Day: February 6, 2022

Federal Reserve

Goodbye Easy Money as Hawkish Central Banks Speed Up Rate Hikes

(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 […]

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Income Tax

Don't forget: Jobless benefits are taxable on 2021 tax returns

Did 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 […]

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Retirement Accounts

With a turbulent Dow, what should you do with your 401(k) retirement account?

Exhale. 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 […]

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China May Need to Rebuild Its Oil Stockpiles, Says Vitol

(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 […]

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Labor Market
Labor Shortage
Supply-Chain Crisis

U.S. Labor, Supply ‘Nightmare’ Seen Extending Into Second Half

(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 […]

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Capital Gains Tax
Child Tax Credit
Estate Tax
Gift Tax
Income Tax
Property Tax
Tax Fililng
Tax Refunds

New Year, New Taxes: 2021 Tax Law Changes and Trends That Impact Your Tax Return

The 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, […]

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Global Economy

Fed Concerns Have Distracted Investors From Russia-Ukraine Risk

(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 […]

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Commodity Prices

U.S. Soybeans Are in High Demand as Brazil’s Crop Falls Short

(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 […]

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Precious Metals
Specialty Metals
Trade Of The Day
TradersPro Sunday

Top Metal Stock To Consider Monday

This company produces and sells bauxite, alumina, and aluminum products. The company offers primary aluminum in the form of alloy ingot or value-add ingot to customers that produce products for the transportation, building and construction, packaging, wire, and other industrial markets; and flat-rolled aluminum sheets to customers that produce beverage and food cans. AA $64.2200 […]

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Banking Sector
Business Banking
Top Stocks
Top Stocks To Watch

3 Foreign Bank Stocks To Buy Now

Deutsche 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., […]

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Amazon’s $191 Billion Jump Sets Record for Market Value Gain 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, […]

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Hedge Funds
SEC Regulation

Archegos Cited in U.S. Watchdogs’ Warning About Hedge Fund Risks

(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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