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IRS Commissioner Daniel Werfel testifies before the House Small Business Committee on July 17, 2013. James Lawler Duggan | Reuters The IRS is shifting how it examines tax returns of lower earners as part of its broader effort to fix inequity in enforcement.  Starting in fiscal year 2024, the agency will “substantially” reduce the number

Fatcamera | E+ | Getty Images Long waits to receive new passports haven’t yet eased from earlier this year, as the U.S. State Department works through a backlog of applications amid high demand for international travel. While the State Department expects delays to shorten through the rest of 2023, travelers should continue to plan well

In this article STLA STLAM-IT GM F Follow your favorite stocksCREATE FREE ACCOUNT DETROIT – The United Auto Workers is expanding strikes to 38 parts and distribution locations across 20 states for General Motors and Stellantis, UAW President Shawn Fain said Friday morning. The union will not initiate additional strikes at Ford Motor, as the

The Consumer Financial Protection Bureau headquarters in Washington, D.C., on May 14, 2021. Andrew Kelly | Reuters The Biden administration wants to remove medical debt completely from consumer credit reports, so the Consumer Financial Protection Bureau on Thursday outlined its proposed rules to keep unpaid medical bills from affecting patient’s credit scores. One in 5

In this article DRI Follow your favorite stocksCREATE FREE ACCOUNT A customer carries an Olive Garden shopping bag in Pittsburg, California, US, on Friday, Dec. 9, 2022.  David Paul Morris | Bloomberg | Getty Images Darden Restaurants on Thursday reported earnings and revenue that topped analysts’ expectations in its first quarter as the owner of Ruth’s

In this article CTLT Follow your favorite stocksCREATE FREE ACCOUNT Rows of glass vials in a biologics laboratory in Sweden. Photographer: Mikael Sjoberg/Bloomberg Bloomberg Creative | Bloomberg Creative Photos | Getty Images Company: Catalent (CTLT) Business: Catalent develops and manufactures solutions for drugs, protein-based biologics, cell and gene therapies, and consumer health products worldwide. The

The best hotel in the world is Passalacqua, an 18th century villa on the edge of Italy’s Lake Como.     That’s according to the 50 Best organization, which announced the results of “The World’s 50 Best Hotels” in London on Tuesday. The villa hotel is the former home of composer Vincenzo Bellini and sits among

Federal Reserve Board Chairman Jerome Powell speaks during a news conference following a Federal Open Market Committee meeting, at the Federal Reserve in Washington, DC, on July 26, 2023. SAUL LOEB | Getty The Federal Reserve stayed put on Wednesday, but forecast it will raise interest rates one more time this year, according to the central

Thomas Barwick Life goals and other financial priorities can get in the way of saving for retirement. Long-term, those competing priorities — dubbed the “financial vortex” — may reduce U.S. workers’ retirement savings by up to 37%, according to new research from Goldman Sachs Asset Management. That’s even as more U.S. workers — 65% —

Ray Dalio speaks during the 2023 Forbes Iconoclast Summit at Pier 60 on June 12, 2023 in New York City.  Taylor Hill | GGetty Images U.S. billionaire Ray Dalio says new investors should have a diversified portfolio as economic and geopolitical headwinds persist. “I would like to have diversification, because what I don’t know is

Svyatoslav Balan | Getty Almost regardless of how much you have in the bank, it’s hard to feel financially secure. Across the board, households are facing surging child-care costs, ballooning auto loans, high mortgage rates and record rents amid economic uncertainty and recessionary fears. Of those with more than $1 million in investable assets, as many

Pictured here is Shenzhen in southern China. The city is sometimes considered China’s Silicon Valley. Nurphoto | Nurphoto | Getty Images BEIJING — In the years since Alibaba’s U.S. listing in 2014, early-stage investing has drawn tens of billions of dollars into China with relatively little to show for it. Among China-focused investment firms, only

A pedestrian passes a smoke shop in New York City on June 16, 2023. New York authorities are cracking down on unlicensed smoke shops that are selling cannabis. Spencer Platt | Getty Images News | Getty Images New York officials are ramping up efforts to stop the statewide proliferation of unlicensed smoke shops selling marijuana,

Artistgndphotography | E+ | Getty Images The Federal Reserve is likely to pause its aggressive interest rate hikes when it meets this week, experts predict. But consumers may not feel any relief. The central bank has already raised interest rates 11 times since last year — the fastest pace of tightening since the early 1980s. Yet recent

In this article 9866-HK Follow your favorite stocksCREATE FREE ACCOUNT Nio’s ET5 stands on display at the Central China International Auto Show on May 25, 2023, in Wuhan, China. Getty Images | Getty Images News | Getty Images Chinese electric vehicle maker Nio lost $835.1 million in the second quarter, more than twice its year-ago

CrowdStrike IPO at the Nasdaq exchange June 12, 2019. Source: Nasdaq While macro uncertainty continues to distract investors, it is prudent to focus on companies that are well-positioned to navigate challenges with their solid execution and deliver attractive growth over the long term by capitalizing on secular trends.  Here are five such stocks chosen by

Mark Cuban has “a secret that all successful people know,” he says: Beware of anyone who claims they can sell you a foolproof strategy for making easy money. “When you see somebody on social media telling you how they’re going to make you money, they’re lying,” the billionaire entrepreneur and investor told his 940,000-plus TikTok

Former President Donald Trump speaks with the press at the Iowa Pork Producers booth during the 2023 Iowa State Fair at the Iowa State Fairgrounds, Aug. 12, 2023. Demetrius Freeman | The Washington Post | Getty Images Former President Donald Trump complained that interest rates are too high and indicated that if he gets another

In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT MALIBU, California – The most amazing thing about the $2.1 million Rimac Nevera is how easy it is to just get in and drive. The Nevera is an electric hypercar from Croatia. It sits low — very low — to the ground, and at first

EmirMemedovski | E+ | Getty Images This August, two years into their relationship, Yumi Temple and her boyfriend, Daniel, moved into their first apartment together, in Denver. It was Temple’s first time living with another person, outside of family, and she quickly learned there was a lot to navigate. The couple decided to see a

Lego Star Wars toys sit on display inside a Toys R Us store in Paramus, New Jersey, Nov. 26, 2019. Bloomberg | Getty Images While other toy companies struggle with an inflation-fueled sales slump, Lego is building positive results brick by brick. The privately held Danish toymaker saw revenue rise 1% during the first six

Ray Dalio, billionaire and founder of Bridgewater Associates LP, speaks during the Milken Institute Conference Bloomberg | Bloomberg | Getty Images As concerns mount over rising interest rates and inflation levels, billionaire investor Ray Dalio says he prefers to hold cash for now, not bonds. “I don’t want to own debt, you know, bonds and

Blackcat | E+ | Getty Images “I’m not a math person.” “I’m not a numbers person.” “I’m bad with money.” Sound familiar? No, we’re not recording you at home. As a wealth advisor, I hear statements like this all the time from women, regardless of their age. In fact, one of the most common —

Chinese laborers working at a construction site at sunset in Chongqing, China on March 6, 2005. China Photos | Getty Images BEIJING—China’s retail sales and industrial production picked up pace in August with better-than-expected growth, according to National Bureau of Statistics data released Friday. Retail sales grew by 4.6% in August from a year ago,

In this article GM Follow your favorite stocksCREATE FREE ACCOUNT General Motors CEO Mary Barra talks with reporters following a meeting with lawmakers from Michigan and Ohio at the U.S. Capitol June 05, 2019 in Washington, DC. Chip Somodevilla | Getty Images DETROIT – General Motors is attempting to avoid a looming strike by the

mapodile / Getty After several interest rate hikes from the Federal Reserve, many have braced for stock market volatility in their 401(k) plans. But experts say some plans could face another risk: employer bankruptcy. Generally, your 401(k) is safe from creditors in the case of bankruptcy, based on protection from the Employee Retirement Income Security

In this article ORCL Follow your favorite stocksCREATE FREE ACCOUNT Larry Ellison, Oracle’s chairman and technology chief, speaks at the Oracle OpenWorld conference in San Francisco on September 16, 2019. Justin Sullivan | Getty Images Oracle shares moved about 5% lower in extended trading on Monday after the database software maker disclosed fiscal first-quarter revenue

Many travelers are accustomed to nightly tourism taxes tacked on to their hotel bills. But daytime taxes are a new ask. Venice’s city council on Tuesday approved a long-awaited regulation to tax day visitors 5 euros ($5.38) to visit the city. The new tax will be implemented over 30 non-consecutive days in 2024, falling on

Swan co-founder and CEO Nicolas Benady. Swan European venture capital giant Lakestar, an early supporter of fintech unicorn Revolut, has emerged as a prominent backer of French fintech startup Swan. Swan raised the funds in a series B investment led by European venture capital giant Lakestar. The latest fundraise takes Swan’s total money raised to