Month: November 2023

Credit card debt is mounting. Americans now owe $1.08 trillion on their credit cards, the Federal Reserve Bank of New York reported Tuesday. Balances jumped 15% from a year ago, according to a separate quarterly credit industry insights report from TransUnion, while the average balance per consumer hit $6,088, the highest in 10 years. Persistent inflation has put
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Jeff Green, CEO, The Trade Desk Scott Mlyn | CNBC The Trade Desk shares plunged about 30% in after-hours trading on Thursday after the ad-tech company issued fourth-quarter revenue guidance that fell well short of analysts’ estimates. Third-quarter results topped estimates. Here’s how the company did: Earnings per share: 33 cents, adjusted vs. 29 cents expected
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Too often, people are encouraged to be fearless, according to personal finance expert Farnoosh Torabi, but fear is a valuable tool, particularly when it comes to building wealth. “If you are feeling fear at life’s crossroads, pertaining to your finances, your career choices, your relationships, I think it’s important to listen to that,” said Torabi, host of
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Getty Images The IRS on Thursday announced higher federal income tax brackets and standard deductions for 2024. The agency has boosted the income thresholds for each bracket, applying to tax year 2024 for returns filed in 2025. For 2024, the top rate of 37% applies to individuals with taxable income above $609,350 and married couples
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Simpleimages | Moment | Getty Images Heading into 2024, consumers should “economize” their budgets, pay down debt and save money, if possible, to boost their personal finances, Dana Peterson, chief economist at The Conference Board, said Thursday at CNBC’s Your Money event. This “three-point action plan” is important for households since there’s “a high risk
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In this article AMC DIS Follow your favorite stocksCREATE FREE ACCOUNT SAG-AFTRA members and supporters chant outside Paramount Studios on day 118 of their strike against the Hollywood studios on November 8, 2023 in Los Angeles, California.  Mario Tama | Getty Images Before the actors’ union reached a labor deal with studios Wednesday night, Disney
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Klaus Vedfelt | Digitalvision | Getty Images Travel was expensive and busy in 2023, leading jetsetters to seek out cheaper, less-trodden alternatives to popular hot spots. It’s a great way to save money on trips heading into 2024, according to experts. This concept — seeking out cheaper duplicates, or “dupes,” of pricey products — was
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Ray is 85, widowed, and lonely. He lives alone and has two homes in different states. He goes back and forth between them.Ray’s son and daughter were very alarmed when they found out about their Dad giving personal information and money to scammers. He is diagnosed with dementia, in the earlier stage. He’s also very
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Even legislators with a keen interest in protecting the U.S. corporate tax base from profit shifting should probably resist the urge to jump into the middle of Microsoft’s high-profile transfer pricing dispute with the IRS. Microsoft’s recent disclosure that the IRS believes the company paid $28.9 billion less in corporate income taxes than it owed
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