Yongyuan | E+ | Getty Images Workers who save in a 401(k) plan offered by a small business pay fees that are twice as high as those paid by employees who work at the largest companies in the U.S. The smallest workplace retirement plans (those with less than $25 million in aggregate savings) charge total
Month: March 2022
Topline Professional investors are growing increasingly gloomy about the future, with the majority now predicting that stocks will fall into a bear market this year and the U.S. economy will be plagued by stagflation—meaning high inflation and slow economic growth—according to Bank of America’s latest Global Fund Manager Survey. Key Facts Investor sentiment is growing
Even as Republican governors blast President Biden and congressional Democrats for both causing inflation and failing to address it, they are promoting their own tax cuts that likely will add to consumer demand and raise prices. Putting more money in people’s pockets will increase demand for goods at a time of supply shortages. That will
Treasured homes along the California coast often come with a Hollywood connection. In Montecito, El Fureidis, a grand mansion most notably featured as the home and symbol of extreme wealth for Al Pacino’s titular character in the 1983 film Scarface, is now on the market for $39,995,000. Few properties capture the imagination like Montecito’s El
In this article GM An undated handout photo shows the new Cadillac Lyriq, one of the electric vehicles that General Motors Co said on October 20, 2020, that its Spring Hill, Tennessee, factory will begin to produce. General Motors Co. | Reuters DETROIT – General Motors is gearing up to deliver Cadillac’s first electric vehicle
In this article AMCX PLNT SBUX HYMC AMC An American Airlines Boeing 787-9 Dreamliner approaches for a landing at the Miami International Airport on December 10, 2021 in Miami, Florida. Joe Raedle | Getty Images Check out the companies making headlines in midday trading. AMC Entertainment, Hycroft Mining — The movie theater chain saw its
Valeriy_G | iStock | Getty Images Flush with cash, more than two dozen states enacted tax breaks in 2021, including earned income tax credits, or EITCs, a boon for low to moderate earners. Generally, working families with children earning roughly $42,000 to $57,000 qualify for state EITCs, depending on marital status and family size, according
In this article AVD Pixelfit | E+ | Getty Images Vanguard Group and its executives created big tax bills for some investors in its target-date funds, amounting to hundreds of millions of dollars in aggregate, according to a lawsuit filed Monday. The lawsuit, filed in a Pennsylvania federal court by three investors, claims the investment
In addition to the human tragedy, the serious situation in Ukraine certainly gives many investors cause for consternation, particularly those who have been in the market 10 years or less. However, history tells us that not only is volatility normal, but volatility can create opportunities, since some loss-averse investors will make a beeline for the
Professor Richard Schmalbeck of Duke University Law School discusses college sports and taxation, including the potential effect of compensation for coaches and athletes on colleges’ tax-exempt status. 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. This
For the past few decades, culture has created a new norm in which youth are funneled straight from high school to college, rarely considering any other options, despite what is best suited for the individual. Profiling and stereotypes about people involved in trades were barriers because trade work was considered dirty, according to Eric Peralez,
In this article F VOW3-DE GS TSLA A Northvolt building in Sweden, photographed in February 2022. Mikael Sjoberg | Bloomberg | Getty Images Northvolt said Tuesday it would look to build a gigafactory in Germany, with the firm hoping the facility’s first batteries will be produced in 2025. In a statement, the Stockholm-headquartered battery maker
Take a look at some of the biggest movers in the premarket: Delta Air Lines (DAL), United Airlines (UAL), Southwest Airlines (LUV) – Delta rallied 3.7% in the premarket while United jumped 3.9% and Southwest added 2.9%. All three airlines raised their revenue outlooks, saying air travel is rebounding from the earlier slump induced by
British actor Benedict Cumberbatch poses on the red carpet upon arrival at the BAFTA British Academy Film Awards at the Royal Albert Hall, in London, on March 13, 2022. Tolga Akmen | Afp | Getty Images Brits will be given £350 ($457) a month to house Ukrainians fleeing the war, according to a new government
The Federal Reserve building in Washington, January 26, 2022. Joshua Roberts | Reuters The Federal Reserve is poised to announce its first interest rate hike since 2018 on Wednesday. The central bank is likely to raise its target federal funds rate by 25 basis points, or one-quarter of one percent, to address the worst inflation
Careful analysis of the employee retention credit (“ERC”) provided under the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) and the 199A limitations set forth under the Tax Cuts and Jobs Act of 2017 (“TCJA”) may lead to unexpected tax consequences this tax season. Just when we thought the discussion surrounding 199A was on
By Caroline Giroux The Rise of Proptech Real estate is one of the largest asset classes in the world, comprising over $225 trillion; ~$50 trillion in the United States alone. Historically, the industry has been a slow adopter of technology due to its capital intensity and illiquidity, the longevity of assets, many different stakeholders, and
A view of a meeting of the North Atlantic Council (NAC) at the level of Foreign Ministers gather at the NATO Headquarters in Brussels, March 4, 2022. Olivier Douliery | Reuters The heads of state representing NATO’s 30 member countries are discussing meeting in person in Brussels next week as Russia’s invasion of Ukraine reaches
Traders on the floor of the NYSE, March 14, 2022. Source: NYSE U.S. stock futures rose slightly on Monday night as investors continue to monitor developments in the Russia-Ukraine conflict and get ready for a key Federal Reserve policy decision. Dow Jones Industrial Average futures rose by 52 points, or 0.16%. S&P 500 and Nasdaq
Paying your credit card balance on time is crucial to maintaining a good credit score and dodging late fees. However, mistakes happen: 45% of Americans said they missed a credit card payment because they simply forgot, according to a WalletHub survey. That mistake be costly. Federal regulations currently cap the maximum late fee on a first
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