|
Government funding difficulties create gloom for federal workers before Christmas The Associated PressGovernment Shutdown and Travel: What to Know About Flights, Passports and More The New York TimesAmerica's maxing out its bah-humbug energy CNNHow a shutdown could affect a new Congress and Trump's inauguration NBC News
|
|
Despite missing deadline, Congress avoids government shutdown by passing spending bill without Trump's debt ceiling raise FortuneGovernment Shutdown Live Updates: Latest News on Spending Bill and House Vote The New York TimesCongress avoids a shutdown but leaves 'a big mess' for Trump and Republicans in 2025 NBC NewsGovernment funding bill clears Congress and heads to President Biden, averting a shutdown The Associated Press
|
RELATED ARTICLES | | |
|
Death toll from German Christmas market car-ramming rises to four, Bild reports ReutersLive updates: Saudi man arrested following German market attack CNNSuspect in German Christmas Market Ramming Had One Main Enemy: Islam The Wall Street JournalKompany, Rose shocked after Magdeburg incident ESPNGerman Christmas market attack toll rises to
|
RELATED ARTICLES | | |
|
Starbucks baristas are strikings across cities ahead of the holidays.
|
|
CPS school board votes to fire CEO Pedro Martinez Chicago Sun-TimesMayor Johnson's interim CPS board votes to fire CEO Martinez Yahoo! VoicesCPS board meeting today: Mayor Brandon Johnson's interim board votes to fire Pedro Martinez, Chicago Public Schools CEO ABC7 ChicagoChicago Board o
|
|
Some Amazon drivers held small protests this week to highlight conditions they say need to be improved and urged other drivers to join the teamsters union.
|
|
Biden withdraws education rules on student loan relief, trans athletes The Washington PostBiden-Harris admin rolls out another $4.28 billion in student loan handouts Fox NewsBiden forgives $4.28 billion in student debt for 54,900 borrowers CNBC
|
|
Congress passes RFK bill in surprise move, giving D.C. control of stadium site The Washington PostD.C. a realistic option for Commanders' stadium after political Hail Mary The Washington PostSenate passes RFK Stadium bill NBC SportsAnother Commanders Hail Mary: Senate passes RFK Stadium bill in overnight vote WJLA
|
|
The Federal Reserve is starting to contend with how President-elect Donald Trump and his ambitious policies could influence inflation in 2025.
|
RELATED ARTICLES | | |
|
Senate passes Social Security benefits boost for many public service retirees The Associated PressCongress Approves Full Social Security Benefits for Public Sector Retirees The New York TimesSocial Security measure passes Senate, sending it to Biden POLITICOU.S. Senate C-SPAN More! on the windfall elimination provision and government pension offset Government Executive
|
|
"I read that the bank discourages people from storing jewelry and coins in the boxes, so I did not rent one."
|
|
Health care reforms, a crackdown on junk fees, pay hikes for lawmakers and more were jettisoned from the legislation
|
|
4 ways artificial intelligence revealed the unexpected in 2024 CNN
|
|
As economic inequality rises, young Americans are left with a choice between settling for less and setting their sights higher.
|
|
ZDNET's product of the year: Why Oura Ring 4 bested Samsung, Apple, and others in 2024 ZDNetI wore an Oura Ring for all of 2024. Here's why I love it and why I'm concerned Digital TrendsOura Ring Boxing Day Sale 2024: Save £200 in early deals now live... talkSPORTI tested the new Oura Ring 4 - here's why it's the best smart ring Express
|
|
Elon Musk Cries Conspiracy Over Claims He's Usurped Trump's Power The Daily BeastThe limits of the MAGA-verse AxiosElon Musk Is Donald Trump's Wrecking Ball BloombergElon Musk's X Endgame The AtlanticThe Government Is Shutting Down Because Elon Musk Has Factories in China The American Prospect
|
|
Quantitative tightening at the Federal Reserve may keep upward pressure on 30-year fixed mortgage rates for the foreseeable future.
|
|
Volkswagen agrees deal to avoid Germany plant closures BBC.comVolkswagen Aims to Reduce Workforce by 35,000 in Deal With Union The Wall Street JournalWhat's in Volkswagen's deal with the unions in Germany? ReutersVW, Union Agree to Cut Capacity and Keep German Plants Open Bloomberg
|
|
The retailer known for themed party decor, birthday balloons and Halloween costumes is reportedly "winding down" immediately.
|
RELATED ARTICLES | | | | |
|
The chicken chain is making a strategic pivot towards the growing demand for customizable, sauce-heavy meals.
|
RELATED ARTICLES | | | | |
|
As Chicago Public Schools faces deficits of around $500 million, two Board of Education votes could affect district finances for years to come.
|
|
Trump Media & Technology Group Corp.'s stock fell about 6% Friday after Donald J. Trump transferred his entire $4 billion stake in the company into a revocable trust, according to filings.
|
|
Chicago school board fires Chicago Public Schools CEO Pedro Martinez after months of tension ChalkbeatCPS board meeting today: Mayor Brandon Johnson's interim board votes to fire Pedro Martinez, Chicago Public Schools CEO ABC7 ChicagoChicago Board of Education votes to fire CPS CEO Pedro Martinez WGN TV Chicago
|
|
You can't plan for the new year until you complete these checkups.
|
|
Biden Withdraws Proposed Regulations on Student Loans and Trans Athletes The New York TimesBiden forgives $4.28 billion in student debt for 54,900 borrowers CNBCBiden announces $4.28 billion in student loan relief for 55,000 borrowers ABC News
|
|
JPMorgan Chase, Bank of America and Wells Fargo sued for failing to prevent fraud on Zelle CNNIn a lawsuit, CFPB says 3 top U.S. banks failed to protect consumers from Zelle fraud NPRCFPB sues JPMorgan Chase, Bank of America and Wells Fargo over Zelle payment fraud CNBC
|
|
Chicago Board of Education Votes to Fire Leader of City's School System The New York TimesMayor Brandon Johnson's interim Chicago Board of Education votes to fire CPS CEO Pedro Martinez ABC7 ChicagoCPS CEO goes to court in last minute attempt to save job before Friday board meeting Chicago TribuneChicago Board of Education votes unanimously to fire CPS CEO Pedro Martinez FOX 32 Chicago
|
|
Amazon and Starbucks workers are on strike. Trump might have something to do with it The Associated PressCentral Virginia Teamsters labor union joins nationwide strike against Amazon WRIC ABC 8NewsDemonstrators picket Amazon warehouse in Bondurant KCCI Des Moines‘Packages and profits over people': What it's like to be an Amazon driver and why some are on strike CNN
|
|
The mood at Party City was far from festive Friday, as CNN reported that the retailer will abruptly shut down its stores and let all employees go at the end of the day, ending a run of nearly 40 years. Party City specialized in items such as balloons, Halloween costumes, and party goods, and CNN...
|
RELATED ARTICLES | | |
|
Dennis Porter is now seeing the culmination of years of hard work and his single-minded dedication to the idea that bitcoin can serve as a national strategic asset.
|
|
Action against Bank of America, JPMorgan Chase and Wells Fargo may not survive President-elect Donald J. Trump's return to office.
|
|
After its quarterly results beat Wall Street expectations the apparel maker's new chief, Elliott Hill, said a rebound would require fundamental changes in strategy.
|
|
There have been six government shutdowns since 1978 that lasted five days or more, and the S&P 500 stock index gained in the four most recent shutdowns.
|
|
Fed Chair Jerome Powell's comments on Bitcoin and rate cuts have rattled cryptocurrency investors.
|
|
If the government partially shuts down Saturday, over 150,000 federal employees will be furloughed or told to work without pay.
|
|
The legislation avoids a shutdown, funding the government through March 14.
|
RELATED ARTICLES | | |
|
Sega considering Netflix-like game subscription service BBC.comView Full Coverage on Google News
|
|
Stifel, TD Cowen and Susquehanna analysts praised the move and boosted their price targets for the delivery giant's stock.
|
|
Foot Locker, CVS Health and Charles River Laboratories are among hard-hit stocks that look ready to recover.
|
|
The consumer financial watchdog says customers of the top three banks lost more than $870 million over seven years due to a lack of safeguards against fraud on the Zelle network.
|
|
Customers across the three banks have lost a combined $870 million since Zelle launched in 2017, regulators claim.
|
|
Zelle, a peer-to-peer payments network run by bank-owned fintech firm Early Warning Services, allows for instant payments to other consumers and businesses.
|
|
In 2024, brands leaned into creators that had unique perspectives to reach specific demographics. But brands also need to stay ahead of the curve in finding the next big creators to work with. The next wave of creators are appealing to Gen Z audiences with niche content about topics like beauty, politics, and education. ADWEEK...
|
|
Let the games begin! When Squid Game returns to Netflix on Dec. 26, its tentacles are guaranteed to grasp hold of the global pop culture conversation. A new campaign from the streamer and WhatsApp hopes to make the messaging platform the forum of choice for the South Korean show's international fanbase. The campaign includes two...
|
|
The automaker agreed to keep all 10 of its factories in Germany open and to guarantee workers' jobs until the end of 2030.
|
|
 Target announced a new assortment of fall-themed products - a harvest of pumpkin and apple flavors - in stores and online starting Sunday, Aug. 27.
|
|
Stocks capped off a terrible week with another slide as a warning from one of Wall Street's bellwether firm's stoked concern about the U.S. economy.
SEE MORE 10 Electrifying EV Stocks Worth Watching
After Thursday's close, delivery giant FedEx (FDX, -21.4%) - whose financial results are often seen as a read on broader economic conditions - issued preliminary fiscal first-quarter earnings and revenue figures that were well below estimates. The company cited a recent acceleration in "global volume softness," and specifically pointed to "macroeconomic weakness in Asia and service challenges in Europe." FDX also withdrew its outlook for the full fiscal year, and said it is initiating several cost-cutting measures to offset the effects of lowered demand, including deferring staff hiring, closing 90 FedEx office locations and ending Sunday operations for several FedEx Ground locations. The company is slated on the earnings calendar to report its full quarterly results after next Thursday's close.
Wall Street's nerves were already frayed ahead of FedEx's financial warning, as this week's red-hot inflation reading all but assured another large rate hike from the Federal Reserve at next week's meeting. But an additional contributing factor to this week's massive volatility is likely today's quadruple-witching options expiration, which is when index futures, index options, stock options and individual-stock futures all expire at once. This happens four times a year - on the third Friday in March, June, September and December - and sometimes leads to heavy volume and erratic moves in
|
|
Editor's note: This is part six of a seven-part series. It dives more deeply into the second strategy for defusing a retirement tax bomb, implementing asset location. If you missed the introductory article, you may find it helpful to start here.
Most investors have heard of asset allocation, but asset location is another story - and it could help investors with large tax-deferred savings reduce their tax bills in retirement.
SEE MORE When It Comes to Your RMDs, Be Very, Very Afraid!
Asset allocation refers to how a portfolio is allocated to various asset classes that have different historical investment returns and standard deviations. The simplest example is a stock-bond allocation, such as a 60% stock, 40% bond allocation, which is a common allocation for retirees. But there are dozens of more granular asset classes that can be managed as well, for example, U.S. large cap stocks or international small cap value stocks. Asset allocation is critical to effectively diversify your portfolio and reduce risk.
Asset location is different portfolio management strategy: one that few clients I meet have heard of. Few financial advisers implement it as well. Asset location seeks to minimize taxes by placing different asset classes in specific tax buckets (taxable, pre-tax, tax-free).
Putting Asset Location into Practice
In a nutshell, here's how asset location works:
Typically, you want to place investments with low expected returns, such as bonds, into tax-deferred accounts.Place investments with high expected returns, such as small value or emerging market st
|
|
