Month: January 2023

Anna Moneymaker | Getty Images As congressional lawmakers in the House slog through the early stages of negotiating over the debt ceiling — the amount of money the U.S. government can borrow — there’s been concern that those discussions could include spending cuts to Medicare. However, House Speaker Kevin McCarthy, R-Calif., has now made assurances
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Sometime during the next two years — we don’t yet know when — the House of Representatives will be hosting a public orgy. House Speaker Kevin McCarthy, R-Calif., has promised to hold a floor vote on the FairTax Act of 2023 (H.R. 25). The promise was one of multiple concessions McCarthy made to the Freedom
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In this article AAL Follow your favorite stocksCREATE FREE ACCOUNT Employees of American Airlines help check in passengers at Ronald Reagan Washington National Airport on January 11, 2023 in Arlington, Virginia. Alex Wong | Getty Images American Airlines‘ fourth-quarter profit beat analysts’ expectations as strong travel demand and high fares buoyed results during a turbulent
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With all the major investment and money center banks having now reported fiscal fourth-quarter earnings, we compiled the results to compare how our Club holdings, Wells Fargo (WFC) and Morgan Stanley (MS), stand up against the competitors. Investment banking Morgan Stanley has certainly been the place to be among investment banks, not Goldman Sachs (GS).
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Bill Oxford | E+ | Getty Images If you’re banking on a tax refund, it may be “somewhat lower” than last year’s payment, according to the IRS. Typically, you can expect a federal refund if you’ve overpaid yearly taxes or withheld more than what you owe. One of the big reasons for smaller payments this
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In this article META AMZN Follow your favorite stocksCREATE FREE ACCOUNT Thomas Barwick | DigitalVision | Getty Images Big-name tech firms like Amazon, Google, Meta and Microsoft are undergoing mass layoffs, but job prospects for applicants in the broader tech ecosystem are poised to be among the best of any industry in 2023, according to
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Republicans in the House of Representatives plan to hold the federal government’s purse string hostage to impose massive cuts to Social Security, Medicare, Medicaid and other programs. This irresponsible brinkmanship over allowing the federal government to pay the bills that Congress, including past Republican controlled ones, have already incurred will create massive uncertainty. Businesses and
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The Biden administration released its promised game plan to “protect renters and promote rental affordability.” The accompanying White House Blueprint for a Renters Bill of Rights sounds good but doesn’t have any actual force of law behind it, as the long legal disclaimer at the beginning makes clear. According to government figures, 44 million households
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Akio Toyoda, president and CEO of Toyota Motor Corp. Kiyoshi Ota | Bloomberg | Getty Images Toyota Motor Corporation’s President and Chief Executive Akio Toyoda will step down from his post on April 1, to be replaced by current Chief Branding Officer Koji Sato, the Japanese automaker said Thursday. Toyoda will become the new chairman
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Planning for a long retirement requires pre-retirees and retirees to thoughtfully consider many decisions that can significantly impact their financial security. One effective way to engage with these decisions is to answer thought-provoking questions, a technique shared in a recent report from the Stanford Center on Longevity that explored how pre-retirees and retirees can improve
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What’s a paragraph worth in a thousand pages of Congressional legislation? Quite possibly, your ability to save thousands of dollars more in your company’s retirement plan. The news regarding SECURE 2.0 broke earlier this week from the National Association of Plan Advisors (NAPA) when a staffer at the American Retirement Association discovered a major glitch
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