Richard Rubin of the Wall Street Journal had some commentary on Joe Biden’s recently released tax returns that struck me as just a little bit off. In a piece titled Joe Biden Used Tax-Code Loopholes Obama Tried To Plug, he wrote: Democratic presidential candidate Joe Biden used a tax loophole that the Obama administration tried and
Month: July 2019
Pinterest led by Chairman, Co-Founder, President and CEO Ben Silbermann and Co-Founder, Chief Design and Creative Officer, Evan Sharp ring the opening bell celebrating the IPO of Pinterest at the New York Stock Exchange in New York, April 18, 2019. Brendan McDermid | Reuters Venture capitalists have never seen returns like this. In the second
Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters The stock market’s record-long bull run just capped another milestone Wednesday — the S&P 500 jumped above 3,000 for the first time, nearly five years after the index hit 2,000. These are the stocks that powered the historic rally. Medical
A top strategist at JPMorgan Asset Management said on CNBC Wednesday that the Federal Reserve is “fundamentally making a mistake” with its anticipated rate cut at the end of the month. David Kelly, the chief global strategist at JPMorgan Asset Management, said on CNBC’s “Power Lunch” that he doesn’t think rate cuts will boost the
We all need stuff, from cars to laptops to clothes. That doesn’t mean you have to walk into a store and plunk down money for brand new items each time. Just as the new car you drive off the lot immediately loses half its value — congratulations on the new used car you just purchased
Share to facebook Share to twitter Share to linkedin How did the adult son of a wealthy but secretive 85 year old father get his dad to finally reveal important information about his assets? It wasn’t easy. Many adult children have an elder who thinks he’s fine and doesn’t need any help. Even if the
tall buildings in new york city. (Photo by: Education Images/Universal Images Group via Getty Images) Universal Images Group via Getty Images A third of the active New York City sales listings on StreetEasy received price cuts as of mid-June, according to a new report from the site, but the discounts probably won’t yield more buyers,
Social Security may be one of your largest assets. What and when you collect will make a huge difference to your lifetime benefits. Today’s column responds to questions about whether income after 66 can increase benefits, whether spousal benefits may end when other benefits begin, restricted applications before FRA, whether to file and suspend now
Steve Bray, a political activist, shouts anti-Brexit slogans through a megaphone near the Houses of Parliament in London, U.K., on Tuesday, March 12, 2019. Chris J. Ratcliffe | Bloomberg | Getty Images The U.K.s National Health Service announced a partnership on Wednesday with Amazon to make it easier for people to get health advice using
Jerome Powell, nominee to be chairman of the Federal Reserve Board of Governors, testifies during his confirmation hearing before the Senate Banking, Housing and Urban Affairs Committee on Capitol Hill in Washington, DC, November 28, 2017. Saul Loeb | AFP | Getty Images Federal Reserve officials saw last month the case for easier monetary policy
The wealth tax proposed by Sen. Elizabeth Warren has sparked a fierce — and increasingly personal — debate between the party’s traditional academic elite and the darlings of the new left. Lawrence Summers, the former Treasury Secretary and longtime economic guru of the Democratic party, published an op-ed in the Washington Post in April saying
Visa Inc. credit and debit cards are arranged for a photograph in Washington, D.C., U.S., on Monday, April 22, 2019. Andrew Harrer | Bloomberg | Getty Images The S&P 500 tops 3,000. What a difference five years makes. The S&P has moved 50% in less than 5 years, from 2,000 on August 26, 2014, to
An American flag battered by Hurricane Michael continues to fly in the in the rose colored light of sunset at Shell Point Beach on October 10, 2018 in Crawfordville, Florida.The hurricane hit the Florida Panhandle as a category 4 storm. Mark Wallheiser | Getty Images Natural disasters lead to billions of dollars in property losses.
A friend called me up scared. They’ve spent the past 20 years working to pay off student loans, buy a house, raise a family, and so saving for retirement wasn’t a priority. “Where do I start?” It was a good reminder: it’s easy to forget how confusing and daunting investing is when you’re getting started.
Share to facebook Share to twitter Share to linkedin The official celebration took place Wednesday, with a ticker-tape parade in lower Manhattan and a presentation at New York’s City Hall. Here team members Megan Rapinoe, Alex Morgan, Ashlyn Harris and Allie Long enjoy the crowd. Brian Ach/WireImage) Members of the U.S. Women’s Soccer Team celebrated
The Texas Legislature Reformed Property Taxes During the 2019 Legislative Session Eric Allie for the Texas Public Policy Foundation The government-appraised value of my home was due to go up 10.7% this year, which, if the tax rates for the school district, county and other taxing public entities held steady, would mean a tax hike
Apple came under pressure earlier this week, and as the second-biggest stock by weight in the S&P 500, that weighed on U.S. equities. Apple is one of five “big tech” companies among the S&P 500’s top 10 holdings: Microsoft (No. 1); Amazon (No. 3); Facebook (No. 4); and Alphabet are the others. Apple also is
Levi Strauss reported a 17% drop in quarterly adjusted profit on Tuesday, hit by a stronger dollar, higher marketing costs, and investments in its online business, sending its shares down 6% in extended trading. The company has been spending heavily on marketing and advertising by roping in celebrities and social media influencers, including Justin Timberlake,
Jerome Powell testifies before the Senate Banking, Housing and Urban Affairs Committee on his nomination to become chairman of the U.S. Federal Reserve in Washington, November 28, 2017. Joshua Roberts | Getty Images Business investments across the U.S. have slowed recently as uncertainties over the economic outlook linger, Federal Reserve Chair Jerome Powell said Wednesday
Pennsylvania state capitol building John Greim/LightRocket | Getty Images It is not an easy time to be the treasurer of Pennsylvania. Joseph Torsella, a Democrat elected treasurer in 2016, has to cope with a simple fact of life: age. His politically important swing state has the sixth largest economy in the nation — but it
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