A shopper browses fruit and vegetables for sale at an indoor market in Sheffield, UK. The OECD recently predicted that the UK will experience the highest inflation among all advanced economies this year. Bloomberg | Bloomberg | Getty Images U.K. inflation came in at 6.7% in August, below expectations and down slightly from the previous
Month: September 2023
The World Heritage Committee has named 37 new sites to UNESCO’s World Heritage List — including one in Israeli-occupied West Bank. The newly inscribed properties were announced during the 45th session of the World Heritage Committee being held from Sept. 10 to 25 in Riyadh, Saudi Arabia. Of the 50 “candidate sites” being considered, these
Maskot | Maskot | Getty Images For savers, choosing how to best allocate money among a stream of account types may seem an impossible task. There are 401(k) plans, individual retirement accounts, 529 plans, high-yield savings accounts, taxable brokerage accounts, flexible spending accounts, health savings accounts and so on — a veritable hodgepodge of letters,
It hardly is news that nursing homes are in trouble. Consumers think they are unsafe; nurses, aides, and other staff are reluctant to work for them; hundreds of facilities are shutting and others are closing beds and even entire wings because they can’t staff them. How can these multiple problems be fixed? The Centers for
The Federal Trade Commission (FTC) has warned five tax preparation companies that they could face civil penalties if they use or disclose confidential taxpayer data for other unrelated purposes, such as advertising, without first obtaining consumers’ consent. According to information posted on the FTC website, the five tax preparation companies are H&R Block SQ ,
When you think of building a solidly constructed home, you most likely do not think about foam as being part of it. There are builders using it though, for good reason. When it is used in home construction—maybe as a marketing tactic—it’s not typically referred to as foam in the specification process, but rather as
In this article F STLA GM STLAM-IT Follow your favorite stocksCREATE FREE ACCOUNT A United Auto Workers member on a picket line outside the Ford Motor Co. Michigan Assembly plant in Wayne, Michigan, on Sept. 15, 2023. Bloomberg | Bloomberg | Getty Images The Biden administration is no longer sending two key officials to Detroit
Federal Reserve Board Chairman Jerome Powell speaks during a news conference following a Federal Open Market Committee meeting, at the Federal Reserve in Washington, DC, on July 26, 2023. Saul Loeb | AFP | Getty Images As often has been the case, this week’s Federal Reserve meeting will be less about what policymakers are doing
Unexpected medical bills can cost as much as $1,000 or more. Sometimes, these expenses are unavoidable. Still, you can take steps or ask questions of medical providers or your insurance company to avoid overpaying or getting saddled with charges you can’t afford to pay. According to the Consumer Financial Protection Bureau, about $88 billion of
IRS Commissioner Daniel Werfel testifies before the House Small Business Committee on July 17, 2013. James Lawler Duggan | Reuters The IRS is shifting how it examines tax returns of lower earners as part of its broader effort to address inequity in enforcement. Starting in fiscal year 2024, the agency will “substantially” reduce the number
I’m usually skeptical of stories about “a friend of a friend.” But in this case, I know that it’s a true story. A friend of a friend was staying in Bali, Indonesia’s paradise island that’s popular with partygoers and backpackers. My “friend of a friend” bought a van to use for transportation. The Balinese authorities
Tax Notes reporter Andrew Velarde discusses the latest developments on the final regulations for claiming foreign tax credits, including the IRS’s decision to delay implementation and the tax community’s response. 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
JLL released its Construction Trends and Mid-Year Outlook several days ago, updating its 2023 Construction Outlook published in March. The new report, with its updated set of projections, highlights several hurdles the industry faces during a time of enormous economic uncertainty. Specifically, the report examines general construction industry health, along with the state of the
In this article WBD Follow your favorite stocksCREATE FREE ACCOUNT A person walks past the headquarters of the Cable News Network (CNN) on November 17, 2022 in Atlanta, Georgia. Brandon Bell | Getty Images When former CNN Chief Executive Officer Chris Licht started running the news organization last year, he had a mission from his
The Carnival Miracle cruise ship operated by Carnival Cruise Line is docked at Pier 27 in San Francisco, Sept. 30, 2022. Justin Sullivan | Getty Images Check out the companies making headlines before the bell: Carnival, Royal Caribbean— The cruise lines both gained about 2% after being upgraded by Truist. The Wall Street firm moved
Moyo Studio | E+ | Getty Images It used to be when you talked about marriage and the “golden years,” the picture was a traditional one. Get married, work hard, buy a house, have children and retire surrounded by family and some grandchildren. Divorce was a hush-hush topic and a rare occurrence. However, as the
Svyatoslav Balan | Getty Almost regardless of how much you have in the bank, it’s hard to feel financially secure. Across the board, households are facing surging child-care costs, ballooning auto loans, high mortgage rates and record rents amid economic uncertainty and recessionary fears. Of those with more than $1 million in investable assets, as many
The Inflation Reduction Act includes U.S. territories in the expansion of clean energy tax benefits, but only partially. The proposed elective payment regulations (REG-101607-23) define when territories and entities within them can benefit from the new regime. The proposed rules provide that applicable entities include U.S. territories and their political subdivisions, instrumentalities, and agencies, similar
As the weather gets cooler and daylight hours get shorter, our thoughts start turning toward the holidays. (There are only 65 days to Thanksgiving, after all!) That inevitably gets us pondering our holiday hosting plans. How many guests should we invite to our table? What should we serve? Do we need to make any changes
In this article PARA NFLX WBD DIS Follow your favorite stocksCREATE FREE ACCOUNT Members of the Writers Guild of America East are joined by SAG-AFTRA members as they picket at the Warner Bros. Discovery NYC office on July 13, 2023 in New York City. Michael M. Santiago | Getty Images The Writers Guild of America
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