Warren Buffett went wild with Berkshire Hathaway’s (BRK.B, $309.29) checkbook during the first quarter, scooping up equities at his fastest pace since the Great Financial Crisis. True, it took an epically bad start to the year for stocks and the worst inflation in four decades to lure Berkshire’s chairman and chief executive back into the… Continue reading Buffett Ups Chevron, Apple Holdings, Adds 8 Stakes in Q1 | Kiplinger
Russia faces a full block on dollar bond payments as a key US sanctions waiver is expected to expire — putting Moscow closer to a historic default: report
The Treasury Department is expected to block Russia’s ability to pay US bondholders, sources told Bloomberg, raising the likelihood of a default. US sanctions on Russia for its invasion of Ukraine included an exemption for bond payments. But that exemption expires on May 25, and officials aren’t expected to renew it. Loading Something is loading.… Continue reading Russia faces a full block on dollar bond payments as a key US sanctions waiver is expected to expire — putting Moscow closer to a historic default: report
The SEC just charged a US subsidiary of investment giant Allianz in a multibillion dollar fraud scheme that targeted pensions and other investors
A subsidiary of Allianz agreed to pay $6 billion and pleaded guilty to charges of fraud and misleading investors. The Justice Department brought charges against Allianz Global Investors US for the March 2020 scheme. The Securities and Exchange Commission also sued three men and accused them of securities fraud. Loading Something is loading. Allianz Global… Continue reading The SEC just charged a US subsidiary of investment giant Allianz in a multibillion dollar fraud scheme that targeted pensions and other investors
China just saw a record bond sell-off. Now its main trading platform isn’t publishing foreign debt trades, report says.
China’s main bond trading platform for foreign investors stopped publishing data on May 11, Bloomberg reports. The move follows a recent sell-off in the Chinese debt markets. BlackRock last week forecasted a “rapidly worsening” outlook for the world’s second-largest economy. Loading Something is loading. After record net sales of sovereign debt, China’s primary bond trading… Continue reading China just saw a record bond sell-off. Now its main trading platform isn’t publishing foreign debt trades, report says.
The dollar and euro are on the verge of parity for the first time in 20 years — and it could happen within a month. Here’s what to know.
The dollar and euro are on the verge of being equal for the first time since 2002. A top economist told Insider that parity could be reached within “a month or so.” The euro has lost nearly 14% against the dollar in the past year and is far below its March 2008 peak of roughly… Continue reading The dollar and euro are on the verge of parity for the first time in 20 years — and it could happen within a month. Here’s what to know.
The US dollar is at a 20-year high and that’s raising risks for the global economy and financial stability, says Mohamed El-Erian
The dollar’s rise to 20-year highs poses global financial risks, economist Mohamed El-Erian said. Dollar strength makes imports more expensive for developing countries already dealing with cost crunches from COVID. The DXY index last week marked a 10% rise for 2022. Loading Something is loading. Famed economist Mohamed El-Erian said Tuesday higher import prices for… Continue reading The US dollar is at a 20-year high and that’s raising risks for the global economy and financial stability, says Mohamed El-Erian
IRA Tax Benefits: Taxes on Retirement vs. Non-Retirement Accounts
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. When you invest, you have many types of accounts you can choose from to put your money in. One of the first decisions to make is whether to… Continue reading IRA Tax Benefits: Taxes on Retirement vs. Non-Retirement Accounts
10 Tax Tips for Filing an Amended Return
1. When to use Form 1040-XYou can file Form 1040-X to amend a previously filed tax return that used one of these forms: 10401040-SR1040A1040EZ1040NR1040NR-EZOur TurboTax Live experts look out for you. Expert help your way: get help as you go, or hand your taxes off. You can talk live to tax experts online for unlimited… Continue reading 10 Tax Tips for Filing an Amended Return
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