Images By Tang Ming Tung | Digitalvision | Getty Images Workers saw their buying power grow in May for the first time in two years, as inflation continues to fall from its pandemic-era peak. If the trend continues, it’d be welcome news for households, who could lean more on their paychecks instead of their savings
Month: June 2023
The Bureau of Labor Statistics estimates that over the next decade the labor market will continue to age, with the greatest growth coming from workers aged 55 and over. Among those aged 65 to 74, 32% expect to still be working in 2030, compared with 27% in 2020 and 19% in 2000. According to a
The United States does not have a carbon border tax. But legislation recently introduced by a bipartisan group of senators could very well put the country on track to implement one. If the United States were to implement a carbon border tax, it would need to know which kinds of industrial goods release the highest
Living in a large penthouse atop an iconic Honolulu high-rise means never missing a sunrise or sunset again. Look in one direction and the sun rises over the mountains of the Ko’olau Range. Look the opposite way, and you’ll see the sun set over the curvy coastline of Hawaii’s capital city. The 23-story One Ala
Traders work on the floor of the New York Stock Exchange during morning trading, April 10, 2023. Michael M. Santiago | Getty Images The pharmaceutical industry’s largest lobbying group and two other organizations Wednesday sued the Biden administration over Medicare’s new powers to slash drug prices for seniors under the Inflation Reduction Act. Pharmaceutical Research
Cadillac advertises for its electric car in Shanghai on May 23, 2023. A traffic police woman stands below. Hugo Hu | Getty Images News | Getty Images BEIJING — Subsidies for electric cars aren’t enough to boost growth in China’s slowing economy. One of the few detailed stimulus plans Beijing has announced this year extends
In this article QAN-AU Follow your favorite stocksCREATE FREE ACCOUNT From popping melatonin to making fists with your toes, passengers have long employed strategies to combat the negative effects of air travel. But airlines can play a role too, according to new research from Qantas and the University of Sydney’s Charles Perkins Centre. The research
The Washington Post | The Washington Post | Getty Images Within two weeks, the Supreme Court justices should break for their summer recess. And yet there’s been no ruling on President Joe Biden’s sweeping student loan forgiveness plan. For many borrowers, it’s been an anxious wait. “Waiting to hear whether or not it will pass
There could come a time in anyone’s life when you are unable to speak for yourself. It can happen with aging, and the risk of stroke, cognitive impairment, accident or other cause. When a person has appointed someone to act on their behalf for medical decisions, that person must step up and speak up for
The heirs of an estate can be liable to pay the estate or income taxes (and perhaps other obligations) of the estate. A recent court case involved the estate of the founder of Gulfstream, the aircraft manufacturer. The founder, Allen Paulson, died in 2000 with an estate valued at about $200 million that primarily was
One of Dubai’s most expensive homes was recently listed for $204 million by Luxhabitat Sotheby’s International Realty. Called The Marble Palace, the massive abode fits the bill for the city’s proclivity towards opulence and pure lavishness. Located in Dubai’s ultra-exclusive neighborhood Emirates Hills, known as the Beverly Hills of Dubai, The Marble Palace is a
In this article PFE GSK-GB GSK Follow your favorite stocksCREATE FREE ACCOUNT A health worker prepares a flu vaccine shot before administering it to a local resident in Los Angeles, the United States, on Dec. 17, 2022. Xinhua News Agency | Getty Images An advisory committee to the Centers for Disease Control and Prevention on
In this article BTC.CM= Follow your favorite stocksCREATE FREE ACCOUNT The value of bitcoin exceeded the threshold of $66,895 in October for the first time in history. Chesnot | Getty Images Bitcoin hit its highest level since April on Wednesday, as traders got excited about the prospects of a spot bitcoin ETF following a series
Today, Barbara Corcoran is the picture of success: a star on ABC’s “Shark Tank” and a successful real estate entrepreneur. As a 23-year-old struggling to get by, however, Corcoran’s life looked vastly different. Speaking to her 23-year-old self, Corcoran provided words of encouragement in a recent LinkedIn post: ”Yeah, I know it feels like you’ve had
Diamond rings and bracelets on display in a show window in Antwerp, Belgium. (Photo by Yuriko Nakao/Getty Images) Yuriko Nakao | Getty Images News | Getty Images “Diamonds are a girl’s best friend,” as the old song goes. But they’re not an investor’s favorite currently, with the precious gems losing some significant value over the
D3sign | Moment | Getty Images The recent tax season was relatively smooth compared with last year’s. But national taxpayer advocate Erin Collins still sees room for improvement as the IRS rolls out funding plan changes. “Overall, the difference between the 2022 filing season and the 2023 filing season was like night and day,” Collins
Maybe your uncle had a heart attack as soon as he retired. Or your newly-retired friends feel depressed and lost without structure to their day. A cheerful article in Harvard Health News arguing that working longer provides mental stimulation and staves off chronic disease may have led you to believe that retirement killed your uncle
Scott Peterson of Avalara discusses the South Dakota v. Wayfair decision, including how companies and states are faring five years later and what could be next with sales tax nexus. This transcript has been edited for length and clarity. David D. Stewart: Welcome to the podcast. I’m David Stewart, editor in chief of Tax Notes
Forbes Global Properties Woodstock Ranch in Santa Ynez, California, is a private equestrian community offering peaceful country living within some 2,400 acres. Old-growth oak trees dot hillsides green from the winter rains. Spring brings bright patches of wildflowers. Cattle meander lazily in the summer sun. For some homeowners, whose parcels range from about 20 to
Chicken produced in a laboratory from chicken cells. Terry Chea | AP The U.S. Department of Agriculture has approved the sale of cell-cultured chicken in a landmark decision that clears the path for consumers to try it out themselves, the two startups that received the first approvals said Wednesday. Cultured meat, also known as cultivated,
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