Personal Finance

Retailers shouldn’t expect much of a big sales bump this year from consumers’ tax refunds.

Amazon founder Jeff Bezos will help 1,000 “dreamers” go to college.

The new year brought with it higher minimum wages in 18 states and about 20 localities.

The National Retail Federation welcomed the recently passed tax measure, saying it will dramatically benefit businesses, workers and consumers.

The nation's largest private employer on Wednesday unveiled financial wellness tools for its employees created in collaboration with two Silicon Valley start-ups.

Even concerns about identity theft and fraud isn't enough to curb customers’ holiday shopping plans.

Following suit of older generations, younger shoppers want to pay for purchases with credit cards.    Specifically, Gen Z (ages 18-24) and Gen Y (ages 25-34) are comfortable using credit to make purchases, and overwhelmingly prefer credit cards to monthly payment options, according to new data from Vyze, a provider of cloud-based financial technology solutions.   

The European Union has hit Amazon with a tax bill.    The online giant was ordered to pay 250 million euros ($294 million) plus interest in back taxes to Luxembourg on Wednesday after the European Commission said the retailer had received illegal tax benefits.   "Luxembourg gave illegal tax benefits to Amazon. As a result, almost three quarters of Amazon's profits were not taxed," Margrethe Vestager, the EU's commissioner for competition, said in a statement.