Month: July 2019

Treasury Secretary Steven Mnuchin Jonathan Ernst | Reuters Treasury Secretary Steven Mnuchin has concerns about Facebook’s cryptocurrency and its potential illicit use. In a press conference Monday, he Facebook’s proposed digital currency, Libra, “could be misused by money launderers and terrorist financiers” and that it was a “national security issue.” The press conference comes days
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Social Security may be one of your largest assets. What and when you collect will make a huge difference to your lifetime benefits. Today’s column addresses whether Social Security benefits can increase even without continued income, filing a restricted application, potential ramifications of filing at 62 for divorced spousal benefits, benefit eligibility after remarriage and
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Depending on your perspective, shopping can be a fun pastime or must-do drudgery. Either way, it eventually becomes unavoidable. While shopping, we are bombarded with multiple choices of products and services. No matter what we are searching for, there are endless options. In some cases, we may make comparisons based on factors such as monetary
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The House will vote Wednesday on repealing the “Cadillac tax.” The  bill would repeal the Affordable Care Act’s 40 percent excise tax on certain high-cost employer-sponsored health insurance plans. The levy, which has been twice-delayed and is not scheduled to take effect until 2022, is projected to raise about $193 billion from 2022-2029. But the
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IRS-CI Chief Don Fort speaks during an IRS Criminal Investigation 100th year anniversary event. Photographer: Andrew Harrer/Bloomberg © 2019 Bloomberg Finance LP One hundred years ago, six United States Post Office Inspectors were transferred to the Bureau of Internal Revenue (now Internal Revenue Service) to become the first special agents in charge of a new crime
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James Gorman, chief executive officer of Morgan Stanley. Michael Nagle | Bloomberg | Getty Images Here are the biggest calls on Wall Street on Friday: Citi upgraded Morgan Stanley to ‘buy’ from ‘neutral’ Citi said that Morgan Stanley‘s upcoming earnings may be “difficult,” but it likes the firm’s “limited rate exposure.”  “While 2Q19 is expected
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