Month: March 2022
Last chance to avoid a 50% penalty on required withdrawals is April 1 for some retirees
If you turned age 72 during the second half of 2021, the deadline for your first annual required withdrawal from retirement accounts is April 1. In many cases, it’s the last chance to avoid a hefty penalty. These required minimum distributions, known as RMDs, apply to both traditional and Roth 401(k) plans, 403(b) plans and […]
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A stock-buying strategy to beat inflation and generate income
Stocks with rising dividends can provide consistent and growing income in an inflationary environment. Source
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Businesses oppose Florida’s ‘Don’t Say Gay’ bill banning discussion of LGBTQ issues in public schools
Revelers celebrate on 7th Avenue during the Tampa Pride Parade in the Ybor City neighborhood on March 26, 2022 in Tampa, Florida. The Tampa Pride was held in the wake of the passage of Florida’s controversial “Don’t Say Gay” Bill. Octavio Jones | Getty Images Florida Gov. Ron DeSantis on Monday signed legislation banning the […]
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Crypto hackers steal over $615 million from network that runs popular game Axie Infinity
Eugene (L) and Ginger Arboleda giving a demonstration on how to play Axie Infinity, an NFT game where players earn tokens that can be exchanged for cryptocurrency or cash, Manilla, December 10, 2021. Jam Sta Rosa | AFP | Getty Images The popular blockchain game Axie Infinity, which lets users earn money as they play, […]
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Sen. Elizabeth Warren lauds Biden billionaires’ tax, calls for even more CEO pay changes
U.S. Senator Elizabeth Warren (D-MA) questions Treasury Undersecretary For Domestic Finance Nellie Liang as she testifies before the Senate Banking Committee, in Washington, D.C, February 15, 2022. Win McNamee | Pool | Reuters Sen. Elizabeth Warren on Tuesday praised the Biden administration’s renewed effort to introduce a new tax on the country’s wealthiest households, calling […]
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Investing Club: Cramer says Disney is a buy — and he’s got an idea to attract more retail investors to the stock
Disney’s booming theme park business may draw more attention from Wall Street in the coming months, according to CNBC’s Jim Cramer. Source
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More contagious omicron BA.2 subvariant now dominant in the U.S., CDC says
A woman takes a coronavirus disease (COVID-19) test at a pop-up testing site in New York City, January 12, 2022. Brendan McDermid | Reuters The more contagious omicron subvariant, BA.2, is now the dominant version of Covid-19 in the U.S., according to data released by the Centers for Disease Control and Prevention this week. The […]
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Sen. Elizabeth Warren says billionaires should pay more taxes to help the ‘next Elon Musk’
Elon Musk and fellow billionaires should pay it forward in taxes to support the next generation of entrepreneurs who can make a difference, Sen. Elizabeth Warren, D-Mass., told CNBC on Tuesday. “I’m happy to celebrate success, but let’s remember, Elon Musk didn’t make it on his own. He got huge investments from the government, from […]
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Rent the Runway could get a big bump from 2022 ‘wedding boom,’ Jefferies says
A rebound in social events like weddings would help the apparel retailer, which saw the pandemic dampen consumer demand for designer wear. Source
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Covid upended the labor market, and now these workers are using their leverage to push for unions
Workers stand in line to cast ballots for a union election at Amazon’s JFK8 distribution center, in the Staten Island borough of New York City, U.S. March 25, 2022. Brendan Mcdermid | Reuters The Covid pandemic pushed Americans to reconsider how and where they work, resulting in a tight labor market, rising wages and what’s […]
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