Business

kate_sept2004 | E+ | Getty Images Tax season kicked off for individual filers Monday with a bigger IRS customer service team and enhanced technology as the agency begins to deploy its nearly $80 billion in funding.  Over the past several months, the IRS has hired 5,000 new customer service staff, aiming to “significantly increase” the
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Source: Getty Images If you made a Roth individual retirement account conversion in 2022, you may have a more complicated tax return this season, experts say.  The strategy, which transfers pretax or non-deductible IRA funds to a Roth IRA for future tax-free growth, tends to be more popular during a stock market downturn because you
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In this article PG Follow your favorite stocksCREATE FREE ACCOUNT Gillette Good News razors on display on January 28, 2005 in San Francisco. Justin Sullivan | Getty Images Procter & Gamble reported year-over-year declines in revenue and profit on Thursday, as higher prices look to offset declining sales volumes and foreign exchange headwinds. Here’s how
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In this article BAYRY Follow your favorite stocksCREATE FREE ACCOUNT Logo and flags of Bayer AG are pictured outside a plant of the German pharmaceutical and chemical maker in Wuppertal, Germany. Wolfgang Rattay | Reuters Company: Bayer AG (BAYRY) Business: Bayer AG is a 55-billion euro German multinational pharmaceutical and biotechnology company. It operates through
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A pedestrian strolls on the Google campus in Mountain View, California, on Jan. 27, 2022. David Paul Morris/Bloomberg via Getty Images Google is delaying full year-end bonus checks by a few months, simultaneously demonstrating a keystone tenet of household finance: Don’t count on money you don’t have in hand. “If you know money’s coming down
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Allison Michael Orenstein | Getty Images Social Security recipients are just starting to see the record 8.7% cost-of-living adjustment in their monthly checks. But come tax time, they could see surprises resulting from last year’s 5.9% increase, which at the time was the biggest COLA in four decades. Last year’s 5.9% cost-of-living adjustment was like
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In this article NFLX Follow your favorite stocksCREATE FREE ACCOUNT Illustration of stock trading graph of Netflix seen on a smartphone screen. Rafael Henrique | SOPA Images | Lightrocket | Getty Images Netflix added millions more subscribers in the fourth quarter than Wall Street expected, helping to send shares of the streamer up after the
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Prasit Photo | Moment | Getty Images Your investment ego may be costing you big bucks. “Overconfidence bias” is the behavioral principle of overestimating one’s financial acumen. And while confidence isn’t a bad thing, it can have damaging results — if you don’t have the chops to back it up. related investing news Investors can
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The U.S. may be about to hit its debt ceiling. Treasury Secretary Janet Yellen said last week that the U.S. would likely hit the ceiling Thursday. Absent steps taken by Congress, the event may “cause irreparable harm to the U.S. economy, the livelihoods of all Americans, and global financial stability,” she wrote in a letter
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In this article MS Follow your favorite stocksCREATE FREE ACCOUNT A screen displays the trading information for Morgan Stanley on the floor of the New York Stock Exchange (NYSE), January 19, 2022. Brendan McDermid | Reuters Morgan Stanley reported fourth-quarter earnings on Tuesday that exceeded Wall Street expectations, boosted by the bank’s record wealth management
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In this article MS Follow your favorite stocksCREATE FREE ACCOUNT Morgan Stanley Chairman and Chief Executive James Gorman speaks during the Institute of International Finance Annual Meeting in Washington, October 10, 2014. Joshua Roberts | Reuters Morgan Stanley CEO James Gorman said he’s more confident on the markets than the rest of Wall Street, seeing
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Given today’s ongoing high inflation, many Americans worry they may not have put away enough money for retirement. They fear that sharp increases in food and energy prices and transportation and medical care costs could significantly affect their retirement savings. Yet there’s another important factor to consider: your life expectancy. A new report from the
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In this article JPM Follow your favorite stocksCREATE FREE ACCOUNT Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co., speaks during the Institute of International Finance (IIF) annual membership meeting in Washington, DC, US, on Thursday, Oct. 13, 2022. Ting Shen | Bloomberg | Getty Images JPMorgan Chase on Friday posted fourth-quarter
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Every big idea likely has a few detractors at some point. Startups that become multibillion-dollar companies are no exception. Take Broadcast.com, the pioneering audiov streaming company that made Mark Cuban a billionaire. When Cuban and his friend Todd Wagner took over the company in 1995, it was one of the first streaming platforms in existence,
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