Marko Geber | DigitalVision | Getty Images If you sell investments this year, it’s less likely to affect your 2023 tax bill next spring, experts say. Due to inflation adjustments from the IRS, there are larger brackets for long-term capital gains, which apply to investments owned for more than one year. The changes mean it
In this article Follow your favorite stocksCREATE FREE ACCOUNT Grindr at the NYSE, Nov. 18, 2022. Source: NYSE Just over half a year after Grindr‘s debut, leadership of the dating and hook-up platform focused on LGBTQ+ men is settling into life as a public company and charting a roadmap for the future. The stock initially
Westend61 | Westend61 | Getty Images At the midpoint of 2023, some investors see a recession storm on the horizon while others see clear skies ahead. The recession crowd is worried about negative consumer sentiment, while the no-recession camp is heartened by more-positive-than-expected data from the University of Michigan Consumer Sentiment Survey, released in June.
Bret Shuford and Stephen Hanna knew from early on in their relationship they wanted to raise a child together. But the married couple didn’t think a biological child was a possibility. As freelancers in the creative arts, Shuford and Hanna don’t always see steady income, even when working on Broadway. The Houston-based couple, known as
The world’s current richest person can teach all of us how to prepare our heirs to inherit, though our estates are going to be substantially less valuable than his. Parents frequently worry that their children aren’t prepared to inherit the wealth that likely is coming their way. Whether the inheritance is likely to be a
The tax treatment of legal settlements and judgments depends on the claims, whether the case settles or goes to judgment, how checks and IRS Forms 1099 are issued and more. The same tax rules apply to settlements and judgments, but you have more flexibility to reduce taxes when a case settles. If you sue for
Florida marks the two-year anniversary of the Champlain Towers South condominium collapse in Surfside tomorrow. Recertification laws passed after the tragedy could leave many condo owners with a rude awakening. That wakeup call comes in the form of special assessments of up to six figures for owners of older two-bedroom condos. The special assessments are
Russell Westbrook, who played for the Washington Wizards in the 2020-21 NBA season, reacts prior to playing against the Denver Nuggets at Capital One Arena in Washington, D.C., February 17, 2021. Will Newton | Getty Images Qatar’s sovereign wealth fund has offered to buy a minority stake in Monumental Sports & Entertainment, the parent company
The development, from Lithuanian infrastructure firm Tech Zity, is inspired by British renovation projects like the Battersea Power Station and Tate Modern art gallery. Tech Zity Lithuania is building a huge tech campus — Europe’s largest — in the capital of Vilnius, as it looks to become the new tech capital of the Baltics. Built
Artificial intelligence algorithms are increasingly being used in financial services — but they come with some serious risks around discrimination. Sadik Demiroz | Photodisc | Getty Images AMSTERDAM — Artificial intelligence has a racial bias problem. From biometric identification systems that disproportionately misidentify the faces of Black people and minorities, to applications of voice recognition
Marko Klaric / EyeEm | EyeEm | Getty Images Americans are eager to travel this summer despite inflation-strapped budgets. “They’re booking flights, hotels, rental cars, vacation homes,” said Hopper economist Hayley Berg. “They are also exhibiting deal-seeking behavior.” The overall price of travel is up 16% from this time in 2019, according to the NerdWallet
“What a difference a year makes!” That’s how National Taxpayer Advocate (NTA) Erin M. Collins kicked off the preface to her midyear report to Congress. That difference, Collins reported, was positive. She noted, “In submitting this report, I’m finally able to deliver some good news: The taxpayer experience vastly improved during the 2023 filing season.”
Now that inflation is waning, there is hope that mortgage rates will fall to 5% in 2024. These lower rates would make borrowing to buy a home less expensive, but they could make the housing market much harsher for first-time homebuyers. That’s because a drop in mortgage rates would cause an increase in demand, and
In this article NSC Follow your favorite stocksCREATE FREE ACCOUNT Cleanup efforts continue on portions of a Norfolk Southern freight train that derailed in East Palestine, Ohio, Feb. 9, 2023. Gene J. Puskar | AP Norfolk Southern supervisors didn’t address an engineer’s safety concerns before a train loaded with toxic chemicals derailed in East Palestine,
Federal Reserve Chairman Jerome Powell prepares to testify during the Senate Banking, Housing and Urban Affairs Committee hearing titled “The Semiannual Monetary Policy Report to the Congress,” in Dirksen Building on Thursday, June 22, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images New rules expected to require that banks keep more capital almost
There are many ways for everyday investors to make a real impact on issues like climate change, gun violence, and racial and economic justice. As a partner at Values Added Financial, which manages $150 million of investable wealth for about 80 households, I advise people on how to use their money to do right by
Jonathan Raa | Nurphoto | Getty Images Bitcoin has rallied amid news about possible spot bitcoin exchange-traded funds and other big names entering the digital currency space — and financial experts have tips for investors who want a piece of the action. The price of bitcoin topped $30,000 on Wednesday as traders grew bullish about
California’s evolving effort to build a public long-term care insurance program includes an important, and potentially far-reaching, feature: The insurance fund would be allowed to invest some assets in stocks. This would be a dramatic change for both social insurance and long-term care insurance. For example, Social Security is allowed to invest only in Treasury
Summer has officially arrived. It’s time for beach days, pool afternoons, and lots of outdoor entertaining. Second to the food, the most important element of this is the tablescape. It adds to the dining experience and sets a mood. Fortunately, creating a beautiful, Pinterest-worthy tablescape isn’t as challenging as it looks. Here’s how to design
A general view of atmosphere at the VICE Kills TX Music Showcase during the 2013 SXSW Music, Film + Interactive Festival at Viceland on March 16, 2013 in Austin, Texas. (Photo by Hutton Supancic/Getty Images for SXSW) Hutton Supancic | Getty Images Vice Media has declared Fortress Investment Group’s stalking horse bid of $225 million