Financial related news.
Regardless of how midterm elections turn out, Wall Street usually ends up a big winner. The S&P 500, the stock market’s benchmark index, has climbed in the 12 months after each of the midterm elections going back to 1946. That’s 18 elections, many of which ended up shuffling the balance of power in Congress. “It [...]
The structure of Ohio’s tax system ranked poorly in a recent report from the Tax Foundation, a Washington, D.C.-based think tank. The state ranked 42nd, down from 41st in each of the last two reports, in the organization’s 2019 State Business Tax Climate Index, ranking among the 10 worst states with on the year’s index. [...]
WASHINGTON (AP) — Last week’s dizzying sell-offs in the financial markets have been a rude reminder that the economy is no longer relying on ultra-low interest rates to fuel growth. Borrowing costs are rising for companies, homebuyers and the federal government — all of which could eventually dampen economic growth. Yet the climb in interest [...]
NEW YORK (AP) — Close to one in five Americans who’s 65 or older is still working, the highest percentage in more than half a century. And the one who’s still working may be better off. As more and more Americans delay retirement, it’s those with a college degree that find it easiest to keep [...]
WASHINGTON (AP) — Big real estate developers like Donald Trump have long benefited from myriad legal loopholes and breaks that can shrink their tax bills. Their advantages expanded further with the federal tax overhaul that took effect this year. Even before the new tax law, the U.S. tax code provided loopholes and special breaks that [...]
About half of young Americans expect to be financially better off than their parents, according to a new poll, a sign that the dream of upward mobility is alive but somewhat tempered. The poll, by The Associated Press-NORC Center for Public Affairs Research and MTV, found that half of 15 to 26-year-olds think they eventually [...]
Central Ohio’s economy is the sixth-largest in the Midwest and 30th in the nation according to new figures from the federal government. Columbus’ economy, based on goods ands services, has a gross domestic product valued at $136.3 billion, according to data from the Bureau of Economic Analysis. The region grew 2.1 percent in 2017 from [...]
Central Ohio ranked among the top 30 largest cities that had the highest share of “free and clear” homeowners, according to a recent study. Columbus ranked 28th among the cities with the highest share of homeowners without mortgage debt obligations, according to a study from LendingTree, an online loan marketplace company. "As home prices rise, [...]
WASHINGTON (AP) — The “gig” economy might not be the new frontier for America’s workforce after all. From Uber to TaskRabbit to YourMechanic, so-called gig work has been widely seen as ideal for people who want the flexibility and independence that traditional jobs don’t offer. Yet the evidence is growing that over time, they don’t [...]
NEW YORK (AP) — Reefer Madness has gripped Wall Street. Investors are craving marijuana stocks as Canada prepares to legalize pot next month, leading to giant gains for Canada-based companies listed on U.S. exchanges. Some experts are concerned that the ending will be a buzzkill. Billions of dollars have poured into the stocks in the [...]