Tetra Images | Tetra images | Getty Images After several months of soaring inflation, stock market volatility and interest rate hikes, many investors are feeling weary about their finances. But the prolonged stock market downturn offers a silver lining for some investors: opportunities to reduce their tax bill. Here are some of the most popular
Every year, millions of Americans pack up and move from one state to another, providing unique insights into what people value when deciding where to live, work, and raise a family. For many years, policymakers, journalists, and taxpayers have debated the role state tax policy plays in individuals’ and businesses’ location decisions. Annual data about
In this article GM F Follow your favorite stocksCREATE FREE ACCOUNT The General Motors world headquarters office is seen at Detroit’s Renaissance Center. Paul Hennessy | LightRocket | Getty Images DETROIT — Shares of General Motors and Ford Motor each tumbled Monday after a pair of UBS downgrades citing expectations for weakening demand amid inflationary
In this article JPM Follow your favorite stocksCREATE FREE ACCOUNT Dimon said in June that he was preparing the bank for an economic “hurricane” caused by the Federal Reserve and Russia’s war in Ukraine. Al Drago | Bloomberg | Getty Images JPMorgan Chase CEO Jamie Dimon on Monday warned that a “very, very serious” mix of headwinds
In this article 293-HK 2630-TW SIAL-SG Follow your favorite stocksCREATE FREE ACCOUNT Many flights that were canceled during the pandemic are returning to the skies this month. Last week, Singapore Airlines and Scoot announced they’re adding dozens of flights to cities across Asia. Citing strong demand and relaxed border restrictions, both airlines announced more flights
Sollina Images | Tetra Images | Getty Images Retirees who are confronting higher prices due to record high inflation may get some welcome news this week when the Social Security Administration announces the cost-of-living adjustment for 2023. The bump to benefits is slated to be announced Thursday along with new consumer price index data for
In this article RIVN Follow your favorite stocksCREATE FREE ACCOUNT Production of electric Rivian R1T pickup trucks on April 11, 2022 at the company’s plant in Normal, Ill. Michael Wayland / CNBC Shares of Rivian Automotive fell sharply on Monday after the electric vehicle maker said late Friday that it is recalling more than 12,000
Chicago Federal Reserve President Charles Evans said the central bank is holding fast in its commitment to bring down inflation even if it means people losing their jobs. Speaking three weeks before the Fed is expected to approve its fourth consecutive 0.75 percentage point interest rate increase, the central bank official told CNBC he hopes
Brand New Images | Stone | Getty Images A lousy stock market is often no reason for investors to cheer. But for the uber-rich, it may offer a route to lower estate taxes down the road. That’s because one type of trust gives them better odds of shifting some wealth to their children, grandchildren or
Freshsplash | E+ | Getty Images The White House has repeatedly said that its application for student loan forgiveness, which is expected to go live within days, will be simple. Still, consumer advocates say that any red tape around the relief is likely to cause millions of borrowers to miss out on it. “Those who
Tom Brenner | Reuters There’s still a decent chance that changes to the U.S. retirement system will be enacted before the end of the year. Despite there being just a few months left before the next Congress convenes Jan. 3 — the midterm elections will be Nov. 8 — the push to improve Americans’ ability
“Earthdivers” writer Stephen Graham Jones at New York Comic Con on Oct. 7, 2022. Mike Calia | CNBC NEW YORK – Even in fourth grade, Stephen Graham Jones thought the heroic story of Christopher Columbus was a crock. “You mean the guy who stole all our land and killed our people and turned us into
Take a look at some of the biggest movers in the premarket: Ford (F), General Motors (GM) – UBS downgraded both automakers, cutting Ford to “sell” from “neutral” and downgrading GM to “neutral” from “buy.” UBS said the auto industry is rapidly moving toward vehicle oversupply following three years of unprecedented pricing power. Ford slid
Shaquille O’Neal attends the second preseason NBA game between Atlanta Hawks and Milwaukee Bucks at Etihad Arena on October 8, 2022 in Abu Dhabi, United Arab Emirates. “If you invest in things, it’s going to change people’s lives, you will definitely get a nice return,” the previous NBA star recalled Bezos sharing in a tech
momcilog | E+ | Getty Images It’s almost the time of year for Medicare beneficiaries to give thought to their 2023 Medicare plan. The program’s fall open enrollment period, when you can make changes that take effect Jan. 1, starts Oct. 15 and runs through Dec. 7. This window is for coverage related to prescription
Uncertainty around the U.K. housing and mortgage market has spread among first-time buyers. Resolution Productions via Getty Images Mortgage products have been pulled, payments are doubling and lenders are backing out of agreed deals; concern and uncertainty among Brits trying to buy a home skyrocketed last month after Finance Minister Kwasi Kwarteng announced his “mini-budget.”
Elon Musk told the FT that Beijing doesn’t want him to sell his Starlink satellite internet service in China. In this picture, Musk speaks about Starlink at Mobile World Congress in June 2021. Nurphoto | Nurphoto | Getty Images BEIJING — Elon Musk told the Financial Times the Chinese government doesn’t want him to sell
Red Bull Racing’s Dutch driver Max Verstappen poses on the podium with the trophy following his victory at the Formula One Japanese Grand Prix at Suzuka, Mie prefecture on Oct. 9, 2022. Toshifumi Kitamura | Afp | Getty Images Max Verstappen sealed his second Formula 1 world championship amid huge confusion after winning a chaotic,
Striking it rich is not a fluke. It takes hard work, fearlessness and a growth mindset. I spent five years studying the habits of 233 millionaires — 177 of them were self-made — to find out how they make use of their time. Based on my research, I identified six principles they all shared that
A child looks at a halloween costume on the rack. At the Target department store in Exeter Township Tuesday afternoon for a story on halloween costumes. Ben Hasty | Medianews Group | Getty Images In the past few weeks, Craig Cislo dug out the spray-painted tombstones from his attic, scoured websites for a giant animated