Basket of American companies exposed to Europe up 23% in 2019 IMF sharply downgrades its outlook for euro-area economies The soft spot for the global economy is a source of strength for the U.S. stock market. A basket of American...
You finally finished your taxes and are learning – for better or worse – the ins and outs of the new law. But wait, the law isn’t done with you. There’s another complication coming out later this year: The Internal...
No one wants to lose money, particularly for retirement. But it happens – people lose track of, or don’t know they have, retirement accounts. It’s surprisingly easy to do. People switch jobs, move, change names and the company or plan...
Prime Minister Theresa May is expected to speak after a marathon Cabinet meeting on Tuesday, according to media reports. Meanwhile, members of Parliament are maneuvering to try to prevent a no-deal split in 10 days. Kitty Donaldson & Robert Hutton...
The House of Commons will attempt to break its Brexit deadlock on Wednesday with votes on alternatives to Prime Minister Theresa May’s divorce deal with the European Union. The exact way the so-called “indicative votes” will work is still the...
The countdown to the tax-filing deadline is underway. Most taxpayers have until April 15 to file their federal returns. Residents in Maine and Massachusetts have until April 17 due to local holidays. If you don’t file on time, you risk...
No one wants a visit from the Internal Revenue Service. But if you get too generous with your calculations, you may need to back up your tax return. “For individuals, it usually comes down to being too overly aggressive with...
If you want to retire by age 65, you should be setting aside 10-17 percent of your income. And that's if you start saving as early as age 25. If you wait until 35 to start, you have to save...
We all seem to be on the lookout for clues that we're on the verge of another widespread financial crisis. The memories from the debacle a decade ago are so bad that no one wants to be caught by surprise...
The biggest tax code overhaul in decades has made sport of tracking this year's average tax refund size. (Currently this year's refund is $22 higher versus last year.) The scrutiny is also reviving any even older and highly emotional debate...
Ministers will resume efforts later to secure legally-binding changes to Theresa May's Brexit deal that might get MPs' backing in a week's time. Brexit Secretary Stephen Barclay and Attorney General Geoffrey Cox will meet EU officials in Brussels in search...
The U.S. budget deficit widened to $310 billion in the first four months of the fiscal year, underscoring the revenue hit from Republican tax cuts and an increase in government spending. The budget gap widened 77 percent compared with the...
Sitting down to do your taxes in the next few weeks – or talking with your tax preparer – will involve tackling the most sweeping changes in the federal income tax rules in more than 30 years. You'll need to...
Federal Reserve Chair Jerome Powell has repeatedly called out the ballooning U.S. national debt. He did so again while testifying to Congress on Tuesday. "The U.S. federal government is on an unsustainable fiscal path,” Powell told the Senate Banking Committee,...
Treasuries signal weak economic outlook while equities advance Stock bulls lack ‘fundamental support’ from bonds: Ned Davis It’s the latest chapter of the ever-raging battle between stocks and bonds. Treasury yields signal a brewing economic slowdown while equity bulls are...
