Month: June 2022
This first half ranks among the market’s worst on record. Here’s what typically happens next
The first half of this year ranks among the worst on record for stocks, with the S & P 500 losing more than a fifth of its value. But the selling could ease a bit in the second half if the history of similar terrible starts is any guide. Mounting fears of a recession caused […]
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Republican draft bill would tighten rules for finance firms using customer information
Rep. Patrick McHenry, a Republican of North Carolina and ranking member of the House Financial Services Committee, speaks during a hearing in Washington, D.C. Andrew Harrer | Bloomberg | Getty Images A new draft bill from House Financial Services Ranking Member Patrick McHenry, R-N.C., lays the groundwork for how the GOP will tackle financial data […]
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With or without a federal gas tax holiday, here are 4 ways to save money at the pump
The recent run-up in gasoline prices is now being felt nearly across the board. The national average for a gallon of gas is currently $4.94 after topping $5 per gallon for the first time ever earlier this month, according to AAA. Last year at this time, the price was $3.07 per gallon. The increase has put a severe […]
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We’re trimming a winner we still believe in to raise some cash and right-size our position
We do not want to be greedy like we were with our oil names. We do not want to make the same mistake twice. Source
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Suze Orman has a warning for those who want to quit in the Great Resignation
44% of workers are worried about a layoff, job loss Despite the collective optimism around the current job market, 44% of workers are worried about a layoff or job loss, CNBC’s All-America Workforce Survey found. Some 84% are concerned about a recession. Economists are starting to raise their recession probability outlooks. On Monday, Goldman Sachs […]
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Instagram testing new ways for teens to verify they’re 18 years old, including video selfies
A person using Instagram. Lorenzo Di Cola | NurPhoto via Getty Images Instagram announced Thursday that it’s testing new options in the U.S. to verify that users are 18 years old. To address the concerns of lawmakers and parents, Instagram is requiring users who attempt to edit their age from under 18 to 18 or […]
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Jan. 6 hearing to spotlight Trump’s pressure on DOJ and plan to replace attorney general
Former President Donald Trump appears on screen during the fourth hearing by the House Select Committee to Investigate the January 6th Attack on the US Capitol in the Cannon House Office Building on June 21, 2022 in Washington, DC. Mandel Ngan | AFP | Getty Images The House select committee investigating the Jan. 6 Capitol […]
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FDA bans Juul e-cigarettes as government pursues broader crackdown on nicotine products
The Food and Drug Administration announced Thursday that it will ban the sale of Juul e-cigarettes in the U.S. The decision is part of the agency’s broader review of the vaping industry following years of pressure from politicians and public health groups to regulate the segment as strictly as other tobacco products after vaping became […]
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Supreme Court strikes down New York gun law restricting concealed carry
A U.S. Supreme Court police officer stands past gun-rights demonstrators outside the Supreme Court in Washington, D.C., U.S., on Monday, Dec. 2, 2019. Andrew Harrer | Bloomberg | Getty Images The Supreme Court on Thursday struck down a New York state law that requires applicants for a license to carry a concealed gun to have […]
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Tax return backlog is still ‘crushing the IRS’ — and taxpayers — as pileup exceeds 21 million, agency watchdog reports
IRS Commissioner Chuck Rettig testifies before the Senate Finance Committee on April 7, 2022. Kevin Dietsch | Getty Images News | Getty Images The IRS backlog of tax returns has swelled over the past year, despite efforts to clear the pileup, according to an agency watchdog. There were 21.3 million unprocessed paper returns as of […]
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