Inflation has proved anything but transitory, and it’s going to take a deep recession to tame the sticky high prices, according to Bank of America. In a Friday note, the bank’s analysts said market pricing implied inflation would fall to or below the 2% target in about two years but that the economy would need… Continue reading A deep recession is needed to bring down soaring inflation, and high prices are going to be very sticky, BofA says
Russian cuts to gas supplies force German utility Uniper to seek government bailout
German-based Uniper is moving ahead with a request for a government bailout after weeks of liquidity constraints. The company, which relies on Russian flows of natural gas, has been struggling with cash flow as it’s been forced to enter the spot market for supply in response to Moscow cutting supplies flowing through the Nord Stream… Continue reading Russian cuts to gas supplies force German utility Uniper to seek government bailout
Upstart plummets 22% after slashing quarterly guidance on inflation and recession fears
Shares of Upstart Holdings slid Friday after the lending platform that uses AI technology cut second-quarter projections. The stock was down 22% at $22.22 as of 9:35 am ET, nearing its IPO pricing of $20 from December 2020. Shares also toppled 57% in May when the company lowered its yearly revenue projections to $1.25 billion… Continue reading Upstart plummets 22% after slashing quarterly guidance on inflation and recession fears
Does the Wash Sale Rule Apply to Cryptocurrency?
So, what is the wash sale rule? And does it apply to cryptocurrency? Retirement Daily’s Robert Powell caught up with Jeffrey Levine, CPA and tax pro from Buckingham Strategic Wealth Partners, to answer the question. TurboTax Live experts look out for you. Expert help your way: get help as you go, or hand your taxes… Continue reading Does the Wash Sale Rule Apply to Cryptocurrency?
Understanding Progressive, Regressive, and Flat Taxes
The taxes you pay on your income and purchases can take several forms, including progressive tax, regressive tax, and flat taxes. But what is a progressive tax? And how does it compare to a regressive or flat tax? What is a progressive tax?A progressive tax is when the tax rate you pay increases as your… Continue reading Understanding Progressive, Regressive, and Flat Taxes
What Is a Wealth Tax?
It’s likely you’ve heard the term “wealth tax” on the news over the past few years. In the discussions leading up to recent federal elections, some candidates often explained the pros and cons of this tax, in which they proposed collecting from the wealthiest Americans. Let’s take a closer look at what a tax on… Continue reading What Is a Wealth Tax?
The Best Early Amazon Prime Day Echo Deals
If you had to pick one sure set of items that will be on-sale for Prime Day, any Amazon device is a good choice. While Prime Day doesn’t officially kick off until July 12, 2022, you can already save up to and over 50% on select Amazon-made devices like Echos, Fire TV Sticks, and countless… Continue reading The Best Early Amazon Prime Day Echo Deals
You Can Now Order The Redesigned MacBook Air with M2
Jacob Krol/TheStreet Apple’s fully redesigned MacBook Air is finally up for order, with the first deliveries slated to begin next Friday, July 15th, 2022. And along with a new look that comes in four fresh finishes, it’s also powered by the tech giants’ brand-new M2 chip. In fact, the “MacBook Air with M2” will only… Continue reading You Can Now Order The Redesigned MacBook Air with M2
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