In this article JPM BAC Follow your favorite stocksCREATE FREE ACCOUNT A Fitch Ratings analyst warned that the U.S. banking industry has inched closer to another source of turbulence — the risk of sweeping rating downgrades on dozens of U.S. banks that could even include the likes of JPMorgan Chase. The ratings agency cut its
Month: August 2023
Franckreporter | E+ | Getty Images People can easily fall into “false financial comparisons,” a scenario in which we believe we can afford the same lifestyles people we perceive as “just like us” have, said author Manisha Thakor in her new book, “MoneyZen: The Secret to Finding Your ‘Enough.'” A certified financial planner, Thakor noticed
A new Government Accountability Office (GAO) report, Older Workers: Retirement Account Disparities Have Increased by Income and Persisted by Race Over Time, is quite unsettling. The analysis finds that many Americans are losing ground when it comes to building retirement savings, despite policy efforts to improve workers’ savings. For households aged 51 to 64, GAO
Last month, James W. Lewis died in Cambridge, Mass., of natural causes. If that name sounds familiar, it’s because the former tax preparer was a suspect, though never officially charged, in the infamous Tylenol poisoning murder cases. Seven people died from taking cyanide-laced Tylenol capsules in September of 1982. The case captivated the country and
Many of the 50 million Americans who suffer from allergies don’t realize that changes to their home environment can ease their discomfort. Most of the messaging they see – especially the countless advertisements – focuses on medication. There are other options, and they generally don’t come with potential health-related side effects. I interviewed three experts
In this article STLA F GM Follow your favorite stocksCREATE FREE ACCOUNT Speaking in front of a backdrop of American-made vehicles and a UAW sign, President Joe Biden, then a presidential candidate, speaks about new proposals to protect U.S. jobs during a campaign stop in Warren, Michigan, Sept. 9, 2020. Leah Millis | Reuters DETROIT
China’s massive real estate market has struggled after decades of debt-fueled, rapid growth. Bloomberg | Bloomberg | Getty Images BEIJING — China reported July data that broadly missed expectations. The National Bureau of Statistics report also did not include the unemployment figure for young people, which has soared to record highs in recent months. Retail
On Aug. 8, a series of small brush fires started in Maui. They quickly spread due to dry weather and high winds from Hurricane Dora, which passed Hawaii a few hundred miles to the south. The fires have since been mostly contained, but residents are still dealing with the destruction left in their wake. The
The Biden administration released new guidance Monday on how colleges can “lawfully achieve a diverse student body” in the wake of the Supreme Court‘s ruling striking down affirmative action. In a “Dear Colleague” letter and a questions and answers page, the U.S. Department of Education outlined what policies and practices for promoting a diverse student body remain
Age 72? Age 73? Required minimum distributions from IRAs and other tax-deferred retirement accounts are mandated for people of a certain age. What age? Lawmakers keep moving the goal posts. Two sets of laws come into play. The law that went into effect at the end 0f 2022 is SECURE Act 2.0. The act was
It is no secret that many people seek to avoid California taxes by moving right before a major income event. They might be selling a company or settling a big lawsuit. Done carefully and with the right kind of income, leaving California can cut the sting of California’s high 13.3% state tax. Yet even moving
Curb appeal is important to buyers – and it’s also important to your neighbors. Both groups are forming first impressions about the type of homeowner you are, based on your home’s exterior. And for good reason, since your home’s curb appeal can affect the entire neighborhood. “Curb appeal is the first-impression that buyers get of
In this article GS Follow your favorite stocksCREATE FREE ACCOUNT Former Goldman Sachs CEO Lloyd Blankfein said he couldn’t imagine returning to his old firm, disputing a news report that said Blankfein offered to return in some capacity. The New York Times piece “misquoted” Blankfein, the former Goldman CEO told CNBC Monday in a phone
In this article UBSG-CH UBS Follow your favorite stocksCREATE FREE ACCOUNT General view of the UBS building in Manhattan, New York, June 5, 2023. Eduardo Munoz Alvarez | View Press | Corbis News | Getty Images Swiss bank UBS agreed to pay a combined $1.4 billion in civil penalties over fraud and misconduct in its
After more than a year of recession predictions, some experts have backed off past forecasts and now embrace what’s known as a “soft landing” for the economy. Even so, one financial advisor is stressing the importance of preparing for future stock market volatility. A soft landing could include an economic slowdown and unemployment ticking higher
President Franklin D. Roosevelt signs the Social Security Act into law on Aug. 14, 1935. FPG | Archive Photos | Getty Images Social Security has reached a milestone — its 88th birthday. On Aug. 14, 1935, President Franklin D. Roosevelt signed the Social Security Act into law. With that law, a social insurance program to
The G-20 is keeping a close eye on how developing countries are faring at the OECD’s inclusive framework. Within the past 18 months, the group has hosted or supported a number of new symposia and roundtables on developing countries and international tax. Those events help the G-20 take stock of how developing countries are feeling
From its groundbreaking in 1969 as a residential development, private St. John’s Island north of Vero Beach, Florida, has been aimed at those with “discerning tastes.” Fast-forward to 2023, and the private barrier island community of 1,650 acres in Indian River Shores boasts such amenities as three championship golf courses, tennis, a beach club and
A woman walks at the Bund in front of the financial district of Pudong in Shanghai, China. Aly Song | Reuters BEIJING – China’s economy is running into more challenges. Credit data for July released Friday showed a slump in demand from businesses and households to borrow money for the future. Real estate problems persist
In this article EXPE 9961-HK EDR-ES BKNG TRIP HTG-DE Follow your favorite stocksCREATE FREE ACCOUNT According to a global survey of more than 5,700 travelers commissioned by Expedia Group, the average traveler spends more than five hours researching a trip and reviews 141 pages of content — for Americans, it’s a whopping 277 pages. And
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