insurance & Protection
Obamacare’s open enrollment opens November 1 with sharply higher premiums for 2027
The Affordable Care Act’s next open enrollment period begins November 1, and it arrives with the steepest round of proposed…
Personal Finance
Insurance & Protection
Obamacare’s open enrollment opens November 1 with sharply higher premiums for 2027
The Affordable Care Act’s next open enrollment period begins November 1, and it arrives with the steepest round of proposed…
Markets & Investing
Banking & Credit Cards
Fraud & Scams
A new Social Security scam asks to verify employment records rather than threatening arrest
The Social Security Administration’s Office of the Inspector General warned on August 31 that a new imposter script is circulating among callers who claim to...
Bank Accounts & Fees
Banks can charge full overdraft fees again after a federal cap fell
Banks that spent 2024 bracing for a $5 federal cap on overdraft fees have instead spent the past year and a half free of any...
Credit Cards & Rewards
The credit-card average interest rate now tops 22% after the Federal Reserve’s rate increase
The average interest rate on a credit card that is actually carrying a balance has climbed to 22.15%, the highest level in recent Federal Reserve...
Bank Accounts & Fees
Five banks and three credit unions failed this year, and every insured deposit moved to a new bank
Five U.S. banks and three federally insured credit unions failed in 2026, and in every one of those eight cases the failed institution’s depositors kept...
Fraud & Scams
A Ponzi manager who spent investors’ millions on private jets drew 11 years and a $31.35 million bill
A federal judge in St. Louis sentenced a Texas investment manager to 11 years in prison this week for running a Ponzi scheme that took...
Fraud & Scams
On Q data-breach customers can file for up to $5,000, but the claim deadline is October 28
On Q Financial, an Arizona-based mortgage lender, has agreed to pay $1.25 million to settle a class-action lawsuit over a data breach that exposed customers’...
Real Estate
Renting & Leasing
New federal rent ceilings take effect the same day the public comment window on them closes
The Department of Housing and Urban Development’s fiscal year 2027 Fair Market Rents become effective October 1, 2026, the identical…
Retirement & Taxes
Medicare will not count what TrumpRx saves a patient toward the drug deductible or the out-of-pocket cap
Savings up to $9,950 do not disqualify a single person from having Medicare pay the full Part B premium
The Medigap window after a Medicare Advantage plan drops you opens 60 days before coverage ends, not after
