Pessimism among investors shouldn’t deter people from carefully buying shares of high-quality companies that have endured massive declines, CNBC’s Jim Cramer said Friday after a widespread sell-off in the stock market. On Thursday, survey results from the American Association of Individual Investors showed that pessimism among retail investors was at its worst in some 5½
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The Trump administration announced on Thursday that it will automatically cancel $150 million in student debt. Some 15,000 former students, whose schools closed while they were in attendance, will now have their debt erased. The department estimates that the forgiven loans will add up to around $150 million. “For them, it’s going to be a
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Moms are busy. That goes without saying. Between chauffering kids to activities and likely working a full-time job, finding extra time for anything else is next to impossible. But yet, it’s also necessary. Many moms manage the entire household. That means everything from laundry and cooking to paying bills and overlooking the finances. But when
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The plunge in Johnson & Johnson‘s stock price following a report suggesting the company knew about asbestos in its baby powder is overdone and “excessive,” Wells Fargo told clients Friday. Wells Fargo, which said it still believes JNJ’s stock will outperform despite the allegation, said the selling based purely on the outcomes of any talc
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Share to facebook Share to twitter Share to linkedin IRA individual retirement account written on wooden cubes.Getty Royalty Free Individual Retirement Accounts (IRAs) have become the go-to vehicles for holding retirement assets in the United States. In fact, IRAs now house more wealth in 2018 than all 401(k) accounts. IRAs represent about one-third of the
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Getty The Internal Revenue Service (IRS) has issued the 2019 standard mileage rates. Beginning on January 1, 2019, the standard mileage rates for the use of a car, van, pickup or panel truck will be: 58 cents per mile for business miles driven (up from 54.5 cents in 2018) 20 cents per mile driven for medical or
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Even if your clients didn’t owe money last tax season, it’s more important than ever for them to start planning for the upcoming tax season now due to tax reform changes. Here are tips for end-of-year planning to help maximize their refunds from Intuit senior tax analyst Mike D’Avolio. With reduced tax rates due to
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A recent paper by Mohsen Mohaghegh of Ohio State University discusses two main trends related to U.S. entrepreneurs: the decrease in the number of entrepreneurs and the increase in their borrowing. Entrepreneurs have increased their debt holdings relative to their assets over the past three decades. Greater opportunities for financing new investments, rising business costs,
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Your tax filing status makes a big difference in your tax return when you file. Many people simply choose the status they believe best fits their personal situation, but in some cases, you may have more than one option. At that point, it’s up to you to pick the status that offers you the most
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Maryland and Washington, D.C. officials unleashed a burst of subpoenas seeking financial records that would penetrate Donald Trump’s closely guarded trust and business and reveal whether the president is profiting off foreign governments. Among the investigative demands issued Tuesday to more than 30 business entities, competitors and government agencies is a request for state and
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