Financial related news.
Income tax filing season is well under way and both state tax officials and the Internal Revenue Service have begun processing payments and refunds. The average wait on a federal tax return filed now is little more than a week for an e-filed, direct-deposited refund, according to the Internal Revenue Service. Changes, however, to both [...]
Central Ohio’s economy is ranked as one of the least economically free among the nation’s largest metropolitan areas. Columbus ranks as the sixth-least economically free metro area based on 2012 out of the 52 largest metro areas, according to libertarian think tank Reason Foundation’s 2019 U.S. Metropolitan Area Economic Freedom Index. The report breaks the [...]
WASHINGTON (AP) — Just how financially secure you feel depends on your age, your race, your education and — perhaps not surprisingly — your income. A new survey by The Associated Press-NORC Center for Public Affairs Research shows that college graduates feel far more confident than high school graduates that they could afford an emergency [...]
WASHINGTON — The U.S. economy, well into its 10th year of growth, still has a spring in its step. And it’s all the more visible when set against a tiring global picture. A robust January jobs report last week showed that America’s companies are, for now, brushing off an array of economic perils and still [...]
NEW YORK (AP) — After gliding through years where stocks mostly just rose, a generation of investors last year suddenly confronted a hard financial truth: Stocks are risky and can plunge at any moment. For older investors, the nearly 20 percent drop in the S&P 500 index from late September through Christmas Eve was a [...]
The state tax department kicks off the annual tax season today, accepting 2018 returns today. The Ohio Department of Taxation expects more than 5.5 million taxpayers will file a return by the end of the filing season April 15. Tax department Communications Director Gary Gudmundson said taxpayers should notice some changes from last year from [...]
NEW YORK — Forty years ago, the thought of buying a stock index fund was ridiculed. Why would anyone be satisfied with an investment that promised nothing more than the same return as the market? Later this year, however, U.S. stock index funds may for the first time control more in assets than mutual funds [...]
LOS ANGELES (AP) — Deep in Gov. Gavin Newsom’s new budget is a figure that says a lot about California’s shaky legal marijuana market: The state is expecting a lot less cash from cannabis taxes. The Democrat’s proposed spending plan, released Thursday, projects the state will bank $355 million in marijuana excise taxes by the [...]
Employers are seeing more new hires rotate out of a position sooner, according to one Columbus firm. Opoc.us, a consultancy firm that works with mid-size companies, said new employees are leaving positions within one to two years instead of five to seven years. Factors that play a role include a new hire’s attitude, gratitude for [...]
NEW YORK (AP) — Welcome to the brave new world of investing, where every day in the stock market can feel like bedlam. Investors have been careening from fear to relief and back again as they react to morsels of news about the health of the economy and corporate profits, the global trade war and [...]