Key takeaways Confidence from homebuilders has now fallen every month for a year, hitting levels not seen since 2012, according to the National Association for Home Builders (NAHB). An index below 50 is considered negative, and in December sentiment fell 2 points to hit 31. The NAHB believes this negative trend will continue into 2023,
Month: December 2022
Former U.S. President Donald Trump speaks at a rally to support Republican candidates ahead of midterm elections, in Dayton, Ohio, November 7, 2022. Gaelen Morse | Reuters Only one of Donald Trump‘s annual federal income tax returns began being audited by the IRS when he served as president, despite the agency having a policy dating
Sam Bankman-Fried, co-founder of FTX, is escorted out of the Magistrate’s Court in Nassau, Bahamas, on Monday, Dec. 19, 2022. Tristan Wheelock | Bloomberg | Getty Images FTX founder Sam Bankman-Fried signed extradition papers in the Bahamas and will return to the U.S. on Wednesday, a Bahamas prison official told NBC News. Doan Cleare, Bahamas’
Getty Images There’s still time to reduce your 2022 tax bill or boost your refund, but the last chance for certain strategies is fast approaching, according to financial experts. With fewer than two weeks left in the year, there are limited options to make a “real impact” on your taxes, said certified financial planner Eric
Sen. Bill Hagerty, R-Tenn., listens to testimony during the Senate Banking, Housing and Urban Affairs Hearing to examine the President’s Working Group on Financial Markets report on Stablecoins in Washington, Feb. 15, 2022. Bill O’Leary | Pool | Reuters Sen. Bill Hagerty, R-Tenn., will file an amendment to the $1.7 trillion spending package, to increase the
The spending bill congressional leaders agreed to creates significant new incentives for retirement savings and broadly eases rules for withdrawing funds. Like earlier versions, the measure would both help low- and moderate-income workers save for retirement and create yet another tax windfall for high-income savers. The measure, called SECURE 2.0, adopts elements of bills approved
In the third of a three-episode series, former senior Treasury official Chip Harter discusses his experience creating the international tax guidance for the Tax Cuts and Jobs Act and the evolution of those provisions. This transcript has been edited for length and clarity. David D. Stewart: Welcome to the podcast. I’m David Stewart, editor in
Share to Facebook Share to Twitter Share to Linkedin If you plan on raising your cash investment income in 2023, a position in REITs (real estate investment trusts) may help you do it. REITs are dividend-paying entities that own or finance real estate. They can make their money through rents, property sales, interest income or
Barbara Frenkel, member of the executive board for procurement at Porsche, (left) and Michael Steiner, member of the executive board for development and research fuel a 911 with e-fuel at a pilot plant, Punta Arenas, Chile. Porsche AG Porsche and several partners have started production of a climate neutral “e-fuel” aimed at replacing gasoline in
Famed investor Bill Gross said he expects big trouble ahead should the Federal Reserve keep hiking interest rates. “The economy has been bolstered by tremendous amounts of trillions of dollars in fiscal spending, but ultimately when that is used up, I think we’ve got a mild recession, and if interest rates keep going up, we’ve
Sdi Productions | E+ | Getty Images If you’re retired and skipped your 2022 tax payments, you can still avoid late penalties with an under-the-radar year-end strategy, experts say. Since taxes are due as you receive income, you must withhold levies from earnings or pay quarterly estimated tax payments. You may owe quarterly taxes if
Mike Yada Courtesy: Mike Yada Mike Yada remembers the day in August 2020 when it became clear that his unusual symptoms — which emerged after a mild case of Covid-19 earlier in the year — were worsening. “I went for an easy hike, but by the end I was so winded that I couldn’t walk
Activists hold a student loan forgiveness rally near the White House on April 27, 2022. Anna Moneymaker | Getty Images News | Getty Images The nine justices of the U.S. Supreme Court have scheduled the high-profile arguments over President Joe Biden’s student loan forgiveness plan for Feb. 28, meaning borrowers suspended in uncertainty about the
Key Takeaways Lucid Group has raised an additional $1.5 billion to support ongoing operations, with $915 million being contributed by the Saudi Arabia Public Investment Fund. It keeps the Fund’s stake in Lucid at around 62%, continuing their status as a majority owner of the company. Despite almost $1 billion in additional investment, it’s a
The Amber Heard and Johnny Depp trial was riveting. For the last chapter, after saying that she would appeal, Amber Heard has settled her messy defamation case with Depp for an undisclosed sum. Earlier this year, Heard was ordered to pay $15 million in damages to Depp when the jury found that she defamed him
The American Institute of Architects’ fourth quarter Home Design Trends Survey of its members reflects the need for affordable housing, resilient communities and sustainability. “The latest results—focusing on neighborhood design—found that popularity for higher-density development and mixed-use facilities continued to flourish in 2022, even with new construction slowing in all housing sectors,” the report summarizes.
In this article LCID Follow your favorite stocksCREATE FREE ACCOUNT Lucid Motors CEO Peter Rawlinson claps after ringing the opening bell at the Nasdaq MarketSite as Lucid Motors (Nasdaq: LCID) begins trading on the Nasdaq stock exchange after completing its business combination with Churchill Capital Corp IV in New York City, July 26, 2021. Andrew
The Bank of England has released images of the new banknotes that will featured King Charles III’s portrait. Bank of England The Bank of England released images of the first bank notes to feature the portrait of King Charles III Tuesday. The new notes will enter circulation from the middle of 2024. The new £5,
Ariel Skelley | The Image Bank | Getty Images If you have a health savings account and are nearing retirement age, be aware that some of the rules are different for the older crowd. HSAs, which can only used in conjunction with so-called high-deductible health plans, offer a “triple tax” benefit: Contributions are made pre-tax,
In what’s become an annual rite, the Financial Accounting Standards Board (FASB) has once again put corporate tax transparency at the top of its administrative agenda for the year ahead. The new proposal, which is the third such proposal in the last seven years to focus on getting corporations to disclose more detail on the
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