Eighteen months since the start of a near year-long selloff, the Nasdaq 100 Index has recovered half the losses that pushed it into a bear market. The question now: can the tech-heavy gauge extend its rally? Much of the answer… Read More »Nasdaq 100’s Big Recovery Faces a Key Tipping Point
KEY POINTS The IRS flagged more than 1 million tax returns for potential identity theft during the 2023 tax season, according to the U.S. Department of the Treasury, signaling that such fraud continues to be a pervasive problem for taxpayers. Tax-related identity theft occurs… Read More »IRS flagged more than 1 million tax returns for identity fraud in 2023
Work isn’t necessarily supposed to be fun, but should it be causing employees so much emotional distress? According to a new report by mental health platform Headspace, 87% of employees feel a sense of dread at work at least once a month, and… Read More »The ‘Sunday scaries’ every day? Why 87% of employees dread work
Economists and policymakers are bracing for a long and rocky road back to the US Federal Reserve’s target of 2 per cent inflation, even as early signs of relief emerge following the worst shock in decades. Recent economic data suggests… Read More »Fed faces a long battle to trim inflation to its 2% target
ANN ARBOR, Mich. (AP) — With new and used cars still painfully expensive, Ryan Holdsworth says he plans to keep his 9-year-old Chevy Cruze for at least four more years. Limiting his car payments and his overall debt is a… Read More »Repelled by high car prices, Americans are holding on to their vehicles longer than ever
Minneapolis (CNN) — Americans’ debt levels continue to climb to new heights at a time when economic conditions are becoming increasingly less stable. Household debt balances set a fresh record high of $17.05 trillion during the first quarter, growing $148 billion or 0.9%… Read More »Americans’ debt surpasses $17 trillion for the first time
KEY POINTS An emergency fund is a key piece of your financial plan, especially amid economic uncertainty. But the right amount of cash depends on your household and occupation, according to financial experts. Most Americans aren’t prepared for a financial emergency, according to… Read More »Here’s how much emergency savings you need amid economic uncertainty, according to financial advisors
Wall Street and Washington got jolted this month by government warnings that the U.S. could become unable to pay all its bills as soon as June 1. That crunch came months sooner than expected, raising the specter of a default… Read More »Plunging Tax Revenue Accelerates Debt-Ceiling Deadline
Just like spring and summer always lead to fall and winter, we know winter is coming and another recession is on the horizon, we just don’t know when. If you have a leak in your roof, when’s the best time to fix… Read More »Preparing for the Next Recession: Six Considerations for Retirees
The IRS, which spent the pandemic years mired in backlogs of mail, said this week that it has processed all paper and electronic individual returns received before January of this year. This means all returns received for tax year 2021… Read More »IRS backlog lessens; agency plans to resume collection notices