Personal finance news that hits your wallet: inflation, interest rates, mortgage and credit-card rates, gas and grocery prices, taxes, Social Security and retirement savings.
Last updated moments ago
Canadian businesses are under threat from U.S. tariffs under Section 338 of the Smoot-Hawley Tariff Act if no Canada-U.S. deal is reached. CBC photographer Evan Mitsui visited some of the industries to hear their concerns as the deadline to finalize a deal ticks down.
CBC News
The debt has more than doubled in a decade to reach a milestone $40tn (£29.4tn), Treasury figures show.
BBC News
The surprising move this week by Treasury Secretary Scott Bessent to intervene in Treasury markets to lower the cost of government debt undercuts the credibility of Federal Reserve Chairman Kevin Warsh to make interest-rate policy, experts said.
MarketWatch
Trump said he had 'a commitment' that the imported meat would be sold at 25% below current market prices under the plan, which he claimed will help reduce consumer costs.
Global News
Beef prices in the U.S have soared in 2026 due to a reduction in the nation's cattle herd.
CNBC
President Trump on Friday sought to ease price pressure on beef prices by temporarily lifting the tariffs on imported beef. The move drew swift and sharp rebukes from some lawmakers and ranchers. Trump is set to hit the campaign trail Friday in an attempt to give Republican Sen. Darline Graham (S.C.) one last boost before…
The Hill
The tariffs are set to take effect early Saturday morning, after Trump extended a previous deadline by three days.
ABC News
The president did not mention with whom he made the deal or where the imported ground beef is coming from.
Al Jazeera
Experts say even a last-minute breakthrough will not result in the US lifting all its tariffs on Canadian goods.
Al Jazeera
Businesses have warned that Trump's new 50% duties could cripple their U.S. sales if they take effect.
CNBC
Logitech increased prices by up to 25 percent last year.
Ars Technica
Walmart says it's doubling down on lower prices with its $2.9 billion tariff refund.
The Hill
Matt Zames will take on an unpaid adviser position at the Social Security Administration, according to reports.
MarketWatch
More than 1,200 people surveyed regarding the costs of weddings, regardless of whether they were paying for their own or turning up for someone else's.
Global News
Billionaire investor Ray Dalio said the the debt buyback announcement this week fits into a larger pattern that could signal a forthcoming debt crisis.
CNBC
Ground beef prices, now averaging nearly $7 a pound, remain historically high due to shrinking cattle herds.
CBS News
Matt Zames is taking an unpaid position to help his former JPMorgan colleague Frank Bisignano tackle modernization of the SSA, CNBC has learned.
CNBC
Bans by Canadian provinces on U.S. alcohol has taken centre stage in trade negotiations as premiers consider whether to put bottles back on the shelves to pacify the White House. Winemakers and industry associations say it's bewildering to have their livelihoods end up as leverage in an international dispute.
CBC News
President Trump announced Friday that the U.S. will pause higher tariffs on ground beef imports for 90 days to lower costs of the meat for consumers. Trump, in a post on Truth Social, said the U.S. will allow up to 300,000 metric tons of ground beef to be imported without an “out-of-quota tariff,” or the…
The Hill
Canada-U.S. Trade Minister Dominic LeBlanc is scheduled to meet with U.S. Trade Representative Jamieson Greer on Friday morning, his office said.
Global News
The US hit a debt milestone this week, but just how worried should we be about the world's largest economy?
BBC News
The so-called breakeven rate hit its highest levels in more than two months.
CNBC
Gold is rebounding as investors weigh U.S. debt concerns, a weaker dollar and stubbornly high Treasury yields.
CNBC
America is caught in a historic capital squeeze: On one side: Trillions Washington must borrow to pay for the past . On the other: Trillions the economy needs to build the future . Why it matters: The next president will inherit a fiscal reckoning decades in the making. The price it exacts — on taxes, benefits, borrowing and investment — could shape America's prosperity and power for generations. Zoom in: President Trump said in 2016 that he could eliminate what was then roughly $19 trillion in…
Axios
For real estate professionals, the potential consequence is another variable in the affordability equation
HousingWire
Broadcom is in talks to raise upwards of $70 to $80 billion in debt for a chip financing deal, CNBC's David Faber reported on Friday.
CNBC
Canada-U.S. Trade Minister Dominic LeBlanc held what is believed to be his longest meeting to date with American officials in Washington as both sides push to finalize a deal that will deliver tariff relief for hard-hit Canadian industries and restore U.S. alcohol sales in province-run liquor stores.
CBC News
Federal debt has mounted amid tax cuts and trillions in pandemic spending, adding to the nation's interest payments.
CBS News
The U.S. national debt this week topped $40 trillion, raising fresh concerns about how rising federal borrowing could affect Americans' finances. Why it matters: Americans don't personally owe the national debt, but rising debt could pressure lawmakers to raise taxes, cut spending or change federal benefits. State of play: The gross federal debt hit $40 trillion for the first time on Wednesday. That figure includes debt the government owes itself. Economists usually focus on the roughly $32…
Axios
Total U.S. debt has toppled $40 trillion for the first time, doubling in just the past 9 years. NBC News' Allie Canal breaks down the significance of the latest numbers.
NBC News
Employers who've been reeling from near double-digit health cost increases the past three years can expect more of the same in 2027, according to new projections from benefits consultant Aon. Why it matters: Companies and their workers are locked in one of the most sustained periods of health care inflation in decades — and the trend lines are sure to intensify affordability concerns. Driving the news: Rising demand for health services, more chronic disease and increased use of drugs like…
Axios
