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Amid record surpluses, Michigan lawmakers are looking to give relief to taxpayers and enhance the state’s competitive standing. Senate Bill 786, which recently reported from committee, would reduce both the corporate and individual income tax rates to 3.9 percent as of January 1, 2022. It would also create a tax credit of $500 for each
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Source: Tonal Tonal, known for its $2,995 at-home gym, is using a Super Bowl ad to make a point to women that they can use strength training equipment just like men. A new campaign starring tennis champion Serena Williams, who was also an early Tonal investor, aims to debunk the idea that women will get
In this article YUM Customers wearing Taco Bell foam taco hats exit the company’s restaurant, a unit of Yum! Brands Inc. in Bangkok, Thailand. Brent Lewin | Bloomberg | Getty Images Yum Brands on Wednesday reported mixed results for its fourth quarter as higher costs weighed on profits, leading to an earnings miss. Shares of
Atlanta Federal Reserve President Raphael Bostic said Wednesday he anticipates hiking interest rates three or four times this year, but he stressed that the central bank isn’t locked into a specific plan. Speaking on CNBC’s “Squawk Box,” the policymaker signaled a view that is less aggressive than the market’s on rates. “In terms of hikes
Gary Gensler, chairman of the Commodity Futures Trading Commission (CFTC), speaks during a Senate Banking Committee hearing in Washington, D.C., U.S., on Tuesday, July 30, 2013. Andrew Harrer | Bloomberg | Getty Images Securities and Exchange Commission Chairman Gary Gensler kicked off an ambitious regulatory agenda this year – and his agency is pushing forward
Dean Mitchell | E+ | Getty Images Most people don’t know the first thing about the Secure Act and yet it has great impact on their retirement planning. With little fanfare, the Secure Act (Setting Every Community Up for Retirement Enhancement Act) was signed into law on Dec. 20, 2019. It’s an important piece of
A flag at a 7-Eleven gas station in Lawrenceville, New Jersey, advertises a Cash2Bitcoin ATM in March of 2021. Suzanne Barlyn | Reuters The stereotypical cryptocurrency owner is a high-earning white male. However, research finds that other demographics — particularly minorities — are also turning to bitcoin and other cryptocurrencies. A recent survey conducted by
A sign advertising an open house in Corona Del Mar, California. Scott Mlyn | CNBC Mortgage rates have been rising since the start of the year, but buyers at first seemed unfazed, some even rushing to get in before rates moved higher. Now buyers are pulling back. Mortgage applications to purchase a home dropped 10%
Raising kids is expensive. Thankfully, becoming a parent comes with some valuable tax breaks — most notably, the Child Tax Credit (CTC). What is the Child Tax Credit? The CTC is a tax credit for parents of dependent children designed to help offset the cost of raising kids. For tax year 2021, the CTC is
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In this article EPC Edgewell Personal Care CEO Rod Little told CNBC on Tuesday he expects demand for the company’s care and grooming products to increase in the coming months, as the intensity of the coronavirus pandemic wanes. “I would guess by the time we get to late spring, summer in our categories, you’re going
In this article LYFT Lyft CEO Logan Green (C) and President John Zimmer (LEFT C) applaud during the Nasdaq opening bell ceremony celebrating the company’s initial public offering (IPO) on March 29, 2019 in Los Angeles, California. Mario Tama | Getty Images News | Getty Images Lyft reported fourth-quarter results after the bell on Tuesday.
Daniel Acker | Bloomberg | Getty Images Check out the companies making headlines after the bell: Chipotle — Shares of the Mexican fast-food chain rose more than 8% in after-hours trading after the company reported quarterly earnings that topped analyst expectations. Menu price hikes helped offset inflation without hurting customer demand. However, Chipotle said it
Zoom In IconArrows pointing outwards If you’re one of the millions of Americans who own cryptocurrency, there’s a key question to answer this tax season. Over the past couple of years, the IRS has stepped up crypto reporting with a yes-or-no question about “virtual currency” on the front page of your tax return. The question
mediaphotos | E+ | Getty Images Tax filing season is underway. Most Americans should be able to file their 2021 tax returns to the IRS for free. About 100 million Americans, or roughly 70% of people filing taxes in the U.S., are eligible to submit their tax returns to the IRS at no cost, according
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Ben Rains explores where the market stands at the moment after a dismal January and a strange early part of February, highlighted by solid comebacks from some mega-cap technology stocks and huge double-digit falls from others. Given this volatile backdrop and rising interest rates, investors might want to consider buying top-ranked stocks that pay a
In this article DCFC TSLA US President Joe Biden, speaks about rebuilding manufacturing on February 8, 2022, from the South Court Auditorium in Eisenhower Executive Office Building, in Washington, DC. Brendan Smialowski | AFP | Getty Images President Joe Biden publicly acknowledged Tesla for the first time in his presidency on Tuesday, noting the company’s