Many drivers do not claim the mileage deduction on their federal income tax returns. Companies that reimburse their employees for mileage driven for business often follow the IRS mileage rate. Most ...

In early December, the Federal Reserve wrapped up the year with another quarter-point rate cut, the third of the year. This rate cut was welcome news for borrowers, as it helped drive down interest ...

The IRS increased the optional standard mileage rate used to calculate the deductible costs of operating a vehicle for business to 72.5 cents per mile driven, up 2.5 cents from 2025. The increased ...

The IRS has announced that the 2026 standard mileage rate for business use is 72.5 cents per mile, the highest rate on record. Medical and military moving rates dipped. The IRS has announced that the ...

Some Federal Reserve officials who supported cutting a key interest rate earlier this month could have instead backed keeping the rate unchanged, minutes released Tuesday show, underscoring the ...

Officials at the central bank have splintered over whether rising unemployment or elevated inflation poses the bigger economic risk. By Colby Smith Colby Smith covers the Federal Reserve. Federal ...

The 2025-26 college football bowl schedule features a Friday tripleheader, with the 2025 Rate Bowl serving as the middle matchup. It will see the Minnesota Golden Gophers (7-5) facing the New Mexico ...

The Federal Reserve cut rates by 0.75% in 2025 amid economic uncertainty. Inflation and unemployment trends are diverging, complicating future Fed decisions on rate cuts. Odds for a January 2026 rate ...

The average 30-year fixed-rate mortgage is continuing to hover in the low 6.0% range. The U.S. 30-year fixed mortgage rate averaged 6.09% during the week ending on Jan. 22, according to the latest ...

Friday's Rate Bowl was a perfect encapsulation of the Gophers' 2025 season, and it resulted in a 20-17 win against New Mexico, as their bowl game win streak has extended to nine. After exchanging a ...

When it comes to bowl games, Minnesota and head coach P.J. Fleck know how to win. The Golden Gophers (7-5) have won six consecutive bowl games under Fleck, going back to 2018. One win was in the ...

Minnesota football's nation-leading bowl win streak will extend into 2026. In what was a largely defensive game, the Golden Gophers won offensively with a walk-off, 12-yard touchdown pass from Drake ...