Former Democratic Senator Heidi Heitkamp, one of the party’s leading voices on tax policy, said President Joe Biden’s proposal to tax appreciated assets upon death would hurt family farms and family-owned businesses. “I’m trying to sound the alarm, both economically and politically, for Democrats that this is not a path to walk,” she said in
admin
Charlie Watts of the Rolling Stones on stage during the band’s 1997-98 Bridges to Babylon tour. Paul Natkin | Archive Photos | Getty Images One of the greatest rock ‘n roll bands in the world recently lost their beat. Charlie Watts, who died on Aug. 24, had been the drummer for the Rolling Stones since
vitapix | E+ | Getty Images Tax breaks for retirement plans, such as 401(k) plans and individual retirement accounts, may reward workers for saving more money, but these write-offs may also be widening the racial wealth gap. That’s according to a new analysis from the Tax Policy Center that is based on the Federal Reserve’s latest Survey
More details on why experts advise to wait to claim benefits and on benefits for divorced spouses. Few retirement issues are as complex and controversial as Social Security and the strategies people can use to maximize their benefits. So we were not surprised that an article The New York Times published in June on how
A “For Sale” sign outside a house in West Palm Beach, Florida, April 7, 2021. Marco Bello | Bloomberg | Getty Images A prolonged period of low mortgage rates is taking its toll on the refinance market, as most borrowers who qualify have already gone through the process. The average contract interest rate for 30-year
Learn more about the Bull and Bear of the day go to https://www.zacks.com/bull
Michael Lee | Moment | Getty Images There were fewer small businesses open and hourly employees working in August relative to July, indicating that the Covid-19 delta variant may be dampening the U.S. economic recovery, according to data from Homebase, which supplies employee scheduling software to employers. The number of employees working dropped 4% in
In this article PFIZER-IN Juan Rodriguez (L) reacts while receiving Johnson & Johnson’s Janssen Covid-19 vaccine administered by vocational nurse Christina Garibay at a Skid Row community outreach event where Covid-19 vaccines and testing were offered in Los Angeles, California on August 22, 2021. Frederic J. Brown | AFP | Getty Images Covid-19 vaccines are
Elizabeth Holmes, the founder and former CEO of blood testing and life sciences company Theranos, arrives for the first day of jury selection in her fraud trial, outside Federal Court in San Jose, California on August 31, 2021. Nick Otto | AFP | Getty Images Theranos isn’t exactly a household word, but many of the
Dartanian Stovall looks at the house that collapsed with him inside during the height of Hurricane Ida in New Orleans. Michael DeMocker | USA TODAY Network via Reuters If you’ve winced at the destruction caused by Hurricane Ida along the Gulf Coast, you may want to consider whether you’re prepared in case the next big
Kameleon007 | iStock | Getty Images The national eviction ban is no longer in effect, after the Supreme Court struck it down last week, leaving the more than 11 million Americans still behind on their rent at risk of being forced out of their homes. However, at least four states and Washington, D.C., will continue
Visoot Uthairam | Moment | Getty Images Scammers have bilked Americans out of $545 million in Covid-related fraud since the beginning of 2020 in a range of schemes from online shopping to travel, according to the FTC. The agency received almost 589,000 consumer complaints associated with the pandemic from Jan. 1, 2020 to Aug. 30,
As lawmakers look for ways to pay for trillions in new spending, they are considering changes to prescription drug pricing under Medicare Part D. As explained here, H.R. 3, the Elijah Cummings Lower Drug Costs Now Act, would use the leverage of steep excise tax penalties to make drug manufacturers lower their prices, generating about
After a dire 2020, the restaurant industry is staging a comeback, but headwinds will likely keep it from bouncing back to 2019 levels, a new report shows. The National Restaurant Association projects restaurant and foodservice industry sales will jump nearly 20% to $789 billion this year, from $659 billion in 2020. But the projection is
When I was 25, inspired by the energy and excitement of the New York Stock Exchange after a visit when I was in college, I started my own investing firm, Caffey Investment Group. Prior to launching my business, I worked at my father’s insurance agency for three years and then worked at two other investment
FatCamera Most workers over age 40 don’t have sufficient retirement savings and aren’t setting aside enough to catch up, according to a survey from the Insured Retirement Institute. Despite the nest egg shortfall, many still expect to retire early and believe they will have ample retirement income. More than half of older Americans have less
zimmytws | iStock | Getty Images A new report released by the Social Security Administration on Tuesday reveals new estimates of just how much the Covid-19 pandemic has impacted the program’s already ailing trust funds. The results show the funds from which the program pays benefits have been “significantly affected” by both the pandemic and
Jianbi Chen | iStock | Getty Images Now that struggling renters are no longer protected by a national ban on evictions, it has become even more pressing for those households to get approved for federal rental assistance. Congress has allocated more than $45 billion in rental assistance to address the crisis hitting tenants and their
Traders work on the floor of the New York Stock Exchange (NYSE), Aug. 3, 2021. Michael Nagle | Bloomberg | Getty Images U.S. stock futures opened slightly higher Tuesday night after the S&P 500 notched a seven-month win streak in August. Dow Jones Industrial Average futures rose 45 points, or 0.13%. S&P 500 and Nasdaq
Ben Rains dives into the broader market as we head into September. The bullish outlook remains in place despite various concerns and all three major U.S. indexes are trading right near their all-time highs. Given this backdrop, investors might want to consider buying two highly-ranked technology stocks trading at huge discounts at the moment. (0:30)