Cost of food and gas both down this Thanksgiving compared to 2022
The average cost for a Thanksgiving dinner is still considered high, but the American Farm Bureau reports prices are down slightly from last year.
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Boone County Commissioners pass on senior property tax freeze
COLUMBIA, Mo. (KMIZ) The Boone County Commission is working with other counties across Missouri to draft a new version of a law that would provide a property tax freeze for retired residents. A state law allowing a property tax freeze for seniors went into effect Aug. 28. The freeze has to be put into effect by county
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Unions are the strongest in decades. Nearly a million Americans got double-digit raises as a result
By Chris Isidore, CNN New York (CNN) — Nearly 900,000 Americans sitting down to Thanksgiving dinner this week will have unions – and the double-digit pay increases they won – to thank. That’s how many unionized workers have won immediate pay hikes of 10% or more in just the last year, according to an analysis
Continue ReadingFederal Reserve minutes: Officials saw inflation slowing but will monitor data to ensure progress
By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — Federal Reserve officials concluded earlier this month that inflation was steadily falling and agreed to closely monitor incoming data to ensure that the pace of price increases would continue slowing toward their 2% target, according to the minutes of their meeting. As a result, the policymakers
Continue ReadingNew Jersey banning sale of new gasoline-powered vehicles by 2035
By WAYNE PARRY Associated Press TRENTON, N.J. (AP) — New Jersey is prohibiting the sale of new gasoline-powered vehicles by 2035 as part of an effort to improve air quality and reduce planet-warming pollutants. The state will start limiting the amount of new gasoline-powered cars that can be sold in New Jersey starting in 2027,
Continue Reading Holiday shopping: Month-long sale season may dilute the impact of Black Friday
By Parija Kavilanz, CNN New York (CNN) — Black Friday, for plenty of people, will mark a day of relaxation after family and friends gather around a traditional turkey dinner the night before. For serious deal hunters, however, there will be no rest. The day after Thanksgiving historically has marked the start of the holiday
Continue ReadingIRS delays reporting rules for users of Venmo, Cash App and other payment apps
By FATIMA HUSSEIN Associated Press WASHINGTON (AP) — Users of Venmo, Cash App and other payment apps will get a bit of a tax reprieve this year. The IRS announced on Tuesday that it will delay implementing its $600 tax reporting requirement that was to take effect for the 2023 tax filing season. Instead, now
Continue ReadingIRS postpones rule change on digital payment reporting for small businesses and side hustles
By Jeanne Sahadi, CNN New York (CNN) — For the second year in a row, the IRS has decided to postpone implementation of a rule change that would affect tax filers who receive business income for their goods and services via payment apps and online marketplaces like Venmo, CashApp, Etsy and Airbnb, among others. The
Continue Reading October is prime apple season. Why did prices plunge?
By Danielle Wiener-Bronner, CNN New York (CNN) — As you make your way down the grocery aisle, maybe picking up supplies for apple pie, you might notice something interesting. The price of flour, sugar and butter? Up. But the price of apples? Way down. From September to October, adjusting for seasonal swings, flour prices rose
Continue ReadingWhy Small Business Saturday is a hit with holiday shoppers
By Eva Rothenberg, CNN New York (CNN) — While retail giants like Amazon and Walmart hope for big profits from Black Friday, the less-heralded Small Business Saturday is looking to continue its winning streak for the nearly 32 million small businesses riding a wave of enthusiastic consumer spending and robust government investment. According to a
Continue ReadingHome sales slumped to slowest pace in more than 13 years in October as prices, borrowing costs, soar
By ALEX VEIGA AP Business Writer LOS ANGELES (AP) — Sales of previously occupied U.S. homes slumped in October to their slowest pace in more than 13 years, as surging mortgage rates and rising prices kept many prospective homebuyers on the sidelines. Existing home sales fell 4.1% last month from September to a seasonally adjusted
Continue Reading Lowe’s, Best Buy and Kohl’s predict a weak holiday
By Nathaniel Meyersohn, CNN New York (CNN) — Shoppers will be splurging less this holiday than in past years, major retailers say. Best Buy, Lowe’s and Kohl’s all reported sales declines during their most recent quarter Tuesday and are forecasting holiday sales to drop from a year ago. “Consumer demand has been even more uneven
Continue Reading Mastercard will soon be widely accepted in China
By Michelle Toh, CNN Hong Kong (CNN) — Mastercard has won long-awaited approval to expand its offerings in China’s huge payments market, days after the country’s leader personally sought to improve business ties between Beijing and Washington. The US credit card giant announced Monday that it had received clearance from China’s central bank and the
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How to give money safely on GoFundMe and other crowdsourcing websites
COLUMBIA, Mo. (KMIZ) As the war continues in the Middle East, some people may be looking at ways to financially help those who have been affected. GoFundMe spokesperson Leigh Lehman said she has seen an outpouring of support for emergency relief to the Middle East recently. There are also many active GoFundMes in Columbia this
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Better Business Bureau warns to donate wisely amid Middle East conflict
People are looking to do what they can to help after more than 4,200 people have been killed in the Israel-Hamas war.
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Mid-Missourians could see changes on their utility bills as weather gets colder
It’s already beginning to feel more like fall outside, which will soon turn into winter, which will cause a hike in most people’s utility bills.
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Student loan repayments return and so do scammers
Student loan repayments have begun this month for the first time in three years, and officials are warning borrowers to beware of scams.
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QUESTION OF THE DAY: Have you ever fallen victim to a scam?
COLUMBIA, Mo. (KMIZ) Scammers are always trying to find new ways to scam people out of their money, especially now in the days of the internet and smartphones. Scammers have recently tried to impersonate the United States Postal Service through text messaging, creating fake streaming sites to bait people who want to watch football, creating
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Experts say to be wary of lottery scams as Mega Millions jackpot increases
COLUMBIA, Mo (KMIZ) Lottery fever has been heating up drawing people to buy lottery tickets. The Powerball last week was more than $1 billion and Tuesday’s Mega Millions drawing currently sits at $820 million. When Mega Millions and Powerball jackpots grow, scammers will lure people on social media. “Let’s say (there is a paid advertisement
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Thefts in Columbia this year on pace to match 2022 total, CPD says
COLUMBIA, Mo. (KMIZ) Within the past month, the Columbia Police Department has shown several thefts on its social media pages, asking for the public’s help in identifying the people responsible. CPD detective Brandon Baden said a number of the social media posts refer to people stealing from cars. “If you leave like your wallet in
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