Month: August 2019

Risk. Getty Last week the Bureau of Labor Statistics (BLS) substantially altered the economic picture when it reported revised numbers of total jobs created over the last year. The revision was substantial—private-sector job creation had been overestimated by more than 500,000 jobs in 2018. The revision helps explain some odd phenomena—like wages not increasing rapidly when the
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Shutterstock Many securities traders incur significant tax bills on phantom income caused by “wash sale losses disallowed” on form 1099-Bs. Traders are often surprised because most brokers don’t report wash sale (WS) loss calculations during the year. In this blog post, learn how to deal with WS loss adjustments and how to avoid them in
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A pack of Marlboro brand cigarettes is arranged for a photograph in Tiskilwa, Illinois. Daniel Acker | Bloomberg | Getty Images Tobacco giants Philip Morris and Altria confirmed on Tuesday they were in merger talks, making one or multiple traders millions of dollars, according to trader and CNBC contributor Jon Najarian. Najarian highlighted unusual activity
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