If you waited more than a month for the IRS to process your tax return and get a refund last year, you’re in good company. While the IRS prevented $2.7 billion in refunds from being issued to fraudsters between Jan. 1 and Sept. 30, 2019, more than a few legitimate tax returns were held up
Dara Khosrowshahi Patrick T. Fallon | Bloomberg | Getty Images Goldman Sachs sold its entire stake in ride-hailing giant Uber in the fourth quarter, according to a person with direct knowledge of the move. The sale, which likely resulted in a large gain for the early investor in Uber, helped New York-based Goldman beat analysts’
Guido Mieth Americans are spending more with digital payments and credit cards than ever before, as convenience and technology have relegated cash and checks more to the periphery. Online shopping has proliferated on retail websites such as Amazon, mobile payment apps like Venmo have become more popular, and banks have made it as easy to
A fishbone lies on a dry part of the bed of the River Loire at Montjean-sur-Loire, western France on July 24, 2019, as drought conditions prevail over much of western Europe. Loic Venance | AFP | Getty Images Researchers on Wednesday confirmed that 2019 was the second-hottest year ever, capping off the hottest decade in
Bank of America on Wednesday posted profit that exceeded analysts’ expectations on a rebound in trading revenue and as the company repurchased shares. The bank said fourth-quarter profit was $7 billion, a 4% decline from a year earlier. But earnings per share were 74 cents, an unexpected 6% increase, helped by a reduction in outstanding shares.
People pass a sign for JPMorgan Chase at it’s headquarters in Manhattan, New York City. Spencer Platt | Getty Images J.P. Morgan Chase admitted to failures brought to light in a New York Times article last month and said it had taken a series of steps to learn from the episode. In letters to congressmen
Peter Griffith You might have the know-how to strengthen your finances, yet odds are you’re still making bad decisions with your money. Three out of 4 people consider themselves to be financially savvy, although more than half have admitted to making poor money choices in the past year, according to a survey from KeyBank. The
The U.S.-Iran conflict appears to be in the rear-view mirror as stocks soar to record highs and the phase one signing of the U.S.-China trade deal takes center stage, but some are warning that tensions in the Middle East continue to simmer, and may soon reach a boiling point. “A significant change to our outlook
People line up outside the Social Security Administration office in San Francisco. Getty Images If you collect Social Security benefits, you’re probably already eagerly waiting to see what your cost-of-living adjustment will be next year. New, early estimates from The Senior Citizens League, a nonpartisan senior group, point to a possible 1.5% COLA increase for
CHICAGO, IL – OCTOBER 01: Illinois gubernatorial candidate J.B. Pritzker speaks during a round table … [+] discussion with high school students at a creative workspace for women on October 1, 2018 in Chicago, Illinois. Pritzker was joined by his Illinois gubernatorial Lieutenant Governor candidate Juliana Stratton and former Secretary of State Hillary Clinton as