ALL THE MONEY NEWS YOU NEED TO KNOW | | | | | | Daniel de Visé | Personal Finance Reporter
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Rising gasoline costs kept inflation elevated in February, Paul Davidson reports, underscoring that the road to stable consumer prices may continue to be bumpy. |
Fed Chair Jerome Powell told Congress last week that the central bank will likely trim its key interest rate this year -- but not until officials see more evidence that inflation is moving in the right direction. |
Since March 2022, the Fed has hiked its benchmark short-term rate from near zero to a 22-year high of 5% to 5.25% to corral inflation. |
How high was inflation in February? For that and all the other numbers, read Paul's story. |
Which top firms spend more on exec pay than taxes? |
Dozens of large corporations paid more money to their top executives than they shelled out in federal taxes between 2018 and 2022, according to a new watchdog report. |
The analysis names 35 corporations, including Tesla and some other big brands, that each reportedly spent more on compensation to their five highest-paid executives than they paid in federal income taxes over five years. |
Collectively, the 35 corporations spent $9.5 billion on their top executives over that span, the report said, while their combined federal tax bill came to -$1.8 billion: a collective refund. |
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Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you. |
Daniel de Visé covers personal finance for USA Today. | | | | Annual inflation increased in February to 3.2% as gas prices, rent climbed. Core price gains, which exclude food and energy, eased slightly | | | |  | Dozens of large corporations paid more money to their top executives than they shelled out in federal taxes, according to a new watchdog report. | | | | Realtor.com announced Wednesday that it will add features to its listings that will show a property's climate change risks. | | | | Even if your state does tax Social Security benefits, you may not pay much at all. | | | | 2025's COLA estimate rose to 3.1% after hotter February inflation data. However, it's still below 2024's 3.2% bump and leaves seniors struggling. | | | | Age matters in taxes. When can you take the Child Tax Credit or an extra standard deduction? Here's a list of tax birthdays to mark on your calendar. | | | | A new Consumer Federation of America study finds that a large number of Native American, Hispanic and Black, homeowners don't have home insurance. | | | | Move over, Nvidia! Wall Street's most-prominent billionaire investors are dumping the AI kingpin in favor of two other industry leaders. | | | | If you're also a pet owner who enjoys bringing your furry friends on vacation, you've got options. | | | | Trader Joe's canvas mini tote bags, which retail for $2.99, are being sold by third-party resellers for up to $500 amid a recent social media craze. | | | | |  | Sign up for the news you want | Exclusive newsletters are part of your subscription, don't miss out! We're always working to add benefits for subscribers like you. | | | | | | |
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