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Property taxes across the U.S. are rising faster than inflation, with the average homeowner last year paying $4,427, up 3.7% from 2024, according to a new analysis from real estate data firm ATTOM. By comparison, the Consumer Price Index — a basket of commonly purchased goods and services — rose 2.7% last year. Homeowners in some states have faced considerably larger property tax increases, including an 18% hike in Delaware and an 11.6% jump in Maryland.Property taxes are typically levied by local governments to raise revenue for public services, including public schools, road construction, and police and fire departments. They account for 70 cents…

This as-told-to essay is based on a conversation with Karen Meadows, a 62-year-old Floridian who moved to New York in 2024. The conversation has been edited for length and clarity. Loading audio narration… My husband and I have been married for 34 years, and we spent 17 of those years living in Panama City Beach, Florida. It’s where I raised both of my kids and where I started my running coaching business and a 10K charity race.Panama City Beach was a gorgeous place to live, with beautiful skies every day, clear blue water, and pure white sand. While it was…

America’s postal service is temporarily halting payments to its employees’ pensions to free up cash, citing fast-approaching financial troubles. Loading audio narration… The payment suspension to the Federal Employees Retirement System pension plan is set to take effect on Friday, the US Postal Service said in a document with frequently asked questions and answers. The FAQ attributed the pause in pension payments to “a pending liquidity crisis in which the postal service could run out of cash as early as February 2027.”USPS chief financial officer Luke Grossmann said that the suspension would not cause “any immediate detrimental impact” to current…

The U.S. Department of Justice has opened an investigation into the NFL over potential anticompetitive tactics, a government official told CNBC. The investigation stems from questions about “affordability for consumers and creating an even playing field for providers,” the official said. The government’s investigation comes as the NFL is looking to renegotiate media rights deals with its broadcast networks earlier than previously planned, CNBC previously reported. The league is also reportedly considering a bigger package of games with streaming giant Netflix. In a statement to CNBC, the league called its media distribution model “the most fan and broadcaster-friendly in the…

For most of my career, I relied on pushing through. I built a reputation for delivering under pressure, often pulling things together at the last minute and performing at a high level. That pace came with a cost: long work hours, inconsistent sleep, and a constant sense that I had to stay ahead of everything. Loading audio narration… For a while, it worked. Then, last spring, my body stopped cooperating.After receiving full payment from a new client — the kind of moment that normally would have felt like relief — I found myself on the bathroom floor, crying and unable…

The IRS has filed a $7.3 million lien against famed boxer and entrepreneur Floyd Mayweather Jr. for unpaid taxes in 2018 and 2023. Loading audio narration… The lien was filed last month in Las Vegas, where Mayweather has property. The notice shows the balance was unpaid as of March 26. An attorney for Mayweather declined to comment on it.The lien — through which the government can lay claim to Mayweather’s property until the bill is paid — is the latest in a series of debts the 49-year-old fighter has accumulated, as Business Insider has reported.It comes amid other major developments…

Key PointsAmazon Prime Video will have two hours of exclusive Masters golf tournament coverage, from 1-3 p.m. ET, on Thursday and Friday.Amazon will not have any tie-ins with its e-commerce business during the broadcast. Rather, it will adhere by the Masters’ strict broadcasting rules.Amazon is only the fourth media partner in Masters history, joining CBS, USA Network and ESPN. A version of this article first appeared in the CNBC Sport newsletter with Alex Sherman, which brings you the biggest news and exclusive interviews from the worlds of sports business and media. Sign up to receive future editions, straight to your…

This as-told-to essay is based on a conversation with Christina Sciblo, a 36-year-old content creator based in Atlantic County, New Jersey, who bought the home she previously rented with her partner and four children and immediately started renovations. The following has been edited for length and clarity. Loading audio narration… We moved to New Jersey right as the pandemic began, in March 2020. We are both originally from this area, but we were in Pittsburgh for my partner’s job and were looking to come back to New Jersey.My dad found this house — he knew my landlord because his girlfriend…

Kia plans to release a pickup truck for American consumers in the coming years, as the South Korean automaker plots continued growth domestically and globally.The company said Thursday it will add a pickup truck that includes hybrid variants by 2030 as a major expansion of its brand into the highly lucrative U.S. market. At least one hybrid variant is expected to be produced in the U.S., according to a presentation from Kia’s CEO investor day.Detroit automakers General Motors, Ford Motor and Chrysler parent Stellantis dominate U.S. full-size pickup truck sales, however Kia reportedly plans to have its pickup be a…

People gather at the Magic Kingdom theme park before the “Festival of Fantasy” parade at Walt Disney World in Orlando, Florida, U.S. July 30, 2022. Octavio Jones | ReutersDisney is planning to begin its next phase of cost cutting, which will include as many as 1,000 layoffs, according to a person familiar with the matter. The cost-cutting initiative comes shortly after Josh D’Amaro took the helm as CEO in mid-March. The layoffs are expected to mostly affect Disney’s marketing department, according to the person, who requested to speak anonymously because the moves had not yet been made public. That department…