Tax Notes Capitol Hill reporters Cady Stanton and Doug Sword preview what to expect from Congress in tax policy this fall, from a potential end-of-year tax package to IRS funding. 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
In this article DIS Follow your favorite stocksCREATE FREE ACCOUNT Illustration by Elham Ataeiazar After pushing back his retirement four times, Bob Iger finally made the leap. On Feb. 25, 2020, he announced he would step down as Disney’s CEO. His hand-picked successor, Bob Chapek, then Disney’s parks chairman, would take over the day-to-day job
In this article WFC Follow your favorite stocksCREATE FREE ACCOUNT Senator Bill Cassidy, R-La., seen at the U.S. Capitol on Feb. 11, 2021. Joshua Roberts | Reuters Republican senators Bill Cassidy, M.D., of Louisiana; John Thune of South Dakota and more than a dozen other GOP colleagues introduced a Congressional Review Act resolution this week
Getty Images When it comes to earning a decent yield on their savings, consumers may wonder: Should I choose a money market fund or a high-yield savings account? The purpose of each is similar. They generally serve as repositories for emergency funds or savings earmarked for the short term, perhaps to buy a car, home
Federal Reserve Bank of Boston President Susan Collins stands behind the Jackson Lake Lodge in Jackson Hole, where the Kansas City Fed holds its annual economic symposium, in Wyoming, August 24, 2023. Ann Saphir | Reuters Boston Federal Reserve President Susan Collins on Wednesday advocated a patient approach to policymaking while saying she needs more
I’ve been a professor of economics for nearly 40 years. My goal has always been to make the subject as accessible as possible for everyone, on both a personal and global level. One of the biggest lessons I share with my students — and people who ask me for personal finance tips — is that
The retirement savings landscape experienced a radical transformation with the enactment of the SECURE Act 2.0 at the end of 2022. This groundbreaking legislation introduced a wave of changes, setting new precedents for retirement savings programs, most notably for Roth 401(k) account holders. The Act is considered a significant leap forward, encouraging more Americans to
In this article HZNP AMGN Follow your favorite stocksCREATE FREE ACCOUNT Robert Galbraith | Reuters The Federal Trade Commission last week allowed Amgen to move forward with its $27.8 billion acquisition of Horizon Therapeutics under a settlement agreement – a move that could have ramifications for a string of other pharmaceutical industry buyouts. Some Wall
The latest jump in Treasury yields is not “death to equities,” BofA Securities’ Savita Subramanian told CNBC’s “Fast Money” on Tuesday. In fact, Subramanian sees the bond move as a positive signal — rather than an ominous sign for the economy. “Companies are refocusing on efficiency and productivity rather than juicing up earnings through leverage
Hundreds of millions of people have crypto investments. A new report shows how many crypto millionaires and billionaires exist. Antonio_diaz | Istock | Getty Images Hundreds of millions of people around the world have some form of crypto holdings, whether that is in bitcoin or one of the many other digital currencies. To be exact,
In the mood for a smoke? If you’re in the Empire State, it’s going to cost you. As of September 1, New York State has the highest cigarette tax in the country. The cigarette tax has increased by $1.00 per pack of 20 cigarettes, from $4.35 to $5.35. That brings a pack of cigarettes to
Taylor Swift performs onstage during her The Eras Tour at Lumen Field in Seattle, July 22, 2023. Mat Hayward/tas23 | Getty Images Entertainment | Getty Images Taylor Swift is already a superstar. Now, she’s about to put up superhero-style numbers at movie theaters. Days after the pop icon announced her Eras Tour concert film would
Drazen Zigic | Istock | Getty Images It’s the end of an era for student loan borrowers. After a three-year reprieve, interest began accruing again on federal education debt as of Sept. 1. In October, millions of borrowers will make their first student loan payment since before the Covid-19 pandemic hit. The pause on student
Westend61 | Westend61 | Getty Images Experts have been pointing to a coming downturn for the U.S. economy. The question was when. Now, however, some firms and experts are walking back those predictions, calling into question the validity of once-trusted recession indicator known as the yield curve inversion. “While it is true that the yield
People celebrate the GitLab initial public offering at the Nasdaq, Oct. 14, 2021. Source: Nasdaq Check out the companies making headlines in after-hours trading. Zscaler — The cloud security stock slipped 1% even after a better-than-expected report for its fiscal fourth quarter and strong current-quarter guidance. Zscaler reported adjusted earnings of 64 cents per share
In a long-awaited and highly controversial decision, the federal Centers for Medicare and Medicaid Services (CMS) has proposed that nursing homes provide at least three hours of staff time daily for every patient or resident. Would it meaningfully improve care at nursing facilities? Not by much. The rule would require facilities to provide enough staff
In recent studies, we’ve analyzed and examined the richest cities in other Deep South states, like Mississippi and Georgia. Here, we’re going to take a look at the richest cities in their mutual neighbor, Alabama. Although the median household income in Alabama — $54,943 — is close to $14,000 less than the median household income
It’s official: The turf war is on. That’s the takeaway from the report on international taxation from U.N. Secretary-General António Guterres, released August 8. The report was prepared in response to a resolution approved by the U.N. General Assembly last year. Curiously, the report is styled as an “advance unedited version,” suggesting that it’s something
In this article ILMN Follow your favorite stocksCREATE FREE ACCOUNT A building on the campus at the world headquarters of Illumina is shown in San Diego, California, Sept. 1, 2021. Mike Blake | Reuters Illumina‘s board on Tuesday named Jacob Thaysen the DNA sequencing company’s new CEO as it tries to rebound from a grinding
After bottoming out below 3% in January 2021, the average rate for a 30-year, fixed-rate mortgage now sits above 7% — which is just too high for many homeowners to consider selling. At today’s rates, most homeowners would need to finance a new home at a higher rate than the rate they currently hold, adding