economy

The new tax will be adjusted when Social Security recipients in these states file their federal income tax returns. However, some states are working to extend exemptions to qualifying seniors.

Niloy Chakrabarti Sep 20, 2024

The woman is exploring ways to recover her money after her ex-husband exploited their joint account to transfer her business savings to his personal accounts throughout the marriage. He didn't even spare her Visa business card.

Niloy Chakrabarti Sep 20, 2024

A dozen insurance industry groups have secured national stay orders from two Federal courts on a new retirement protection regulation that compels agents to sell products in their client's best interests during 401(k)-IRA rollovers.

Niloy Chakrabarti Sep 18, 2024

A Goldman Sachs report revealed that Democratic nominee Kamal Harris's economic agenda is positioned to boost the US economy by creating more jobs, lowering living costs, and imposing tax hikes on conglomerates and the wealthy.

Niloy Chakrabarti Sep 16, 2024

US Vice President and Democratic nominee Kamala Harris plans to lower living costs through several measures, including lowering grocery prices, introducing child tax credits, and offering downpayment assistance for first-time homebuyers.

Niloy Chakrabarti Sep 13, 2024

Lou, a final-year student working full-time in the tech sector, had to pay off her $16 outstanding BNPL debt and $38,000 in HECS student loans before securing a mortgage.

Niloy Chakrabarti Sep 13, 2024

Americans increasingly value time over money as the definition of wealth for younger generations rapidly shifts to spending more time with friends and family.

Niloy Chakrabarti Sep 05, 2024

The Biden Administration's latest pay raise announcement is lower than the 4.6% hike at the end of 2022 and 5.2% at the end of last year.

Niloy Chakrabarti Sep 04, 2024

More UK homeowners seek financial assistance from charities and lenders as their fixed-rate mortgage deals end this year. The new, higher rates are expected to hike payments by an average of £1,800 annually, raising risks of defaults and more outstanding balances with arrears.

Niloy Chakrabarti Aug 27, 2024

The trash and dumpster cleaning services industry benefits from intrinsic factors like a growing population, densely populated areas, and environmentally conscious consumers and lawmakers calling for sustainable practices.

Niloy Chakrabarti Aug 24, 2024

Buffett invested heavily in the Class A shares of Heico Corporation, which continues to post record net sales and income growth while returning value to investors via cash dividend hikes.

Niloy Chakrabarti Aug 21, 2024

During Redfin's Q2 earnings call, CEO Glenn Kelman said he is surprised about the muted real estate market activity despite mortgage rates consistently declining in recent months.

Niloy Chakrabarti Aug 14, 2024

Gold prices hover near record highs as disappointing tech earnings, growing Israel-Iran tensions, and signs of weakness in the US economy stirred volatility in global stock markets.

Niloy Chakrabarti Aug 03, 2024

Intel will deploy over a $10 billion cost-cutting plan to strengthen its balance sheet and accelerate plans for AI chips and the foundry business.

Niloy Chakrabarti Aug 02, 2024

Michael Cembalest sees the driverless car backlash coming from citizens, the Russia-Ukraine war continuing despite Russia losing two-thirds of its tanks, and more severe power outages in the US.

Niloy Chakrabarti Jul 23, 2024

High inflation and rising California fires have led State Farm to propose homeowners insurance rate hikes. At the same time, many insurers remain hesitant to return to the state due to rapid climate change.

Niloy Chakrabarti Jul 12, 2024

Since the S&P 500's inception in 1957, there have been 16 presidential elections, half of which had incumbents running for their second terms.

Niloy Chakrabarti Jul 11, 2024

The Nobel laureates think former President Donald Trump's re-election will reignite inflation and have a destabilising effect on the US economy.

Niloy Chakrabarti Jul 02, 2024

Steve Eisman believes that the demand for AI and infrastructure is pushing the economy to new heights, and Apple has a central role in it.

Niloy Chakrabarti Jun 17, 2024

Leading chipmaker and AI player Nvidia announced a 10:1 stock split for the company's common stock that will take place on June 7.

Niloy Chakrabarti May 28, 2024

JPMorgan CEO Jamie Dimon thinks the odds of a recession are higher than people think despite markets reaching record highs and the consensus rooting for a sustained bull run.

Niloy Chakrabarti May 27, 2024

Billionaire Ray Dalio's fund boosts tech holdings to 17% of the total portfolio in Q1 by investing heavily in Nvidia, Alphabet, Apple, Microsoft, Meta, and Amazon.

Niloy Chakrabarti May 24, 2024

Cathie Wood splurged millions in biotech this year on strong clinical progress, AI adoption, sales growth, wider outreach, and steady product pipelines.

Niloy Chakrabarti May 23, 2024

Renowned investor Ken Griffin upped his stake in Amazon rapidly as the tech firm continues to leverage AI in AWS and e-commerce to boost sales and net income.

Niloy Chakrabarti May 21, 2024

Michael Burry's latest Q1 filings show he wagered $7.6 million on gold via a fund that allows him to redeem units in actual physical gold.

Niloy Chakrabarti May 20, 2024

Analysts share how overvalued AI companies, tech adoption, higher rates, inflation, and growing corporate earnings affect stock and bond returns in the future.

Niloy Chakrabarti Apr 29, 2024

Blacklisted debtors in China may feel trapped in the system as the government can hold their salary to recoup the money they owe.

Niloy Chakrabarti Apr 18, 2024

As a senior manager at a pharmaceutical firm, Angela Bolt's student loans began at $34,000, but have grown to an overwhelming $528,152 over the years.

Niloy Chakrabarti Apr 17, 2024

Walmart now charges customers £76 ($98) per year for access to self-checkout lanes, sparking debate over anti-theft measures versus revenue generation.

Jeronimo Toro Pizano Mar 12, 2024

According to the Kiel Institute for the World Economy, since Russia launched its full-scale invasion of Ukraine in February 2022, the US has provided Ukraine with $74.3 billion in aid.

Danielle Summer Feb 26, 2024