A bill that cleared the House on Wednesday includes an amendment that would upend securities regulators’ plans to hold brokers to a new standard when giving advice to retail investors. Added to an appropriations bill that passed 224 to 196, the late addition would prohibit the Securities and Exchange Commission from implementing and enforcing a
Atlanta Mayor Keisha Lance Bottoms waits to speak at the Atlanta Press Club luncheon, Tuesday, June 18, 2019, in Atlanta. Andrea Smith | AP City governments are under assault from ransomware, malicious software that infects entire computer networks, freezing up important files and equipment until the organization pays for a key to unlock the information.
Getty Getty Most would agree that the type of job you hold determines how you feel about working. Some jobs just offer more and better benefits. The tasks associated with prestigious and professional occupations make them more ego-gratifying and intellectually stimulating, not to mention better paying. These jobs contribute greatly to one’s emotional well-being because
Shutterstock If you actively trade securities, futures, forex or crypto, consider setting up a trading business to maximize tax benefits. With a sole proprietorship, a trader eligible for trader tax status (TTS) can deduct business and home-office expenses and make a timely Section 475 election on securities for tax loss insurance and a potential qualified
One Brooklyn knitter turned the library in her Park Slope townhouse into yarn storage. Carolina Carvalho-Cross As a millennial knitter for the past dozen years, I’ve come to understand just how much being a maker becomes part of a person’s identity. For me and many of the other knitters, crocheters, fiber spinners and sewers I
Niraj Shah, CEO, Wayfair Ashlee Espinal | CNBC Wayfair drew backlash and calls from some customers for a boycott after employees protested the company’s apparent sale of $200,000 of mattresses and bunk beds destined for a Texas detention camp for migrant children. Under the hashtag #BoycottWayfair, customers and businesses took to Twitter to announce they were
General Mills Cereal boxes Joe Raedle | Getty Images Shares of General Mills tumbled Wednesday after the Cheerios maker’s quarterly revenue fell short of analysts’ estimates as fewer Americans eat its snack foods. The company’s stock, which has a market value of $32.2 billion, fell by more than 5% during premarket trading. Net sales for
Omar Marques | LightRocket | Getty Images Bitcoin rallied above the $13,000 level Wednesday, adding to its double-digit gains this week. The world’s first and largest cryptocurrency soared 15% to a high of $13,485.85 Wednesday afternoon — its highest level since January 2018, according to industry site CoinDesk. The spike brings bitcoin’s one-week gains to
Paychex Access payroll card in Brookline, Mass. Pat Greenhouse | The Boston Globe | Getty Images Shares of Paychex dropped on Wednesday after Bank of America downgraded the stock due to its “excessive valuation” and “underwhelming fundamentals.” The bank slashed its rating for the employment services company to underperform from neutral, while keeping its 12-month
Jim McGuire | Getty Images The Social Security program is approaching insolvency. Social Security costs keep escalating, with future expenses for the program expected to be 20% higher than projected revenue. To that point, action must be taken promptly to prevent an across-the-board benefit cut for many current and future beneficiaries, according to the Social