There’s a lot of misinformation surrounding new IRS cash app rules that went into effect January 1, 2022, and many users worry their transactions on apps like PayPal, Zelle, Cash App, or Venmo will be taxed. Social media posts, like this tweet that was published on September 15, have claimed that starting January 2022, if
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Nosystem Images | E+ | Getty Images A college education was supposed to help close the wealth gap for Black Americans. Yet, researchers are finding the opposite is true, thanks to student loan debt. Black families’ median wealth is less than 15% of that of white families, according to the Federal Reserve’s 2019 Survey of
Ben Rains dives into the economy and the stock market with S&P 500 now officially in a bear market. Despite the uncertainty and the selling, investors with long-term outlooks might want to consider buying stocks for their long-term portfolios because bear markets bring with them tons of great opportunities. (0:45) – Stock Market Update: Everything
In this article WBD Actor Ezra Miller arrives at the premiere of Warner Bros. Pictures’ ‘Justice League’ at Dolby Theatre on November 13, 2017 in Hollywood, California. Axelle | Bauer-Griffin | Filmmagic | Getty Images It’s time for Warner Bros. Discovery to talk about Ezra Miller, according to crisis management experts. The actor, who portrays
In this article SGEN UTZ 9618-HK The Kroger supermarket chain’s headquarters is shown in Cincinnati, Ohio. Lisa Baertlein | Reuters Check out the companies making headlines in midday trading Friday. Seagen — Shares of the biotech company surged more than 16.1% following a Wall Street Journal report that pharmaceutical company Merck is considering buying Seagen.
Valentyn Semenov / Eyeem | Eyeem | Getty Images While many filers dread tax season, Americans living abroad face even bigger yearly burdens – and those are frustrating enough that some want to ditch their U.S. citizenship. Roughly 1 in 4 American expatriates is “seriously considering” or “planning” to renounce their U.S. citizenship, according to
Thomas Barwick Finding a broker or financial advisor you can trust may, at times, seem a daunting task. That’s especially true when investors see sensational stories of brokers fleeing the police in an underwater getaway or faking their death in an airplane crash. Then there are the high-profile fraudsters such as Bernie Madoff, who masterminded
Brex Co-Founder & CEO Henrique Dubugras speaks onstage during TechCrunch Disrupt San Francisco 2019 at Moscone Convention Center on October 02, 2019 in San Francisco, California. Steve Jennings | Getty Images Brex, the Silicon Valley lender to start-ups, is dropping tens of thousands of small business customers to focus on bigger venture-backed clients, according to
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SpaceX CEO Elon Musk participates in a postlaunch news conference inside the Press Site auditorium at NASA’s Kennedy Space Center in Florida on May 30, 2020, following the launch of the agency’s SpaceX Demo-2 mission to the International Space Station. NASA/Kim Shiflett SpaceX has fired at least five employees involved in circulating a letter around
Chinese President Xi Jinping spoke Friday via video at the St. Petersburg International Economic Forum’s plenary session, which Russian President Vladimir Putin opened with a speech over an hour long. This picture is from Putin’s visit to Beijing in early February 2022. Alexei Druzhinin | AFP | Getty Images BEIJING — Chinese President Xi Jinping
Calling all brainiacs: Bill Gates wants people with high IQs to work for climate-friendly businesses instead of flocking to Wall Street. At a recent TechCrunch event, Gates spoke about how his climate-focused fund, Breakthrough Energy, has attempted to lure the types of high-IQ employees who’d otherwise be seeking lucrative gigs in fields like investment banking.
Students participate in the Global Climate Strike march in New York City. Johannes Eisele | Afp | Getty Images As the bull market flourished in 2021, many investors took a shine to investments that reflected their values. Environmental, social and corporate governance — or ESG — investments attracted record levels of new assets. Last year,
The taxation of large companies has been in the spotlight recently as governments around the world have sought to make significant changes to how corporate profits are taxed in a global economy. Last year more than 130 jurisdictions agreed to an outline of policies that would change where companies pay taxes and institute a global
Getty Images For homeowners, big projects and purchases may be another casualty of rampant inflation, new research suggests. Overall, 60% of homeowners in a recent survey are less comfortable making large purchases for their home or household because of rising prices, according to Hippo Insurance’s 2022 Homeowner Preparedness Report. And 43% either strongly (14%) or
An American Eagle aircraft taxis as a Southwest Airlines aircraft lands at Reagan National Airport in Arlington, Virginia, January 24, 2022. Joshua Roberts | Reuters Packed planes. Sky-high airfare. An end to Covid testing for international arrivals. So much is going in airlines’ favor these days — except their share prices. The sector’s latest drop
Investors may want to consider a special fund focused on high dividend yielding large-caps, according to a leading ETF fund manager. Christian Magoon believes his firm’s actively managed Amplify CWP Enhanced Dividend Income ETF (DIVO) will provide upside to investors during this volatile and inflationary market backdrop. It’s described as an enhanced dividend income ETF
The UAE is tackling this issue of work-life balance and the government recently rolled out a 4.5-day working week for Emirati government employees. Laszlo Szirtesi | Getty Images News | Getty Images They say it’s risky playing with a winning formula — especially when that formula results in massive revenue for Covid-battered restaurants and is
Michigan Gov. Gretchen Whitmer addresses the state during a speech in Lansing, Michigan on Oct. 8, 2020. Michigan Office of the Governor via AP Michigan is now officially the 14th state in the U.S. to guarantee that its students have access to a personal finance education course before high school graduation. On Thursday, Gov. Gretchen
Fixed asset investment data for the first five months of 2022 showed real estate investment declined at a greater scale than it did during the first four months of the year. Pictured here on May 16 is a development in Huai’an City in Jiangsu province in east China. CFOTO | Future Publishing | Getty Images