The Stock Market Is on a Tear. Don’t Ignore the Debt Ceiling.

Text size Treasury Secretary Janet Yellen warned Congress that the U.S. would hit its debt ceiling this coming Thursday. Brendan Smialowski/AFP/Getty Images It’s always fun until the bill comes due—and the bill always comes due. In fact, it’s coming due right about now. On Friday, Treasury Secretary Janet Yellen warned Congress that the U.S. would … Read more

Workers in California and Washington State will get more pay transparency

Do you know how much your job is worth? Millions of Americans are finally getting the answer.  On Jan. 1, California and Washington state began requiring employers to include pay ranges with their job listings. The two states follow New York City and Colorado in implementing pay-transparency measures. As of Dec. 4, just 44% of … Read more

Nvidia CEO Jensen Huang Curbed Stock Sales When Shares Slipped

Nvidia stock tumbled in 2022, and as shares of the chip maker slid into the red early in the year, CEO Jensen Huang stopped selling. Nvidia stock (ticker: NVDA) lost half its market value in 2022. In mid-February, Nvidia reported a strong fiscal fourth quarter. “We are seeing exceptional demand for Nvidia computing platforms,” Huang … Read more

Trump’s Tax Law Echoed Through His Finances During White House Years

Politics Returns released by House show provisions of tax code that were used

Democrats release Trump’s tax returns, and CPAs have questions: ‘In order to generate these kinds of losses, you need to be super rich. It’s not a poor man’s game.’

The nonpartisan committee’s findings also raised several red flags related to the filings, namely Trump’s carryover losses, loans to his children that may or may not also be considered taxable gifts, and deduction-related tax write-offs.  That year, as the COVID pandemic hit, the Trumps reported a loss of $4.8 million. For 2018 and 2019, the … Read more

IRS Delays Gig-Tax Filing Rule for Side Hustles of More Than $600

IRS Delays Gig-Tax Filing Rule for Side Hustles of More Than $600

Albertsons’ $4 Billion Dividend Payout Remains Blocked

Albertsons’ $4 Billion Dividend Payout Remains Blocked

IRS releases new federal tax brackets and standard deductions. Here’s how they affect your family’s tax bill.

America’s high inflation rate will produce a 7% increase in the size of the standard deduction when workers file their taxes on their 2023 income, according to new inflation adjustments from the Internal Revenue Service. It’s also going to pump up tax brackets by 7% as well, according to the annual inflation adjustments the IRS … Read more

This stock market strategist says the coming recession could be the biggest ever. ‘I recommend prayer.’

Keith McCullough, founder and CEO of Hedgeye Risk Management, isn’t one to mince words about financial markets, the Federal Reserve or the economy. Right now he has a few less-than-charitable things to say about how the Fed’s rate hikes have ground up stock and bond investors. His investment-research firm’s economic models turned bearish on stocks and … Read more

The biggest Fed rate hike in 40 years? It could be coming next week.

Desperate times call for desperate measures, and times are, arguably, increasingly desperate. The persistence of high inflation might force the Federal Reserve to resort to the biggest increase in a key U.S. interest rate in more than 40 years. After another dismal U.S. inflation report, economists at the brokerage Nomura Securities on Tuesday became the … Read more