A number of high-tax states have recently passed legislation to help residents manage new caps on their ability to take federal tax deductions. However, accountants are warning taxpayers to proceed with caution. This year, the Tax Cuts and Jobs Act...
That’s the amount of debt coming due in the next five years Tax reform is the wild card; some companies may have more cash Corporate America partied like never before on cheap money over the past decade, and now comes...
It stood at about $600 billion 10 years ago America’s student loan problem just surpassed a depressing milestone. Outstanding student debt reached $1.521 trillion in the first quarter of 2018, according to the Federal Reserve, hitting $1.5 trillion for the...
Despite an improving economy that should be easing the financial struggles of all Americans, a growing number of low- and middle-income households are plagued by high debt and have little or no savings. The financial strains have especially worsened for...
Global debt levels rose by $US21 trillion last year to $US237 trillion, the highest level on record. 80% of the increase in global debt levels over the past five years has occurred in emerging markets. With nominal GDP growing faster...
First banks widened the gap between what they pay you and what borrowers pay them. Now they will fight for your money. Hold your horses, savers. The Federal Reserve raised its benchmark lending rate a few weeks ago, the sixth...
Agency scrutinizing whether data use violates consent decree House Judiciary panel to get briefing from Facebook officials Facebook Inc. is drawing scrutiny from the main U.S. privacy watchdog and members of Congress over how the personal data of 50 million...
Federal Reserve chair Jerome Powell moved markets on Tuesday in his first appearance before lawmakers on Capitol Hill since his confirmation. In response to questions from Rep. Carolyn Maloney (D-NY), Powell hinted that more aggressive action on raising interest rates...
Three- and six-month bills sold at levels unseen since 2008 ​Bid-to-cover ratio on 4-week sale declined to near-decade low The U.S. Treasury on Tuesday sold $179 billion of securities as it works to rebuild its cash balance, with yields at...
As tax season heats up, there are a few outstanding issues and frequently asked questions the IRS wants to address. It has put forward a report to offer some basic information and help counter some common misconceptions. Here are three...
Before whirlwind, banks turned volatility into the hot item ​VIX was seen as sure thing — until it suddenly wasn’t anymore It was the hot trade on Wall Street, a seemingly sure thing that lulled everyone from hedge fund managers...
Here's what investors should know following the Dow's historic tumble and the S&P 500's worst day in seven years. History was made on Monday, with the Dow Jones Industrial Average (DJINDICES: ^DJI), America's most iconic index, tumbling a record-breaking 1,175...
As a last-minute amendment to the Tax Cuts and Jobs Act, Sen. Ted Cruz (R-Texas) added a provision to allow families pay for up to $10,000 per year of K-12 expenses with a 529 plan. This inclusion is said to...
Bitcoin slid to $10,000 on Wednesday for the first time since Dec. 1, leaving the cryptocurrency down by close to half from its peak hit last month. Bitcoin's sell-off, sparked by fears of a regulatory crackdown, deepened Wednesday with the...
Prices in Korea are consistently higher than those elsewhere Local foreign-exchange rules have made profiting difficult It’s the kind of market anomaly that savvy traders usually devour in fractions of a second: bitcoin prices in South Korea are 43 percent...
