Westend61 If you’re eager to save more, you may consider maxing out 2022 individual retirement account contributions early rather than waiting until the tax-filing deadline in 2023. But there are mixed opinions about lump-sum investing versus spreading out deposits at set intervals, known as dollar-cost averaging. The IRA contribution limits for 2022 are the lesser
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New Yorkers queued for Covid-19 testing in Times Square on Dec. 26, 2021, as the omicron variant continued to spread. Andrew Kelly | Reuters Omicron is wreaking more disruption on the American economy. That could prompt Washington lawmakers to revisit relief strategies from earlier in the Covid-19 pandemic. Conversations on Capitol Hill have turned to
Conventional investing wisdom says that the older you get, the less of your financial assets should be in the stock market. One frequently heard justification is that stocks rise reliably in the long run but can fluctuate a lot in the short run and that if you’re old, you don’t have time to recover from
In this article PJC DJCO Jeenah Moon | Getty Images News | Getty Images Check out the companies making headlines in midday trading Wednesday: Salesforce, Adobe — The software stocks fell more than 4% each after UBS downgraded both companies to neutral from buy. UBS said that enterprise tech spending was pulled forward by the
FG Trade | E+ | Getty Images Even as the coronavirus continues to upend American life, most pandemic-era relief measures have dried up by now. The recent shelving of the Build Back Better Act, the massive spending bill with a number of provisions to lift up middle-class families, means the chances for new relief is
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Key Findings The post-pandemic economy will be characterized by greater mobility and new ways of living and doing business. States must take this opportunity to modernize their tax codes to reflect economic changes and to improve their competitive posture. Because the reality is that businesses that find their upward mobility constrained have more opportunities than
In this article F Ford vehicles are seen on the sales lot at the Helfman Ford dealership on October 28, 2021 in Houston, Texas. Brandon Bell | Getty Images DETROIT – Ford Motor’s sales last year declined 6.8% compared to 2020, but the automaker said it made strides toward the end of the year in
The crypto ecosystem has expanded significantly in recent years. While institutions such as the IMF are starting to embrace its innovation, they are also calling for investors to exercise caution. Jakub Porzycki | NurPhoto via Getty Images After a record-breaking year for cryptocurrency in 2021, many investors may soon face a hefty tax bill for
The Canadian province of Alberta came in at No. 5 for cheap flights thanks to low average airfares to and from Calgary. AJ_Watt | E+ | Getty Images So you haven’t taken a vacation to a long-haul destination since Covid first hit nearly two years ago. You’re itching to get out — despite recent disruptions
Like many community playhouses around the country, the Studio Theatre shuttered its doors in March 2020 for coronavirus pandemic and did not fully reopen for more than a year. The sales the Little Rock, Arkansas, theater collected from streaming events online or holding outdoor performances did little to cover the debts that began to pile
Take a look at some of the biggest movers in the premarket: Foot Locker (FL) – The athletic footwear and apparel retailer dropped 3.9% in the premarket after J.P. Morgan Securities downgraded it to “underweight” from “neutral,” pointing to cost pressures and tougher competition. Under Armour (UAA) – Under Armour rose 2.5% in premarket trading
China’s property developers could come under greater scrutiny for flouting environmental laws, as Beijing steps up efforts to reinforce rules, according to one portfolio manager. The latest move by Chinese authorities to order indebted property developer China Evergrande to demolish 39 buildings of its Ocean Flower Island project came as a surprise to many, said Teresa Kong,
In this article WMT Source: Walmart Walmart is making a big bet on customers’ desire for increased convenience, announcing Wednesday that its InHome delivery service will expand availability from six million to 30 million households, including in cities such as in Los Angeles and Chicago, by the end of this year. InHome allows Walmart employees wearing cameras to
Wondering how you can set yourself on the path to financial stability? As the former head of retirement at JPMorgan Asset Management, I saw many paths to retirement and the crucial steps — or missteps — that people made at each stage of their investment journey. Here are six key financial mistakes I’ve seen folks
A healthcare worker administers a Covid-19 swab test at the Boulder County Fairgrounds testing site in Longmont, Colorado, on Dec. 14, 2021. Chet Strange/Bloomberg via Getty Images Covid-19 infections are ballooning, and sick Americans who miss work due to the virus may wonder if they qualify for unemployment benefits. The short answer: They don’t. There
A trader works on the floor of the New York Stock Exchange (NYSE) in New York, on Monday, Jan. 3, 2022. Michael Nagle | Bloomberg | Getty Images Stock futures were flat in overnight trading Tuesday after the Dow Jones Industrial Average notched a record close as investors flocked to shares that stand to benefit
Manhattan real estate posted its best year ever, rebounding from the pandemic with a record $30 billion in deals, according to real estate reports. More than 16,000 contracts were signed to reach the $30 billion total — both breaking records, according to a report from Corcoran. Many had thought the market would never return to
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At the Covid testing site on Broadway in Santa Monica, the wait was at least 45 minutes long even with an appointment on Monday, Jan. 3, 2021. Carolyn Cole | Los Angeles Times | Getty Images The omicron variant of Covid-19 now makes up nearly all sequenced cases in the U.S., driving a massive increase