The Federal Reserve‘s decision to cut interest rates 25 basis points for the first time in over a decade marked a dramatic shift in monetary policy. It will be felt by Americans across the board. After raising the federal funds rate nine times in three years, with the last move coming in December as financial
Social Security benefits Adobe Stock Photo On August 14, 1935, President Franklin D. Roosevelt signed the Social Security Act into law. Its focus was to provide financial benefits to retirees based upon payroll tax contributions. The Act established the Social Security Administration which was created to oversee the administration and logistics of the program. According
Getty On Monday, I gave a speech in front of the National Association for Enrolled Agents (NAEA) about challenges in the tax profession. One of the things that I talked about was the importance of following the rules. Today, a district court judge ruled against the Internal Revenue Service (IRS) on just that point: they
Logan’s Crossing in Chicago’s Logan Square is among a new breed of multifamily buildings with groceries in or near the buildings. Fifield Cos. These days, multifamily developers vie avidly on amenities designed to lure renters and buyers. Smart home features, golf simulators, bike kitchens and refrigerated package lockers are just a few line items on
Allyson Felix (center) and Brionna Thomas run in a women’s 400m semifinal during the USATF Championships at Drake Stadium in Des Moines, July 26, 2019. Felix finished third in 51.45 to advance to the final in her first competition since giving birth to her daughter Camryn Ferguson on Nov. 28, 2018. Kirby Lee | USA
Apple said on Tuesday that its services business in the fiscal third quarter grew about 13%, reflecting the company’s effort to expand in subscription products as the iPhone sales slow. Revenue in services, which includes the App Stores Apple Care, Apple Pay, iCloud and Apple Music, increased to $11.46 billion from $10.17 billion a year
A container ship moored at the Piraeus Container Terminal in Greece on June 6, 2016. Alkis Konstantinidis | Reuters While investors look for clues about the health of the global economy, a research and analytics unit under S&P Global said a “hidden” segment of debtors is flashing early signs of trouble. Those borrowers are small
Sir Richard Branson is honored with star on the Hollywood Walk of Fame on October 16, 2018 in Hollywood, California. Axelle/Bauer-Griffin | FilmMagic | Getty Images Fulfilment does not come from material possessions, billionaire Richard Branson said in a new blogpost, claiming he “never set out to make money.” “I truly believe that ‘stuff’ really
Traders work on the floor of the New York Stock Exchange (NYSE) on February 6, 2018 in New York City. Spencer Platt | Getty Images News | Getty Images The Federal Reserve is expected to cut rates this week for the first time since 2008, potentially giving investors the green light to play offense. CNBC
Retiring as a millionaire may seem like a fantasy rather than a practical financial goal, yet it’s possible with savvy monthly saving. Reaching that milestone, however, takes determination, especially if you don’t start until later in life. Luckily, personal finance site NerdWallet crunched the numbers, broken down by age group, to demonstrate how much you’ll