Category: Economic News
The macro economy has a large impact on your personal finances. To help you manage your money better we track the import economic trends. Stay up to date so you can be prepared to adjust your personal finance strategies.
Economic News
Economic News
National Gas Price Average Falls to Under $2 Per Gallon
Given the numerous challenges facing Americans today, it seems any piece of good news is welcome. With that in mind, drivers may be pleased to know that gas prices are falling. In fact, new data shows that the average price just dropped below a major milestone. According to the app GasBuddy, the price for a gallon of gasoline fell to a national average of $1.97 this week. Not only does...
Economic News
How Will Americans Spend Their Emergency Stimulus Checks?
With the COVID-19 pandemic negatively impacting the lives of millions, this week the United States Congress has been attempting to pass a massive stimulus bill that would offer relief to some workers and businesses. As of this writing, the details of an apparent deal reached in the Senate are not available but it is currently expected that individual adults making under $75,000 a year (based on your adjusted gross income)...
Economic News
Tax Day 2020 is Now Officially July 15th Federally
Following a previous announcement that the Internal Revenue Service (IRS) would push back the 2019 tax payment deadline to July, the agency has not decided to delay the filing cut off as well. As a result, for 2020, Tax Day will not be on April 15th but July 15th instead. Like with the payment deadline delay, taxpayers will not need to request this extension or file extra forms as this...
Economic News
IRS Extends 2019 Tax Payment Deadline to July
As the COVID-19 outbreak worsens, the virus is also wreaking economic havoc as many businesses are forced to close. In response the White House has been floating a number of emergency measures, including bailouts for certain industries and cash payments for the majority of Americans. Additionally this week the Internal Revenue Service announced that it would be extending the payment deadline for 2019 tax returns. While taxes are famously due...
Economic News
Longest Bull Market in History Ends Amid Pandemic
Just days after celebrating its 11th anniversary, the bull market in the U.S. — the longest in history — has come to a dramatic end. Despite some rallying efforts that followed major sell-offs last week, the continued spread of COVID-19 coupled with an oil price war has sunk the markets lower. Between the World Health Organization officially calling the novel coronavirus a global pandemic, President's Oval Office address that put...
Economic News
U.S. Adds 273,000 Jobs as Economy Braces for COVID-19 Impacts
This morning's jobs report shows the United States economy adding an incredibly strong number of jobs during the short (but one-day longer than normal) month of February. Moreover the underline unemployment rate fell once again. However it seems difficult for economists to focus on that when several unknowns threaten to impact conditions going forward. As for the good news: the economy added 273,000 jobs last month. That blows the 165,000...
Economic News
