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The IRS interest rate for unpaid refunds and balances will soon be 7%

Bill Oxford | E+ | Getty Images If your tax refund is still in limbo, there’s good news: Your balance may be accruing interest, and the rate increases to 7% from 6% on Jan. 1, according to the IRS. As of Nov. 18, there were 3.4 million unprocessed individual returns …

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Feds grant $75 million to move 3 Native tribes away from rising seas

Schoolchildren walk beside severe erosion of the permafrost tundra next to their school at the climate change affected Yupik Eskimo village of Napakiak on the Yukon Delta in Alaska on April 18, 2019. Mark Ralston | AFP | Getty Images The Department of the Interior under the Biden administration is …

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Buy now, pay later for holiday gifts is ‘horrible’: Harvard fellow

Americans are increasingly finding alternative ways to satisfy their holiday wish lists as they continue to grapple with high prices and inflation. In many cases, that means opting for flexible payment plans. On Black Friday through Cyber Monday, buy now, pay later payments through companies such as Klarna, Zip, Zilch, Affirm …

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Long Covid patients share their struggle with disability coverage

Michael Bryand, 35, first got Covid in September 2020. “I never really got better,” he said in a sit-down interview with CNBC. “I had symptoms that stayed with me and that are still with me.” Bryand, who was working at Wells Fargo in San Antonio at the time, went on …

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China’s zero-Covid has shaken confidence in supply chains

While Chinese authorities could gradually unwind restrictions in March, zero-Covid policies are starting to hurt global confidence in the country’s industrial supply chains, said Li Daokui, Mansfield Freeman professor of economics at China’s Tsinghua University. In the short term, supply chains will be largely unaffected since factories are still operating …

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Charts suggest the S&P 500 is at a ‘make-or-break’ moment, Jim Cramer says

CNBC’s Jim Cramer on Tuesday said that the S&P 500 is at a critical moment that could send it higher or cut its upward trajectory short. “The charts, as interpreted by Carolyn Boroden, suggest that the S&P 500 could be due for some near-term turbulence if it can’t break out …

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Kroger and Albertsons executives defend proposed merger at hearing

Albertsons and Kroger supermarkets Bridget Bennett | Bloomberg | Getty Images; Brandon Bell | Getty Images The battle over whether grocery giants Kroger and Albertsons should be allowed to combine is heating up. On Tuesday, leaders of the two companies defended their proposed merger at a congressional hearing in Washington, …

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What to know before rebalancing your investment portfolio

After a volatile year for the stock and bond markets, it may be time to rebalance your portfolio by shifting assets back to match your original goals, according to experts.   As of Nov. 28, the S&P 500 Index was down roughly 17% year-to-date, and the U.S. bond market has dropped …

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Netflix plan kept ‘Glass Onion’ from making millions more at box office

Netflix probably left hundreds of millions of dollars on the table by not keeping Rian Johnson’s “Glass Onion” in theaters. The sequel to Johnson’s critically acclaimed “Knives Out” opened in nearly 700 theaters, the largest release of any Netflix original film to date, last Wednesday ahead of the Thanksgiving holiday …

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Biden rule to limit methane leaks, flaring from public lands drilling

Flames from a flaring pit near a well in the Bakken Oil Field. The primary component of natural gas is methane, which is odorless when it comes directly out of the gas well. In addition to methane, natural gas typically contains other hydrocarbons such as ethane, propane, butane, and pentanes. …

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