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JPMorgan says tax refunds no match for American gas spending

The American consumer has spent years absorbing shocks that economists expected to break spending. Covid pandemic disruptions, the fastest inflation in four decades, aggressive interest rate hikes, and the Iran war energy price surge in April 2026 all tested household finances, and spending held up each time. The conventional explanation has been pandemic savings, a […]

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Is American Express a good long-term investment? Its buy-and-hold prospects explained

Like getting a driver’s license or graduating from college, owning a credit card is considered a rite of passage into American adulthood. Credit card companies typically attract young customers by offering them “no fee” cards with few benefits. These companies assume, because of their cardholder’s limited credit history and lack of disposable income, that they

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