https://www.benzinga.com/views/taxonomy/term/17834 en https://www.benzinga.com/news/financing/26/06/52901700/trump-tariff-change-could-make-air-conditioner-repairs-replacements-more-expensive-just-as-summer-?utm_source=benzinga_taxonomy&utm_medium=rss_feed_free&utm_content=taxonomy_rss&utm_campaign=channel <p class="has-text-align-left">Americans could pay more to repair or replace their air conditioners this summer after a Trump administration tariff change increased costs across parts of the HVAC supply chain.</p> <p class="has-text-align-left"> Industry groups cited in TheStreet <a href="https://www.thestreet.com/taxes/trump-tariffs-are-about-to-hit-your-ac-repair-bill">report</a> warned that revised Section 232 rules, a trade measure that allows tariffs on imports deemed important to national security, could push up prices for heating and cooling equipment imported into the U.S. just as peak cooling season begins.</p> <p class="has-text-align-left">According to TheStreet, the change removed a long-standing exemption that previously excluded certain U.S.-origin steel and aluminum contained in imported products from tariff calculations. Industry groups cited by the publication said the revision could raise the cost of heating and cooling equipment imported from Mexico, a major supplier of HVAC systems to the United States.</p> <p>The <strong>Air Conditioning Contractors of America</strong> (ACCA) warned in April that the change could significantly increase equipment costs for contractors and customers. Distributor group HARDI said some Mexican-built HVAC equipment that previously faced an effective tariff exposure of roughly 8% could now face costs approaching 25% of a unit&#8217;s value.</p> <p>Manufacturers have already begun adjusting prices. <strong>Lennox International Inc.</strong> <a class="ticker-link" data-ticker="LII" data-exchange="NYSE" href="https://www.benzinga.com/quote/LII" target="_blank" rel="noopener">(NYSE:<a class="ticker" href="https://www.benzinga.com/quote/LII">LII</a>)</a> announced price increases on certain equipment and parts, while WaterFurnace International also raised residential ...</p><p><a href=https://www.benzinga.com/news/financing/26/06/52901700/trump-tariff-change-could-make-air-conditioner-repairs-replacements-more-expensive-just-as-summer-?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel alt=Trump Tariff Change Could Make Air Conditioner Repairs, Replacements More Expensive Just As Summer Heat Arrives>Full story available on Benzinga.com</a></p> benznews Government LII Tariff Economics Tech Personal Finance LII US5261071071 Government Economics Tech Personal Finance Benzinga Mon, 01 Jun 2026 12:22:19 +0000 Tanya Rawat 52901700 at https://www.benzinga.com https://www.benzinga.com/news/events/26/06/52898530/worst-us-wheat-crop-since-1972-could-push-grocery-prices-higher-experts-warn?utm_source=benzinga_taxonomy&utm_medium=rss_feed_free&utm_content=taxonomy_rss&utm_campaign=channel <p>Americans could face higher grocery prices later this year as drought, rising input costs and crop disease weigh on what is shaping up to be the weakest U.S. wheat harvest in decades.</p> <p>According to the <strong>U.S. Department of Agriculture</strong>&#8216;s May Crop Production report, total U.S. wheat production is projected at 1.56 billion bushels in 2026, down 21% from a year earlier and the lowest level since 1972.</p> <p>The decline follows a difficult growing season marked by drought conditions, sharp temperature swings, elevated fertilizer and diesel costs and multiple wheat-related diseases.</p> <div class="bz-read-next-block"<br /> data-variant="card"<br /> data-news-mode="manual" <p> ></p> <p> <strong><br /> Read Also:<br /> <a href="https://www.benzinga.com/personal-finance/tax/26/06/52897418/americans-are-fleeing-high-tax-states-heres-where-theyre-moving-and-why" target="_blank" rel="noopener"><br /> Americans Are Fleeing High-Tax States—Here&#039;s Where They&#039;re Moving And Why</a><br /> </strong> </p> </div> <h2 class="wp-block-heading">Wheat Production Hits Multi-Decade Low</h2> <p>According to a <a href="https://thehill.com/business/personal-finance/5901378-were-having-the-worst-wheat-crop-in-decades-youll-notice-the-ripple-effects-soon-at-the-grocery-store/">report</a> by The Hill, <strong>Todd Hubbs</strong>, a crop marketing specialist at Oklahoma State University Extension, said Hard Red Winter wheat production is forecast at 515 million bushels, which would be the ...</p><p><a href=https://www.benzinga.com/news/events/26/06/52898530/worst-us-wheat-crop-since-1972-could-push-grocery-prices-higher-experts-warn?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel alt=Worst US Wheat Crop Since 1972 Could Push Grocery Prices Higher, Experts Warn>Full story available on Benzinga.com</a></p> benznews USDA Wheat Commodities Economics Personal Finance Commodities Economics Personal Finance Benzinga Mon, 01 Jun 2026 10:36:59 +0000 Tanya Rawat 52898530 at https://www.benzinga.com https://www.benzinga.com/personal-finance/tax/26/06/52897418/americans-are-fleeing-high-tax-states-heres-where-theyre-moving-and-why?utm_source=benzinga_taxonomy&utm_medium=rss_feed_free&utm_content=taxonomy_rss&utm_campaign=channel <p>Americans are continuing to relocate from higher-tax states to lower-cost regions, particularly across the South and Sun Belt.</p> <p>According to a<span style="box-sizing: border-box; margin: 0px; padding: 0px;"> Fox Business report citing recent Census Bureau migration data, s</span>tates with lighter tax burdens and lower living costs have continued to attract residents, businesses, and investment. In contrast, several higher-tax coastal states have experienced ongoing domestic outmigration. </p> <p>Census Bureau government finance data show significant differences in state and local tax collections across states, with New York, Connecticut and New Jersey among the highest on a per-resident basis and Tennessee, Mississippi and Alabama among the lowest.</p> <div class="bz-read-next-block"<br /> data-variant="card"<br /> data-news-mode="manual" <p> ></p> <p> <strong><br /> Read Also:<br /> <a href="https://www.benzinga.com/news/education/26/06/52896083/trump-big-beautiful-bill-student-loan-july-1-deadline" target="_blank" rel="noopener"><br /> Trump&#039;s Big Beautiful Bill Has A Student Loan Clause That Could Affect You: Here&#039;s What You Should Know About The July 1 Deadline</a><br /> </strong> </p> </div> <h2 class="wp-block-heading">Affordability Drives Migration</h2> <p>The migration trend comes as affordability remains a growing concern for many Americans. A recent ...</p><p><a href=https://www.benzinga.com/personal-finance/tax/26/06/52897418/americans-are-fleeing-high-tax-states-heres-where-theyre-moving-and-why?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel alt=Americans Are Fleeing High-Tax States—Here&#039;s Where They&#039;re Moving And Why>Full story available on Benzinga.com</a></p> benznews U.S. Census Bureau Economics Personal Finance Economics Personal Finance Benzinga Mon, 01 Jun 2026 09:31:27 +0000 Tanya Rawat 52897418 at https://www.benzinga.com https://www.benzinga.com/news/education/26/06/52896083/trump-big-beautiful-bill-student-loan-july-1-deadline?utm_source=benzinga_taxonomy&utm_medium=rss_feed_free&utm_content=taxonomy_rss&utm_campaign=channel <p>Student loan borrowers who take out new federal loans or consolidate existing debt after July 1 could face fewer repayment and loan-forgiveness options under changes enacted through President <strong>Donald Trump</strong>&#8216;s One Big Beautiful Bill Act.</p> <p>Financial planners and student loan experts <a href="https://www.cnbc.com/2026/05/31/student-loan-big-beautiful-bill-changes.html">told</a> CNBC that even small amounts of new federal borrowing could have significant consequences for borrowers seeking to preserve existing repayment and forgiveness benefits.</p> <p>Borrowers who take out a Direct Loan, including a Direct Consolidation Loan, first disbursed on or after July 1, 2026, will generally have access only to the Repayment Assistance Plan and the Tiered Standard Plan across their Direct Loans, according to Federal Student Aid guidance. Existing borrowers who avoid new borrowing may retain access to older repayment plans, including Income-Based Repayment.</p> <div class="bz-read-next-block"<br /> data-variant="card"<br /> data-news-mode="manual" <p> ></p> <p> <strong><br /> Read Also:<br /> <a href="https://www.benzinga.com/markets/tech/26/06/52895858/nvidia-infrastructure-company-jensen-huang-computex-2026-ai-factory" target="_blank" rel="noopener"><br /> Nvidia Has Become An &#039;Infrastructure Company&#039;: Jensen Huang Shows Off RTX Spark Superchip, Vera CPU And AI Factory Vision At Computex 2026</a><br /> </strong> </p> </div> <h2 class="wp-block-heading">New Borrowing Triggers New Rules</h2> <p><strong>Kathleen Boyd</strong>, founder of Student Loan Savvy, told CNBC the changes are &#8220;really high stakes stuff&#8221; because even small amounts ...</p><p><a href=https://www.benzinga.com/news/education/26/06/52896083/trump-big-beautiful-bill-student-loan-july-1-deadline?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel alt=Trump&#039;s Big Beautiful Bill Has A Student Loan Clause That Could Affect You: Here&#039;s What You Should Know About The July 1 Deadline>Full story available on Benzinga.com</a></p> benznews Government student loan Education Economics Personal Finance Government Education Economics Personal Finance Benzinga Mon, 01 Jun 2026 06:48:30 +0000 Tanya Rawat 52896083 at https://www.benzinga.com https://www.benzinga.com/personal-finance/financial-advisors/26/05/52894349/gallup-poll-shatters-25-year-record-heres-americans-no-1-financial-concern?utm_source=benzinga_taxonomy&utm_medium=rss_feed_free&utm_content=taxonomy_rss&utm_campaign=channel <p>A few weeks ago, <a href="https://www.benzinga.com/personal-finance/financial-advisors/26/05/52625154/fed-report-americans-feel-worse-about-the-economy-than-ever-but-keep-spending?adt_ei={{email}}&amp;he={{email}}&amp;el=BenzingaAdvisor">we highlighted the growing disconnect</a> between how consumers feel about the economy and how they continue to behave financially. Gallup&#039;s annual economy and personal finance <a href="https://news.gallup.com/poll/708905/affordability-dominates-americans-financial-worries.aspx?adt_ei={{email}}&amp;he={{email}}&amp;el=BenzingaAdvisor">survey</a> adds another layer to that story.</p> <p>Even with inflation well below its 2022 peak, affordability — for the fifth consecutive year — remains the dominant financial concern for American households. Rising prices were still the most-cited issue in the survey, while concerns about energy costs surged to their highest level since 2008. Most notably, 55% of Americans now say their financial situation is getting worse — the highest reading the poll has recorded outside of periods surrounding the Great Recession.</p> <p>What&#039;s interesting is that many of these households are not necessarily in immediate financial distress. Instead, consumers appear worn down by several consecutive years of persistent cost increases ...</p><p><a href=https://www.benzinga.com/personal-finance/financial-advisors/26/05/52894349/gallup-poll-shatters-25-year-record-heres-americans-no-1-financial-concern?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel alt=Gallup Poll Shatters 25-Year Record — Here&#039;s Americans&#039; No. 1 Financial Concern>Full story available on Benzinga.com</a></p> personal finance Personal Finance Personal Finance Benzinga Sun, 31 May 2026 16:01:23 +0000 Justin Giles 52894349 at https://www.benzinga.com https://www.benzinga.com/pressreleases/26/05/r52892916/las-vegas-based-investment-manager-receives-top-performance-ratings-from-morningstar-r?utm_source=benzinga_taxonomy&utm_medium=rss_feed_free&utm_content=taxonomy_rss&utm_campaign=channel <p>Winans Investments is the first investment firm based in Las Vegas to receive receive "5 Star" rankings from the prestigious global rating firm Morningstar(r). This helps establish Las Vegas as a growing financial service center.</p> <p>Las Vegas, NV May 30, 2026 --(<a rel="nofollow" href="https://www.pr.com/" rel="nofollow">PR.com</a>)-- Winans Investments, an independent investment management firm based in Las Vegas, has received &#34;5 Star&#34; rankings from the prestigious global rating firm Morningstar(r).</p> <p>With over 11,000 advisor-managed ...</p><p><a href=https://www.benzinga.com/pressreleases/26/05/r52892916/las-vegas-based-investment-manager-receives-top-performance-ratings-from-morningstar-r?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel alt=Las Vegas-Based Investment Manager Receives Top Performance Ratings from Morningstar(r)>Full story available on Benzinga.com</a></p> business Financial Advisors News Financing Personal Finance Press Releases Sat, 30 May 2026 12:33:31 +0000 PR.com 52892916 at https://www.benzinga.com https://www.benzinga.com/real-estate/26/05/52867929/us-new-home-sales-fall-6-2-april-higher-mortgage-rates-weigh-on-housing-demand?utm_source=benzinga_taxonomy&utm_medium=rss_feed_free&utm_content=taxonomy_rss&utm_campaign=channel <p>New U.S. single-family home sales fell in April as elevated mortgage rates and affordability pressures continued weighing on buyers, according to a report released Thursday by the U.S. Census Bureau.</p> <p>New home sales declined 6.2% month-over-month to a seasonally adjusted annual rate of 622,000 units in April and were 11.3% below the same period a year earlier.</p> <p>The decline followed gains in February and March after winter weather disruptions earlier this year. Sales decreased across the Northeast, South and Midwest, while the West recorded an increase.</p> <p>Higher borrowing costs remained a key challenge for prospective buyers. Freddie Mac data showed the average <strong><a href="https://www.benzinga.com/real-estate/26/05/52205669/mortgage-rates-tick-up-to-6-30-but-buyer-demand-is-robust-freddie-mac-says">30-year fixed mortgage rate averaged 6.30%</a></strong> at the end of April, while rates have continued moving higher in recent weeks.</p> <div class="bz-read-next-block"<br /> data-variant="card"<br /> data-news-mode="manual" <p> ></p> <p> <strong><br /> Read Also:<br /> <a href="https://www.benzinga.com/news/politics/26/05/52866656/trump-calls-iran-very-good-negotiators-as-vance-says-nuclear-enrichment-remains-key-obstacle-to-emerging-deal" target="_blank" rel="noopener"><br /> Trump Calls Iran &#039;Very Good Negotiators&#039; As Vance Says Nuclear Enrichment Remains ...</a></strong></p></div><p><a href=https://www.benzinga.com/real-estate/26/05/52867929/us-new-home-sales-fall-6-2-april-higher-mortgage-rates-weigh-on-housing-demand?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel alt=US New Home Sales Drop 6.2% In April As Elevated Mortgage Rates Weigh On Housing Demand>Full story available on Benzinga.com</a></p> affordable housing benznews Housing Market Personal Finance Real Estate Personal Finance Real Estate Benzinga Fri, 29 May 2026 12:21:02 +0000 Tanya Rawat 52867929 at https://www.benzinga.com https://www.benzinga.com/news/financing/26/05/52866843/aarp-urges-congress-social-security-older-americans-financially-squeezed?utm_source=benzinga_taxonomy&utm_medium=rss_feed_free&utm_content=taxonomy_rss&utm_campaign=channel <p>Older Americans are facing growing financial pressure and increasingly relying on Social Security, prompting AARP to urge Congress to strengthen the program ahead of a key funding deadline.</p> <p>New research from <strong>AARP</strong> found that 37% of Americans age 50 and older feel financially insecure, while 60% worry about having enough money to last through retirement.</p> <p>Among those not yet retired, 42% reported having less than $50,000 in retirement savings. AARP said 61% of older Americans believe the average Social Security benefit of roughly $2,000 per month is not enough, while 69% said prices are rising faster than their income.</p> <p>&#8220;With prices rising for everyday essentials like groceries, housing, utilities and health care, current and future retirees are counting on Social Security now more than ever,&#8221; said <strong>Nancy LeaMond,</strong> AARP&#8217;s Executive Vice President and Chief Advocacy &amp; Engagement Officer.</p> <p>She added that Social Security remains &#8220;the critical foundation of retirement security&#8221; and &#8220;must be strengthened and protected.&#8221;</p> <div class="bz-read-next-block"<br /> data-variant="card"<br /> data-news-mode="manual" <p> ></p> <p> <strong><br /> Read Also:<br /> <a href="https://www.benzinga.com/real-estate/26/05/52864770/new-york-approves-mamdanis-pied-a-terre-tax-heres-what-it-means-for-luxury-homeowners" target="_blank" rel="noopener"><br /> New York Approves Mamdani&#039;s Pied-à-Terre Tax—Here&#039;s What It Means For Luxury Homeowners</a><br /> </strong> </p> </div> <h2 class="wp-block-heading">Social Security Funding Concerns</h2> <p>The warning comes ahead of the release of ...</p><p><a href=https://www.benzinga.com/news/financing/26/05/52866843/aarp-urges-congress-social-security-older-americans-financially-squeezed?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel alt=AARP Urges Congress To Act On Social Security As More Older Americans Feel Financially Squeezed>Full story available on Benzinga.com</a></p> benznews Government Social Security Personal Finance Government Personal Finance Benzinga Fri, 29 May 2026 11:15:38 +0000 Tanya Rawat 52866843 at https://www.benzinga.com https://www.benzinga.com/markets/macro-economic-events/26/05/52865418/americans-continue-spending-as-savings-rate-falls-to-lowest-level-since-2022?utm_source=benzinga_taxonomy&utm_medium=rss_feed_free&utm_content=taxonomy_rss&utm_campaign=channel <p>Americans saved less money in April as consumer spending increased and inflation remained elevated, according to data released Thursday by the <strong>U.S. Bureau of Economic Analysis.</strong></p> <p>The personal saving rate fell to 2.6% in April, while personal consumption expenditures increased by $111.1 billion, or 0.5%. Disposable personal income declined by $19.9 billion, or 0.1%, during the month. Personal savings totaled $611.7 billion in April.</p> <h2 class="wp-block-heading">Inflation Squeeze</h2> <p>The Bureau of Economic Analysis reported that the Personal Consumption Expenditures price index, the Federal Reserve&#8217;s preferred inflation gauge,<a href="https://www.benzinga.com/markets/macro-economic-events/26/05/52835775/us-pce-inflation-report-april-2026"> rose 3.8% from a year ago in April</a>, the highest level since May 2023. Core PCE, which excludes food and energy, increased 3.3% on an annual basis.</p> <p>Higher energy, housing and food costs have remained key drivers of inflation, adding pressure to household budgets as wage growth struggles to keep pace.</p> <p>Consumer spending continued to rise despite higher prices. Spending on services increased by $67.2 billion, while spending on goods rose by $44 billion during the month.</p> <p>The latest data suggests consumers continued spending even as inflation ...</p><p><a href=https://www.benzinga.com/markets/macro-economic-events/26/05/52865418/americans-continue-spending-as-savings-rate-falls-to-lowest-level-since-2022?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel alt=Americans Continue Spending As Savings Rate Falls To Lowest Level Since 2022>Full story available on Benzinga.com</a></p> benznews Government Macro Economic Events savings Economics Markets Personal Finance Government Macro Economic Events Economics Markets Personal Finance Benzinga Fri, 29 May 2026 10:02:38 +0000 Tanya Rawat 52865418 at https://www.benzinga.com https://www.benzinga.com/news/financing/26/05/52835376/americans-reject-most-social-security-fixes-as-2032-funding-deadline-looms-poll?utm_source=benzinga_taxonomy&utm_medium=rss_feed_free&utm_content=taxonomy_rss&utm_campaign=channel <p>Americans remain sharply divided on how to prevent Social Security from running short of money as the program&#039;s projected 2032 funding deadline approaches, according to a new <strong>Ronald Reagan Institute survey</strong> reviewed by FOX Business.</p> <p>The poll <a href="https://www.foxbusiness.com/economy/americans-split-how-save-social-security-from-insolvency-2032-deadline-looms-poll-finds">found</a> broad opposition to many proposed Social Security reforms, including higher payroll taxes, benefit reductions and raising the retirement age.</p> <p>About 90% of respondents opposed cutting Social Security benefits broadly, while 80% opposed increasing payroll taxes on workers and employers. Borrowing more money to support the program also faced resistance, with 76% opposed.</p> <p>However, voters were far more supportive of reducing benefits for wealthier retirees.</p> <p>When respondents were asked to choose between raising taxes, reducing benefits for all retirees or cutting benefits for retirees with more than $1 million in net worth, 71% supported reducing benefits for wealthier retirees. Only 20% supported higher taxes and 9% backed broad benefit cuts.</p> <p>The survey also showed limited support for raising the retirement age. Just 26% favored the idea, while 74% opposed it.</p> <p>According to the latest Social Security Trustees Report, the program&#039;s main trust fund is ...</p><p><a href=https://www.benzinga.com/news/financing/26/05/52835376/americans-reject-most-social-security-fixes-as-2032-funding-deadline-looms-poll?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel alt=Americans Reject Most Social Security Fixes As 2032 Funding Deadline Looms: Poll>Full story available on Benzinga.com</a></p> benznews Government Macro Economic Events Social Security Politics Personal Finance General Government Macro Economic Events Politics Personal Finance General Benzinga Thu, 28 May 2026 12:31:35 +0000 Tanya Rawat 52835376 at https://www.benzinga.com https://www.benzinga.com/news/health-care/26/05/52834041/millions-still-uncovered-as-us-uninsured-rate-refuses-to-budge-amid-pricey-medical-bills?utm_source=benzinga_taxonomy&utm_medium=rss_feed_free&utm_content=taxonomy_rss&utm_campaign=channel <p>The U.S. uninsured rate held steady at 8.3% in 2025, with about 28 million Americans lacking health coverage, according to data published Thursday by the Centers for Disease Control and Prevention (CDC). The rate was largely unchanged from 8.2% in 2024.</p> <p>The CDC&#039;s National Health Interview Survey showed 23.5 million adults ages 18 to 64 were uninsured in 2025, along with 4 million children. Adults between 18 and 64 remained the age group most likely to lack coverage.</p> <p>Private health insurance coverage continued rising. Among adults ages 18 to 64, private coverage increased to 69.4% in 2025 from 66.6% in 2021, while public coverage declined to 21.0% from a 2023 peak of 23.0%.</p> <p>The report also showed exchange-based Affordable Care Act coverage climbed to 6.3% in 2025 from 4.3% in 2021. Coverage was highest among households earning between 100% and 200% of the federal poverty level.</p> <div class="bz-read-next-block"<br /> data-variant="card"<br /> data-news-mode="manual" <p> ></p> <p> <strong><br /> Read Also:<br /> <a href="https://www.benzinga.com/news/financing/26/05/52832073/trump-accounts-app-hits-apple-and-google-stores-thursday-says-scott-bessent-most-important-benefit-since" target="_blank" rel="noopener"><br /> Trump Accounts App Hits Apple And Google Stores Thursday, Says Scott Bessent: &#039;Most ...</a></strong></p></div><p><a href=https://www.benzinga.com/news/health-care/26/05/52834041/millions-still-uncovered-as-us-uninsured-rate-refuses-to-budge-amid-pricey-medical-bills?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel alt=Millions Still Uncovered As US Uninsured Rate Refuses To Budge Amid Pricey Medical Bills>Full story available on Benzinga.com</a></p> benznews CDC Government News Regulations Health Care Politics Personal Finance Insurance General News Government Regulations Health Care Politics Personal Finance Insurance General Benzinga Thu, 28 May 2026 11:51:56 +0000 Tanya Rawat 52834041 at https://www.benzinga.com https://www.benzinga.com/news/financing/26/05/52832073/trump-accounts-app-hits-apple-and-google-stores-thursday-says-scott-bessent-most-important-benefit?utm_source=benzinga_taxonomy&utm_medium=rss_feed_free&utm_content=taxonomy_rss&utm_campaign=channel <p>Treasury Secretary <strong>Scott Bessent</strong> said during Wednesday&#039;s Cabinet meeting that the Trump Accounts app will be available "on all major platforms tomorrow morning."</p> <p>Bessent called Trump Accounts "the most important government benefit for young people since the GI Bill" and said nearly 6 million children have already signed up for the program. Bessent compared the program to the GI Bill, the long-running U.S. benefits program that helps veterans pay for college, housing and job training.</p> <p>The<strong><a href="https://www.benzinga.com/crypto/cryptocurrency/26/04/51666348/robinhood-and-bny-win-trump-accounts-contract"> app was developed</a></strong> by <strong>Robinhood Markets</strong>&nbsp;<a href="https://www.benzinga.com/quote/HOOD" target="_blank" rel="noreferrer noopener">(NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/HOOD">HOOD</a></a>)&nbsp;and&nbsp;<strong>BNY</strong>&nbsp;<a href="https://www.benzinga.com/quote/BK" target="_blank" rel="noreferrer noopener">(NYSE:<a class="ticker" href="https://www.benzinga.com/quote/BK">BK</a></a>), which were selected by the Treasury Department to manage the accounts during the program&#039;s initial phase.</p> <p><figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"><br /> <div class="wp-block-embed__wrapper"> <iframe loading="lazy" title="LIVE: Trump meets with Cabinet as talks to end Iran war remain in flux" width="500" height="281" src="https://www.youtube.com/embed/Se_WR80E2yY?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe> </div> <p></p></figure></p> <p>Trump Accounts are tax-deferred investment accounts for children created under President Donald Trump&#039;s One Big Beautiful Bill Act. The program gives eligible children a $1,000 government-funded ...</p><p><a href=https://www.benzinga.com/news/financing/26/05/52832073/trump-accounts-app-hits-apple-and-google-stores-thursday-says-scott-bessent-most-important-benefit?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel alt=Trump Accounts App Hits Apple And Google Stores Thursday, Says Scott Bessent: &#039;Most Important Benefit Since...&#039;>Full story available on Benzinga.com</a></p> benznews BK DELL Equities Government HOOD JPM SOFI Trump Accounts TSLA Politics Markets Personal Finance DELL US24702R1014 BK US0640581007 JPM US46625H1005 TSLA US88160R1014 SOFI HOOD Equities Government Politics Markets Personal Finance Benzinga Thu, 28 May 2026 10:18:55 +0000 Tanya Rawat 52832073 at https://www.benzinga.com https://www.benzinga.com/markets/economic-data/26/05/52830591/americans-are-draining-savings-just-to-eat-new-fed-research-shows-and-more-households-fear-?utm_source=benzinga_taxonomy&utm_medium=rss_feed_free&utm_content=taxonomy_rss&utm_campaign=channel <p>Food insecurity and financial strain are rising across large parts of the U.S. economy even as broader economic conditions remain relatively stable, according to new research published Wednesday by the Federal Reserve Bank of New York.</p> <p>The report found that lower-income households, lower-educated households and families with children are experiencing increasing levels of food insecurity and economic stress.</p> <p>The New York Fed described the trend as part of a "K-shaped economy," where higher-income households continue benefiting from rising stock prices, home equity gains and wealth accumulation while many lower-income Americans struggle with affordability pressures.</p> <p>The survey showed more households reporting trouble affording food, relying on SNAP benefits, receiving food donations and dipping into savings to cover daily expenses.</p> <h2 class="wp-block-heading">Consumer Pessimism</h2> <p>The report also found that households facing food insecurity have become increasingly pessimistic about their financial future and job prospects.</p> <p>Among households reporting skipped meals or food shortages, the net share expecting to be financially better off a year from now fell from -10.2 in 2020 to -32.5 in February 2026.</p> <p>The average probability of finding a new job after losing employment also declined ...</p><p><a href=https://www.benzinga.com/markets/economic-data/26/05/52830591/americans-are-draining-savings-just-to-eat-new-fed-research-shows-and-more-households-fear-?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel alt=Americans Are Draining Savings Just To Eat, New Fed Research Shows— And More Households Fear What&#039;s Next>Full story available on Benzinga.com</a></p> benznews food Government Macro Economic Events Regulations Economics Federal Reserve Personal Finance Real Estate Government Regulations Macro Economic Events Economics Federal Reserve Personal Finance Real Estate Benzinga Thu, 28 May 2026 08:10:23 +0000 Tanya Rawat 52830591 at https://www.benzinga.com https://www.benzinga.com/crypto/cryptocurrency/26/05/52830405/brian-armstrong-paycheck-direct-to-coinbase-auto-crypto-investing?utm_source=benzinga_taxonomy&utm_medium=rss_feed_free&utm_content=taxonomy_rss&utm_campaign=channel <p><strong>Brian Armstrong</strong>, CEO of&nbsp;<strong>Coinbase Global</strong>&nbsp;<a class="ticker-link" data-ticker="COIN" data-exchange="NASDAQ" href="https://www.benzinga.com/quote/COIN" target="_blank" rel="noopener">(NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/COIN">COIN</a>)</a>, announced on Wednesday that the new &#8220;Direct Deposit&#8221; feature is now live, enabling users to split their paychecks directly into cash and cryptocurrency.</p> <h2 class="wp-block-heading">Payday Becomes More Exciting </h2> <p>Armstrong confirmed the development on X, sharing a request from a user who had asked for it back in January 2025.</p> <p>&#8220;You got it. Direct deposit is live on Coinbase,&#8221; Armstrong said.</p> <p>The new feature lets users send their paychecks or a portion of it directly to Coinbase. Every payday, the funds can be automatically split between cash and cryptocurrency based on a predetermined allocation percentage.</p> <p>Users would also have the option of spending the funds using <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45919626/coinbase-ceo-brian-armstrong-teases-crypto-credit-card-powered-by-american-express-bitcoin-cashbacks-offered-but-heres-the-catch">Coinbase&#8217;s cryptocurrency card</a> and earn 4% back on every purchase.</p> <p><figure class="wp-block-image size-full"><a href="https://x.com/brian_armstrong/status/2059678862775071066?s=20"><img loading="lazy" decoding="async" width="793" height="790" src="https://editorial-assets.benzinga.com/wp-content/uploads/2026/05/28025256/image-731.png" alt="" class="wp-image-1480616" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2026/05/28025256/image-731.png 793w,https://editorial-assets.benzinga.com/wp-content/uploads/2026/05/28025256/image-731-300x300.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2026/05/28025256/image-731-150x150.png 150w,https://editorial-assets.benzinga.com/wp-content/uploads/2026/05/28025256/image-731-768x765.png 768w" sizes="(max-width: 793px) 100vw, 793px" /></a></figure></p> <h2 class="wp-block-heading">Legal Disclaimers</h2> <p>Coinbase added that funds ...</p><p><a href=https://www.benzinga.com/crypto/cryptocurrency/26/05/52830405/brian-armstrong-paycheck-direct-to-coinbase-auto-crypto-investing?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel alt=Brian Armstrong Says You Can Now Route Your Paycheck Directly To Coinbase For Automatic Crypto Investments: Here&#039;s How It Works>Full story available on Benzinga.com</a></p> benznews Brian Armstrong COIN Cryptocurrency Cryptocurrency Exchange News Market-Moving Exclusives Personal Finance COIN US21254S1078 News Cryptocurrency Market-Moving Exclusives Personal Finance Benzinga Thu, 28 May 2026 07:34:27 +0000 Aniket Verma 52830405 at https://www.benzinga.com https://www.benzinga.com/news/financing/26/05/52775294/new-federal-snap-rules-are-about-to-change-calfresh-for-millions-of-americans-heres-what-to-know?utm_source=benzinga_taxonomy&utm_medium=rss_feed_free&utm_content=taxonomy_rss&utm_campaign=channel <p>Millions of Californians receiving food assistance through the state&#039;s CalFresh program could soon face stricter work requirements beginning June 1 as California implements new federal SNAP rules tied to the <strong>One Big Beautiful Bill Act</strong>, according to guidance published by the <strong>California Department of Social Services.</strong></p> <p>The law, signed in 2025, expanded SNAP work requirements nationwide, raised the eligible work-age threshold to 64 and removed some exemptions previously available to veterans, homeless individuals and former foster youth. California is now rolling out those federal changes beginning June 1.</p> <h2 class="wp-block-heading">Who&#039;s Affected</h2> <p>Under the updated rules, some adults between ages 18 and 64 will be required to work, volunteer, attend school, or participate in job training programs to continue receiving benefits. The changes mainly apply to recipients without disabilities and without dependent children under age 14.</p> <p>The updated policy also expands work requirements to previously exempt groups, including adults ages 55 to 64, veterans, people experiencing homelessness and some former foster youth.</p> <p>Under federal ABAWD rules, able-bodied ...</p><p><a href=https://www.benzinga.com/news/financing/26/05/52775294/new-federal-snap-rules-are-about-to-change-calfresh-for-millions-of-americans-heres-what-to-know?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel alt=New Federal SNAP Rules Are About To Change CalFresh For Millions Of Americans: Here&#039;s What To Know>Full story available on Benzinga.com</a></p> benznews Government News SNAP Politics Personal Finance News Government Politics Personal Finance Benzinga Tue, 26 May 2026 13:03:31 +0000 Tanya Rawat 52775294 at https://www.benzinga.com