Financial related news.
WASHINGTON — What does Bitcoin have to do with roads and bridges? A lot right now in the U.S. Congress. One way lawmakers propose to pay for the $1 trillion infrastructure bill the Senate approved last week is by imposing tax-reporting requirements for cryptocurrency brokers, the way stockbrokers report their customers' sales to the IRS. [...]
As your financial and professional lives become more complex, going it alone will only get you so far. We all need advice, encouragement and a sounding board from time to time. Leaning on family and friends can help, but it can be difficult for loved ones to give you objective advice. That's why you need [...]
If you're the parent of a young adult, you may be asked to co-sign for a car loan or an apartment lease. Before you agree, know what's at stake — you could be putting your own financial security at risk.  WHAT CO-SIGNING REALLY MEANS When you co-sign, you become fully responsible for someone else's [...]
CHICAGO (AP) — An Illinois tax agency has ruled that former President Donald Trump is due a $1 million refund on the 2011 tax bill for his downtown Chicago skyscraper, but local officials are trying to block the refund. The Chicago Sun-Times reports that at issue is the Cook County Board of Review's estimation of [...]
When you're frequently bombarded with ads for credit cards at big banks, it's easy to overlook credit cards at a local credit union. These not-for-profit organizations typically require membership based on location or affiliation with an employer, a family member or an organization. Major credit card issuers generally don't have these requirements. But while the [...]
For the first time in nearly two decades, only half of U.S. households donated to a charity, according to a study released Tuesday. The findings confirm a trend worrying experts: Donations to charitable causes are reaching record highs, but the giving is done by a smaller and smaller slice of the population. The study, published [...]
In some ways, the U.S. credit reporting system has improved. Credit freezes, which lock our credit information to deter identity theft, are now free and fast. We have free weekly access to our credit reports, courtesy of the credit bureaus Equifax, Experian and TransUnion, until April 20, 2022. Free credit scores provided by banks, credit [...]
SACRAMENTO, Calif. (AP) — California Gov. Gavin Newsom's administration last week announced a major change in how the state pays unemployment benefits, potentially unlocking payments for up to 100,000 people who have gone weeks or months without assistance. Getting unemployment benefits is a two-step process. First, state officials must decide if people are eligible. If [...]
LOS ANGELES — Wall Street is gearing up for a slew of blockbuster earnings over the next few weeks as companies issue their results for the April-June quarter. The heightened expectations reflect companies' improving fortunes this year versus the second quarter of 2020, when much of the economy ground to a halt under restrictions aimed [...]
JEFFERSON CITY, Mo. (AP) — For putting their health on the line during the coronavirus pandemic, prison guards in Missouri got an extra $250 per paycheck. Teachers in Georgia received $1,000 bonuses. And in Vermont, nurses, janitors, retail workers and many others got as much as $2,000. Over the past year, about one-third of the [...]