California has a housing problem. It needs to build 2.5 million new units by the end of the decade to meet residents’ needs, according to the Statewide Housing Plan, and at least 1 million of them need to be affordable. This is not a recent problem for the state, nor is it an easy one
Month: October 2022
In this article DIS Follow your favorite stocksCREATE FREE ACCOUNT The Disney+ website on a laptop computer in the Brooklyn borough of New York, US, on Monday, July 18, 2022. Gabby Jones | Bloomberg | Getty Images Disney has reached a deal with activist investor Dan Loeb’s Third Point, which includes adding former Meta executive
Jerome Powell, chairman of the US Federal Reserve, during a Fed Listens event in Washington, D.C., US, on Friday, Sept. 23, 2022. Al Drago | Bloomberg | Getty Images As the Federal Reserve ramps up efforts to tame inflation, sending the dollar surging and bonds and stocks into a tailspin, concern is rising that the
Klaus Vedfelt | Getty Images As President Joe Biden, at a White House event on Tuesday, touted new legislation that will reduce Medicare drug pricing, he also vowed to protect both Medicare and Social Security in the face of what he called Republican attacks on the programs. “I’ll protect those programs; I’ll make them stronger,”
Devastating hurricanes, tornadoes, flooding, and fires, across many parts of the U.S. leave people vulnerable. Aging parents, often far away from family, are especially at risk. When disaster strikes, scammers see opportunity. The waters after Ian haven’t even receded, and ripoff artists are already scheming how to take advantage of people. They move fast. They
Tax advisors are already working hard to determine how the IRS disaster relief announcements and Internal Revenue Code will impact disaster victims, and those who reside in disaster areas. While the first thoughts of many are how they are able to extend income tax returns that are due October 15th 2022 to February 15th, 2023
Spring boarding off the success of the first Mr.C-branded residences built next to the family’s flagship hotel in Beverly Hills, California, moguls Ignazio and Maggio Cipriani have expanded their sights (and their sites) to include such locales as Manhattan, Punta del Este, Uruguay and Miami. Up next: Dubai in the United Arab Emirates. The 27
Boxes of Cutwater Tiki Rum Mai Tai canned cocktails in a retail store in Pleasant Hill, California, February 11, 2022. Gado | Archive Photos | Getty Images Hard seltzer has lost its fizz. Now canned cocktails are all the buzz. Also known as ready-to-drink, or RTD, cocktails, the canned drinks were the fastest-growing spirits category last year,
The S&P 500 may be trading around 2022 lows, but a new report finds active managers are having their best year since 2009. The numbers suggest they still have a long way to go, though. S&P Global recently published its Mid-Year 2022 SPIVA U.S. Scorecard, which measures how well U.S. actively managed funds perform against
In this article FRPT Follow your favorite stocksCREATE FREE ACCOUNT Inti St Clair | Tetra Images | Getty Images Company: Freshpet (FRPT) Business: Freshpet manufactures and markets natural fresh meals and treats for dogs and cats in the United States, Canada and Europe. The company sells its products under the Freshpet brand, along with Dognation
A recession is a very real possibility. As the Federal Reserve aggressively raises rates to combat persistent inflation, the tough stance could come at a price. Already, falling stock markets have wiped out more than $9 trillion in wealth from U.S. households. Fed Chairman Jerome Powell also warned the central bank’s upcoming moves to fight soaring prices may
By Liz Seegert, Next Avenue When Patricia Anderson got Covid-19 at the very start of the pandemic, she was lucky in a sense. She never went to the hospital, despite her body temperature dropping to 93 degrees. In March 2020, many patients were told not to seek emergency care unless they had a fever of
Not long ago, the IRS gave Puerto Rico hurricane victims extra time to file their taxes, up to February 15, 2023. And, the IRS has done it again for victims of storms and flooding that began on Sept. 15 in parts of Alaska. They now have until Feb. 15, 2023, to file various federal individual
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In this article NKE MU AMLX RCII Follow your favorite stocksCREATE FREE ACCOUNT Check out the companies making headlines before the bell: Nike (NKE) – Nike slumped 10% in the premarket after it reported a 44% increase in inventories for its latest quarter, and said it would offer more discounts heading into the holiday season.
Street in Chelsea district, London Alexander Spatari | Moment | Getty Images American homebuyers are searching for bargains in the U.K., as a weaker pound contributes to double-digit price cuts. The fall in the British currency, which is off 17.5% against the U.S. dollar year to date, has made U.K. real estate cheaper for buyers
In this article LC Follow your favorite stocksCREATE FREE ACCOUNT Almost everyone has felt the sting of rising prices. As of August, 60% of Americans were living paycheck to paycheck, according to a recent LendingClub report — a number that hasn’t budged much since inflation hit 40-year highs. A year ago, the number of adults
Share to Facebook Share to Twitter Share to Linkedin You may be buying the wrong kind of inflation bond. Here are two ways to get the good stuff. Inflation bond: the ultimate protection against the rising cost of living. If you know what you’re doing, you get a real yield of 1.9% on these U.S.
Tax Notes contributing editor Ryan Finley discusses the latest updates in recent transfer pricing cases Eaton and Medtronic II. 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 week: trials and tabulations. Periodically, we like to