David Jakle | Image Source | Getty Images It’s been a tough year for municipal bonds, with investors cashing out amid rising interest rates. However, higher yields and strong credit may be sparking a shift, experts say. While investors piled a record-breaking $96.8 billion of net money into U.S. muni mutual and exchange-traded funds in
Month: June 2022
A college graduate calls their family on video to celebrate Kemal Yildirim | Getty Images Teenagers are looking at the costs of higher education and fear they won’t be able to keep up. Some 54% of teens say they are worried about financing their futures, according to a survey from Junior Achievement USA and Citizens
My 90-year-old uncle, a retired county employee, has had a Medicare Advantage preferred provider organization (PPO) plan for the last eight years. He sees his primary physician once or twice a year. However, now he has been experiencing dizzy spells and falls. His physician ordered a slew of medical tests. I asked my uncle, “Does
Tax Notes reporter Benjamin Valdez discusses the Florida legislation eliminating Disney’s special tax district, what led to its passage, and what to expect in the future. David D. Stewart: Welcome to the podcast. I’m David Stewart, editor in chief of Tax Notes Today International. This week: the most magical tax break on earth. In April,
There’s nothing like a direct flight to ease international travel. Largely the domain of major cities with populations in the multimillions, this summer the opportunity to fly nonstop will be available from Madrid, Spain, to Los Cabos, Mexico. The tourist destination – with a population of more than 350,000, according to DataMexico.org – has long
In this article F Ford CEO Jim Farley poses next to a model of the all-new Ford F-150 Lightning electric pickup truck at the Ford Rouge Electric Vehicle Center in Dearborn, Michigan, April 26, 2022. Rebecca Cook | Reuters DETROIT – Ford Motor CEO Jim Farley expects the auto industry’s ongoing transition to electric vehicles
In this article JPM Jamie Dimon, CEO of JP Morgan Chase, appears on CNBC’s Squawk Box at the 2020 World Economic Forum in Davos, Switzerland on Jan. 22nd, 2020. Adam Galica | CNBC JPMorgan Chase CEO Jamie Dimon says he is preparing the biggest U.S. bank for an economic hurricane on the horizon and advised
Netflix co-founder Marc Randolph says the “most dispensed advice in the history of mankind” might also be the worst. At Cape Cod Community College’s recent commencement ceremony, Randolph told the class of 2022 that three common graduation speech words — “follow your dreams” — constitute “terrible advice.” “It’s not the advice itself that’s bad,” Randolph,
Stacy Francis Source: Stacy Francis Stacy Francis never planned to become a financial advisor, especially one for women going through divorce. But a candid talk with her grandmother shifted her career trajectory. Her grandmother, Myra, was a victim of spousal abuse and, before passing, she confessed to staying in her marriage because she felt “financially
Lilly Faust Courtesy: Lilly Faust When Lilly Faust graduated from college in December, she was fortunate to land a job right away. She also managed to move out on her own, with a roommate, into an apartment in Montclair, New Jersey. “I feel very proud of myself,” said Faust, 22, who is now a first-grade
Today’s Social Security column addresses questions about whether to delay filing after stopping work early, whether there’s any reason to delay filing past 70 and potential benefits for a surviving spouse with two young children. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc.
The federal government is running out of resources to procure COVID vaccines, tests, and treatments right as the nation faces yet another wave of infections. A $10 billion emergency appropriation to fund these critical needs has been stalled in Congress since March amid fights about how to pay for it and what amendments on other
With America’s infrastructure challenges and acute housing shortage demanding solutions, is it possible standardization may provide a few of the answers? Some leading design industry observers believe so. They are convinced standardization and repeatability when combined with the ability to produce all kinds of buildings and taken to warp speed just might be game changers.
Rimac Nevera Rimac Rimac Group, the Croatian company best known for its 1,900 horsepower Nevera electric sports car, said it has raised 500 million euros (about $537 million) from investors including Goldman Sachs, Porsche and a technology fund advised by Japan’s SoftBank. The new funding round values Rimac at over 2 billion euros. Rimac made
In this article VSCO Shoppers are seen inside a shopping mall in Bethesda, Maryland on February 17, 2022. Mandel Ngan | AFP | Getty Images Victoria’s Secret reported a quarterly profit that topped Wall Street expectations on Tuesday, but warned that it could continue to face supply chain and sales challenges for the remainder of
Chinese electric car company WM Motor, or Weltmeister, filed Wednesday to go public in Hong Kong. Pictured here is one of the company’s cars in a shopping mall in Shanghai. Future Publishing | Future Publishing | Getty Images BEIJING — Chinese electric car start-up WM Motor filed Wednesday to go public on the Hong Kong
In this article MS Countries like the U.S. and U.K. are grappling with inflation that has risen to multi-year highs as the Ukraine war has caused energy prices to spike and food prices to rise. Angela Weiss | AFP | Getty Images Talk of a recession is heating up, with Wall Street veterans flagging the
Choreograph | iStock | Getty Images Your Medicare Part B premiums won’t be reduced this year, the government has announced. After being directed by Health and Human Services Secretary Xavier Becerra in January to reassess this year’s $170.10 standard monthly premium — a bigger-than-expected 14.5% jump from $148.50 in 2021 — the Centers for Medicare
May was Older Americans Month and this year’s theme, “Age My Way!” highlighted a much needed takeaway by learning from older Americans what they wish they’d known to prepare for their post-work lives. First, 78% of those recently surveyed wish they had saved more. Many also regret not creating a plan for how they wanted
A recent case illustrates the importance of strictly complying with the substantiation requirements (including the contemporaneous written acknowledgement requirement) for a charitable contribution deduction under § 170. In the case, the taxpayer donated to a museum items from a collection of Native American jewelry and artifacts. As part of that donation, the taxpayer and the