In this article JWN WEN DKS Cars are seen parked in front of a Dick’s Sporting Goods store at Monroe Marketplace in Pennsylvania. Paul Weaver | SOPA Images | LightRocket | Getty Images Check out the companies making headlines in midday trading Wednesday. Dick’s Sporting Goods – Shares of the sporting goods seller jumped 11%,
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In this article DKS A Dick’s Sporting Goods store stands in Staten Island on March 09, 2022 in New York City. Spencer Platt | Getty Images Dick’s Sporting Goods on Wednesday reported results for its fiscal first quarter that topped Wall Street’s expectations, as shoppers spent money on golf clubs, soccer gear and athletic apparel
Federal Reserve officials earlier this month stressed the need to raise interest rates quickly and possibly more than markets anticipate to tackle a burgeoning inflation problem, minutes from their meeting released Wednesday showed. Not only did policymakers see the need to increase benchmark borrowing rates by 50 points, but they also said similar hikes likely
The U.S. Department of the Treasury building Julia Schmalz | Bloomberg | Getty Images Some investors may be grappling with the sting of higher-than-expected capital gains for 2021 and losses in 2022. But experts say tax-planning opportunities may soften the blow. Individuals paid significantly more taxes this season, and the surge in capital gains in
The Good Brigade | Digitalvision | Getty Images Health savings accounts can be a powerful way to build wealth and prepare for medical costs in old age — if they’re used the right way. HSAs carry a three-pronged tax benefit. Contributions and investment growth are tax-free, as are withdrawals if used for qualified health expenses.
Today we continue our map series on the 2022 State Business Tax Climate Index with a map showing states’ rankings on the Index’s sales and excise tax component. The sales tax rate and structure can make a state more or less attractive to businesses for two key reasons: (1) some states apply the sales tax to business inputs, which drives up
A for sale sign is posted in front of a home that is listed for over $1 million on April 29, 2022 in San Francisco, California. Justin Sullivan | Getty Images Mortgage rates turned lower for the second straight week, but it wasn’t enough to boost demand for either new purchase loans or refinances, according
Charging port for a Ford Motor Co. Mustang during the Washington Auto Show in Washington, D.C., on Friday, Jan. 21, 2022. Al Drago | Bloomberg | Getty Images As gas prices hit record highs, some Americans might be tempted to go electric and ease the pain at the pump. But finding a shiny, new electric vehicle
Traders on the floor of the NYSE, May 17, 2022. Source: NYSE U.S. stock futures rose on Tuesday night after the Nasdaq Composite dropped during the regular session, following a warning of slowing growth from social media company Snap that hurt the tech-heavy index. Dow Jones Industrial Average futures rose 111 points, or 0.4%. S&P
Tom Merton | Ojo Images | Getty Images With summer around the corner, the wealthy are preparing their lists of elevating beach reads. And this year, their Goyard tote bags are likely to be filled with books about innovation, technology and Greek gods. J.P. Morgan Private Bank on Tuesday announced its 23rd annual Summer Reading
Many Americans are worried that the U.S. economy is on feeble footing. As the Federal Reserve raises interest rates to combat the highest inflation in 40 years, tipping the U.S. into a recession is becoming an increasing concern. Still, it’s not likely that the U.S. economy will stop growing this year, former Federal Reserve vice
A decade after Kansas’s failed tax experiment, memories linger and continue to color the debate on tax reform and tax relief across the country, no matter how dissimilar other states’ plans are from the unbalanced and imprudent plan championed by then-Gov. Sam Brownback (R). The Kansas experience is so infamous that “what about Kansas?” is
In this article JPM WFC High home prices aren’t the only reason behind dwindling homeownership in the U.S. Banks and financial institutions aren’t issuing enough small-dollar mortgages that help families with modest incomes to purchase a property. “It is particularly hard for people who are buying smaller houses with smaller mortgages to find a lender
In this article WEN A drive-thru window of a Wendy’s restaurant in Peoria, Illinois. Daniel Acker | Bloomberg | Getty Images Shares of Wendy’s surged roughly 15% in extended trading Tuesday after a filing revealed hedge fund Trian Partners, its largest shareholder, is exploring a potential deal with the company. Trian, along with its partners,
In this article JWN A pedestrian and cyclist wear facemasks outside a branch of department store chain Nordstrom in Santa Monica, California on May 11, 2020. Frederic J. Brown | AFP | Getty Images Nordstrom on Tuesday reported fiscal first-quarter sales ahead of analysts’ expectations and hiked its full-year outlook, citing momentum in the business
While retail investors head for the exits as stock prices sharply fluctuate, Evercore ISI’s Julian Emanuel wants to put money to work. He calls the market environment very ugly, but he believes the economy will avert a recession — particularly due to healthy credit markets and continued gains. “The path to higher [stock] prices really
Protesters take part in a demonstration against the World Economic Forum (WEF) during the WEF annual meeting in Davos on May 22, 2022. Fabrice Coffrini | Afp | Getty Images A group of over 150 millionaires are calling on the elite attendees of this year’s World Economic Forum in Davos, to tax them more. The
PeopleImages | iStock | Getty Images For investors nearing retirement or already retired who need the certainty of cash but want to squeeze out a bit more yield, a certain investment in your 401(k) plan may fit the bill. It’s called a stable value fund (or something similar) and typically is available only through defined
Sales of newly built homes dropped 16.6% in April from March, far more than expected, and were down 26.9% from April 2021, according to the U.S. Census. The annualized rate came in at 591,000 units, seasonally adjusted. Analysts had been expecting 750,000. March’s read was also revised lower. That is the slowest sales pace since
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