Wall Street’s main stock benchmarks closed higher Thursday after two days of declines. St. Louis Fed President James Bullard said the central bank is “behind the curve” on fighting inflation. Stocks appeared to take in stride Bullard’s view that the Fed needs to raise rates by 3 percentage points this year. Loading Something is loading.… Continue reading US stocks end higher to break losing streak spurred by fears of a hawkish Fed
Mexican billionaire Ricardo Salinas Pliego says bitcoin makes up 60% of his liquid portfolio and calls bonds ‘a terrible investment’
Bitcoin and bitcoin equities make up 60% of billionaire Ricard Salinas Pliego’s liquid portfolio, he told conferencegoers in Miami on Thursday. Mexico’s third-wealthiest person at the Bitcoin 2022 conference called bonds a “terrible investment”. Salinas Pliego runs Mexican broadcaster TV Azteca and retailer Grupo Elektra. Bitcoin is a good place to be investment-wise, according to… Continue reading Mexican billionaire Ricardo Salinas Pliego says bitcoin makes up 60% of his liquid portfolio and calls bonds ‘a terrible investment’
Treasury Secretary Janet Yellen says a central bank digital currency must support the US dollar’s global dominance
Any US central bank digital currency must support the dominance of the dollar, Treasury Secretary Janet Yellen said Thursday. A CBDC “could become a form of trusted money comparable to physical cash” and offer some of the benefits of digital assets, Yellen said. But issuing a digital dollar would take years of development, not months,… Continue reading Treasury Secretary Janet Yellen says a central bank digital currency must support the US dollar’s global dominance
Rite Aid plummets 25% after Deutsche Bank slashes price target to $1 as COVID-19 ‘hastens the decline’ of the company’s retail pharmacy business
Rite Aid shares dropped as much as 25% on Thursday following a ratings and price-target downgrade at Deutsche Bank. The retail pharmacy chain may miss its 2023 indication to bring in $430 million in annual adjusted EBITDA. “Unfortunately, we believe Covid has hastened the decline of the retail pharmacy segment,” the investment bank said. Loading… Continue reading Rite Aid plummets 25% after Deutsche Bank slashes price target to $1 as COVID-19 ‘hastens the decline’ of the company’s retail pharmacy business
Here’s Where Americans Are Spending Their Money
Americans have found themselves spending the majority of their money on a narrow slice of items, as the economy continues to attempt a rebound from the pandemic. The price of many items have risen exponentially due to a higher cost from labor expenses and supply chain hurdles. Higher inflation rates have increased in various sectors,… Continue reading Here’s Where Americans Are Spending Their Money
5 Tax Deductions Commonly Overlooked
Only 1-in-5 tax filers claim a little-known tax credit called the Saver’s Credit (Retirement Savings Contributions Credit). There are others, too. 5 Tax Deductions Commonly OverlookedEarned Income Tax CreditSaver’s CreditTaking Care of a Friend or RelativeCamp or Sports Camp Education Expenses Graphic: Tax Tip of The Day: 5 Commonly Overlooked Tax Deductions Watch the video above, Lisa… Continue reading 5 Tax Deductions Commonly Overlooked
Tax Refund Less Than Expected? Here’s Why
Were you among the lucky 2022 tax filers to already receive a tax refund? Perhaps, tax filers have taken advantage of hidden refunds. Regardless of why they are getting it, there are nearly 52 million tax filers who have already received refunds. According to the Internal Revenue Service (IRS) refunds total $171 billion 2021 tax year… Continue reading Tax Refund Less Than Expected? Here’s Why
Dependent tax deduction: tax exemptions and deductions for families
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. As a family, you may have access to more tax deductions and credits than taxpayers without children. If you’re not aware of these deductions and credits, you may… Continue reading Dependent tax deduction: tax exemptions and deductions for families
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