In this article JWN Shoppers leave a Nordstrom store on May 26, 2021 in Chicago, Illinois. Scott Olson | Getty Images News | Getty Images Nordstrom on Tuesday reported better-than-expected profits and sales for the holiday quarter, prompting the retailer to offer an optimistic outlook for the coming year in spite of ongoing supply chain
The Shanghai branch of the Communist Party newspaper, People’s Daily, on Feb. 27, 2022. Future Publishing | Future Publishing | Getty Images BEIJING — In China, tightly controlled coverage of Russia’s invasion of Ukraine has focused heavily on negotiations. Beijing’s line has been to promote negotiations, as China tries to position itself further away from
Alfa Group Supervisory Board Chairman Mikhail Fridman attends the 2017 Atlases Russian Business Forum at the Crocus City Hall. Artyom Geodakyan | Tass | Getty Images As Europe and the U.S. ratchet up sanctions on the yachts and mansions of Russia’s oligarch elite, some of Vladimir Putin’s ultra-wealthy inner circle have begun speaking out against
Traders on the floor of the NYSE, Feb. 25, 2022. Source: NYSE The VanEck Russia ETF fell 25% in premarket trading Monday as the conflict in Ukraine generated new U.S. sanctions against Russia. On Monday, the Biden administration announced additional sanctions against Russia’s central bank that would effectively prohibit Americans from doing business with the bank and
andresr | E+ | Getty Images A recently introduced bill in Congress has its sights set on preventing a cost that some new Medicare beneficiaries face: late-enrollment penalties. The bipartisan measure, introduced in the Senate, would require the federal government to provide individuals with information about Medicare enrollment rules before they reach the Medicare-eligible age
Kemal Yildirim | E+ | Getty Images You may unknowingly be subsidizing your colleagues’ 401(k) fees. The dynamic is a function of your 401(k) investments and how the retirement plan pays costs for administrative expenses, like those associated with trading and ongoing accounting of workers’ balances. Retirement savers (like the broader investment world) may be
A house’s real estate for sale sign shows an upcoming open house in Washington, DC. Saul Loeb | AFP | Getty Images Mortgage demand stalled last week, as interest rates hit a multiyear high, but that will likely change quickly. Rates are now falling fast due to the Russian invasion of Ukraine. Mortgage application volume
The global minimum tax has upended many conversations about international tax policy, including in the United States. The goal of the policy is to set a worldwide 15 percent minimum effective tax rate on corporate profits and enforce it through a set of interconnected rules. If enough countries adopt those rules, then even those that
Paxlovid, a Pfizer’s coronavirus disease (COVID-19) pill, is seen manufactured in Ascoli, Italy, in this undated handout photo obtained by Reuters on November 16, 2021. Pfizer | Handout | via Reuters President Joe Biden on Tuesday said the Americans who test positive for Covid-19 can receive antiviral pills for free at local pharmacies and community
In this article CRM Marc Benioff, co-founder and chief executive officer of Salesforce.com Inc., pauses during a Bloomberg Television interview at the World Economic Forum in Davos, Switzerland, on Wednesday, Jan. 18, 2017. Simon Dawson | Bloomberg | Getty Images Salesforce topped analysts’ estimates for profit and revenue in its fiscal fourth-quarter earnings report. The
Traders on the floor of the NYSE, Feb. 28, 2022. Source: NYSE Stock futures inched higher on Tuesday night as oil prices surged amid the ongoing conflict between Russia and Ukraine. Futures tied to the Dow Jones Industrial Average rose 94 points, or 0.2%. S&P 500 and Nasdaq 100 futures also added 0.2%. Earnings boosted
When Berkshire Hathaway CEO Warren Buffett speaks with college kids, he offers a piece of valuable career advice: Seek personal fulfilment over pure profit. That means pursuing a job that you actually enjoy, in a workplace with talented people you actively admire, Buffett wrote on Saturday in his annual letter to shareholders. Or, to put
Federal Reserve Chairman Jerome Powell testifies during the House Financial Services Committee hearing titled Oversight of the Treasury Department’s and Federal Reserve’s Pandemic Response, in Rayburn Building on Wednesday, December 1, 2021. Tom Williams | CQ-Roll Call, Inc. | Getty Images If you want to see how tough it is to be Federal Reserve Chair
Nosystem Images | E+ | Getty Images If the stock market’s volatility is worrying you because you’re edging closer to retirement, it may be time to re-evaluate your portfolio. One of the big risks you can face as a new retiree is a persisting market downturn just as you need to start tapping your savings.
A volunteer unloads aid donations for refugees from Ukraine in a school gym in Kroscienko, Poland, on Feb. 27, 2022. Nurphoto | Nurphoto | Getty Images As the conflict between Russia and Ukraine intensifies, the humanitarian crisis is worsening, as well. More than half a million Ukrainians have fled the country since the fighting began Feb. 24,
In this article SRG Eddie Lampert, former CEO of Sears. Source: Sears Holdings Seritage Growth Properties, a real estate investment trust that was spun out of the defunct department store chain Sears in 2015, said Tuesday that it is exploring strategic alternatives for its business. The company also announced that former Sears CEO Eddie Lampert,
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In the coming weeks, we will break down our 2022 State Business Tax Climate Index, released in December, with maps illustrating each of the five major components of the Index: corporate taxes, individual income taxes, sales and excise taxes, property and wealth taxes, and unemployment insurance taxes. Today we look at states’ rankings on the corporate tax component, which accounts
Several U.S. states have announced plans to sever or reconsider their financial ties to Russia, with moves ranging from outright divestment, as in the case of the Connecticut pension system, to restrictions on the sale of Russian vodka in Iowa and Ohio. The rapid-fire decisions in state capitals, by both Republicans and Democrats, came as
Earnings season is winding down but Wall Street will still be tuning into these important reports. Visit our website: https://www.zacks.com Visit our Stocktwits account: https://stocktwits.com/ZacksResearch Check out our weekly promotion: https://www.zacks.com/promo If you’re interested in our services, please check out Zacks Ultimate: https://www.zacks.com/ultimate/?adid=YOUTUBE&cid=sm-YOUTUBE