Financial related news.
WASHINGTON (AP) — About a year ago, Federal Reserve officials were nervous. Markets were cratering. Fear about a trade war was rising. The officials needed to know if the turmoil was chilling consumer spending. Problem was, a partial shutdown of the government had halted the release of most economic data. So Fed officials did something [...]
Nina Olson is the former National Taxpayer Advocate, where she represented the voice of the taxpayer within the IRS and before Congress for 18 years. As part of her job, she oversaw the Office of the Taxpayer Advocate Service, which has staff and offices around the nation. While her role was within the IRS, it [...]
WASHINGTON (AP) — The U.S. economy expanded at a moderate 2.1 percent annual rate in the final three months of 2019, capping a year when a weak global landscape and a sharp pullback in business investment resulting from President Donald Trump's trade fights combined to slow growth. The fourth-quarter rise in the gross domestic product [...]
BOSTON (AP) — Most universities made money on their financial investments last year, but their returns were tempered by a global economic slowdown fueled by America's trade war with China, according to an annual survey of school finance chiefs. The survey, released Thursday, found that college and university endowments returned an average of 5.3 percent [...]
DETROIT (AP) — The average sale price of a new vehicle hit a record of just over $39,000 late last year, a figure that chased many buyers out of the market and into used vehicles, which could set a sales record. The shift to used, aided by millions of late-model vehicles coming off two- and [...]
Central Ohio’s economic activity last year was on par with 2018, according to Yelp data. The Columbus area’s economy ranked 15th among the top 50 metropolitan areas in the online business directory company’s first-ever annual Yelp Economic Average report, which compares the city’s economic activity to previous local economies reports. “As the local economy goes, [...]
NEW YORK — Environmentally conscious investing received a lot of attention earlier this month after the world's largest asset manager said it plans to put climate change and sustainability at the center of its investment approach. The decision by BlackRock Inc. should create more investment opportunities for those interested in funds that take environmental, social [...]
The new year often starts harshly for people with high-deductible health insurance. Many deductibles reset Jan. 1, forcing patients to pay thousands of dollars for care or prescriptions before most insurance coverage starts. Such a financial hit can be brutal for patients with cancer or a chronic condition, some of whom may have just satisfied [...]
LONDON — Will Big Ben bong for Brexit? Not unless British taxpayers cough up the bucks. The bell of Britain's Parliament has been largely silent since 2017 while its iconic clock tower undergoes four years of repairs. Brexit-backing lawmakers are campaigning for it to strike at the moment Britain leaves the European Union — 11 [...]
Retirement is an ever-changing landscape. What used to be retirement at 62 is now 67, and some are steering clear of traditional ways of saving for their Golden Years. A new law that took effect on Jan. 1 has changed some retirement rules. The SECURE Act — which stands for “Setting Every Community Up for [...]