A chatbot with uncanny human-like abilities became the poster child for generative artificial intelligence (gen AI) when it was released to the public in late 2022, inspiring new levels of attention, excitement, and concern. Corporate spending on gen AI by... Read more
The de minimis exemption was a long-standing trade policy that has allowed U.S. shoppers to buy goods worth $800 or less directly from online marketplaces based outside of the United States without having them pass through customs or incur duties.... Read more
Despite preliminary negotiations, it’s unclear how long the war with Iran might last or how it might be resolved. Any war carries tragic consequences for those who are directly involved, but wars also have broader economic effects, and it’s natural... Read more
Over the 20-year period ending in 2025, the stocks of large and mid-sized U.S. companies — represented by the Russell 1000 Index — produced an impressive average annual return of 10.94%. By contrast, the stocks of similar-sized companies in foreign... Read more
It’s easy to confuse Medicare and Medicaid, because they have similar names and are both government programs that pay for health care. But there are important differences between the programs. Medicare is generally for older people, while Medicaid is for... Read more
With the enactment of the One Big Beautiful Bill Act (OBBBA) in 2025, taxpayers may now benefit from a new annual deduction of up to $10,000 for interest paid on qualifying new auto loans, effective for tax years 2025 through... Read more
Small businesses that rely on imported goods have been significantly affected by recent shifts in U.S. trade policy. The de minimis exemption, which previously allowed duty-free entry for shipments valued under $800, was eliminated for all countries as of August... Read more
According to Harvard’s Leading Indicator of Remodeling Activity, annual U.S. spending on home improvements and repairs is projected to reach $522 billion by the end of 2026, after a modest rise of 1.6% (year over year).1 The nation’s stock of... Read more
The U.S. Dollar Index — which measures the value of the dollar against the world’s six most traded currencies — took a historic 11% dive in the first six months of 2025, delivering the worst first-half performance since the 1973... Read more
Just like Groundhog Day, our financial habits can repeat themselves, month after month and year after year. That is, until we consciously break the pattern. Now is a good time to check on your finances, since it’s still early enough... Read more
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