Shares of Kala Pharmaceuticals Inc. KALA, +219.90% quadrupled in very volatile trading Wednesday, after the biopharmaceutical company said the Food and Drug Administration accepted its investigational...
Tag: government policy
Workers and retirees are getting some year-end goodies from Washington
America’s workers and retirees are getting some nice year-end gifts from Washington. As part of a bigger bill to keep the government running, Congress has passed, and President Biden has signed, somet...
3 Bitcoin Predictions for 2023 From a Crypto Executive Who Called the Market Top
Bitcoin and other cryptocurrencies are limping out of a historically bad year, but it’s not all doom and gloom for 2023, according to one crypto executive who pretty much called the late-2021 market t...
National Storage Sees Big Insider Stock Buys
Shares of self-storage firm National Storage Affiliates Trust have tumbled in 2022, and are now trading near a two-year low. Two insiders, including a company founder, purchased large amounts of stock...
D.C. spending deal sets way for employers to help workers build cash savings
As people watch their savings sink under inflation’s pressure, one provision in the congressional year-end spending deal aims to make it easier for workers to save money for life’s unexpected expenses...
Stock Selloff Hits Life Insurers’ Fastest-Growing Product
Listen to article (2 minutes) The hottest thing in life insurance for more than a decade might be cooling off. A long-running stock-market rally and low interest rates combined to create the perfect c...
From T-Mobile to Starry Group Stock. Lessons From My Picks in 2022.
The year was humbling for many in markets. Growth stocks, the dominant trade for much of the past decade, fell out of favor. There were few winners to be found outside of the energy sector. Bond price...
IRS pauses rule requiring people to report PayPal, Venmo transactions over $600. Here’s what went wrong.
To avert taxpayer confusion in the upcoming tax season, the IRS is delaying a rule that would have required e-commerce sites and payment platforms like eBay EBAY, +0.12%, Etsy ETSY, -0.32% and PayPal ...
Your Retirement Plans Will Change With the $1.7 Trillion Federal Spending Bill
Congress is poised to approve a $1.7 trillion spending bill this week that seeks to avert a government shutdown and boost the savings of Americans by making significant changes to their retirement pla...
New tax rule for eBay and Venmo will cause ‘significant confusion,’ CPAs say
As Congress concludes 2022 with a sprint to pass laws and a spending deal, tax accountants are joining a chorus of e-commerce companies and pay platforms who say a revamped tax form is about to cause ...
Moving into a retirement community, how to know when you have enough saved, the best RMD strategies and more retirement news
From MarketWatch Retirement: How much should you have saved for retirement? Aim for these age-related benchmarks as you save for retirement. These are the top 10 mistakes people make when planning fo...
My mom spent $90K on bitcoin and gifts in a romance scam. Can the tax code help her?
My mom went into debt to buy bitcoin for a scammer because she thought she was in a romantic relationship with him. She also racked up credit-card debt to mail computers and gift cards to the scammer....
The Fed Will Lift Rates at Its Meeting Today. What to Expect After That.
The Federal Reserve’s efforts to tame runaway inflation appear to be working, but there is still a long way to go. Investors rejoiced on Tuesday, sending stocks higher after the release of a fifth-str...
Opinion: Opinion: The Fed should pause rate hikes since inflation has slowed — it won’t
The Federal Reserve should declare an immediate cease fire in its war against inflation and hold its benchmark interest rate steady instead of raising the federal funds by a half percentage point to a...
Vanguard sees a recession in 2023 — and one ‘silver lining’ for investors
The last 12 months was a year of fast-rising inflation, fast-rising interest rates and fast-rising questions about a future recession. Prices went up while stock markets and savings account balances w...
Binance and Its CEO at Risk of Criminal Charges Over AML Rules: Report
The cryptocurrency exchange Binance and executives including CEO Changpeng Zhao are at risk of U.S. criminal charges over compliance with U.S. money-laundering laws and sanctions, according to a repor...
Gas prices are now lower than at this time last year. Could they fall below $3 a gallon in the months ahead?
Gas prices on Thursday were slightly less on average than they did one year ago — with a slim one-cent margin — but experts say there could be cheaper gas in the weeks and month to come. Thursday’s na...
Legal Pressure Grows on FTX’s Sam Bankman-Fried
Legal difficulties are mounting for Sam Bankman-Fried, the founder and former CEO of FTX—and it doesn’t seem to be limited to the crypto exchange’s collapse last month. FTX filed for bankruptcy on Nov...
Dear Tax Guy: Our accountant charged us $486 for a simple gift-tax return. Why on earth would it cost so much?
We gave our daughter money towards a down payment on a home and learned we had to file a gift tax return. Our accountant charged us $486 for this. Why can’t you just add a form to your regular tax ret...
Cryptocurrency investor losses are being turned into IRS gains — here’s how they’re doing it
The Internal Revenue Service has been turning up its scrutiny on cryptocurrency investors in recent years, and as that happens, more investors have been turning to the tax code’s rules on investment l...
Tax deadlines for retirees: do this before the year ends
It’s the most wonderful time of the year for holiday cheer – and last-minute tax tips. Retirement Tip of the Week: As we approach the new year, look for tax-advantageous strategies to cut your tax bi...
Here’s why the smart money is betting on value stocks to outperform growth
You should be skeptical of the growth story that periodically captures stock investors’ attention. That’s because the companies that Wall Street believes will grow the fastest in the future rarely liv...
U.S.-traded Chinese stocks clinch best week since at least March as reopening hopes help spark rebound
Shares of U.S.-traded Chinese stocks on Friday posted their best week since at least March, with one popular exchange-traded fund clinching its biggest weekly advance since 2011, as shared recovered f...
Opinion: Opinion: FTX was a warning. We must plug the other holes in the Swiss cheese.
FTX’s unraveling should not have come as any great surprise. When an unregulated market like crypto is opened to financial novices, mistakes are bound to be made and fraudsters are sure to take advant...