Hi, MarketWatchers. Don’t miss these top stories. China outnumbers the U.S. for the first time in this ranking of the world’s ‘best’ universities Artificial intelligence is among the few fields that b...
Tag: Social issues
High court Justice Alito assured Kennedy on abortion rights: NY Times
Senator Ted Kennedy (D-MA) boards an elevator after walking off the floor of the U.S. Senate after a roll call vote to achieve cloture on the nomination of Judge Samuel Alito to the US Supreme Court p...
JPMorgan uses Advancing Black Wealth Tour to boost financial literacy
JPMorgan Chase brought its Advancing Black Wealth Tour to Philadelphia on October 8, 2022. Photo: Steven CW Taylor & Salim Weldon of Steven Taylor Photography A new endeavor from JPMorgan Chase is...
How venture capital is helping to lift the next generation of Latinos
U.S Treasury yields rose further on Friday as investors digested the need for further interest rate hikes to curb inflation. Photo by Michael M. Santiago | Getty Images News | Getty Images Even though...
IRS bumps estate-tax exclusion to $12.92 million for 2023
Bernd Vogel | Getty Images Ultra-wealthy Americans can soon protect more assets from federal estate taxes, the IRS announced this week. Starting in 2023, individuals can transfer up to $12.92 million...
The $7,500 electric vehicle tax credit’s full value may be hard to get
Tomekbudujedomek | Moment | Getty Images The historic climate legislation President Joe Biden signed in August offered a federal tax break — worth up to $7,500 — to households that buy new electric ve...
IRS delays rules for some inherited retirement accounts until 2023
Zinkevych | iStock | Getty Images If you inherited a retirement account in 2020 or 2021, the IRS is waiving penalties for some heirs who needed to start taking required minimum distributions right awa...
Here’s how to pay 0% capital gains taxes with a six-figure income
Luminola | E+ | Getty Images It’s natural to fixate on portfolio losses, especially with the S&P 500 down more than 20% for the year. But you may still have gains after years of growth, and ...
Is the Stock Market Open Today? Here Are the Hours for Columbus Day 2022.
Columbus Day arrives this year after investors navigated choppy waters last week. The S&P 500 marked its largest two-day gain since April 2020 on Tuesday, after a weak ISM manufacturing activity r...
Americans are souring on the housing market and California is now giving residents up to $1,050 of ‘inflation relief’ — here’s who is eligible
Hi, MarketWatchers. Don’t miss these top stories. September jobs report highlights major shift in white-collar work — as Labor Department plans changes to jobs questionnaire ‘The old question was beco...
The 401(k) industry launches rollover plan for old retirement accounts
JGI | Jamie Grill | Blend Images | Getty 401(k) plans hold a whopping $7.7 trillion in retirement savings. But cash-outs of small accounts pull billions from the system each year and can harm investor...
Gun companies sued over mass shootings
People lay flowers and cards near a spot where a mass shooting took place during the 4th of July parade in Highland Park, Illinois on July 6, 2022. Jacek Boczarski | Anadolu Agency | Getty Images The ...
How to use your required minimum distributions for unpaid taxes
Portra | E+ | Getty Images If you’re retired and haven’t made the necessary quarterly estimated tax payments for 2022, there may still be time to avoid late penalties, experts say. Retiree...
How to protect your finances from natural disasters like Hurricane Ian
Tap emergency resources Reach out to the Federal Emergency Management Agency, Disaster Assistance Improvement Program and the American Red Cross, as well as state and local governments, for emergency ...
Ohio reports third U.S. death of person with monkeypox
A Northwell Health staff member holds the monkeypox vaccine, at Cherry Grove on Fire Island, New York, where monkey pox vaccines were administered on July 14, 2022. James Carbone | Newsday | Getty Ima...
Here’s how to pick the best charitable giving strategy
Catherine Mcqueen | Moment | Getty Images It’s easy to transfer cash when a charity pulls at your heartstrings. But other giving strategies may provide a bigger tax break, financial experts say....
Abortion-rights protest spurred by Supreme Court ruling in Dobbs
An abortion rights protester participates in nationwide demonstrations following the leaked Supreme Court opinion suggesting the possibility of overturning the Roe v. Wade abortion rights decision, in...
6 in 10 people with credit-card debt say they’ve owed money for at least a year
Nearly half of all credit-card users say they’re carrying debt each month — and 60% of people with credit-card debt have owed money for at least a year, according to a new report from Bankrate’s Credi...
Buy Eli Lilly Stock. Its Obesity Drug Mounjaro Will Be a Hit, Analyst Says.
Text size Eli Lily said in August that initial demand for Mounjaro was strong. Daniel Acker/Bloomberg Eli Lilly’s novel treatment for diabetes and obesity could become one of history’s bestselling dru...
Despite fears of a recession, many may give more to charity
With lingering high inflation, stock market volatility and recession fears, it’s easy to see why some Americans might trim charitable giving. But some donors may be eyeing bigger gifts for 2022 ...
What are the most common crimes in hotels? Not theft, say UK police
“Violence against another person” is by far the most common criminal offense reported in U.K. hotels, new data shows. Statistics from eight police forces across the U.K. show there were 4...
Robert Sarver to sell Phoenix Suns, Mercury after harassment report
Phoenix Suns and Mercury owner Robert Sarver attends Game Two of the 2021 WNBA Finals at Footprint Center on October 13, 2021 in Phoenix, Arizona. Christian Petersen | Getty Images Phoenix Suns and Me...
Here’s why the $39 trillion U.S. retirement system gets a C+ grade
Siriporn Wongmanee / Eyeem | Eyeem | Getty Images The U.S. retirement system may seem flush — yet it ranks poorly in relation to those in other developed nations. Collectively, Americans had more than...
Lindsey Graham abortion ban bill splits GOP on midterm message
Republicans are distancing themselves from Sen. Lindsey Graham’s new proposal to ban most abortions after 15 weeks of pregnancy, as Democrats hold up the bill as proof the GOP seeks to restrict ...
Railroads and labor unions reach tentative deal to avert strike
Railroads and workers’ unions reached a tentative labor agreement early Thursday to avert a national rail strike that threatened to shut a major segment of the U.S. transportation network. The l...
Opinion: Americans are feeling poorer for good reason: Household wealth was shredded by inflation and Fed tightening
U.S. households’ real wealth plunged at a record 20.9% annual rate to $143 trillion in the second quarter of the year, with modest gains in home values offset by high inflation and a big selloff in th...
Plan B and other contraception may be at risk following abortion ban
Since the Supreme Court in June overturned Roe v. Wade, the court case that gave Americans the right to an abortion, more women are turning to Plan B, the nation’s most recognized morning-after ...
Dr. Oz has ties to hydroxychloroquine companies as he backs Covid treatment
Republican Pennsylvania Senate candidate Dr. Mehmet Oz has financial ties to at least two pharmaceutical companies that supply hydroxychloroquine, an anti-malaria drug that he has floated as a possibl...
‘Social Bonds’ Help People. Investors in Them Get Paid.
When Rook Soto lost his law enforcement job in 2010 for health reasons, he had big medical bills and had to take temporary jobs to survive. For a month, he was homeless and lived out of a van. Soto ha...
Must be ‘fit and active’ or ‘digital native’: how ageist language keeps older workers out
Ageism is wrong. Age discrimination is illegal. But if you are or have been an older job seeker and you suspect your age is a barrier to getting job offers, your instincts aren’t wrong. “Ageism is a r...
U.K. Tobacco Company Imperial Brands Is a Good Bet Against Inflation
Tobacco companies as a whole have historically been one of the most recession-resistant industries. Dreamstime Text size Stockholders have had a rough time this year, with surging inflation and fears ...
Opinion: The Federal Reserve is missing a crucial turning point in its fight against inflation because it believes in flawed data
The Federal Reserve can’t see the probable economic crash that is coming because it’s still looking into the rearview mirror, where it sees nothing but high inflation. The danger arises because the co...