Month: March 2022

There’s great economic news in the just-released February employment report—638,000 new jobs, a 3.8% unemployment rate, and average weekly earnings up by 5.4% over the past year. But many Americans have a sour, negative view of the economy. Why the disconnect? The aggregate US economy is almost back to pre-pandemic levels, in significant part because
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Whoever runs away with this modern mountain house in northwestern Montana won’t have to worry about travel time to an airport. The getaway is one of only a few with year-round fly-in/fly-out convenience.   The five-bedroom, six-bathroom home along Whitefish Airport enjoys 360 views of the Flathead National Forest and the Rocky Mountains.  The wood-clad mountain
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In this article DPZ An employee carries an order for a customer at a Domino’s Pizza restaurant in Detroit. Sean Proctor | Bloomberg | Getty Images Domino’s Pizza on Tuesday announced a C-suite shake-up and quarterly results that missed expectations on most metrics, sending the stock sharply lower. The pizza chain posted fourth-quarter earnings and revenue
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Workers weld at a workshop of an automobile manufacturer in Qingzhou, East China’s Shandong Province, on March 1, 2022. Future Publishing | Future Publishing | Getty Images BEIJING — China announced a gross domestic product growth target of “around 5.5%” for 2022, as an annual parliamentary meeting gets underway. Premier Li Keqiang revealed the figure
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A lot of inherited IRA owners are in for a surprise. In a switcheroo, the Treasury Department has reinstated annual required minimum distributions for most folks who’ve recently inherited Individual Retirement Accounts, according to proposed regulations released late last month that interpret the 2019 retirement law known as the SECURE Act. IRA experts are still
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Small businesses will be facing growing challenges from inflation and higher wages, Chicago Federal Reserve President Charles Evans said Friday. Even with average earnings flattening out in February, Evans told CNBC, he hears from smaller companies in his district about the challenges from cost increases. “I think there are a lot of business models, especially
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There’s some new guidance on early IRA withdrawals that pre-retirees should know about. It changes the interest rate on early withdrawals and allows a switch of method. IRAs are wonderful planning tools, since they allow the accumulation of retirement funds on a tax-deferred, or in the case of Roth, tax-free, basis. With the ‘Great Resignation’
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