October is economic education month. An important part of economic education is understanding how taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. es affect the economy. On this special episode of The Deduction,
DETROIT – The United Auto Workers union on Tuesday expanded its strike against General Motors to a highly profitable full-size SUV plant in Texas — a swift response to healthy profits and record third-quarter revenue for the automaker. The Tuesday strike escalation includes roughly 5,000 workers at GM’s Arlington Assembly plant, which produces the Cadillac
In this article GOOGL Follow your favorite stocksCREATE FREE ACCOUNT An illuminated Google logo is seen inside an office building in Zurich, Switzerland. Arnd Wiegmann | Reuters Alphabet is set to report third-quarter earnings after the bell Tuesday. Here’s what Wall Street is expecting, based on a survey of analysts by LSEG, formerly known as
Workers assemble mini excavators in a factory of heavy machinery in Suzhou in east China’s Jiangsu province on Oct. 23, 2023. Future Publishing | Future Publishing | Getty Images BEIJING — China on Tuesday took steps toward easing financing conditions for local governments, which have been at the crux of recent economic difficulties. The central
Sdi Productions | E+ | Getty Images Many people will soon be picking their health insurance plans for 2024: November is a common month for workplace open enrollment, and the public marketplace opens Nov. 1. But choosing a health plan can be tricky. In fact, a 2017 study found many people lose money due to
Former President Donald Trump’s former lawyer Michael Cohen arrives for former attorney Michael Avenatti’s criminal trial at the United States Courthouse in the Manhattan borough of New York City, Jan. 24, 2022. Jeenah Moon | Reuters Michael Cohen, the former personal lawyer and fixer for Donald Trump, is set to begin testifying Tuesday in the
In this article NFLX Follow your favorite stocksCREATE FREE ACCOUNT It’s been nearly two years since Netflix first announced its foray into gaming. Yet, as Netflix has more than tripled its game library from 24 to 77 games in the last year, subscribers have largely shrugged their shoulders. This is all a part of the
The Norges Bank, Norway’s central bank, in Oslo, Norway, on Tuesday, Oct. 17, 2023. Bloomberg | Bloomberg | Getty Images Norway’s $1.4 trillion sovereign wealth fund, the world’s largest, on Tuesday reported losses of 2.1% in the third quarter, as all asset classes fell in value. The so-called Government Pension Fund Global returned a loss
A view of the Canary Wharf financial district of London. Prisma by Dukas | Universal Images Group | Getty Images LONDON — Barclays on Tuesday reported a net profit of £1.27 billion ($1.56 billion) for the third quarter, slightly ahead of expectations as strong results in its consumer and credit card businesses compensated for weakening
In this article IHG-GB IHG Follow your favorite stocksCREATE FREE ACCOUNT Pent-up travel demand — which drove global travel recovery following the Covid-19 pandemic — is over, said Intercontinental Hotels Group CEO Elie Maalouf. “People started traveling really by the end of 2020 as restrictions started to lift,” he said. “So we’re really past revenge
Andrew Kelly | Reuters The bond vigilantes are coming back as investors continue to sell amid the prospect of higher-for-longer interest rates and a growing fiscal deficit, according to Kevin Zhao, head of global sovereign and currency at UBS Asset Management. The yield on the benchmark 10-year U.S. Treasury note rose above 5% once again
Successful Fiscal Consolidations Do Not Rely Solely on Tax Hikes Skip to content Home • Blog • Most Successful Fiscal Consolidations Do Not Rely Solely on Tax Hikes Although interest rates are expected to fall as inflationInflation is when the general price of goods and services increases across the economy, reducing the purchasing power of
Travelers wait to check-in at the Alaska Airlines counter at San Francisco International Airport (SFO) in San Francisco, California. David Paul Morris | Bloomberg | Getty Images An Alaska Airlines flight operated by a subsidiary diverted to Portland International Airport on Sunday because of a security threat “related to an authorized occupant” in the cockpit
In this article NOVO.B-DK LLY Follow your favorite stocksCREATE FREE ACCOUNT George Frey | Reuters Most analysts predict the market for new weight loss drugs like Wegovy and Mounjaro will be enormous, but estimates vary for its exact size depending on who you ask. On Monday, Citi raised its estimate for incretin drug sales to
In this article NRDS Follow your favorite stocksCREATE FREE ACCOUNT Hispanolistic | E+ | Getty Images As the average interest rate on retail store credit cards near 30%, many holiday shoppers could be in for even more financial strain this year if they carry a balance. The average annual percentage rate for merchant cards reached
The Good Brigade | Digitalvision | Getty Images The IRS has announced a special withdrawal process for small businesses that wrongly claimed a pandemic-era tax break — and experts have tips for those who may be affected. The agency paused processing new claims for the employee retention credit, or ERC, in September following a surge
In this article STLAM-IT Follow your favorite stocksCREATE FREE ACCOUNT United Auto Workers President Shawn Fain greets workers at the Stellantis Sterling Heights Assembly Plant, to mark the beginning of contract negotiations in Sterling Heights, Michigan, U.S. July 12, 2023. Rebecca Cook | Reuters DETROIT — The United Auto Workers union is expanding its strike
Shapecharge | E+ | Getty Images The federal estate-tax exemption helps wealthy families avoid or reduce inheritance tax, but the clock is ticking on the size of this advantage. In 26 months, some families that pay no inheritance tax today face the potential for sizeable federal taxes unless benefactors act. Though few families have enough
In this article US10Y Follow your favorite stocksCREATE FREE ACCOUNT The yield on the benchmark 10-year Treasury topped 5% again Monday, a key level that could impact mortgage rates, student debt, auto loans and more. Last week, the 10-year yield crossed the 5% threshold for the first time in 16 years after Federal Reserve Chair Jerome
Trump Corporate Tax Rate Cut Proposal: Details & Analysis Skip to content Home • Blog • A Lower Corporate Rate Is an Opportunity Worth Taking as Part of Broader Tax Reform As the 2024 presidential campaign season gets fully underway, candidates are beginning to sketch out their taxA tax is a mandatory payment or charge