In this article BAC Follow your favorite stocksCREATE FREE ACCOUNT Bank Of America CEO Brian Moynihan is interviewed by Jack Otter during “Barron’s Roundtable” at Fox Business Network Studios on January 09, 2020 in New York City. John Lamparski | Getty Images Bank of America said Monday that profit and revenue topped expectations on better-than-expected
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Getty Images Workers may want to keep an eye on the balance in their health-care flexible spending account. Temporary rules under the 2020 Cares Act that allowed you to roll over unspent FSA funds from one year to the next or gave you longer to spend the money — if your company adopted the provisions
Emily the Criminal Courtesy: John Patton Ford In the new film “Emily the Criminal,” the title character, played by actress Aubrey Plaza, is almost always in a state of fear. There are moments where Emily’s dread lifts: after one of her successful heists, when she’s painting in her apartment to classical music or when she’s
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On Thursday, the Social Security Administration (SSA) announced the cost-of-living adjustment (COLA) for Social Security payments based on inflation over the previous year. This has brought renewed attention to how the tax code treats Social Security benefits, which can be a confusing subject for taxpayers. Each year, SSA adjusts Social Security benefits for inflation, much like
A smartphone with the Starlink logo displayed on the screen. Sopa Images | Lightrocket | Getty Images Elon Musk said in a tweet Saturday that his company SpaceX would continue to fund Starlink satellite internet terminals for the Ukrainian government as it battles invading Russian forces. “The hell with it,” the billionaire tweeted, “even though Starlink
In this article JPM Follow your favorite stocksCREATE FREE ACCOUNT Jamie Dimon, CEO of JPMorgan Chase, testifies during the Senate Banking, Housing, and Urban Affairs Committee hearing titled Annual Oversight of the Nations Largest Banks, in Hart Building on Thursday, September 22, 2022. Tom Williams | CQ-Roll Call, Inc. | Getty Images JPMorgan Chase on
China’s President Xi Jinping kicks off the ruling party’s 20th National Congress — held once every five years — with an opening speech at the Great Hall of the People in Beijing on Oct. 16, 2022. The week-long event is expected to pave the way for him to stay on for an unprecedented third five-year
Ridofranz | Istock | Getty Images Roth individual retirement account conversions may be alluring when the stock market dips. But it’s easy to make mistakes, financial experts say. The strategy, which transfers pre-tax IRA funds to a Roth IRA for future tax-free growth, may pay off when the market drops because you can buy more
In this article QCOM META PZZA CHEF DHT Follow your favorite stocksCREATE FREE ACCOUNT Source: Papa Johns Investors white-knuckled their way through last week as the major averages swung sharply, fueled by key inflation reports. On Thursday, the Dow Jones Industrial Average leapt 1,500 points from its low of the session to the highest point
Fg Trade | E+ | Getty Images Are you ready for a “second act” in retirement? Sadly, large numbers of Americans heading into their 60s are not — at least from a financial perspective. While the average amount of retirement savings for Americans between the ages of 55 and 64 was $408,000 in 2019, per
Tomekbudujedomek | Moment | Getty Images The historic climate legislation President Joe Biden signed in August offered a federal tax break — worth up to $7,500 — to households that buy new electric vehicles. But it may be tough for consumers to get the full value of the tax credit — at least initially. That’s