President-elect Donald Trump plans to create an External Revenue Service to collect tariffs, duties and revenues from foreign sources, he said via social media on Tuesday. “I am today announcing that I will create the…

Inflation rose in December to its highest level since July with much of the increase driven by increasing energy and food prices. The Labor Department released the consumer price index (CPI) – a broad measure of how much everyday goods like gasoline, groceries and rent cost – for December, which showed…

Key takeaways Paying off student loans early can benefit you financially, but it should typically come second to building your emergency fund and retirement savings. People with private student loans or without other debt tend to benefit more from paying off student loans early. If you have federal student loans…

Annual inflation increased to 2.9% in December, rising modestly above the 2.7% annual inflation rate of the previous month, according to the Consumer Price Index (CPI) released by the Bureau of Labor Statistics (BLS).  Inflation increased 0.4% monthly in December, slightly exceeding expectations. Core CPI, which excludes food and energy,…

Key takeaways Fiduciary duty obligates a professional to act in the client’s best interests. This can apply to financial advisors, attorneys, real estate agents and other professionals. Fiduciary duty is legally binding and forbids the fiduciary from acting in the best interests of themself or their employer. While it may…