Jeff Greenberg | Universal Images Group | Getty Images Cue the collective gasp of chefs, bakers and foodies: Food prices are up considerably — but none more so than for butter and margarine. Prices for these ingredients and spreads jumped 32% in September versus a year ago, the most among all grocery categories, according to
Month: October 2022
Law professors Kathleen DeLaney Thomas and Erin Scharff have given us a great tour of tax misinformation in the digital age with Fake News and the Tax Law (available on SSRN), It has never been easier to get accurate tax information than it is now. Unfortunately misinformation is even easier. You don’t have to look
2024 Cadillac Celestiq Cadillac DETROIT – Cadillac is testing the limits of its brand allure and pricing power with the 2024 Celestiq – a large, bespoke electric car that will start at more than $300,000. The vehicle – unveiled Monday night – launches the General Motors brand into the ultra-luxury segment against the likes of
In this article MA BTC.CM= Follow your favorite stocksCREATE FREE ACCOUNT A 3D printed Mastercard logo is seen in front of displayed stock graph in this illustration taken September 20, 2021. Dado Ruvic | Reuters Mastercard is looking to bring crypto to the masses by making it easier for banks to get involved. The payments
Former Theranos CEO Elizabeth Holmes (L) arrives at federal court with her partner Billy Evans on October 17, 2022 in San Jose, California. Justin Sullivan | Getty Images SAN JOSE, Calif. — A star witness in the trial of former Theranos CEO Elizabeth Holmes doubled down on his testimony on Monday, two months after he
Student loan borrowers gather near The White House to tell President Biden to cancel student debt on May 12, 2020 in Washington, DC. Paul Morigi | Getty Images The U.S. Department of Education has launched its official application for student loan forgiveness, meaning tens of millions of Americans can now request the financial relief. The
The Social Security Administration (SSA) has given its recipients a 8.7% raise after four decades, and record high inflation. Retirees will see their monthly payments increase by $146, to an estimated average of $1,827 for 2023. When you consider the average annual SSA income received by African American men 65 years and older was $14,409
As the year winds down, Congress will need to decide what to do on several tax fronts, including whether to extend more favorable treatment of business research and development investments and to increase benefits for families with children. To better understand what’s at stake, we reviewed both tax breaks and compared their fiscal costs. As
Harry Styles’ former home in Los Angeles is on the market again for $8 million. The British singer and songwriter, who rose to stardom as a member of the boy band One Direction, owned the mansion from January 2016 to June 2019. Tucked behind private gates above the Sunset Strip, the contemporary estate offers stunning
In this article WWE Follow your favorite stocksCREATE FREE ACCOUNT Vince McMahon attends a press conference to announce that WWE Wrestlemania 29 will be held at MetLife Stadium in 2013 at MetLife Stadium on February 16, 2012 in East Rutherford, New Jersey. Michael N. Todaro | Getty Images World Wrestling Entertainment is defying broader market
In this article BAC Follow your favorite stocksCREATE FREE ACCOUNT Bank Of America CEO Brian Moynihan is interviewed by Jack Otter during “Barron’s Roundtable” at Fox Business Network Studios on January 09, 2020 in New York City. John Lamparski | Getty Images Bank of America said Monday that quarterly profit and revenue topped expectations on
In this article GS Follow your favorite stocksCREATE FREE ACCOUNT Goldman Sachs’ Chairman and CEO David Solomon attends a session at the 50th World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 21, 2020. Denis Balibouse | Reuters Goldman Sachs CEO David Solomon is planning his third major corporate reorganization since assuming control of
Between Bill Gates’ pledge to give “virtually all” of his wealth away and Patagonia founder Yvon Chouinard’s recent decision to donate his entire company to fight climate change, it’s clear views of inherited wealth have changed. At the same time, the greatest generational wealth transfer in history is underway, with baby boomers set to pass to their children
Anita_bonita | Istock | Getty Images More than 9 million individuals and families could be leaving money on the table by not filing a 2021 federal tax return, according to the IRS. Last week, the federal tax agency began sending letters to those people it had identified who could be missing out on payments through
It’s the question everyone wants answered: is this market correction the same as the ones we’ve seen in the past, or is it worse this time? There’s a tendency to believe that anytime the market corrects or there’s a bear market, that it’s going to be different this time. Here’s what I think: the reasons
With the prospect of a recession, people are worried about layoffs. You may get severance pay when you quit your job, or you are laid off or fired. You also might get severance if you sue and settle. Whether or not your pay is labeled “severance,” and regardless of when it is paid, the IRS
One of the commercial real estate maxims of the last year holds smart employers are now or soon will be trading in more office space for less but higher-quality office space. With some hybrid work likely to hang around permanently, employers will need less square footage than they did pre-pandemic. What will they do with
There’s a war going on in Utah – not over politics or drugs – but cookies. Crumbl Cookies, which has more than 300 stores in 36 states, has declared war on smaller competitors Dirty Dough (six stores in Utah and Florida) and Crave (nine stores in Utah and Florida.) And it’s setting social media ablaze.
A man walks along the Bund in Shanghai on Oct. 17, 2022. Qilai Shen | Bloomberg | Getty Images BEIJING — A Chinese official confirmed Monday a shift in the country’s growth goals and indicated things will change for foreign investment. Chinese President Xi Jinping on Sunday set the tone for the next five years
The war in Ukraine and rising tensions over Taiwan have caused demand for high-tech, American-made weapons to surge. And with the ongoing supply chain crunch and inflation continuing to rise, military industry watchers question whether the U.S. defense sector can keep up. “We can’t rely on China to build components for our weapons, which is
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