Stock trader on the floor of the New York Stock Exchange. Spencer Platt | Getty Images News | Getty Images The S&P 500 Index, a barometer of U.S. stocks, just had its worst first half of the year going back over 50 years. The index fell 20.6% in the past six months, from its high-water
Month: July 2022
Descending from the triple-height ceiling of the lobby of the new Garza Blanca Resort and Spa in Cancun, Mexico, are 1600 light fixtures. Against the distant gold ceiling, they appear to be floating, an ethereal element in a vast, dramatic space. “The wow factor is a very important part of our design,” says Carlos Alberto
An opinion by Tax Court Judge Thomas Wells in the combined cases of Jessica Walters and her parents David and Jean Walters is unusual among hobby loss cases (Section 183). At stake was over $110,000 in tax and penalties for the years 2011 and 2012. The issue was whether the “green construction” activities of the
By Mindy Charski, Next Avenue Kyla Moles has purchased many cars in her life, but her latest quest for a vehicle felt more like a competition than a shopping expedition. “It was a harrowing experience,” says the 53-year-old office manager and mom of three. Her more than seven-month attempt to buy a new 2022 Hyundai
In this article KSS FRG A Kohl’s store in San Rafael, Calif. Getty Images Kohl’s is terminating talks to sell its business to The Vitamin Shoppe owner Franchise Group, two people familiar with the matter told CNBC on Thursday. The people requested anonymity because a decision from Kohl’s has not been publicly announced. Representatives from
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 15, 2022. Brendan Mcdermid | Reuters U.S. stock futures fell Thursday night after the S&P 500 closed out its worst first-half performance in decades. Futures tied to the Dow Jones Industrial Average traded 114 points lower, or
In this article AC-FR International travelers may prioritize visits to the Eiffel Tower and the Louvre when they visit France. But French residents have other ideas. Border restrictions during the pandemic largely gave locals the chance to explore their country without foreign tourists, which in 2019 numbered some 90 million. The French did not
andresr | E+ | Getty Images IRA rollovers — transfers from 401(k) plans to individual retirement accounts — are a common financial move when workers switch jobs or retire. But rollover IRAs can cost Americans billions of dollars in extra fees over decades, according to a study issued Thursday by The Pew Charitable Trusts, a
Facing record-high year-over-year rates of inflation, the Fed has been trying to combat it with a series of rate hikes that many Americans haven’t seen in decades. Rising mortgage rates have certainly had an impact on housing markets in the United States, with the number of home sales nationally declining by 7.4%, from 636,507 home
President Biden is seeking a three-month suspension of the federal gasoline tax. The idea is that a temporary tax holiday would ease the financial hardship on U.S. motorists. Before anyone starts celebrating, let’s do a reality check. It’s no secret that gas prices have skyrocketed. Nationally, the average retail price is hovering around $5 per
By Susan Schaefer, Next Avenue Jim Fetig approached retirement the same way he approached the rest of his life: always on the go and eager to test his mettle. As a soldier’s son and later an Army officer himself, he has lived in 19 states and 3 foreign countries, traveled to 50 states and 44
The Starlink logo is seen in the background of a silhouetted woman holding a mobile phone. Sopa Images | Lightrocket | Getty Images The Federal Communications Commission authorized SpaceX to provide Starlink satellite internet to vehicles in motion, a key step for Elon Musk’s company to further expand the service. “Authorizing a new class of
In this article FEMA The Atlantic hurricane season is in full swing, and a new exchange-traded fund that focuses on disaster recovery has launched just in time for it. The first-of-its-kind Procure Disaster Recovery Strategy ETF invests in companies working to reduce risk and motivate sustainable recovery from natural disasters around the world. “Our partners
In this article MC-FR A winemaker samples a glass of Joseph Phelps Insignia at the Culinary Institute of America, in St. Helena, Calif. Eric Risberg | AP LVMH’s Moet Hennessy division on Wednesday announced it has acquired California wine-maker Joseph Phelps Vineyards, as the French luxury goods giant continues to broaden its drinks portfolio. The
Justin Sullivan / Getty If you’re holding the winning ticket for Powerball’s $366.7 million jackpot, don’t forget about your silent partner: Uncle Sam. After rolling higher for about two months of three weekly drawings with no winner, the lottery game’s top prize was nabbed in Wednesday night’s drawing. The ticket was purchased in Vermont, which
As of July 1, 2022, residential tenant safety in Florida will be bolstered by a new law requiring background checks for prospective employees. Senate Bill 898, cited as “Miya’s Law,” was signed into law by Gov. Ron DeSantis in response to the death of Miya Marcano, a student killed in her Orlando apartment by a