Month: November 2021

A major Wall Street firm is piling into stocks near record highs. Wilmington Trust’s Meghan Shue reveals her firm has one of its largest stock market overweights ever. Shue, who oversees $152 billion in assets, attributes a strong economic backdrop and seasonal tailwinds for the bullish move. “The near-term disruptions and the near-term concerns over
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Investors worried about inflation should consider tilting their portfolios toward areas of the market that tend to do well when prices pick up, according to Gargi Pal Chaudhuri, head of iShares investment strategy, Americas at BlackRock. “So looking at commodity producers, looking at financials — more recently, looking at infrastructure — that has been an
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A Social Security Administration office in San Francisco. Getty Images If you plan properly, you may be able to boost your Social Security retirement benefits. And newly redesigned benefit statements from the Social Security Administration may help you do exactly that. That goes for workers of all ages who contribute to the program — from
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Robert Goulder of Tax Notes and Jeffery M. Kadet of the University of Washington School of Law discuss the House Ways and Means Committee proposal to eliminate key features of the subpart F regime. This transcript has been edited for length and clarity. Robert Goulder: Hello everyone. I’m Bob Goulder, contributing editor with Tax Notes. Welcome to the October
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In this article TSLA WEN FUBO POSH A woman walks past a Westpac bank advertisement in central Sydney, Australia. Daniel Munoz | Reuters Check out the companies making headlines in midday trading. Poshmark — The online marketplace’s shares tumbled nearly 30% Wednesday after reporting quarterly results late Tuesday. Poshmark reported a loss of 9 cents
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Rafael Henrique | LightRocket | Getty Images A McKinsey partner was arrested Wednesday after being criminally charged with insider trading ahead of Goldman Sachs‘ recent $2.2 billion acquisition of fintech lender GreenSky. A complaint unsealed Wednesday in federal court alleged that Puneet Dikshit, 40, exploited information he gained about his client Goldman Sachs’ pending takeover
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bymuratdeniz | E+ | Getty Images Some older Americans may be all too familiar with sticker shock when it comes to their Medicare premiums. That is, instead of paying the standard premium for Part B (outpatient care coverage) and Part D (prescription drug coverage), their income is high enough for monthly “income-related adjustment amounts,” or
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Something seems amiss as Congress appears ready to revise US tax policy again. Should we expect our tax system to undergo wholesale changes every 4 or so years? After all, the enactment of the Tax Cuts and Job Act significantly overhauled the tax system in 2017. Now the 2021 Build Back Better Act proposes tax increases,
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