Financial related news.
NEW YORK (AP) — Small stocks are delivering the biggest punch on Wall Street. Over the last three months, an index that tracks 2,000 of the smallest stocks in the U.S. market has more than tripled the gains of the big-cap S&P 500. The rally for the Russell 2000 got going Nov. 9 as a [...]
Nothing sparks procrastination quite like a to-do list of financial tasks. Sometimes the only thing scarier than making a financial choice in the first place is making the wrong choice, which can happen when you don't totally understand what you're doing. In that sense, the default — standing pat — is often easiest. Tackling money-related [...]
MADISON, Wis. (AP) — A bipartisan task force that examined a looming retirement savings crisis in Wisconsin is recommending a series of steps to improve the outlook, including creation of first-of-its kind savings accounts for every child born in the state that could be tapped for major purchases and saved for retirement. Bills to implement [...]
Tax filing season will start a bit later this year and look a bit different too. That's because the pandemic that defined 2020 has seeped into tax time too. If you worked from home, received a relief payment, took on some gig work or filed unemployment benefits — or someone filed a fake claim in [...]
SACRAMENTO, Calif. (AP) — Unemployment agencies across the country were bombarded with so many claims during the pandemic that many struggled to distinguish the correct from the criminal. Now, simple tax forms — barely enough to fill a half-sheet of paper — are revealing the extent of the identity theft that made state-run unemployment offices [...]
LOS ANGELES — GameStop and a handful of other stocks whose meteoric rise last month shocked Wall Street began falling back to Earth last week. But the campaign that briefly pushed GameStop up by 1,600 percent at the expense of hedge funds that were betting it would lose value, known as "shorting," could be a [...]
NEW YORK (AP) — Behind GameStop's stock surge is the grim reality of its prospects: The video game retailer is floundering even as the industry around it is booming. GameStop has been swept up in a battle between big-moneyed hedge funds betting against it and small investors trying to prop it up. That has caused [...]
WASHINGTON (AP) — Consumers slowed their spending by 0.2 percent in December, cutting back for a second straight month in a worrisome sign for an economy struggling under the weight of a still out-of-control pandemic. The decline reported Friday by the Commerce Department followed a seasonally adjusted 0.7 percent drop in November. It was the [...]
WASHINGTON — The spread of COVID-19 vaccines will power a stronger global economic recovery in 2021, the International Monetary Fund forecast last week. After sinking 3.5 percent in 2020, the worst year since World War II, the global economy will grow 5.5 percent this year, the 190-country lending organization predicted. The new figure for 2021 [...]
BATON ROUGE, La. (AP) — Insurance companies have paid out $5 billion to thousands of Louisiana customers with damage from the 2020 hurricanes so far, according to data released by Insurance Commissioner Jim Donelon's office that offers the first detailed look at claims. Policyholders have filed nearly 291,000 claims for property damage, business destruction, lost [...]