Articles
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2 days ago |
cbsnews.com | Megan Cerullo |Alain Sherter
A growing number of consumers are taking out "buy now, pay later," or BNPL, loans to cover everyday living expenses, data shows, a sign of the precarious financial state facing many U.S. households. A quarter of Americans now use BNPL loans to pay for groceries, up 14% from last year, according to a recent survey from LendingTree. The personal finance firm also found that more people are using such financing to pay for clothing, technology and housewares.
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2 days ago |
cbsnews.com | Megan Cerullo |Alain Sherter
Dollar Tree, a chain of discount stores, warned Wednesday that President Trump's import tariffs could lower its second-quarter earnings by as much as 50% compared to the year-ago period. The Chesapeake, Virginia-based retailer sources most of its inventory, which ranges from disposable tableware, party supplies and toys to puzzles and clothing, from China, making it vulnerable to higher U.S. tariffs on the Asian economic giant.
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2 days ago |
cbsnews.com | Aimee Picchi |Alain Sherter
A Republican-backed budget package includes a new restriction for the federal Child Tax Credit that could strip the benefit from millions of children who are U.S. citizens or legal residents, according to policy experts. The proposed tax and spending legislation — which proponents have dubbed the "one big, beautiful bill" — includes a requirement that both a tax filer and the person's spouse have Social Security numbers to claim the Child Tax Credit, or CTC, for their kids.
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3 days ago |
cbsnews.com | Megan Cerullo |Alain Sherter
Alaska Airlines is making its first foray into the European travel market, announcing Tuesday it will launch new flights to and from Rome, Italy, beginning in May 2026. The introduction of the new route marks the first time travelers will be able to fly nonstop from the airline's hub in Seattle, Washington, to Italy on any airline, according to Alaska Air. Customers will fly on Boeing 787-9 aircraft the carrier obtained when it merged with Hawaiian Airlines in 2023.
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4 days ago |
cbsnews.com | Alain Sherter
Six Nobel laureate economists said a massive budget bill passed by House lawmakers last month and backed by President Trump would weaken key safety-net programs while greatly lifting the federal debt. The tax and spending package, which Republicans have dubbed the "one big beautiful bill," would hurt millions of Americans by slashing Medicaid and food stamps, the economists wrote in a June 2 letter on behalf of the Economic Policy Institute, a left-leaning think tank.
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