Financial related news.
When it comes to senior citizens being a drag on a state’s economy, Ohio is in the middle of the pack for that group’s impact on its economy, according to a recent study. The state ranks 23rd for seniors having a negative effect on its economy, according to the Economic Impact of Seniors By State [...]
NEW YORK (AP) — So much for those worries about rising interest rates. Just a few months ago, rising rates were bearing down on everyone from home buyers to stock investors after the Federal Reserve put through seven quarter-point increases in 2017 and 2018. This year, the Fed has changed course. In January, it opened [...]
As the Ohio legislature weighs the pros and cons of Gov. Mike DeWine’s proposal to increase the gasoline tax before the end of this month, a recent study found that the state has the ninth-highest tax rates in the nation. WalletHub calculated the effective total state and local tax rates on the median U.S. household [...]
WASHINGTON (AP) — Patience. A focus on incoming economic data. And no interest rate hikes likely soon. The message the Federal Reserve is poised to send when its latest policy meeting ends this week is a soothing one. It reflects an abrupt shift in tone since the start of the year in the face of [...]
WASHINGTON — The decade-long bull market in stocks was fueled in no small part by the aggressive moves the Federal Reserve took after the 2008 financial crisis and the Great Recession to nurse the U.S. economy back to health. The Fed took the extraordinary step of keeping its benchmark short-term rate at a record low [...]
Wall Street has rewarded its most patient investors handsomely over the past 10 years. Is there more to come? The S&P 500, the U.S. market’s benchmark index, has gained about 309 percent since bottoming out at 676.53 points in March 2009 during the Great Recession, according to FactSet. The index is now 5.4 percent below [...]
NEW YORK (AP) — The bull market for stocks turned 10 years old over the weekend, which puts it way past senior citizen status for a market run. It’s got the scars to prove it. Since rising from the rubble of the financial crisis in 2009, this bull market has faced several near-death experiences. Worries [...]
It’s tough to know all the answers at tax time, particularly in a year with massive tax law changes. Sometimes people need help, but where should they turn? Here are a few options: IRS The IRS has answers to most tax questions online. Its website also has a number of tools to help you find [...]
Franklin County companies were the big winners in the state Tax Credit Authority’s award of tax breaks for economic development proposals this week, resulting in 1, 017 newly created full-time positions, $61.8 million in new annual payroll and retaining $67.5 million existing payroll. The Gap’s planned expansion in Groveport, which includes 600 full-time jobs and [...]
Wait, I owe the IRS? The first tax filing season under the new federal tax law is proving to be surprising, confusing — and occasionally frightening — for some Americans, especially those accustomed to getting money back from the government. Take Andy Kraft and Amy Elias of Portland, Ore. The couple had grown comfortable getting [...]