(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. The end of easy money is upon us. Two years after the pandemic sent the global economy into a deep but short recession, central bankers are withdrawing their emergency support — and they’re moving faster than they […]
Read MoreDid you collect jobless benefits in 2021? Then you’re going to need to sit back and wait to file your federal income tax return until you make sure you have all the right numbers in hand. The deadline to file a federal income tax return and most states is April 18 this year. People have […]
Read MoreExhale. That’s the advice from several financial experts across the country who said that investors shouldn’t do anything rash with their 401(k) retirement accounts amid a turbulent 2022 stock market. That turbulence was evident this week. The markets rebounded Friday after going into another tailspin the day before. That’s when a historic plunge in the […]
Read More(Bloomberg) — Oil prices, already up around 20% this year, could be boosted by China potentially replenishing its inventories and financial investors increasing their long positions, according to Vitol Group. The world’s biggest independent oil trader said there’s a chance China looks to build up stockpiles following the Lunar New Year holiday. “I think it’s […]
Read More(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. The helter-skelter playing out on U.S. factory floors from labor and supply shortages, transportation bottlenecks and the coronavirus looks likely to persist into the second half of the year. That’s the message from the heads of lumber […]
Read MoreThe tax year 2021 filing season is here and in the wake of the pandemic, there are different forms of tax relief and provisions that were either extended, expanded, or are new this season. Americans are also faced with a multitude of life changes that all have an impact on their 2021 taxes. For example, […]
Read More(Bloomberg) — A potential escalation of the standoff at Ukraine’s border risks hitting economies and companies around the world, and catching a number of investors off guard. The long-simmering tensions over Russia’s troop buildup in the region has the potential to trigger a new bout of market volatility, just as equity markets struggle to digest […]
Read More(Bloomberg) — Soybean buyers stung by puny yields and harvest delays in Brazil are turning to the U.S. for supply, driving up prices and threatening to worsen food inflation. What was expected to be a record crop in Brazil is now looking far smaller as adverse weather events catch traders and end-users shorthanded. More than […]
Read MoreDeutsche Bank Aktiengesellschaft (DB) Deutsche Bank Aktiengesellschaft provides investment, financial, and related products and services to private individuals, corporate entities, and institutional clients worldwide. Its Corporate Bank segment provides cash management, trade finance and lending, trust and agency, and securities services, as well as risk management solutions. T ING Groep N.V. (ING) ING Groep N.V., […]
Read MoreAmazon.com Inc. gave the market back what Meta Platforms Inc. took away — or at least a big chunk of it. The e-commerce giant’s shares surged 14% on Friday, adding about $191 billion in market value, after investors cheered its fourth-quarter earnings report. The advance was the biggest single-day gain in U.S. stock market history, […]
Read MoreRoth IRAs are popular accounts for investors to leave to their heirs because of these accounts’ tax-free status and lack of required minimum distributions (RMDs) during the original owner’s lifetime. Roth contributions are made with after-tax money, and any distributions you take are tax-free as long as you are at least 59½ years old and […]
Read More(Bloomberg) — Hedge funds are getting fresh scrutiny from President Joe Biden’s regulators as a potential weak spot in the financial system, and the watchdogs are using last year’s collapse of the Archegos Capital Management family office as an example of what can go wrong. The Financial Stability Oversight Council — a panel of top […]
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