Container trucks line up to enter the Port of Keelung in Keelung, Taiwan. Data show that Taiwan depends more on China for trade than it does on the U.S. Billy H.C. Kwok | Bloomberg | Getty Images BEIJING — Data show that Taiwan depends more on China for trade than it does on the U.S.,
Month: August 2022
Nosystem Images | E+ | Getty Images Student loan forgiveness could be coming as soon as this month. The Biden administration is considering a number of different ways to move forward with cancelling education debt. The biggest uncertainty is how much of the debt it will relieve, if any. On the campaign trail, President Joe
Many real estate analysts are forecasting U.S. house prices to fall because mortgage interest rates have risen so much. Some are expecting small declines, others, large, but most mention that house prices are “sticky” on the downside and because of that they don’t expect prices to start falling until many months after house sales have
On Sunday, July 31, 2022 Senator Joe Manchin of West Virgina did a “full Ginsburg” that is he appeared on the five major Sunday morning talk shows on the same day, including ABC’s This Week, Fox News Sunday, CBS’s Face the Nation, NBC’s Meet the Press, and CNN’s State of the Union. The reason for
The passing of the 2019 Secure Act changed the rules about when non-spouse beneficiaries must begin taking money from inherited retirement accounts. Starting in 2020, instead of stretching withdrawals over your lifetime, most investors inheriting an IRA from a parent were subject to a new “10 year rule.” This meant annual required minimum distributions (RMDs)
In this article BYND Vegetarian sausages from Beyond Meat Inc, the vegan burger maker, are shown for sale at a market in Encinitas, California, June 5, 2019. Mike Blake | Reuters Beyond Meat on Thursday lowered its revenue forecast for 2022 and announced it will trim its workforce by 4%, citing broader economic uncertainty. The
A BP gas station in Madrid, Spain. Sopa Images | Lightrocket | Getty Images LONDON — U.K. oil giant BP on Tuesday raised its dividend and boosted share buybacks after tripling second-quarter profits on robust refining margins and trading. The British energy major posted second-quarter underlying replacement cost profit, used as a proxy for net
In this article GS AAPL GSBD Goldman Sachs CEO David Michael Solomon attends a discussion on “Women Entrepreneurs Through Finance and Markets” at the World Bank on October 18, 2019 in Washington, DC. Olivier Douliery | AFP | Getty Images Goldman Sachs said that its credit-card business is being investigated by the Consumer Financial Protection
Getty Images If you took out a loan earlier this year, there’s a chance you’ll be hearing from your bank about a flub that may have been part of its lending decision. One of the three big credit-reporting companies, Equifax, announced this week that a coding issue resulted in the company providing inaccurate consumer credit
The Italian resort town of Porto Cervo sits at the center of Costa Smeralda, a moneyed tourist destination in Sardinia known for its beaches, golf courses and upscale hotels. Adele stopped in recently with her beau Rich Paul for a hotel stay while on a cruise vacation. Superyachts line the pier. Lamborghini is once again
The race to pass the Inflation Reduction Act (H.R. 5376) is on, and while there’s plenty at stake for some corporate taxpayers, and those in the energy space in particular, the financial stakes are also high for the IRS. There is almost $80 billion in appropriations for the IRS to put toward taxpayer services and
We live in a society that values youth and seems to dismiss elders as less than important. We hear of age discrimination in employment, but not so much about age discrimination in our healthcare system. It does exist, as we see from personal experience at AgingParents.com and through the reports of our clients seeking advice.
In this article QSR A sign is posted in front of a Burger King restaurant on February 15, 2022 in Daly City, California. Justin Sullivan | Getty Images Burger King parent company Restaurant Brands International on Thursday reported quarterly earnings and revenue that topped Wall Street’s expectations, fueled by same-store sales growth at its three
In this article UBER Uber reported a second-quarter loss on Tuesday but beat analyst estimates for revenue and posted $382 million in free cash flow for the first time ever. Shares of Uber closed the day up 18.9%. Here are the key numbers: Loss per share: $1.33, not comparable to estimates. Revenue: $8.07 billion vs.
In this article YUM National Guard troops pose for photographers on the East Front of the U.S. Capitol the day after the House of Representatives voted to impeach President Donald Trump for the second time January 14, 2021 in Washington, DC. Chip Somodevilla | Getty Images In an earnings call Wednesday morning, Yum Brands CEO
Morsa Images | Digitalvision | Getty Images While the Federal Reserve raises borrowing costs aggressively to tame stubbornly high inflation, remote work may be serving as an unlikely ally to the U.S. central bank. The Fed increased its benchmark interest rate by 0.75 percentage points last week, after having raised it by a similar amount
Burned by a hot housing market, some frustrated home buyers may have hoped that sky-high listing prices are finally coming down to earth. Well, they are – sort of. It just depends on where you live. To better understand the housing affordability situation, Fortune magazine reached out to Moody’s Analytics to get access to its
Topline The stock market rallied on Wednesday, reversing losses from earlier this week thanks to stronger-than-expected economic data which helped offset lingering recession fears, even as Federal Reserve officials continue to promise more rate hikes to bring down inflation. Key Facts Stocks rebounded after back-to-back losing sessions earlier this week: The Dow Jones Industrial Average
In this article WMT Exterior view of a Walmart store on August 23, 2020 in North Bergen, New Jersey VIEW press | Corbis News | Getty Images Walmart confirmed on Wednesday that it has begun to lay off corporate employees about a week after the company slashed its profit outlook and warned that consumers had
In this article ABNB Brian Chesky, CEO and Co-founder of Airbnb Mike Segar | Reuters Airbnb beat Wall Street estimates for earnings and posted revenue that was in line with estimates for the second quarter. The company also announced a $2 billion share buyback program. Shares were down about 9% after hours, despite what appeared to
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