The Federal Reserve could be forced to cut interest rates in 2023 if a deep recession occurs, according to JPMorgan.The move would be an about-face by the Fed, considering it has aggressively raised rates in 2022.Potential rate cuts from the Fed would help backstop the stock market in the event of a precipitous decline, JPMorgan’s… Continue reading The Fed will save the stock market and cut interest rates if a deep recession occurs next year, JPMorgan says
Europe’s energy crisis is close to costing the EU and UK governments $500 billion
Europe’s energy crisis is close to costing 500 billion euros, as nations scramble to shield citizens from a harsh winter. EU governments are shelling out 314 billion euros, while the UK has earmarked 178 billion euros, according to the think tank Bruegel. Germany has allocated 100.2 billion euros, France 53.6 billion euros, and and Italy… Continue reading Europe’s energy crisis is close to costing the EU and UK governments $500 billion
Tips for Paying Estimated Taxes
Quarterly taxes don’t have to be confusingMany people experience career changes and significant income swings. Often, this meant facing unfamiliar federal income tax requirements, like estimated taxes, which can confuse the newly self-employed. Here are a few tips to help taxpayers avoid mistakes that result in penalties and interest. Get every dollar you deserve with… Continue reading Tips for Paying Estimated Taxes
Americans Love Free Swag and Go Out of Their Way to Get It
Promotional swag has a deep history in world culture, although less so in American culture until recently. The first written reference to swag comes from William Shakespeare, in “A Midsummer Night’s Dream, where the character Puck asks, “What hempen homespuns have we swaggering here?” British thieves in the 1800s also commonly used the term “swag” to describe… Continue reading Americans Love Free Swag and Go Out of Their Way to Get It
Amazon’s new Fire HD 8 Tablet Line Speeds Things Up
Amazon’s on a roll with upgrading its line of Fire tablets and following the Fire 7 in May, they’re now turning attention to the Fire HD 8 and Fire HD 8 Plus. These tablets keep a modern build with smooth, rounded edges but get a speed boost in from a new processor. The other change… Continue reading Amazon’s new Fire HD 8 Tablet Line Speeds Things Up
How to Use IRS Form 1040-ES: Estimated Tax for Individuals
For information on the third coronavirus relief package, please visit our “American Rescue Plan: What Does it Mean for You and a Third Stimulus Check” blog post. Who pays estimated tax?Not all income is set up so that taxes are deducted at the source. Independent contractors and freelancers, for example, do not have tax deducted… Continue reading How to Use IRS Form 1040-ES: Estimated Tax for Individuals
U.S. Credit Card Debt Keeps Climbing (Blame Higher Prices)
Financial debt is to consumers what an interception is for NFL quarterbacks – a big step backward, only on the wrong side of the financial gridiron. Yet that’s exactly where a growing number of U.S. credit card consumers find themselves in the second half of 2022, with plastic debt a burgeoning problem. CreditCards.com has the… Continue reading U.S. Credit Card Debt Keeps Climbing (Blame Higher Prices)
Noah Solomon: Investors should think again if they believe alternatives are a portfolio panacea
These funds in general have failed to produce their intended objectives Investors have been told private equity funds produce superior returns while providing portfolio diversification, but they are hard-pressed to actually deliver. Photo by Brent Lewin/Bloomberg There has been a propensity during the past 20 years for both institutional and individual investors to aggressively diversify… Continue reading Noah Solomon: Investors should think again if they believe alternatives are a portfolio panacea
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