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Just one month remains in the 2025 tax filing season before the April 15 deadline. As of March 7, the Internal Revenue Service (IRS) has received fewer returns than in the same period in 2024, but the average refund is 5.7% higher, according to IRS data. Despite larger checks going out, tax season can be especially stressful. One survey from Intuit Credit Karma and Qualtrics found that nearly a third of workers want to cry just thinking about filing their taxes. To mitigate some of these worries (and tears), Yahoo Finance asked professional advisers about their top tips and reminders…

(Bloomberg) — Treasury Secretary Scott Bessent, a former hedge fund manager, said he’s not worried about the recent downturn that’s wiped trillions of dollars from the equities market as the US seeks to reshape its economic policies. Most Read from Bloomberg “I’ve been in the investment business for 35 years, and I can tell you that corrections are healthy, they are normal,” Bessent said Sunday on NBC’s Meet The Press. “I‘m not worried about the markets. Over the long term, if we put good tax policy in place, deregulation and energy security, the markets will do great.” The selloff that…

WASHINGTON — Sen. Chris Murphy, D-Conn., delivered a forceful rebuke of his party’s response to Republicans’ funding bill, telling NBC News’ “Meet the Press” that while he still has confidence in Minority Leader Chuck Schumer, D-N.Y., the Democratic caucus must move with “urgency” and change tactics.“What’s important is that we meet this moment. And what I’m telling you is that if we continue to observe norms, if we continue to engage in business as usual, this democracy could be gone,” Murphy told moderator Kristen Welker. “I don’t think we have a year to save American democracy.”Democrats are coming off of…

(Reuters) – Once the United States has imposed tariffs on its major trading partners it could engage in bilateral talks with countries on new trade arrangements, Secretary of State Marco Rubio said on Sunday. U.S. President Donald Trump threatened on Thursday to slap a 200% tariff on wine, cognac and other alcohol imports from Europe, opening a new front in a global trade war that has roiled financial markets and raised recession fears. Rubio said the United States would retaliate against nations that had imposed tariffs on it. “This is global. It’s not against Canada, it’s not against Mexico, it’s…

Voters are starting 2025 sour on the state of the economy and President Donald Trump’s handling of it so far, even as his election to a second term sparked an upswing in positive feelings about the direction of the nation, according to a new national NBC News poll.Buoyed by jubilant and unified Republicans, who are standing in lockstep with Trump and the expansive agenda he and congressional leaders are pushing in Washington, more registered voters see the U.S. as heading in the right direction than at any point since early 2004, though a majority still say the country is on…

Getty Images The Nasdaq’s recent decline has raised fears of a sharp unwind in tech stocks following years of AI hype. It’s drummed up comparisons to the dot-com bubble, which dragged the Nasdaq down 78% when it popped in 2000. Market pros tell BI there are important lessons from 2000 that investors should think about in 2025. It’s been 25 years since the dot-com crash, and investors are again navigating concerns of a tech bubble reaching unsustainable levels. The Nasdaq Composite peaked on March 10, 2000 and the subsequent unwind would last nearly three years, taking the tech-heavy index down…

Washington CNN  —  The Trump administration’s dizzying back-and-forth on tariffs is paralyzing America’s small businesses as they grow worried about the US economy’s future. The National Federation of Independent Business’ Uncertainty Index climbed in February to its second-highest reading on record, going back to 1973, according to the group’s latest survey released Tuesday. In February, the share of respondents who believe it is a good time to expand saw its biggest monthly decline since April 2020. “Uncertainty is high and rising on Main Street, and for many reasons,” Bill Dunkelberg, the NFIB’s chief economist, said in a release. “Confidence that…

Bitcoin (CRYPTO: BTC) and XRP (CRYPTO: XRP) might be a bit safer than some crypto assets, but it isn’t as though they’re rock solid when things are falling apart. As the Nasdaq Composite and S&P 500 enter correction territory, investors are starting to worry more about a potential market crash. And some are pondering which of these two assets would hold up better in a crash and which would be worth buying in the aftermath? To start, let’s take a look at how Bitcoin and XRP performed during the early 2020 coronavirus market crash. Here’s the chart: Bitcoin Price data…

Indian batter Virat Kohli said he may not have another tour of Australia left in him after his team’s humbling 3-1 test series defeat Down Under but the 36-year-old has ruled out retiring anytime soon as he still enjoys playing the game too much. Kohli arrested a long run of poor form with an unbeaten ton in the series opening test in Perth in November, but frequently chased balls moving away from his stumps and managed a total of 190 runs at an average of 23.75. Speaking at the RCB Innovation Lab Indian Sports Summit on Saturday, Kohli said the…

CNN  —  The Consumer Financial Protection Bureau, the banking watchdog created after the subprime mortgage meltdown and the 2008 global financial crisis, has been thrown into chaos as the Trump administration works to drastically limit its operations. Last month, workers at the CFPB were told to stop working, effectively shutting down the agency, though that order has since been challenged by a federal judge. Although the CFPB, which is tasked with ensuring banks, lenders and other financial companies play fair with consumers, is severely weakened, Americans shouldn’t be too worried about a repeat of the subprime mortgage crisis that led…