When the market is volatile, it’s important to be mindful of your other assets and think of your portfolio in a holistic way, said certified financial planner Lazetta Rainey Braxton, co-founder and co-CEO of virtual advisory firm 2050 Wealth Partners. “When we are thinking about market volatility, that means that there is uncertainty about what direction
Month: July 2023
Justin Sullivan | Getty If you manage to score the winning ticket for the Powerball jackpot this Saturday evening, your winnings will shrink significantly after Uncle Sam takes its share. The Powerball jackpot winner can choose between a lump sum of $310.6 million cash or yearly payments worth $615 million. These are estimates until the
Oops, total nonfarm payroll employment increased by only 209,000 jobs in June, far below the 225,000 positions economists expected. Workers are not getting or demanding big wage increases – though average weekly earnings for all private sector workers in June ($1,155) increased by $7 from May. But higher prices are still eroding buying power. Workers
Tax Notes reporters Cady Stanton and Michael Smith discuss the recently passed Chile-U.S. tax treaty and the importance of tax treaties on both a national and international scale. 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 Today International.
Forbes Global Properties Singapore’s so-called shophouses are a defining element in some of the city-state’s historic neighborhoods. Built in the early 1900s, they are usually found in the city center, blend traditional architecture with ornate details and display colorful facades. “Shophouses traditionally refer to two- or three-story terrace houses commonly found in Southeast Asia, particularly
In this article F TSLA .FKRX300 GM Follow your favorite stocksCREATE FREE ACCOUNT A Tesla Model Y is seen on a Tesla car lot on May 31, 2023 in Austin, Texas. Tesla’s Model Y has become the world’s best selling car in the first quarter of 2023. Brandon Bell | Getty Images DETROIT – Legacy
In this article BABA BABA Follow your favorite stocksCREATE FREE ACCOUNT Regulatory scrutiny forced Hangzhou-based Ant Group to abruptly suspend its massive IPO plans in 2020. Vcg | Visual China Group | Getty Images China’s central bank hit Alibaba affiliate Ant Group with a 7.12 billion yuan fine ($985 million) on Friday. The People’s Bank
Building wealth might not be as difficult as you think, says self-made millionaire and author of “I Will Teach You to Be Rich” Ramit Sethi. Having spent 20 years of his career writing about money and psychology, Sethi knows what it takes to grow your money. The No. 1 way to get rich: keep it boring,
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, July 6, 2023. Brendan McDermid | Reuters A sweeping change sought by the Securities and Exchange Commission would take fund managers’ culpability a step further than current standards if they don’t effectuate a greater standard of care. The rule
The Carnival Radiance cruise ship at the Avalon, California, harbor on May 19, 2023. Aaronp/bauer-griffin | Gc Images | Getty Images The NASDAQ may have hit a bit of a blip in late June when it absorbed losses over six consecutive trading sessions at one point. But it rallied during the final days of the
In this article AMZN Follow your favorite stocksCREATE FREE ACCOUNT By some measures, Amazon Prime Day could be good for your mental health. Amid concern about inflation and the direction of the U.S. economy, consumer spending has started to slow, but the “little treat” culture is gaining steam. For those on TikTok, the little treat lifestyle is considered a form
Treasury and the IRS promised to release guidance on direct pay and transferability “before summer,” and with proposed regs (REG-101610-23) issued June 14, they met their deadline admirably. Announcing a precise time frame for when proposed rules will be released is less important than their substance, but it’s still a practice that the IRS and
By: Christos Makridis Dr. Doug Milburn, an innovator and executive chairman and founder of Advanced Glazings (AGL), thrives on solving problems. For over 35 years, he has brought his vision and passion to manufacturing, engineering, software development and process engineering. Across the leadership roles throughout his career, Dr. Milburn has helped create successful companies by
In this article NKLA Follow your favorite stocksCREATE FREE ACCOUNT Nikola TRE FCEV2 Courtesy: Nikola Electric truck maker Nikola is still short of winning shareholder approval to issue new stock and has once again adjourned its annual meeting to try to win more support, the company said on Thursday. Nikola had adjourned its June 6
In this article KDP JBLU SG AFRM Follow your favorite stocksCREATE FREE ACCOUNT A JetBlue Airways Corp. plane departs at Reagan National Airport (DCA) in Arlington, Virginia, U.S., on Monday, April 6, 2020. Andrew Harrer | Bloomberg | Getty Images Check out the companies making the biggest moves midday: JetBlue Airways — Shares of JetBlue
Damircudic | E+ | Getty Images Scammers are likely to target student loan borrowers after the Supreme Court struck down the Biden administration’s debt forgiveness plan Friday and as loan repayments are poised to restart in the fall, according to the Federal Trade Commission. Scammers often “take advantage of confusion around big news like this,”
The Food and Drug Administration (FDA) has granted final approval to the anti-Alzheimer’s drug lecanamab, marked as Leqembi by drugmakers Eisai and Biogen BIIB . Here is what you need to know: What does it do? In a formal phase 3 trial, Leqembi was shown to slow the progression of memory loss and cognitive impairment
Celebrating America’s birthday in the company of foreigners can be great fun. I recently spent the Fourth of July with some British expats who live in Washington, D.C., and love it here. While awaiting the fireworks, we joked about the many ways our countries’ cultures differ. My guests remarked that we Americans support the wrong
In this article 4523.T-JP BIIB Follow your favorite stocksCREATE FREE ACCOUNT The Food and Drug Administration on Thursday fully approved the Alzheimer’s treatment Leqembi, a pivotal decision that will expand access to the expensive drug for older Americans. Medicare announced shortly after the FDA approval that it is now covering the antibody treatment for patients
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 Thursday drastically cut its profit outlook for the year after the apparel retailer reported a steep drop off in wholesale revenues and soft sales
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