IRS Targets Wealthy Taxpayers in Loophole Crackdown, Aims to Raise $50 Billion
By closing a significant tax loophole for affluent taxpayers, the IRS may bring in more than $50 billion in revenue over the next ten years. stated on Monday the Treasury Department.
Jun 18, 2024 09:00 PM EDT
Nationwide to Drop Up to 100,000 Pet Insurance Policies Citing Rising Vet Costs
The largest pet insurance company in the US, Nationwide, is discontinuing coverage for around 100,000 animals nationwide, citing the rising expense of veterinarian treatment as the reason for doing so in some regions.
Jun 18, 2024 08:00 PM EDT
Get Credit Card Reward Points Before Cashing In for Travel
Selecting your credit card portfolio is the first step in creating a thorough credit card rewards plan.
Jun 18, 2024 07:28 PM EDT
US, Brazil Pork Producers Eye China Market as EU Faces Scrutiny
According to merchants and economists, if Beijing bans imports from the European Union due to the intensifying trade tensions, pork exporters from South America and the United States may gain market share in China.
Jun 18, 2024 07:25 PM EDT
Social Security Changes: What You Need to Know
You might imagine that Social Security remains mostly unchanged from year to year since it has been in place for so long. However, that's not always the case.
Jun 17, 2024 09:30 PM EDT
Bad Credit, No Problem? Many Banks Offer Accounts to Those With Low Scores
Anyone may experience bad credit, so it doesn't necessarily indicate that they're nasty people. Millions of individuals actually battle with bad credit. According to Experian, 25% of Americans have a credit score that is either extremely low or bad.
Jun 17, 2024 08:30 PM EDT
Candy Prices May Rise as Major Ingredient Soars
A particular area of global agriculture is experiencing pricing pressure, and it's bittersweet. Over the past year, the price of cocoa has more than quadrupled, which has caused a lot of problems for confectioners and other food manufacturers that utilize the ingredient to produce chocolate.
Jun 17, 2024 07:35 PM EDT
Retail Sales Data Eyed as Investors Gauge Consumer Strength Amid Rate Hikes
High interest rates in the US are putting pressure on the retail industry. A few businesses have seen their shares skyrocket, while many others have seen their value eroded by months of strict monetary policy.
Jun 17, 2024 11:50 AM EDT
Musk's $44.9 Billion Tesla Pay Package Dwarfs Typical CEO Compensation
Even though the median U.S. CEO's pay package from the previous year was about 200 times more than that of an employee in the middle of their company's pay range, Elon Musk's record-breaking Tesla salary pales in comparison.
Jun 17, 2024 07:57 AM EDT
Father's Day Gift: Secure Your Child's Future with Smart Investing
Father's Day is coming up on June 16 this year, and as his daughter or son, you might be thinking of ways to make the day unique and unforgettable for that important someone in your life. On this important day, fathers who play a vital role in the family might also try to secure their children's financial future.
Jun 15, 2024 08:50 AM EDT
Millions Face IRS Deadline: Late Payment Could Cost Hundreds
It's possible that some taxpayers won't realize they owe the IRS money on Monday, which might mean they owe them a sizable sum in April of next year.
Jun 15, 2024 07:44 AM EDT
US Industries Demand Hearing on New China Tariffs Imposed by Biden
Numerous pro-trade American industry associations have requested an extension of one month for the Biden administration to provide feedback on their intentions to apply higher tariffs to Chinese imports of solar equipment, electric cars, batteries, and other items. This basically means that the start date of many of the penalties has been postponed until August 1.
Jun 15, 2024 07:02 AM EDT
Is the Bond Market Bloodbath Over? Why Now Might Be the Time to Jump In
Bonds have diverged from their traditional role for several years, a trend largely attributed to the Federal Reserve's efforts to combat inflation by raising interest rates to levels not seen in 23 years
Jun 14, 2024 01:50 PM EDT
Plastic Credit Cards Headed for Extinction
In a rapidly evolving digital landscape, Visa's global head of consumer payments, Mark Nelsen, foresees significant changes that could render traditional plastic cards and their 16-digit account numbers obsolete.
Jun 14, 2024 12:40 PM EDT
How to Negotiate Favorable Terms with Debt Collectors
The Urban Institute reports that over 25% of Americans have outstanding debt. If you fall into this category, a debt collector may send you an uncomfortable deluge of letters and calls. Even while it can be tempting to ignore the calls or throw the letters in the trash, doing so might make the situation worse and possibly result in legal action.
Jun 14, 2024 11:54 AM EDT