Month: July 2019

For identity thieves, kids are the perfect mark. While adults make prime targets for their account balances, a child’s information, particularly their Social Security number, has even more value to scammers because it is a “clean slate” for opening new lines of credit before someone catches on, according to the Identity Theft Resource Center. More
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Longtime market bull Edward Yardeni suggests President Donald Trump is manipulating the Federal Reserve into cutting interest rates. In a recent research note, he wrote that Fed Chairman Jerome Powell is essentially getting “Trumped.” Yardeni contends the president is creating a contentious situation for the Fed by creating uneasiness around U.S. trade policy. According to
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Share to facebook Share to twitter Share to linkedin Alimony is no longer tax deductible for new divorces.  iStock Balancing family dynamics when going through a divorce is never easy. New laws have added an additional layer of complexity.   Before 2019 the alimony deduction had been a key divorce planning strategy for over 70 years. The payor
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Geoffrey Berman, United States Attorney for the Southern District of New York, points to a photograph of Jeffrey Epstein as he announces the financier’s charges of sex trafficking of minors and conspiracy to commit sex trafficking of minors, in New York, U.S., July 8, 2019. Shannon Stapleton | Reuters Wealthy financier and accused child sex
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French President Emmanuel Macron. France is imposing a new digital tax targeting Google, Apple, Facebook and Amazon.  © 2019 Bloomberg Finance LP France just imposed a 3% tax on the French revenues of Google, Apple, Facebook and Amazon. But these companies are not going to be any less profitable because of the tax. If Google, Apple, Facebook or Amazon
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Russell Westbrook has to be thrilled with is tax-savings “payday”. (AP Photo/Alonzo Adams) ASSOCIATED PRESS The NBA offseason has left every other league in the dust with its drama. As if the first week and a half were not crazy enough, Thursday night the Oklahoma City Thunder traded 2017 MVP Russell Westbrook to the Houston
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U.S. President Donald Trump attends a bilateral meeting with China’s President Xi Jinping during the G20 leaders summit in Osaka, Japan, June 29, 2019. Kevin Lamarque | Reuters Citigroup kicks off earnings season on Monday. Traders enter with a singular focus on company guidance. Bears believe second-half guidance will be cautious and lower than expected
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