Getty Images You may have heard that many taxpayers are in for a big surprise this tax season if they’re banking on a big refund check — or one that’s even close to the amount they received last year — but that’s more of a “tax myth” than reality. Last year, according to the IRS,
Massachusetts Institute of Technology (MIT) campus in Cambridge, Massachusetts (Photo: Bloomberg / Getty Images) With an acceptance rate of just under 4%, Massachusetts Institute of Technology is considered the ultimate dream school, according to a new survey of college-bound students and their families. However, it’s not only one of the hardest schools to get into
Brandon Bell | Getty Images Timing is everything, especially when it comes to real estate. But finding the perfect time to sell your home — especially if it’s your first time — may be a challenge as the residential real estate market fluctuates. A recent survey from Zillow finds 84% of first-time home sellers wish
In this article SBGI Follow your favorite stocksCREATE FREE ACCOUNT The Ohio Cup Trophy on top of a Bally Sports logo prior to a game between the Cincinnati Reds and Cleveland Guardians at Progressive Field on May 17, 2022 in Cleveland, Ohio. George Kubas | Diamond Images | Getty Images Diamond Sports Group, the largest
In this article SIVB Follow your favorite stocksCREATE FREE ACCOUNT Silicon Valley Bank’s collapse could have ramifications for the technology landscape over the coming years, analysts and investors said. Nikolas Liepins | Anadolu Agency | Getty Images Silicon Valley Bank was the backbone of many startups and venture capital funds around the world. The effects
Chinese tourists are raring to travel again. But this time, the usual suspects — Venice, Paris and Madrid, for example — aren’t their top picks. As China’s reopening gains momentum after three years of Covid-19 restrictions, the country’s travel-hungry citizens are emerging much changed, according to the Chinese Outbound Tourism Research Institute, an independent consulting company
A customer shops at a grocery store in Brooklyn on Feb. 14, 2023. Michael Nagle/Xinhua via Getty Images The annual inflation rate in February continued its gradual cooling trend, though it remained well above policymakers’ target. Inflation is a measure of how quickly prices are rising or falling in the U.S. economy. related investing news
In this article TSN Follow your favorite stocksCREATE FREE ACCOUNT A package of Tyson Foods Inc. chicken is arranged for a photograph in Tiskilwa, Illinois. Daniel Acker | Bloomberg | Getty Images Tyson Foods will close two chicken plants in May, affecting nearly 1,700 employees. “While the decision was not easy, it reflects our broader
In this article IEP Follow your favorite stocksCREATE FREE ACCOUNT Carl Icahn at the 6th annual CNBC Institutional Investor Delivering Alpha Conference on September 13, 2016. Heidi Gutman | CNBC Famed investor Carl Icahn believes the U.S. economy is in trouble because of poor corporate leadership and stubbornly high inflation. “The system is breaking down, and
Silicon Valley Bank CEO Greg Becker sold nearly $30 million of stock over the past two years, raising new questions over insider stock sales. Becker sold $3.6 million worth of shares on Feb. 27, just days before the bank disclosed a large loss that triggered stock slide and collapse. The sale capped two years of
Despite the 2008 financial crisis, bank failures are considered extremely rare. However, the unexpected shutdowns of Silicon Valley Bank and Signature Bank have many consumers concerned about their deposits, their bank and the U.S. banking system. “Every American should feel confident their deposits will be there if and when they need them,” President Joe Biden said Monday in an address aimed at
Damircudic | Getty Images One of the ground rules for individual retirement account contributions is you must have “earned income,” such as wages or salary from a job or self-employment earnings. But there’s a special exception, known as a spousal IRA, which allows you to contribute based on your spouse’s earnings if you file taxes
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In this article BA Follow your favorite stocksCREATE FREE ACCOUNT An employee works on the tail of a Boeing Co. Dreamliner 787 plane on the production line at the company’s final assembly facility in North Charleston, South Carolina. Travis Dove | Bloomberg | Getty Images Boeing said Tuesday that it has reached a deal to
In this article FRC UBER DASH BZFD HON UAL Follow your favorite stocksCREATE FREE ACCOUNT A traveler walks toward the Uber rideshare vehicle pickup area at Los Angeles International Airport (LAX) on February 8, 2023 in Los Angeles, California. Mario Tama | Getty Images Check out the companies making headlines before the bell: First Republic
In this article SCHW Follow your favorite stocksCREATE FREE ACCOUNT Ron Baron, founder of Baron Capital Anjali Sundaram | CNBC Longtime investor Ron Baron said he bought the dip in Charles Schwab during Monday’s double-digit sell-off, CNBC’s Becky Quick reported. The 79-year-old investor said he “modestly increased” his position in the financial name, seeing Monday’s
It’s been a tough time for cryptocurrency but, despite volatility, you still need to know how the technology works, said Douglas Boneparth, a certified financial planner based in New York. The digital currency market dropped by nearly $1.4 trillion in 2022, following a cascade of bankruptcies and liquidity issues, including the high-profile collapse of crypto
In this article TMUS Follow your favorite stocksCREATE FREE ACCOUNT Sopa Images | Lightrocket | Getty Images WASHINGTON — SpaceX plans to begin testing its Starlink satellite-to-cell service with T-Mobile this year, an executive of Elon Musk’s company said Monday. “We’re going to learn a lot by doing — not necessarily by overanalyzing — and
In this article SBNY Follow your favorite stocksCREATE FREE ACCOUNT The dramatic drop in regional bank stocks is a key entry point for investors, according to analyst Christopher Marinac. Marinac, who serves as Director of Research at Janney Montgomery Scott, believes the group’s decline over the past week provides an attractive entry point for investors