As you’re wrapping up your finances this year, you may want to take advantage of a few investment and tax strategies that could become more expensive or go away altogether in 2022. Financial advisors, retirement consultants and tax experts recommend these savvy money moves to make now — or at least by Dec. 31 —
Construction workers frame a new home being built by CastleRock Communities in the Sunfield neighborhood of Buda, Texas, U.S., on Wednesday, Nov. 10, 2021. Matthew Busch | Bloomberg | Getty Images Surprisingly strong housing demand, even in the usually slower season for housing, has homebuilders feeling increasingly confident. Builder sentiment in the single-family housing market
Despite the rise of the omicron variant, the travel industry is showing signs a recovery is underway. OlgaKhorkova | iStock Editorial | Getty Images After a year of heavy losses, the travel industry is finally showing some signs of bouncing back — even as the emergence of the Covid-19 omicron variant has led some countries
Workers in front of the People’s Bank of China (PBOC) in Beijing, China, on Monday, Dec. 13, 2021. Andrea Verdelli | Bloomberg | Getty Images BEIJING — China’s retail sales missed expectations in November, while industrial production beat, the National Bureau of Statistics said Wednesday. Retail sales for November grew by 3.9% from a year
A Falcon 9 rocket is displayed outside the Space Exploration Technologies Corp. (SpaceX) headquarters on January 28, 2021 in Hawthorne, California. Patrick T. Fallon | AFP | Getty Images A female former employee of Elon Musk’s SpaceX alleged in an essay published Tuesday that the space company’s workplace is “rife with sexism” and that its
Tetra Images | Getty Images Thousands of taxpayers may still be waiting for a tax refund on unemployment benefits collected during the Covid pandemic, as the IRS grapples with a backlog of tax returns. The American Rescue Plan Act, a pandemic relief law, waived federal tax on up to $10,200 of unemployment benefits a person
Lithium prices have more than doubled this year; we discuss why and how investors can play the trend. 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
CNBC’s Jim Cramer said Tuesday investors need to confront a “new formula” for identifying winning stocks as long as Wall Street remains worried about the Federal Reserve tapping the brakes on the hot U.S. economy. “We have to get used to shrinking valuations for fast growers, especially the ones that trade on a price-to-sales basis,”
Investor Peter Boockvar slammed the Federal Reserve over surging inflation that’s driving up the cost of essential, big-ticket items. As Fed policy makers gather for their two-day meeting on interest rates, Boockvar warned there’s little they can do to cool prices. “Monetary policy mostly and pretty much predominantly influences the demand side of the economy,
Elon Musk, CEO of Tesla and SpaceX, has consistently supported dogecoin, a meme-inspired cryptocurrency. He’s invested in it, along with bitcoin and ether, he said in October. But to Musk, dogecoin has an advantage over bitcoin and other cryptocurrencies: He sees dogecoin as the best cryptocurrency to transact with. “Fundamentally, bitcoin is not a good
Liu Guanguan | China News Service | Getty Images News that inflation rose to a historic high in November probably comes as no surprise to retirees. But they may be in for another shock when they receive their monthly Social Security checks in January. The Social Security Administration announced in October that beneficiaries will get
Homes in Elgin, Illinois. Daniel Acker | Bloomberg | Getty Images American homeowners are house rich, sitting on a record amount of home equity. Taking advantage of all that extra cash, however, becomes more difficult as interest rates rise. Soaring housing demand over the past year and a half, driven in large part by the
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As the Senate weighs changes to the spending and tax portions of the Build Back Better Act, the Congressional Budget Office (CBO) and Tax Foundation find the bill would increase the cumulative budget deficit over the next 10 years—contrary to claims the legislation is “fully paid for.” The deficit impact may contribute to short-run inflation
In this article TSLA SpaceX owner and Tesla CEO Elon Musk arrives on the red carpet for the Axel Springer Award 2020 on December 01, 2020 in Berlin, Germany. Britta Pedersen | Getty Images Elon Musk’s sale of $906 million in Tesla stock Monday brings him one step closer to his ultimate sales goal. The
In this article DOGE.CM= Host Elon Musk during the monologue on Saturday, May 8, 2021. Will Heath | NBCUniversal Remember dogecoin? The meme-inspired cryptocurrency skyrocketed more than 20% Tuesday morning after Elon Musk said Tesla would accept dogecoin as payment for some of its merchandise. “Tesla will make some merch buyable with Doge & see
Since the start of the pandemic, billionaire health philanthropist Bill Gates has been a target for bizarre Covid conspiracy theories. Now, Gates says, those rumors and pieces of disinformation are keeping many Americans from getting vaccinated against Covid — and delaying the end of the pandemic by doing so. In a blog post last week,
In this article MRO XOM MUR krisanapong detraphiphat | Moment | Getty Images In recent years, many financial advisors have been cautious talking to clients about energy companies. So much so that it’s become almost taboo. Undoubtedly, environmental, social and corporate governance concerns have played a part, with a burgeoning number of investors now more
A satellite image shows TD Bank Ballpark submerged in flood, after Hurricane Ida swept through the Bridgewater Township in New Jersey, September 2, 2021. Maxar Technologies | Handout via Reuters The commercial real estate industry faces an intensifying threat from flooding, which is likely to lead to billions of dollars in increasing costs, a new