Financial related news.
COLUMBUS — Want to know how much money governments give away in corporate tax breaks? Good luck. For years, the figure has been incredibly difficult to calculate. That’s because states, cities and other government units haven’t been directed to uniformly report the value attached to the various tax incentives, abatements and financing deals they agree [...]
MERIDIAN, Miss. (AP) — Call them the unrecovered — a handful of states where job markets, nine years later, are still struggling back to where they were before the recession. That’s true in Mississippi, where job numbers and the overall size of the economy remain below 2008 levels. Unlike states that have long since sprinted [...]
NEW YORK (AP) — Many men and women think men are the better investors. They’re wrong. After checking how 8 million of its customers did during 2016, Fidelity Investments found that women did better than men by an average of 0.4 percentage points. The difference in performance is small, and it’s always dangerous to make [...]
CHICAGO — Older white Americans are nearly twice as likely as African-Americans to say they’ve saved enough for retirement, a new poll found. The Associated Press-NORC Center for Public Affairs Research survey also found that African- Americans and Latinos have less financial security than whites and will rely on fewer sources of income during retirement. [...]
Social values may not be the first thing that comes to mind when investing in the stock market, but there are numerous ways for investors to align their portfolios with their beliefs and passions. Values-based investing has been around a while — religious groups have a lengthy history with it — but due to rising [...]
MORRISVILLE, N.C. (AP) — Credit Suisse has long planned to shift jobs to North Carolina as it downsizes, but the Swiss bank says it had to put those plans on hold until the legislature partially repealed the state’s law limiting the rights of gay and transgender people. The bank announced a major expansion in the [...]
HELENA, Mont. (AP) — Dozens of universities and organizations that applied for federal grants to help young people from poor families prepare for college were turned down by the U.S. Education Department because of mistakes that consisted mostly of incorrect margins, the wrong size type or lack of double-spacing. The rejections have triggered an outcry [...]
SANTA FE, N.M. (AP) — It’s being pitched as an educational lifeline for impoverished preschool-aged children and condemned as the latest example of local government overreach sweeping progressive cities from coast to coast. Voters in New Mexico’s capital city have until Tuesday to decide whether to levy a new 2-cents-per-ounce tax on sugary drinks that [...]
WASHINGTON (AP) — U.S. consumers filed nearly 300,000 complaints last year about their dealings with banks, credit card issuers and other financial services companies. Most of those complaints were compiled and made available for anyone to see as part of a database administered by the federal government. But Republicans working to overhaul the financial regulation [...]
NEW YORK (AP) — The math behind your credit score is getting an overhaul, with changes big enough that they might alter the behavior of both cautious spenders as well as riskier borrowers. Most notably for those with high scores: Abiding by the golden rule of “don’t close your credit card accounts” may now hurt [...]