Gov. Newsom says state’s budget deficit has grown to nearly $32 billion

Newsom said the state’s challenges are partly due to high inflation and a decision to let most people delay filing their taxes because of a series of winter storms.

Budget deficit at $32B, Newsom says
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California Governor Gavin Newsom said the state?s challenges are partly due to high inflation and a decision to let most people delay filing their taxes because of a series of winter storms.

Mortgage rates dip on positive inflation data: Freddie Mac

The average rate for a 30-year fixed-rate mortgage dropped to 6.35% for the week ending May 11, according to Freddie Mac's Primary Mortgage Market Survey.

Gas prices decrease amid market uncertainty: AAA

Average gas prices dipped to $3.53 per gallon for the week ending May 11, 2023, AAA reported. The low cost of oil has kept gas prices on the decline despite a rise in gas demand, AAA said.

$3.2M Powerball ticket sold in Southern California

A lucky California Lottery player who purchased a ticket in San Diego County is 3 million dollars richer after matching five numbers in the latest Powerball drawing.

Inflation and interest rate hikes are negatively impacting Americans' financial well-being: survey

Inflation and interest rate hikes have negatively impacted Americans' financial well-being and many have made no progress in saving for retirement or building emergency funds, according to a survey by Morning Consult. Here’s what you need to know.

Gas prices drop amid recession fears, pre-summer lull: AAA

Gas prices decreased last week, but rising interest rates have raised concerns of a recession, according to AAA.

Number of new American business applications hits an all-time high

According to data from the U.S. Census Bureau, 5.4 million new business applications were filed in 2021, the highest of any year on record. 

TurboTax customers to receive checks in $141 million settlement

The company was ordered to pay $141 million to low-income consumers who were tricked into paying TurboTax to file their federal returns — despite being eligible for free tax services.