Month: December 2022

Share to Facebook Share to Twitter Share to Linkedin It’s getting too easy to cut taxes on your investments. Politicians who like to “close loopholes” are going to notice. There’s still time. You’ve got two weeks left to take capital losses, using them to cut your 2022 tax bill. This is a use-it-or-lose-it proposition. It’s
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In this article F Follow your favorite stocksCREATE FREE ACCOUNT Ford workers produce the electric F-150 Lightning pickup on Dec. 13, 2022 at the automaker’s Ford Rouge Electric Vehicle Center (REVC). Michael Wayland | CNBC DETROIT – Ford Motor has once again increased the starting price of its electric F-150 Lightning, citing higher raw material
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In this article DRI Follow your favorite stocksCREATE FREE ACCOUNT An Olive Garden restaurant in Times Square in New York Richard Levine | Corbis | Getty Images Darden Restaurants on Friday reported quarterly earnings and revenue that beat Wall Street’s expectations, as consumers continued to eat out despite pressure from inflation. The company also raised its earnings
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miodrag ignjatovic | E+ | Getty Images Up to 254,000 Medicare beneficiaries’ personal information may have been compromised in an online ransomware attack at a government subcontractor, officials warned this week. Letters are being sent to the beneficiaries who were impacted by the potential data breach, said the Centers for Medicare & Medicaid Services. Those
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Social Security benefits for existing beneficiaries will increase 8.7% in 2023 from 2022 levels. People who haven’t claimed their retirement benefits yet shouldn’t let that change their strategies for claiming Social Security benefits. I regularly hear from people who see the boost in the Social Security cost-of-living adjustment (COLA) and say that makes them consider
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Inflation optimists are betting that lower housing costs will bring down inflation. They seem to have some arithmetic on their side, but their theory of why inflation rises or falls is fallacious. Declining home prices and rents will not dent our inflation problem. One explanation of the housing-inflation connection is described by the excellent economist
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As rising prices continue to weigh on households, more families are feeling stretched too thin. As of November, 63% of Americans were living paycheck to paycheck, according to a monthly LendingClub report — up from 60% the previous month and near the 64% historic high hit in March. Even high-income earners are under pressure, LendingClub found. Of
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If you ask pre-retirees and retirees to name the most serious financial risk they face, they often cite investment risk. That’s not surprising, given that this risk received a lot of attention in 2022 due to the volatility in the stock market and the sharp increase in interest rates. But while investment risk is certainly
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Taxpayers claim that IRS penalties are not warranted for many reasons. One of the biggest and most misunderstood is the defense that a tax position was based on reasonable cause and that you acted in good faith. Those seem like friendly, easy-to-understand words, but they are actually terms of art. Even if a taxpayer thinks
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In this article FUBO Follow your favorite stocksCREATE FREE ACCOUNT Rafael Henrique | Lightrocket | Getty Images FuboTV, a live-TV bundle streaming service, said it was the target of a criminal cyberattack Wednesday, affecting customers trying to access their subscriptions during the World Cup semifinal match between France and Morocco. Once the attack was detected,
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In this article ADBE Follow your favorite stocksCREATE FREE ACCOUNT Shantanu Narayen, CEO, Adobe Mark Neuling | CNBC Adobe shares rose 6% in extended trading on Thursday after the design software maker announced fiscal fourth-quarter earnings and guidance that exceeded analysts’ expectations. Here’s how the company did: Earnings: $3.60 per share, adjusted, vs. $3.50 per
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Joos Mind | Photodisc | Getty Images Long Covid results in $9,500 of total average medical costs for workers and their employers in the six months following a diagnosis, according to a study by Nomi Health. Long Covid is a chronic illness that can carry potentially debilitating symptoms, which may last for months or years.
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