South Dakota has the highest percentage of renters behind on payments, at 26%, according to a new study. Pictured, Mount Rushmore National Monument. Photo by Mike Kline (notkalvin) Renters across the U.S. are feeling the sting of soaring inflation, rising housing costs and the end of the national eviction ban. Some 15% of American households,
Month: October 2022
Tempura | E+ | Getty Images The U.S. Department of Education has said its application for student loan forgiveness will go live in early October, suggesting it could be ready any day now. With legal challenges to President Joe Biden’s historic move to cancel up to $20,000 in debt for millions of Americans mounting, experts
As you transition into retirement, you face many important decisions that will impact your quality of life for the rest of your life. The trouble is, many people ignore or put off these critical decisions, according to Disconnected: Perception vs. Reality in Retirement Planning, a recent study from the Stanford Center on Longevity (SCL). Most
The IRS already announced that it extended until 2/15 the tax deadlines for hurricane victims in Puerto Rico and then made a similar extension to both Carolinas. But how about those FBAR foreign account forms? The IRS enforces the law, but FBARs are handled by FinCEN, the Financial Crimes Enforcement Network. Fortunately, FinCEN announced that
It’s about time Warren Buffett caught a break. The Oracle of Omaha finds his Farnam Street abode located in the heart of one of the hottest real estate markets in the country, according to new data compiled by VeroForecast. The residential real estate forecaster predicts that home prices in the Big O will jump by
Vehicles are displayed for sale at an AutoNation car dealership on April 21, 2022 in Valencia, California. Mario Tama | Getty Images DETROIT — New cars are slowly becoming more widely available, as supply chain bottlenecks finally start to ease. But now, an increasing number of Americans might not want them or be able to
In this article AMD U AMBC LEVI Follow your favorite stocksCREATE FREE ACCOUNT Omar Marques | LightRocket | Getty Images Check out the companies making headlines in midday trading Friday. Ambac Financial Group – Shares of the municipal bond insurer shot up 13.2% on news of settlements with Bank of America that would bring Ambac
Kevin O’Leary just weighed in on Elon Musk’s controversial Twitter deal — and he’s siding with the world’s richest person. The “Shark Tank” investor told CNBC’s “Squawk Box” on Thursday that he predicts Musk’s $44 billion offer to acquire Twitter will go through — and that it’ll end up going in Musk’s favor. “I happen
A storefront in Ocean City, New Jersey, on Aug. 18, 2022. Photographer: Al Drago/Bloomberg via Getty Images Al Drago/Bloomberg via Getty Images Long-term unemployment declined again in September amid a continued strong labor market for job seekers. The number of Americans unemployed at least 27 weeks — the official barometer of long-term joblessness — fell
As we approach this year’s December 31st deadline for Roth conversions, and with the looming expiration of the Tax Cuts and Jobs Act (TCJA), set to expire at the end of 2025 causing 2026 tax rates and brackets to be higher for most households, many people are looking to see if Roth conversions are appropriate
Does today’s unemployment report signal a looming recession? The Federal Reserve seems on course for further interest rate increases, even at the cost of higher and discriminatory increases in unemployment. And there’s nothing in today’s report that will likely move the Fed from its current path. Today’s report from the Bureau of Labor Statistics (BLS)
Few properties can rival this Maryland farm’s towering beginnings. Pioneer Point in Centreville was once part of the 1,600-acre homestead of astute businessman John J. Raskob, who financed and built the Empire State Building in the early 1930s as part of a developers’ “race to the sky” rivalry. Some 90 later, this Dutch Colonial farmhouse
In this article PTON Follow your favorite stocksCREATE FREE ACCOUNT Peloton is cutting another 500 jobs in a move that CEO Barry McCarthy said should position the struggling fitness equipment maker to return to growth. The cuts, which amount to about 12% of Peloton’s workforce, mark a pivot point for the company, McCarthy told CNBC
In this article BNB.CM= Follow your favorite stocksCREATE FREE ACCOUNT Binance is the world’s largest crypto exchange by trading volume. Jakub Porzycki | Nurphoto | Getty Images Cryptocurrency exchange Binance temporarily suspended its blockchain network after hackers made off with around $570 million worth of its BNB token. Binance said late Thursday a cross-chain bridge
JGI/Jamie Grill Cold, hard cash could be going by the wayside for many Americans when it comes to routine transactions like paying for groceries or gas. Even so, it’s still important to keep some cash in your wallet, experts say. The cashless economy trend is not necessarily new, but it is gaining momentum, according to
The Social Security Administration announces the cost-of-living adjustment (COLA) for the following year each year. With the bout of inflation hitting American wallets over the past year, the Social Security cost-of-living adjustment could be huge for 2023. The September 2022 Consumer Price Index (CPI) report is set to be released on October 13, and the
Eric Solomon of Steptoe & Johnson LLP discusses the new excise tax on corporate stock buybacks and examines the issues that the IRS and Treasury will need to tackle before its implementation. This transcript has been edited for length and clarity. David D. Stewart: Welcome to the podcast. I’m David Stewart, editor in chief of
CoreLogic, a global property data and analytics provider, today announced its updated and final damage estimates for Hurricane Ian. According to the new data analysis, total flood and wind losses are between $41 billion and $70 billion. This estimate includes wind loss, re-evaluated insured and uninsured storm surge loss and newly calculated inland flood loss
In this article PARA Follow your favorite stocksCREATE FREE ACCOUNT Damian Lewis as Bobby Axelrod in the original series “BILLIONS” airing on Showtime. Jeff Neumann/SHOWTIME Paramount Global executive David Nevins, who joined Showtime in 2010 and has run the premium network since 2016, is leaving the company at the end of the year. Along with his
In this article PINS CAG PTON COMP TWTR SHEL-GB Follow your favorite stocksCREATE FREE ACCOUNT Check out the companies making headlines before the bell: Conagra (CAG) – The food producer’s stock added 2% in the premarket after it reported better-than-expected quarterly profit and sales. Conagra also reaffirmed its full-year guidance. Peloton (PTON) – Peloton slid
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