Berkshire Hathaway has the largest amount of domestic infrastructure assets of any American company and paid $3.3 billion in federal taxes in 2021—or nearly 1% of all corporate tax receipts—CEO Warren...
Tag: government policy
Covid-19 Vaccine Makers Face a New Rival as GlaxoSmithKline and Sanofi Prepare to Enter the Ring
As new Covid-19 cases fall, the postpandemic vaccine market grows more interesting. On Wednesday, GlaxoSmithKline and Sanofi, two of the world’s largest vaccine makers, said they would submit a Covid ...
IRS to activate second ‘surge’ team to handle millions of backlogged tax returns
Two weeks ago, the Internal Revenue Service said it was reassigning 1,200 staffers as a “surge team” of reinforcements tasked with cutting into a backlog that included millions of unprocessed returns ...
CNN Parent Found Allison Gollust’s Remarks on Jeff Zucker Relationship Were Misleading
Allison Gollust resigned as CNN’s communications and marketing chief after the network’s parent determined she misled investigators about her relationship with former President Jeff Zucker and violate...
Regulators won’t let Boeing certify new 787 jets for flight
Federal safety regulators say they will retain power to approve Boeing 787 airliners for flight rather than return that authority to the aircraft maker, which hasn’t been able to deliver any new Dream...
Retirees, pay attention – inflation is on the rise
Americans are spending more money because of high inflation — this can be a big problem for older individuals living on a fixed budget. Inflation is at a 40-year-high, at around 7.5% in January, acco...
‘We live 5 minutes from our in-laws who have a larger home’: Is it a good idea to swap houses? Will I end up with a surprise tax bill?
I am a California resident. My husband and I own a 1,800-square-foot home that we bought in 2019 for $1.5 million. We have between 40% and 50% equity in the property due to a large down payment. We li...
Tesla Finally Gets a Mention as Biden Talks Up Electric Vehicles
Text size President Joe Biden spoke in Washington, D.C., on Tuesday. Brendan Smialowski/AFP/Getty Images President Joe Biden just publicly said the T-word— Tesla —seeming to extend an olive branch to ...
California, Florida, and Inflation Are Sinking Solar
Text size Ethan Miller/Getty Images The solar power industry is destined to grow many times over in the coming decades, and several companies will undoubtedly become behemoths. But the current picture...
The IRS will stop sending out one type of taxpayer notice to try to cut down on aggravation this tax season
Trying to minimize aggravation during a tax-filing season that could have plenty of challenges, the Internal Revenue Service said it is pausing one of its notices that could ferment taxpayer frustrati...
Fed rate hikes are coming — how to tackle your savings, mortgage, car payments and credit-card debt in advance
Wall Street investors and Washington D.C. lawmakers are closely listening to what Federal Reserve Chairman Jerome Powell says Wednesday about the central bank’s next steps in its fight against decades...
Opinion: ‘Easter Bunny cartoon cash’ — how Bill Maher called the Bitcoin crash
Young people were already feeling depressed about their future retirement prospects, according to polls. Still more following the collapse of all their cryptocurrency bets, one suspects. More than $1 ...
‘Good luck! We’ll all need it’: U.S. market approaches end of ‘superbubble,’ says Jeremy Grantham
The U.S. is approaching the end of a “superbubble” spanning across stocks, bonds, real estate and commodities following massive stimulus during the COVID pandemic, potentially leading to the largest m...
‘Not all the money belongs to you’: Self-employed? Avoid these mistakes when filing your 2021 taxes
More Americans are becoming their own boss as the “Great Resignation” continues. Now they’ll have to resign themselves to the fact that their tax situation is likely going to become more complicated. ...
Navient to cancel $1.7 billion in private student loans as part of settlement with 39 attorneys general
Roughly 66,000 borrowers will see their private student loans canceled — totaling more than $1.7 billion in relief — thanks to a deal between 39 state attorneys general and student-loan giant Navient ...
Opinion: Citadel’s $1.15 billion cash infusion isn’t a bailout but the final test of Ken Griffin’s ‘Death Star’
When you add more than a billion dollars’ worth of liquidity to a market maker that already executed more than one of every four trades in the U.S. markets on a daily basis, while simultaneously givin...
These 14 bank stocks are in the best position to benefit from rising interest rates
What would you say if you were told about a company whose stock was trading much lower to expected earnings per share than the S&P 500 Index? At the same time, it’s also expected to increase EPS n...
Opinion: A 27-year-old truck driver just became Robinhood’s first big headache of 2022
Less than a week into the new year, a 27-year-old truck driver from Connecticut might have given Robinhood HOOD, -1.76% a whole new thing to be worried about in 2022. On January 6, an arbitrator for t...
Opinion: Biden borrows too much, while America’s economy hollows out
It’s easy to be distracted by Russia’s provocations in Ukraine and the Federal Reserve’s new war on inflation but as the economy recovers from the delta and omicron variants, difficult post-pandemic c...