One of the defining challenges of our time is the growing problem of economic inequality in the United States. In 2021, the top ten percent of Americans held nearly 70 percent of U.S. wealth, up from about 61 percent in 1989. The share held by the next 40 percent dropped correspondingly over that period, while
From toxic products to general safety hazards—one of the most dangerous places for babies can be their nursery. Fortunately, the Consumer Product Safety Commission has declared September as National Baby Safety Month to spread awareness of this issue. But just because a product is safe, doesn’t mean it’s aesthetic to parents or compliments a room.
In this article DIS PARA CMCSA WBD Follow your favorite stocksCREATE FREE ACCOUNT Striking members of the Writers Guild of America and supporters march towards La Brea Tar Pits, Los Angeles, CA. Irfan Khan | Los Angeles Times | Getty Images Hollywood’s writers and studios have a preliminary labor agreement. Talks between the Writers Guild
Jose Luis Pelaez Inc | Digitalvision | Getty Images There are a lot of opportunities to minimize your tax burden when it comes to retirement planning. Of course, making the most of tax-advantaged accounts is a key aspect of any retirement strategy. Some employer-sponsored plans such as 401(k)s allow you to make contributions on either
Striking members of the Writers Guild of America picket with striking members of SAG-AFTRA, the actors guild, outside Paramount Studios in Los Angeles, Sept. 18, 2023. Mario Tama | Getty Images Check out the companies making headlines before the bell. AstraZeneca — Shares rose 1.4% after Jefferies upgraded the stock to buy from hold. The
What’s the return on new money spent for tax enforcement? Over the years, the IRS has answered that question with a range of estimates: 7 to 1, 9 to 1, 11 to 1. During a particularly bitter 1947 debate, the Truman administration insisted on a 20-1 ratio. But Congress was having none of it. After
A fortune teller predicting the future to a passer-by. Luis Acosta | Afp | Getty Images SINGAPORE — When it comes to looking for perfect hires, it’s not just work experience and resumes that are scrutinized. For some employers in Singapore, the day and time the candidates were born are just as important. To determine
The co-founders of Silent Eight, from left to right: Michael Wilkowski, Julia Markiewicz and Martin Markiewicz. Silent Eight WARSAW — When it comes to financial crime, banks can often be “one decision away from a huge mess,” Martin Markiewicz, CEO of Silent Eight told CNBC. That’s because the risk of fines and reputational damage is high
IRS Commissioner Daniel Werfel testifies before the Senate Finance Committee on April 19, 2023. Chip Somodevilla | Getty Images Roughly one year after Congress approved tens of billions in IRS funding, the agency has unveiled plans to crack down on tax preparers with “questionable practices.” The news comes amid heightened scrutiny of a popular small
In this article AVGO PEG SO CVX BMY Follow your favorite stocksCREATE FREE ACCOUNT Michael Wirth, CEO of Chevron. Adam Jeffery | CNBC Dividend-paying stocks can help enhance portfolio returns, but investors will need to perform their due diligence as they sift through the names. Investors should carefully assess these companies by paying attention to
“I know what the numbers say,” more than one client has told me after looking at a positive statistical analysis suggesting they’ll not likely run out of money, “but I just don’t know how to be comfortable spending in retirement.” And who could blame them? Half of the financial world focuses on how woefully underprepared
In the Colorado town of Telluride, life revolves around the mountains. The same could be said of an expansive home on 70 acres that was designed to capture panoramic views of the surrounding alpine peaks. The 9,000-square-foot home, built in 2010, is on the market for $8 million. Telluride Real Estate Corp. The 9,000-square-foot spread
A “For Sale” sign is displayed in front of a home in Arlington, Virginia, on August 22, 2023. Andrew Caballero-Reynolds | AFP | Getty Images Sales of previously owned homes fell 0.7% in August from July to a seasonally adjusted, annualized rate of 4.04 million units, according to the National Association of Realtors. Sales were
If you’re making $80,000 per year, the thought of racking up $1 million for retirement might seem daunting. But with a little dedication and the right timing, it’s likely within reach — if you stick to a clear plan. As a rule of thumb, most financial advisors suggest that you save 10% to 15% of
Hundreds of people lined up at a flagship Apple store in Beijing to pick up the new iPhone 15 when deliveries began on Friday. CNBC | Evelyn Cheng BEIJING — People flocked to a flagship Apple store in downtown Beijing on Friday morning to pick up the latest iPhone, despite market worries that nationalistic fervor
The Internal Revenue Service (IRS) recently announced a major policy shift that could have a huge impact on the wealthiest individuals in the US. On September 20, 2023, the IRS announced the creation of a new pass-through group with the sole purpose of targeting the top 1% of income earners. This new move could represent
Saudi Arabian Crown Prince Mohammed bin Salman Al Saud attends Partnership for Global Infrastructure and Investment event on the day of the G20 summit in New Delhi, India, September 9, 2023. Evelyn Hockstein | Reuters Saudi Crown Prince Mohammed bin Salman embraced accusations of “sportswashing” to rehabilitate the country’s image, as the kingdom beefs up
Getty Images If you want a good deal on airfare for the fall and winter holidays, get ready to book. “The best time to book is between today and the second week of October, as prices are low and there are a lot of seats left to book,” Hayley Berg, lead economist at Hopper, said Thursday.
In this article Follow your favorite stocksCREATE FREE ACCOUNT A shopper for Instacart navigates through the aisles as she shops for a customer. Cyrus McCrimmon | Denver Post | Getty Images The Great IPO Reopening may be on hold: rising rates and lower stocks are an IPO killer. A combination of still-high valuations, a mediocre
The IRS announced on September 14, 2023 a processing moratorium on new employee retention credit (ERC) claims. This means that it will not process any newly filed ERC claims until it works through its backlog of more than 600,000 claims, which it estimates will not occur until next year. The moratorium does not mean that