The Internal Revenue Service announced standard mileage rates for 2022 today for taxpayers to use in calculating the deductible costs of using a car for business, charitable, medical or moving purposes. That means tax savings if you’re self-employed and drive your own car for business—and likely more money in your pocket if your employer reimburses
Month: December 2021
In this article DRI Diners wearing protective masks wait outside an Olive Garden restaurant in Thornton, Colorado, on Friday, March 19, 2021. Chet Strange | Bloomberg | Getty Images Darden Restaurants on Friday reported quarterly earnings and revenue that topped analysts’ expectations, leading the company to raise its sales and earnings forecast for the rest of fiscal 2022.
In this article JNJ FDX ORCL RIVN MRNA JPM An entry sign to the Johnson & Johnson campus shows their logo in Irvine, California on August 28, 2019. Mark Ralston | AFP | Getty Images Check out the companies making headlines in midday trading. Johnson & Johnson — Shares of Johnson & Johnson fell 2.2%
Billionaire investor Ray Dalio is impressed with bitcoin, the largest cryptocurrency by market value, and its blockchain. “It has been an amazing accomplishment for bitcoin to have achieved what it has done, from writing that program, not being hacked, having it work and having it adopted the way it has been,” Dalio, founder of the
In this article JPM Scott Mlyn | CNBC JPMorgan Chase is paying a $125 million fine to settle Securities and Exchange Commission charges that its Wall Street division allowed employees to use WhatsApp and other platforms to circumvent federal record-keeping laws. The SEC said Friday in a statement that JPMorgan Securities admitted to “widespread” record-keeping
In this article GSBD damircudic | E+ | Getty Images Working Americans rank credit card debt as one of the top challenges to their ability to save for retirement. That’s the finding in a new surveyconducted over the summer by Goldman Sachs that included more than 1,200 people. Melinda Opperman, president and chief relationship officer
The Economist recently insisted that the “employment of older workers is vital if prosperity is to be maintained.” But as much as pundits insist work in old age is vital, meaningful, and fulfilling, the truth is that many of the jobs older people find themselves in sap their vitality and are hardly rewarding. In 2020,
It’s hard to say how many prospective first-time home buyers people have struggled to buy a home in the current housing market with high demand, low inventory and multiple buyers competing for the same property, making it feel impossible to achieve the American dream of homeownership. The good news is Zillow has announced a partnership with Down
Loading chart… Fiverr: “No. Remember the criteria: We need to have companies that are profitable that sell at a price-to-earnings ratio, not a price-to-sales ratio. They have to be profitable.” Loading chart… State Street Corporation: “I like State Street very much, but I’ve got to tell you, let me do you even better. I think
Actually the ruination may well extend beyond Christmas or whatever winter holiday America’s low-income children observe (or don’t). The expansion of the Child Tax Credit created under the American Rescue Plan Act expires on December 31, 2021. The final advance payment of the expanded Child Tax Credit hit taxpayers’ bank accounts yesterday. The expansion increased
In this article FB Checkout.com has hired Meta executive Meron Colbeci as its new chief product officer. Checkout.com LONDON — Checkout.com, a $15 billion payments start-up based in Britain, has hired Meta executive Meron Colbeci as its chief product officer. Colbeci joined Meta, the company formerly known as Facebook, in 2018 as director of product
Digital cryptocurrencies, Bitcoin, Ripple, Ethernum, Dash, Monero and Litecoin. Chesnot | Getty Images Most millennial millionaires have the bulk of their wealth in crypto, and they’re planning to add more in 2022 despite the recent price declines, according to the CNBC Millionaire Survey. Fully 83% of millennial millionaires own cryptocurrencies, according to the survey, which
The HSBC Holdings Plc headquarters building in Hong Kong, China. Paul Yeung | Bloomberg | Getty Images LONDON — Investors should brace for a “pay-back period” in 2022 following a year of strong gains, as macroeconomic risks mount, according to HSBC Asset Management. In its 2022 investment outlook, the bank said the bumper returns investors
The Consumer Financial Protection Bureau said Thursday it is opening an inquiry into popular “buy now, pay later” programs. The financial watchdog said it is particularly concerned about how BNPL impacts consumer debt accumulation, as well as what consumer protection laws apply and how the payment providers harvest data. “Buy now, pay later is the
Adobe Chairman and CEO Shantanu Narayen on Thursday expressed confidence about the company’s future, telling CNBC’s Jim Cramer that the software maker’s weaker-than-expected forward guidance does not signal problems for its business. Narayen’s comments on “Mad Money” came shortly after Adobe shares tumbled 10.2% in Thursday’s session, as investors responded negatively to the company’s financial
As America faces a new wave of Covid-19 from the Omicron variant, there are fears it could cause a new shutdown of the economy. But in some states and cities like New York, the economy never fully recovered from earlier Covid waves. Austerity is not the answer; New York will need continued public investment and new economic development
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., December 2, 2021. Brendan McDermid | Reuters U.S. stock futures were slightly lower Thursday evening as investors digested a trading day in which tech names struggled and dragged the rest of the market down with them. Futures on
Theranos founder and former CEO Elizabeth Holmes goes through a security checkpoint as she arrives at the Robert F. Peckham Federal Building on December 16, 2021 in San Jose, California. Justin Sullivan | Getty Images SAN JOSE, Calif. — In his last effort to persuade the jury that Elizabeth Holmes is guilty of fraud, Assistant
Jim Cramer Scott Mlyn | CNBC CNBC’s Jim Cramer said Thursday that early strength in the broader market indexes after the Federal Reserve‘s faster, but still gradual tightening plans does not reflect the reality that many companies are starting to struggle. “If you’re in companies losing money, you should sell them,” Cramer said on “Squawk
A Social Security Administration office in Sebring, Florida. Jeff Greenberg | Universal Images Group | Getty Images Applying for Social Security benefits can be a complicated process. Now President Joe Biden wants to make it easier. This week, the president signed an executive order to streamline processes for Americans to apply for services and benefits
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