Look out for the Social Security tax torpedo. It may be heading toward the hull of your retirement accounts as we speak. And if it hits, you may not even realize it. I’m in favor of taxing Social Security benefits, as the United States has done since 1983. I blogged this week against Donald Trump’s
Wall Street’s enthusiastic reaction Tuesday to solid earnings from Palo Alto Networks reinforced our belief that the cybersecurity stock is getting overextended. Shares advanced more than 8% to roughly $372 each in afternoon trading after Palo Alto late Monday posted better-than-expected fiscal 2024 fourth-quarter earnings and revenue, and delivered an upbeat outlook. The roughly 27%
Shein and Temu. Yuki Iwamura | Bloomberg | Stefani Reynolds | AFP | Getty Images Chinese-linked fast-fashion giant Shein is suing rival Temu, alleging the retailer stole its designs and built an empire using counterfeiting, intellectual property infringement and fraud. The suit, filed Monday in Washington, D.C., federal court, comes as Shein itself fends off
David Paul Morris/Bloomberg via Getty Images Electric vehicles may save consumers money over the long-term relative to traditional gasoline-powered cars. While EVs still tend to cost more upfront to purchase, recurring charges for fuel and maintenance are generally cheaper — adding up to a total lifetime cost that can be lower than that of a
Democratic U.S. presidential candidate, Vice President Kamala Harris, speaks at an Aug. 10 campaign rally in Las Vegas. Justin Sullivan | Getty Images News | Getty Images Affordable housing is a cornerstone of the “opportunity economy” that Vice President Kamala Harris sketched out last week. Harris’ economic policy pitch included proposals to lower the costs
Richard Newstead | Moment | Getty Images LONDON — Britain’s biggest high street lenders are continuing to slash borrowing costs after the Bank of England’s first interest rate cut in four years sparked a boom in homebuyer activity. Barclays, Halifax, HSBC and NatWest are among the lenders now offering five-year fixed rate mortgages of under 4%, below
November 21, 2023November 20, 2023 How High Are State and Local Tax Collections in Your State? Contrary to initial expectations, the pandemic years were good for state and local tax collections, and while the surges of 2021 and 2022 have not continued into calendar year 2023, revenues remain robust in most states and well above
In this article LOW Follow your favorite stocksCREATE FREE ACCOUNT A Lowe’s Home Improvement Warehouse worker collects carts in a parking lot on August 17, 2022 in Houston, Texas. Brandon Bell | Getty Images News | Getty Images Lowe’s on Tuesday cut its full-year forecast, as the home improvement retailer’s quarterly sales declined and it
In this article LLY Follow your favorite stocksCREATE FREE ACCOUNT An Eli Lilly & Co. Zepbound injection pen arranged in the Brooklyn borough of New York, US, on Thursday, March 28, 2024. Shelby Knowles | Bloomberg | Getty Images Eli Lilly’s highly popular weight loss drug reduced the risk of developing Type 2 diabetes by
Mike Lynch, 59, is the founder of enterprise software firm Autonomy. He was acquitted of fraud charges in June after defending himself in a trial over allegations that he artificially inflated Autonomy’s value in an $11.7 billion sale to tech giant Hewlett Packard. Chris Ratcliffe | Bloomberg | Getty Images LONDON — British technology entrepreneur
Monica Muñoz, top, and Denise Denning place black encapsulation material on solar panels at Elin Energys solar panel manufacturing facility on Thursday, April 25, 2024 in Brookshire. Brett Coomer | Hearst Newspapers | Getty Images The Inflation Reduction Act has sparked a manufacturing boom across the U.S., mobilizing tens of billions of dollars of investment,
Sdi Productions | E+ | Getty Images Homeownership has long symbolized the American Dream, embodying stability, wealth creation, and community investment. Yet, for millions of Americans, especially younger generations and first-time homebuyers, that dream is slipping away. Rising home prices, stagnant wages, and restrictive mortgage terms have made it increasingly difficult to take that crucial
Will & Deni Mcintyre | Corbis Documentary | Getty Images The notion of offering free school meals could become a policy issue in the U.S. presidential race, experts say — especially given Vice President Kamala Harris’ choice of Minnesota Gov. Tim Walz as her running mate on the Democratic ticket. The federal government offered K-12
After two rough quarters, Palo Alto Networks on Monday evening delivered the type of earnings report we expect from one of the best cybersecurity companies in the world. The stock rose another 2% in after-hours trading. Revenue during Palo Alto’s fiscal 2024 fourth quarter increased 12% year over year to $2.19 billion, beating the consensus
In this article BA Follow your favorite stocksCREATE FREE ACCOUNT A Boeing 777x aircraft during an aerial display on the opening day of the Farnborough International Airshow in Farnborough, UK, on Monday, July 18, 2022. Jason Alden | Bloomberg | Getty Images Boeing said Monday that it has paused flight tests of its 777X after
In this article BRK.A .SPX @GC.1 Follow your favorite stocksCREATE FREE ACCOUNT Traders work the floor of the New York Stock Exchange on August 16, 2024. Angela Weiss | AFP | Getty Images Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign
A Target store in Queens, New York. Lindsey Nicholson | UCG | Universal Images Group | Getty Images The back-to-school shopping season is in full swing, with the hefty bills to prove it. Nearly one-third — 31% — of back-to-school shoppers said that buying supplies for the new year will put them into debt, according to a
The content creator platform at the 2024 Democratic National Convention in Chicago, Ill. Democratic National Convention staff More than 200 digital content creators will attend the Democratic National Convention in Chicago this week with dedicated “creator credentials” that will grant these influencers special access to the party’s convention. “Bringing creators to our convention will multiply
Governor Newsom signed into law the most significant bipartisan legislation to crack down on property crime at a Home Depot store in San Jose, California, United States on August 16, 2024. Tayfun Coskun | Anadolu | Getty Images California Democratic Gov. Gavin Newsom has signed 10 new bills into law that aim to combat retail
A planned senior care facility next to the Pro Football Hall of Fame was trumpeted a decade ago. Today, no such place exists and the idea seems to have been dropped. In 2014, the Pro Football Hall of Fame announced plans for a $500 million development on its campus in Canton, Ohio. Included in the
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