For five years, most Americans have seen lower income-tax rates and tapped a bigger standard deduction, but without congressional action before the end of 2025, the rules could still revert to levels ...
Tag: Politics/International Relations
Biden targets crypto, real estate and oil industries, as he unveils his budget
President Joe Biden on Thursday called for ending tax subsidies for cryptocurrency investors, the real estate industry and the oil and gas sector, as he formally rolled out his proposed budget for the...
This fund has increased its dividend for 56 straight years. Now it’s snapping up GE.
Markets are nearing the end of a tough week, with one more hurdle to go after Fed Chairman Jerome Powell set investors straight on his willingness to go to the mat on inflation. Next up is Friday’s no...
‘I don’t have any other debt’: I have $40,000 in student loans, but saved $70,000 due to deferred payments. I live in the Bay Area. What should I do with this money?
I am a single 35 year-old with $40,000 remaining in federal student loans. In early 2020, I was super lucky to land a great new job that significantly increased my income. This was the middle of the p...
‘I’m holding my breath’: What will happen if the Supreme Court blocks Biden’s student-loan forgiveness plan?
As the Supreme Court debates President Joe Biden’s student-loan forgiveness plan, Americans’ consumer debt continues to rise — and more of it is past due. For Shanna Hayes, 34, who was recently laid o...
This is what Warren Buffett, a self-described ‘so-so investor,’ says is his ‘secret sauce’
Stocks are rebounding on the heels of a rotten week — the worst since December for the S&P 500 SPX, +1.15% and the Nasdaq Composite COMP, +1.39%. And as Wall Street analysts go dark, with talk of ...
Global financial markets have had a rough time since Russia’s invasion of Ukraine, but it is not over yet
A year after Russia invaded Ukraine and set off the bloodiest conflict in Europe since World War II, global financial markets seem to no longer carry on the lasting shocks on a daily basis, but the fu...
Al Gore’s Firm Sells Alibaba Stock, TSMC, and Shopify. It Bought TI.
Generation Investment Management, chaired by former Vice President Al Gore, recently made big changes in its portfolio, reshuffling its holdings in the semiconductor business as its money managers cit...
A Debt-Ceiling Fight Could Raise U.S. Borrowing Costs and Worsen Budget Deficits
Illustration by Chris Cash Text size About the authors: Arvind Krishnamurthy is the John S. Osterweis professor of finance at the Stanford Graduate School of Business. Hanno Lustig is the school’s Miz...
The Way Americans Retire Has Changed Forever. Saving a Nest Egg Isn’t Enough.
About the author: Martin Neil Baily is a senior fellow at the Brookings Institution. He was Chairman of the Council of Economic Advisers under President Clinton. He is the co-author, with Benjamin H. ...
‘A complete nut’: Fox News hosts didn’t believe 2020 election fraud claims
WILMINGTON, Del. — Hosts at Fox News had serious concerns about allegations of voter fraud in the 2020 presidential election being made by guests who were allies of former President Donald Trump, acco...
Biden’s IRS Nominee: Agency Will Increase Audits of Wealthy Taxpayers
President Joe Biden’s nominee to lead the Internal Revenue Service pledged to increase scrutiny of certain wealthy taxpayers at his confirmation hearing Wednesday before the U.S. Senate Committee on F...
The peak of this market rally is almost here, says JPMorgan. Time to ditch U.S. stocks, and buy these instead, says Wall Street giant.
Roses are red, violets are blue, will CPI turn into the stock market’s Waterloo? The inflation data showed higher prices remain sticky, even if overall pressure eased a bit. The stock market seems to ...
Here are five companies to pick if Goldman Sachs is right about the stock market being flat in 2023
Hearts, flowers and CPI data. Get ready for Tuesday. And hell hath no fury like a disappointed Wall Street. The last time CPI let the markets down — last September — stocks melted down like chocolate....
The IRS Has New Tax Rules for State Payments. What They Could Mean for You.
The Internal Revenue Service on Friday gave the green light to taxpayers in 21 states who had been waiting for the agency to clarify the taxability of certain state payments before filing their federa...
Tech Layoffs Hit H1B Visa Workers Hard
When she lost her job at Google last month, Jingjing Tan started worrying about her dog, an energetic, 75-pound German shepherd. As a foreign worker living in the U.S. on a temporary work visa, if she...
The next few days may reveal whether investors have been riding one big suckers rally, says this strategist.
Stocks are off to a weaker start as caution grips investors following Friday’s monster jobs beat. While subject to revisions, that 517,000 surge in U.S. jobs may have shredded hopes among some that th...
Europe bans Russian diesel, other oil products over Ukraine war
FRANKFURT, Germany — Europe imposed a ban Sunday on Russian diesel fuel and other refined oil products, slashing energy dependency on Moscow and seeking to further crimp the Kremlin’s fossil fuel earn...
There’s still too much risk in stock and bond markets. Earn this easy 4.5% return while you wait for stability, says trader who hit 2 big calls in 2022.
Ahead of major tech earnings later, Meta results are lighting up the Nasdaq Composite COMP, +2.97% for Thursday. The S&P 500 SPX, +1.40% is also up as investors take a glass-half full view of the ...
Debt-Ceiling Crisis: What Could Happen, According to History
The White House and Congress are locked in a standoff, once again, over whether to raise the debt ceiling—the legislative limit on the total amount of money the federal government is authorized to bor...
Trump and lawyer Habba fined $1 million over ‘frivolous’ suit against Hillary Clinton
NEW YORK (AP) — A Florida judge sanctioned former President Donald Trump and one of his attorneys, ordering them to pay nearly $1 million for filing what he said was a bogus lawsuit against Trump’s 20...
The 1980s was the blueprint for the upcoming disinflation cycle and these are the stocks for it, strategists say
Stocks logged a third-straight losing session on Thursday as investors continue to deal with a mixed bag of economic data. That followed Wednesday’s session and extremely weak industrial production th...
The Window to Capture a $7,500 Electric-Vehicle Tax Credit May Be Closing. How to Snag It.
Americans are flocking to electric vehicles, pushing sales up 127% over the past two years. To sweeten the deal, the federal government is offering a tax credit of up to $7,500 for EVs and other “clea...
Opinion: Ford’s pact with Chinese EV battery maker is a sucker punch to American taxpayers
Virginia Governor Glenn Youngkin made national headlines recently when he rejected a Ford Motor F, +1.30% factory in a struggling part of the state, owning to Ford’s partnership with Contemporary Ampe...