Month: October 2024

‘Inflation is like a regressive tax,’ economist says — only one group can ‘easily afford’ holiday spending this year

Personal finance
Betsie Van der Meer | Getty Only one cohort of shoppers thinks they have enough financial runway to spend cash this holiday season without rolling into debt — and even so, many in that group anticipate struggling. About half, or 52%, of shoppers with incomes of $100,000 or more believe they can “easily afford” holiday
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Pending home sales took an unexpected leap higher last month, but rates have climbed back up

Real Estate
Signed contracts to buy existing homes in September jumped a surprising 7.4% compared with August, according to the National Association of Realtors. Analysts had been expecting about a 1% gain. These so-called “pending” sales were at the highest level since March and 2.6% higher than September of last year. Since pending sales are based on
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Form 1099-S: What It Is and How to Use It

Taxes
You might receive Form 1099-S this year if you sold a house, some land, or another piece of property. But what does this form mean for your income tax return? Don’t worry — we’ll walk you through everything you need to know about this form, why you got it, and how to easily e-file it.
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Biogen tops estimates, raises profit guidance as Alzheimer’s drug Leqembi gains traction

Earnings
In this article BIIB Follow your favorite stocksCREATE FREE ACCOUNT A test tube is seen in front of displayed Biogen logo in this illustration taken on, December 1, 2021. Dado Ruvic | Reuters Biogen on Wednesday reported third-quarter revenue and adjusted earnings that topped expectations while raising its full-year profit guidance, as sales of its
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Trump’s Income Tax Math Doesn’t Add Up

Taxes
Blog May 15, 2024May 29, 2024 America Should Learn from Successful Universal Savings Policy Across the Pond For U.S. policymakers looking to encourage greater saving and financial security, particularly among low- and moderate-income households facing serious affordability challenges, the experiences in both the UK and Canada indicate that universal savings accounts are an effective policy
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McDonald’s executives say E. coli outbreak is ‘behind us’

Business
In this article MCD Follow your favorite stocksCREATE FREE ACCOUNT McDonald’s Chris Kempczinski speaks about fresh beef expansion at a McDonald’s event in Oak Brook, Illinois. Richa Naidu | Reuters A week after health authorities publicly linked a deadly E. coli outbreak to McDonald’s Quarter Pounder burgers, the company’s CEO, Chris Kempczinski, told investors that
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Alphabet’s two pillars of growth stand tall in the latest quarter. But we’re not ready to act

Earnings
Alphabet shares surged during Tuesday’s after-hours trading following the Google parent’s better-than-expected quarterly revenue and earnings on cloud and advertising strength. Total revenue for the three months ended Sept. 30 climbed 15%, or 16% on a constant-currency basis, to $88.27 billion, better than estimates of $86.3 billion, according to LSEG. Adjusted earnings-per-share (EPS) surged 37%
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China’s property market is expected to stabilize in 2025 — but stay subdued for years

Real Estate
Residential buildings under construction at China Vanke Co.’s Isle Maison development in Hefei, China, on Nov. 27, 2023. Bloomberg | Bloomberg | Getty Images China’s struggling real estate sector may not start turning around until the second half of next year — even with the latest stimulus measures, three research firms predicted this month. After
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