Property taxes are an important source of revenue for local and state governments. In fiscal year (FY) 2018 (the most recent year of data available), property taxes generated 31.1 percent of total U.S. state and local tax collections and 71.7 percent of local tax collections. Local governments rely heavily on property taxes to fund schools, roads, police departments, and
In this article GOOGL California Governor Gavin Newsom speaks at the opening of the country’s first federal and state operated community vaccination site during the outbreak of the coronavirus disease (COVID-19) in Los Angeles, California, February 16, 2021. Mike Blake | Reuters California Governor Gavin Newsom pointed to a recent flood of tech IPOs and
Which stocks should you buy in the upcoming Space Race?
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Thefts of cars and catalytic converters — a pricey and essential car part — surged in 2020, adding stress to consumers during an already-trying time. Law enforcement experts, insurance industry insiders, and even mechanics have all seen the spike effect their professions. In 2020, auto thefts increased 9.2% over 2019, according to a study by
In this article KSS Vehicles sit parked in front of a Kohl’s department store in Ashland, Ky. Luke Sharrett | Bloomberg | Getty Images Kohl’s on Thursday reported first-quarter earnings and sales that topped analysts’ estimates, and raised its outlook for the full year. Its stock jumped more than 1% in early trading. Here’s how
The Trade Republic app. Trade Republic LONDON — German stock-trading app Trade Republic said Thursday it raised $900 million in a huge funding round that values the start-up at $5.3 billion. The round, a Series C, was led by American venture capital firm Sequoia, with additional backing from new investors TCV and Thrive Capital. Existing
What’s a trip to Italy without exploring the vaulted passages of the Colosseum, skipping down the Spanish Steps and staring up in wonderous rapture at the Vatican’s Sistine Chapel? “Absolutely relaxing,” said Margherita Migliorini of Villa di Capannole, a luxury accommodation in the Tuscan countryside. Her family has owned the villa — which used to
Jamie Dimon, CEO, JP Morgan Chase, speaking at the Business Roundtable CEO Innovation Summit, December 6, 2018. Janhvi Bhojwani | CNBC JPMorgan Chase is going it alone. After the healthcare joint venture formed by Amazon, Berkshire Hathaway and the biggest U.S. bank by assets was disbanded earlier this year, the companies each vowed to continue
FG Trade | iStock | Getty Images Do you enjoy watching your nest egg grow? Depending on the type of account, the U.S. government probably does, too. That’s because if it’s a 401(k) plan or individual retirement account holding pre-tax contributions, the IRS expects to get a cut at some point. “All too often, investors
In this article DIN Rendering of a Flip’d by IHOP location Source: IHOP IHOP will launch its fast-casual spinoff, Flip’d by IHOP, in July — more than a year after initially planned. The Dine Brands chain first unveiled Flip’d in late 2019, positioning it as a way to win over consumers in busy urban areas.
Old crystal balls for viewing fiscal discipline never foresaw this golden age of tech innovation and ultra-low inflation.
Two Companies on a Growth Trajectory and One That’s a Real LULU.
In this article MCD McDonald’s U.S President Chris Kempczinski speaks about fresh beef expansion at a McDonald’s event in Oak Brook, Illinois, United States March 5, 2018. Richa Naidu | Reuters McDonald’s board will likely face tough questions from shareholders on Thursday at its annual meeting about how it handled the firing of former CEO
In this article HD LOW A customer pushes a shopping cart towards the entrance of a Lowe’s store in Concord, California, on Tuesday, Feb. 23, 2021. David Paul Morris | Bloomberg | Getty Images Lowe’s reported Wednesday that consumers are continuing to invest in their homes in the first quarter and it saw sales pick
The logo of Cisco Systems is seen at their headquarters in Issy-les-Moulineaux, near Paris, France. Philippe Wojazer | Reuters Check out the companies making headlines after the bell on Wednesday: Cisco — Shares of the data center networking hardware maker dropped more than 6% in extended trading after the company issued weaker-than-expected guidance for the next
Crypto bull Meltem Demirors said Wednesday she believes the recent turbulence in bitcoin and ether are positive long-term developments, contending the optimistic story around the digital assets remains intact. “It’s been really frothy. There was a lot of leverage in the markets. Some of that got taken out in April,” the chief strategy officer at CoinShares
In this article BBY TFC BLK MoMo Productions | Stone | Getty Images Many Americans do not have the cash on hand to cover an unexpected emergency expense, a reality that has become more apparent during the Covid-19 pandemic. That has led to a growing call for companies to step in and adopt programs to
“Should I stay or should I go?” The Clash sang years ago. Residents of New York, Connecticut, New Jersey, Rhode Island, California and other high-tax states are now singing a similar song. The thought of moving to a lower-tax state is more prevalent than ever in light of the federal Tax Cuts and Jobs Act
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