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money14 days ago

Costco to use $184M tariff refund to cut prices on everyday goods

Costco has received $184 million in refunds from the federal government for tariffs struck down by the Supreme Court. The retailer plans to use these funds to lower prices on everyday and non-food items. This follows a strong fourth quarter where Costco reported nearly $96 billion in revenue, an 11% increase year-over-year, and a 15% rise in net income. The refunds are part of a broader wave of reimbursements expected after a federal judge ruled that importers are entitled to money back for unconstitutional taxes imposed under the International Emergency Economic Powers Act.

via MyNorthwest.com|
#consumer-prices#costco#money
money15 days ago

Costco Channels $184M Tariff Windfall Into Price Cuts Amid Broader Refund Wave

Costco has received $184 million in refunds from the federal government for tariffs struck down by the Supreme Court. The retailer plans to use these funds to lower prices on everyday and non-food items. This follows a strong fourth quarter where Costco reported nearly $96 billion in revenue, an 11% increase year-over-year, and a 15% rise in net income. The refunds are part of a broader wave of reimbursements expected after a federal judge ruled that importers are entitled to money back for unconstitutional taxes imposed under the International Emergency Economic Powers Act.

via MyNorthwest.com|
#consumer-prices#costco#federal-policy
money21 days ago

FTC Expands Amazon Prime Refunds to $200, Auto-Paying Millions

The FTC has expanded and accelerated refunds tied to last year’s $2.5 billion settlement with Amazon, widening eligibility to millions who used 11–20 Prime benefits in a year and increasing the maximum payout from $51 to $200. Automatic payments start Oct. 1 via Venmo, PayPal, or mailed checks; if total payouts don’t reach a threshold by February 2027, a second round could add up to $149 more, for a $200 cap. Amazon administers refunds; the FTC isn’t contacting consumers about payments, and vigilance against scams is advised. About 35 million consumers were affected by the original case.

via MyNorthwest.com|
#amazon#dark-patterns#ftc
Powerball climbs to $232 million ahead of tonight's drawing
money27 days ago

Powerball climbs to $232 million ahead of tonight's drawing

Powerball's top prize has risen to an estimated $232 million for tonight's drawing after no ticket matched all six numbers in the previous drawing; the cash option is $98.6 million. The Sept. 12 drawing produced numbers 14-16-23-58-69 with Powerball 3 and a 2x Power Play, and the next drawing is Monday, Sept. 14, at about 10:59 p.m. ET. Tickets cost $2 per play, with players choosing five white balls (1–69) and one red Powerball (1–26); Power Play boosts non-jackpot prizes.

via USA Today|
#jackpot#lottery#money
Record US 401(k) millionaires rise on stock rally and steady saving
money1 month ago

Record US 401(k) millionaires rise on stock rally and steady saving

Fidelity data shows a record 769,000 Fidelity 401(k) accounts hold at least $1 million in Q2, up 19% from Q1, driven by a 15% S&P 500 gain and consistent employee contributions; the average balance across workplace plans is about $155,800, and roughly 3% of accounts are millionaires, highlighting that a seven-figure balance remains out of reach for most workers despite the surge.

via The Independent|
#millionaires#money#retirement
SCOTUS ruling could fatten GOP ad budgets for 2026 midterms
politics1 month ago

SCOTUS ruling could fatten GOP ad budgets for 2026 midterms

Vox argues that with a 6-3 Republican-leaning Supreme Court, the justices are likely to rule in National Republican Congressional Committee v. Brown to allow party committees to buy broadcast ads at the discounted lowest-unit charge rate, a perk currently limited to candidates. If the Court sides with the GOP, party fundraising power and its ability to coordinate spending with campaigns would be amplified, making GOP ads more economical and potentially boosting their midterm prospects in 2026, building on a related NRSC v. FEC win that eased coordination rules.

via vox.com|
#campaign-finance#midterm-elections-2026#money
Orlando Tops WalletHub's Retirement Index for Comfort and Cost
money1 month ago

Orlando Tops WalletHub's Retirement Index for Comfort and Cost

WalletHub’s 2026 ranking of the best places to retire names Orlando as the top city for retirement with comfort and cost in mind, followed by Charleston, Fort Lauderdale, Minneapolis, Atlanta, Casper, Scottsdale, Tampa, Miami and Pittsburgh; the list evaluates cost of living, taxes, activities and health care quality to identify ideal retirement destinations.

via USA Today|
#cost-of-living#money#personal-finance
The Quiet Quant Behind Wall Street’s Tax-Saving Surge
money1 month ago

The Quiet Quant Behind Wall Street’s Tax-Saving Surge

Wealth managers use leveraged long-short, tax-aware strategies inside separately managed accounts (SMAs) to harvest losses and offset gains, deferring taxes in a rising market. Quantinno Capital Management, led by Hoon Kim after AQR, has exploded from about $2B to roughly $70B in three years, challenging AQR as Fidelity and Schwab tighten custody. The model’s growth hinges on advisor adoption, but it carries leverage costs and bear-market risk, plus concerns about over-selling to clients.

via Forbes|
#aqr#long-short#money
SSA September 2026 payments follow a steady Wednesday calendar
money1 month ago

SSA September 2026 payments follow a steady Wednesday calendar

September 2026 Social Security retirement benefits follow the SSA schedule: payments go out on Wednesdays—Sept. 9 for birthdays 1–10, Sept. 16 for 11–20, Sept. 23 for 21–31 (Sept. 3 for those who started benefits before May 1997). Supplemental Security Income (SSI) payments typically occur on the first business day of the month (Sept. 1, 2026), with additional 2026 SSI dates (Oct 1, Oct 30, Dec 1, Dec 31). Note the September check covers August benefits, while September benefits arrive in October. The SSA also provides an online calendar for budgeting the full 2026/2027 schedule.

via USA Today|
#government-and-policy#money#retirement-and-pension
Burger King rolls out upgraded nuggets with new sauce lineup
business1 month ago

Burger King rolls out upgraded nuggets with new sauce lineup

Burger King will roll out improved chicken nuggets on Sept. 1, made with 100% white meat, crisper breading and an enhanced marinade, and served in a box for a better experience. A new Special Savory Sauce joins refreshed Honey Mustard, Buffalo and Sweet & Sour sauces, following thousands of customer texts and tests—including kid testers—to boost quality and flavor.

via USA Today|
#burger-king-worldwide#business#company-news
August 26 Social Security payments: who’s in line this week
money1 month ago

August 26 Social Security payments: who’s in line this week

The August 26 Social Security payments go out this week; beneficiaries born between the 21st and month-end receive on Aug. 26, with the standard Wednesday schedule depending on birthdate. SSI recipients typically get payments on the first business day of the month (August’s SSI was issued July 31 since the 1st fell on a Saturday); remaining 2026 SSI dates are Sept. 1, Oct. 1, Oct. 30, Dec. 1, and Dec. 31. The piece also notes an expected Social Security funding shortfall by 2032 and policy ideas, including capping annual benefits at $100,000, to shore up the trust fund.

via USA Today|
#government-policy#money#retirement-pension