High gas prices at stations in Garden Grove, California, on Monday, March 7, 2022. Jeff Gritchen | Medianews Group | Getty Images Inflation has continued to increase amid the Russia-Ukraine conflict and ongoing supply chain issues. But certain retirees may not feel the brunt of rising costs, financial experts say. Annual inflation rose by 7.9%
Getty Images Most Americans carry some debt, be it from student loans, a mortgage, credit card or a car loan. But what happens to debt management when you’re in or near retirement? While many Americans were able to pay off some of their debt in the early days of the pandemic when restrictions on activity
The Nebraska Revenue Committee recently heard LB1264, a bill to modernize Nebraska’s tax structure by reducing income tax rates, repealing the inheritance tax, modernizing the sales tax base, and eliminating most incentives. These reforms, promoted by various Nebraska stakeholders through the Blueprint Nebraska initiative, would substantially improve tax structure and competitiveness. Once fully phased in,
David Sacks | Getty Images Consumer prices are rising at their fastest pace in decades — and that inflation has been most acute in household staple items like food, housing and transportation, making it hard to escape the budgetary sting. The Consumer Price Index jumped 7.9% in February relative to a year earlier, the largest
Singapore wants to eventually allow all travelers to skip quarantine in the country as long as they are vaccinated, Transport Minister S. Iswaran said. In an interview with CNBC on Thursday, he said: “With greater vaccination and boosting of populations, and also better testing and safe management protocols, I think we have now been able
People walk by a Bored Ape Yacht Club NFT billboard in Times Square on Jan. 25, 2022. Noam Galai | Getty Images Sales of nonfungible tokens jumped to more than $17 billion in 2021, according to a new report from NFT data company Nonfungible.com. The study, developed with BNP Paribas-owned research firm L’Atelier, said trading
South Korean photographer Sang-kyu Gil has visited the Philippines around 10 times. Drawn by the beautiful scenery and affordable prices, the 42-year-old usually spends seven to 10 days in the country. That costs him around $400 — less than half the amount he expects to spend on a similar trip within his home country. His
marekuliasz | iStock | Getty Images As conflict between Russia and Ukraine continues to send shock waves through the markets, many investors may be questioning what, if anything, they should do next. The most common advice is to stay the course. That can be difficult on days like Tuesday, when fresh losses prompted both the
This year’s state legislative sessions have been characterized by a focus on tax policy, with five states already enacting significant individual or corporate income tax reform. Lawmakers in Georgia aren’t interested in being left behind. While HB 1437 was previously a placeholder bill, the sponsors have now shared their plan to consolidate Georgia’s six individual
Adidas CEO Kasper Rorsted told CNBC on Wednesday that it’s too soon to know when the company will restart business operations in Russia. “I think this is premature. The war has been going on for two weeks, and at this stage we’re taking the right decision at this moment. … I think it’s very difficult
Traders on the floor of the NYSE, Feb. 28, 2022. Source: NYSE Stock futures were little changed in overnight trading Wednesday after the major indexes posted sharp gains as commodity prices cooled. Futures on the Dow Jones Industrial Average dipped about 20 points. S&P 500 futures were near flat and Nasdaq 100 futures added 0.1%.
A “now hiring” sign is posted in the window of a restaurant in Los Angeles on Jan. 28, 2022. Frederic J. Brown | AFP | Getty Images The pandemic-era phenomenon known as the Great Resignation remained a hallmark of the labor market in early 2022, according to federal data issued Wednesday. Nearly 4.3 million people
Anchiy | E+ | Getty Images Lawmakers are considering a proposal to let 401(k) plans include annuities as a “default” investment option. Under a bill in the House, as much as 50% of a participant’s contribution could be put in an annuity, under certain circumstances. The idea, said supporters of the provision, is to help
Your child has started earning their own money, but you’re still claiming them as a dependent. How will this situation affect your taxes? One of the most common tax questions parents have is if they should report their dependent child’s W-2 on their tax return or if the child should file their own return. Here’s
While war is the biggest black swan for civilization — after pandemic — a glimpse of calm surfaces. Catch the article version here where you can view forecast sales and profit data for each company mentioned, in our Detailed Estimates tables: https://www.zacks.com/stock/news/1879859/technically-constructive-higher-lows-on-ukraine-talks Visit our website: https://www.zacks.com Visit our Stocktwits account: https://stocktwits.com/ZacksResearch Check out our weekly
Dr. Dave Chokshi is the Commissioner of New York City’s Department of Health & Mental Hygiene. As another Covid-19 wave recedes across the country, the full toll of the pandemic on our emotional health is becoming clearer. Ask someone if they feel disconnected or isolated, and chances are pretty good, regardless of their age, occupation,
In this article MCD A McDonald’s restaurant in St. Petersburg, Russia. Peter Kovalev | TASS | Getty Images McDonald’s expects its Russian shutdown will cost the fast-food giant roughly $50 million a month until it reopens its restaurants there. The Chicago-based company announced Tuesday it would temporarily shutter its Russian locations as Russian President Vladimir
In this article M Pedestrians carry Macy’s shopping bags in San Francisco, California, on Thursday, Sept. 16, 2021. David Paul Morris | Bloomberg | Getty Images Macy’s says the American consumer is still healthy and spending. But, as escalating oil prices translate into higher prices at the gas pump and bigger grocery bills, the department
In this article VOW3-DE VW ID. Buzz VW Volkswagen is resurrecting its iconic microbus — the quintessential van associated with traveling Deadheads and the 1960s counterculture — as an all-electric van called the ID. Buzz. The German automaker on Wednesday finally unveiled the electric vehicle as a 21st-century descendent of its T1 Microbus. VW has
In this article DKS Signage outside a Dick’s Sporting Goods Inc. store in Clarksville, Indiana, on Monday, Nov. 9, 2020. Luke Sharrett | Bloomberg | Getty Images Dick’s Sporting Goods on Tuesday reported profits and sales growth in its holiday quarter that topped analysts’ estimates, as the company laps massive gains from the prior year