Greater-than-expected CPI could pressure a 50-basis-point move Fed policymakers usually prefer to move gradually at liftoff A hotter-than-expected U.S. inflation print would push the Federal Reserve closer to considering its single-largest rate hike in more than two decades. The January...
The record surge in U.S. auto prices — which helped drive inflation to a four-decade high — may finally be over, say two firms that sell cars online. Used-car prices, which have risen at an annual rate above 50% at...
The IRS has good news for retirees starting in 2022: you can now keep more money in your tax-deferred retirement accounts thanks to lower required minimum distributions (RMDs). For the first time in 20 years, the Internal Revenue Service has...
The federal tax filing season will run from Jan. 24 to April 18 this year, the Internal Revenue Service said on Monday, warning in its announcement that staffing shortages and paperwork backlogs could make for a messy and frustrating experience...
While the pandemic and its economic repercussions have (rightly) dominated the news for nearly two years, they have obscured some dramatic and longer-lasting changes that have been rolled out for 401(k) investors. The Setting Every Community Up for Retirement Enhancement...
American Century, Vanguard among those passing on more than 20% of a fund through capital-gains distributions Amid the holiday cards coming in the mail and inboxes this season is a potentially not-so-nice greeting for some mutual-fund investors: capital-gains distributions. It’s...
Charitable giving during the holiday season this year takes on a new, happier meaning when it comes to tax deductions. Typically, most people aren't able to get a tax break when they donate money to a charity if they're claiming...
Hundreds of thousands of homeowners could soon lose or sell their homes as Covid-related mortgage bailout programs expire. There are not a lot of options for borrowers who lost too much income or their businesses during the pandemic, although they...
After being plagued by supply chain delays for the better part of a year and a half, officials at California ports have reversed course on fines for cargo containers left at docks for extended periods, citing an easing of the...
Congressional scorekeepers update data on Democrats’ bill Tax results for rich depend on income level, how they earn it For millionaires trying to decipher if they will pay more or less in taxes under President Joe Biden’s Build Back Better...
When inflation rates in the U.S. hit a 31-year high, as the government reported on Wednesday, another concern quickly emerged among observers: the wage-price spiral. The forces at work are clear to anyone who's shopped recently. Rising commodity costs, supply...
As Democrats in the U.S. House of Representatives look to advance their $1.75 trillion social spending package this week, wealthy individuals are already planning ways to avoid paying for it. The package would be the biggest expansion of the U.S....
Buying a home is a huge undertaking, and for some people, the idea of having to cover a mortgage payment every month is quite stressful. In a recent survey by Ally Financial, 44% of home buyers said they feel anxious...
Covid-19 has been a financial boon or bust for workers, depending on their personal situations. Now, those effects are changing when many Americans say they expect to retire. As anticipated retirement ages shift, younger generations expect to reach that finish...
Fantasia Holdings Group Co., a developer of luxury apartments in China, said it didn’t make a $206 million U.S. dollar bond payment that was due Oct. 4, adding to the malaise surrounding the country’s highly indebted property companies. The company,...
