Hobo_018 | E+ | Getty Images New government inflation data shows the measurement used to calculate Social Security annual cost-of-living adjustments was up 6.3% for the past 12 months as of December. That’s as this year’s 8.7% COLA kicks in for more than 65 million Social Security beneficiaries this month. That new data indicates Social
Key takeaways Inflation fell in December, with the overall Consumer Price Index (CPI) falling 0.1% for the month. It’s the biggest reduction since April 2020, and brings the annual rate of inflation own to 6.5%, from 7.1% last month. The biggest driver of the reduction was lower fuel and gasoline prices, which were down double
Topline The Internal Revenue Service has announced it will begin accepting tax returns on January 23—kicking off the 2023 tax season—and announced other key deadlines for the tax season. Key Facts The IRS has just announced that the start of the 2023 tax season would officially begin on January 23 and is expected to end
As 2023 begins, how should real estate agents best consider profitable avenues to which to dedicate time and resources? Here are a few ideas, starting with the most global and then becoming more specific: Be a good citizen. On the macro level, this may be the most important thing any agent can do. Participate in
In this article DIS Follow your favorite stocksCREATE FREE ACCOUNT Bob Iger, chairman and chief executive officer of The Walt Disney Company, pauses while speaking during an Economic Club of New York event in Midtown Manhattan on October 24, 2019 in New York City. Drew Angerer | Getty Images Activist investor Nelson Peltz spent about
In this article AAL Follow your favorite stocksCREATE FREE ACCOUNT American Airlines shares were up more than 8% in afternoon trading on Thursday after the carrier hiked its revenue and profit estimates for the fourth quarter thanks to strong demand and high fares. Other airlines’ shares also rallied. American said in a securities filing it
Los Angeles, CaliforniaJan. 11, 2023Flights prepare to take off at LAX on Jan. 11, 2023 after an FAA computer problem. Carolyn Cole | Los Angeles Times | Getty Images Check out the companies making headlines in midday trading. Cognizant — Shares of Cognizant rose 8% after the IT company raised its fourth-quarter revenue guidance. It
Porsche shares rose in their stock market debut Thursday, in one of the biggest public offerings in Europe ever. Bloomberg | Getty Images Porsche managed to increase its global deliveries last year by 2.6% despite worldwide supply chain issues that crippled other carmakers as well as sales of its first all-electric car. The German sports
Kentaroo Tryman | Maskot | Getty Images The inflation rate declined in December as consumers saw prices plummet at the gasoline pump, providing another hopeful sign for households that price pressures are continuing to ease from their highest level in decades. Inflation closed out 2022 with a 6.5% annual reading, as measured by the consumer
Key Takeaways The AI hype train has well and truly left the station. But what happens if you add AI hype to crypto hype? Well, that hype train goes from steam powered locomotive to bullet train AI has the potential to fundamentally change the way the crypto universe works, and could solve a lot of
Today’s Social Security column addresses questions about when applications for benefits can be submitted, who might and might not be able to receive spousal benefits and whether investment withdrawals affect Social Security disability benefits. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc. See
The Oregon home of former Portland Trailblazer CJ McCollum has come on the market just outside West Linn, a suburb of Portland. The NBA shooting guard was traded early last year to the New Orleans Pelicans, where he has put on an impressive showing scoring 40 and then 42 points in late December games. Also
In this article SBUX Follow your favorite stocksCREATE FREE ACCOUNT Howard Schultz David Ryder | Reuters Starbucks corporate employees will be returning to the office at least three days a week by the end of the month. Starting Jan. 30, employees within commuting distance will be required to report to the coffee giant’s Seattle headquarters
In this article BTC.CM= Follow your favorite stocksCREATE FREE ACCOUNT Cemile Bingol | Digitalvision Vectors | Getty Images Bitcoin on Thursday surged to its highest price in nearly a month, as traders bet on a U.S. inflation cooldown and digested news that lawyers for defunct crypto exchange FTX found billions of dollars’ worth of assets.
Job hopping is widely considered the best way to improve your career prospects and pay. Sometimes, noncompete clauses stand in the way. These contracts are meant to protect the investments companies have put into their businesses and employees. It’s estimated that more than 30 million workers — or roughly 18% of the U.S. workforce — are required
Key takeaways Tech is the big loser of recessions, while essential goods usually weather the storm. A few industries tend to buck the trend of dipping in recessions to provide consistent dividends. Some stocks have fared well in the last year and could be players to watch, but there’s never any guarantee that any will
It is easy to write off as mere symbolism the House vote to rescind nearly all the $80 billion IRS funding increase Congress approved last year. After all, the bill passed by House Republicans will be ignored by the Democrat-controlled Senate. And it would be vetoed by President Biden if it miraculously got to his
Hidden Hills lives up to its name. “Hidden” because it’s one of Southern California’s most exclusive enclaves that few — except horse lovers and A-list celebrities — have ever heard of. “Hills” because of the natural contours of the Santa Monica Mountains that surround the remote gated community. The town has become especially appealing for
In this article NKE DIS Follow your favorite stocksCREATE FREE ACCOUNT The Walt Disney Company on Wednesday afternoon said it opposes activist investor Nelson Peltz’s attempt to join its board. Disney also named Mark Parker, the executive chairman of Nike, its next chairman. Peltz’s Trian Fund Management confirmed later it had nominated Peltz to Disney’s
In this article FTT.CM= BTC.CM= Follow your favorite stocksCREATE FREE ACCOUNT Tyler Winklevoss, chief executive officer and co-founder of Gemini Trust Co., left, and Cameron Winklevoss, president and co-founder of Gemini Trust Co., speak during the Bitcoin 2021 conference in Miami, Florida, U.S., on Friday, June 4, 2021. Eva Marie Uzcategui | Bloomberg | Getty