Financial related news.
WASHINGTON (AP) — In this season of giving, charity seems to be getting an extra jolt because this year the popular tax deduction for donations will lose a lot of its punch. Traditionally generous Americans may have less incentive to give to charitable causes this year because of the newly minted tax law. The changes [...]
NEW YORK (AP) — Teams in Texas, Florida, Nevada and Washington state may have become more attractive destinations for free agents following the enactment of tax law changes. Deductions for state and local taxes are capped at $10,000 in the year starting Jan. 1 for married couples filing jointly. That has a huge impact for [...]
No one wants to be caught off-guard when it comes to their finances. So The Associated Press asked several experts to share their opinion on what will happen with some key issues in 2018 that will directly impact your personal financial well-being. Here’s a look at their forecasts: Q. What should I expect from gas [...]
WASHINGTON — Don’t feel bad if you don’t understand how the new tax bill will affect you. Chances are, your accountant doesn’t yet either. From New York to Kentucky to Florida, accountants and tax lawyers are scanning the 1,000 page measure, fielding a swirl of questions from clients and swapping tips via email in their [...]
With its entry into the realm of high-end contemporary art purchases, bitcoin has arrived as a legitimate payment option for luxury items, especially to buyers who wish to have keep their names out of print. Earlier this month, the White Co., which bills itself as the purveyor of fine art and luxury goods to a [...]
WASHINGTON — As the nation’s economy was still reeling from the body blow of the Great Recession, Seattle’s was about to take off. In 2010, Amazon opened a headquarters in the little-known South Lake Union district — and then expanded eight-fold over the next seven years to fill 36 buildings. Everywhere you look, there are [...]
WASHINGTON — Many mainstream economists say they’re appalled by President Donald Trump’s threats to trash trade agreements and tax imports in a blunt-force drive to shrink America’s bulging trade deficits. Yet economists themselves bear some blame for the backlash against free trade and globalization that helped propel Trump to the White House and Britain to [...]
WASHINGTON (AP) — They don’t do tax reform like they used to. The legislation that House and Senate Republicans have embraced has revived memories of Congress’ most recent major tax overhaul three decades ago. But the similarities tend to end there. The Tax Reform Act of 1986 was everything this year’s version isn’t. It was [...]
NEW YORK — Is Santa Claus coming to town? Wall Street thinks — so even though stocks have already exceeded most expectations this year. December on average is the best month for stocks. Investors call the gains a Santa Claus rally: a late-year boost that helps the markets end on a high note. Although there [...]
Americans, by most measures, appear ready to shop this holiday season. Consumer confidence is at a 17-year high, while unemployment is at a 17-year low. The economy appears to be humming, with growth of 3 percent at last measure. And initial numbers show millions more Americans shopped over the long holiday weekend than last year, [...]