Tag «personal finance»
Trump Picked Kevin Warsh to Cut Rates. Warsh Just Raised Them Instead — Unanimously.
The Federal Reserve raised interest rates today for the first time in three years. The vote was unanimous. The man running that vote is Kevin Warsh — the same guy Trump nominated because he wanted someone who’d cut rates, not raise them. Back in February, at a Semafor economic summit, Trump said he wouldn’t have …
Everyone Said Ending Free Bags Would Sink Southwest. It Made Them $227 Million Instead.
Southwest Airlines spent decades selling you exactly one thing no other airline would: free bags. It showed up in every commercial and every earnings call, unchanged for years. Then in May 2025, Southwest killed it. The reaction was instant and confident. Fitch Ratings warned that adding bag fees risked “eroding Southwest’s competitive strengths relative to …
Electric Utilities Pocketed $244 Billion in Profit. Then They Asked You for More.
Your electric bill went up again this year. Mine did too — about $110 more than last year, which happens to land right around the national average increase. Meanwhile, the companies sending you that bill just wrapped up their best five years ever. From 2021 to 2025, investor-owned electric utilities pocketed $244 billion in profit …
Billionaires Pay a 4.8% Tax Rate. A New Bill Wants to Fix the Math, Not the Bracket.
Warren Buffett’s secretary has paid a higher tax rate than Warren Buffett for years now, and somehow that’s still true in 2026. It’s not because the tax code has a soft spot for old men who like Cherry Coke — it’s because the way the ultra-rich actually get paid barely resembles a paycheck, and the …
The US Open Champion Will Take Home $5.5 Million. For Two Weeks.
Your Plane Ticket Price Isn’t Random. It’s Personal.
Book a flight from an iPhone, in a hotel lobby, at midnight, after refreshing the same search four times because the price keeps changing, and Delta might quietly decide you look desperate enough to pay more. Sounds like a conspiracy theory. It isn’t anymore. It’s the subject of a congressional inquiry with an actual deadline. …
Back-to-School Shopping Quietly Became a Financial Stress Test
Somewhere between the three-ring binders and the “suggested donation” for classroom supplies, back-to-school shopping quietly turned into one of the more stressful line items on the family calendar, and this year it’s worse than usual. New numbers out this month show families planning to spend less on the actual shopping trip than they did last …