In this article MC-FR Follow your favorite stocksCREATE FREE ACCOUNT Bernard Arnault, Chairman and CEO of LVMH Moet Hennessy Louis Vuitton, attends a news conference to present the 2022 annual results of LVMH in Paris, France, January 26, 2023. Gonzalo Fuentes | Reuters Luxury giant LVMH said China’s wealthy consumers have started returning to stores
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
A friend of mine recently started his Social Security benefits at age 66, justifying his decision because interest rates have risen recently from virtually zero to the four percent range. That made me question if the conventional wisdom still applies: This wisdom says that for most people, delaying the start of Social Security benefits as
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
The housing market is showing early signs of recovery with pending sales of homes climbing for the first time in a year. Pending home sales fell 26% year over year during the four weeks ending January 22 as mortgage rates ticked down. It was the smallest drop in more than three months, according to a
In this article DG Follow your favorite stocksCREATE FREE ACCOUNT A Dollar General store in Creve Coeur, Illinois. Daniel Acker | Bloomberg | Getty Images Dollar General has been hit with more fines for worker safety violations, this time for issues at three Southeast stores amounting to $387,000, the Department of Labor said Thursday. Federal
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
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).
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
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
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
In the past, you needed to take required minimum distributions (RMDs) around age 70.5. This year RMDs can be taken at age 73. For younger folks reading this post, the RMD age will rise to 75 on Jan 1, 2033. The taxes could be onerous regardless of when you will need to begin taking your
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
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
In this article LEVI Follow your favorite stocksCREATE FREE ACCOUNT A pair of Levi’s selvedge denim jeans arranged in Louisville, Kentucky. Luke Sharrett | Bloomberg | Getty Images Levi Strauss on Wednesday posted earnings and revenue that topped Wall Street’s expectations. Shares of the company rose in after-hours trading as the company also offered upbeat
In this article SQ COF GOOGL T SPWR RUN FOXA NWSA Follow your favorite stocksCREATE FREE ACCOUNT Shoppers shop at AT&T in the King of Prussia Mall on December 11, 2022 in King of Prussia, Pennsylvania. Mark Makela | Getty Images Check out the companies making the biggest moves midday: News Corp, Fox — News
Maskot | Maskot | Getty Images An economic downturn usually sparks a renewed interest in picking up new skills at school. Historically, enrollment in graduate school picks up amid recession as workers take the time to “skill up” or pivot to another industry with better career prospects or pay. “When the economy goes down, the
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
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
Ultra-high net worth real estate has long been full of hot shots, narcissists, and bravado. In turn, unscripted reality shows like Bravo’s “Million Dollar Listing” and Netflix’s “Selling Sunset” have minted ratings and superstars out of realtors and developers, many of whom were just scrapping to get a listing or a loan a few years
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