Felicia says more wet weather is expected around the Palm Beaches on Wednesday.
Alaska currently has no income or state sales tax. Technology has made it easier for individuals and businesses to move to states--or countries--with lower tax rates, says Joe Henchman, vice president of legal and state projects for the Tax Foundation, a policy research organization based in Washington, D.C. "Everybody is under the gun to be more competitive, whether it's government or the private sector," he says.
OPEC's campaign to prop up oil prices is getting unlikely support from its biggest customer. (Bloomberg) -- OPEC’s campaign to prop up oil prices is getting unlikely support from its biggest customer. China’s production is forecast to fall by as much as 7 percent this year, extending a record decline in 2016, according to analysts at CLSA Ltd., Sanford C. Bernstein & Co. and Nomura Holdings Inc. That’s about the same size as the output cut agreed by Iraq, the second-biggest producer in the Organization of Petroleum Exporting Countries, which late last year reached a deal to trim supply to support prices. “China’s domestic crude output decline will certainly help OPEC’s plan to reduce global supply,”
At least 50 factories are under the lens of authorities in the Chinese city of Tianjin for reportedly producing fake seasonings. The manufacturing units were using illegal ingredients like industrial salt in seasoning including soy sauce and vinegar, a local media report said. The official probe came after a local media agency – the Beijing News – did an investigation and came to know about the existence of these units on Monday (16 January). The factories were used to produce fake products under the brand name of famous goods, including Maggi, Knorr, Lee Kum Kee, Haday and Nestle. The China Food and Drug Administration (CFDA) said in a statement later on Monday (16 January) that it had sent
Sears Holdings Corp. is using everything in its arsenal to stay afloat, but that still won’t be enough if the company can’t make its brand more relevant and generate sales, experts say. Last week, Sears (SHLD) announced it had sold its Craftsman tool brand for $900 million to Stanley Black & Decker Inc. (SWK), the latest move in an effort to keep the business going. The sale came after Sears announced a new credit facility with funds run by Chief Executive Eddie Lampert of up to $500 million, secured by mortgages on 46 real estate properties.
It's somewhat unusual to look to the technology sector for dividends and value, but Apple is no ordinary company. Apple's hoard of cash and securities has swollen to $67.3 billion. Apple might never achieve the growth rates it enjoyed when the iPhone was first ascendant.
The government ethics officer who last week criticized President-elect Donald Trump for his decision not to divest himself of his assets before taking office is now under fire from both Trump’s transition team and the chairman of a committee in the House of Representatives that could stand in the way of his agency’s legislative reauthorization. Without presenting any evidence, Reince Priebus, Trump’s incoming chief of staff, on Sunday accused Walter Shaub, the head of the Office of Government Ethics, of being ethically compromised himself. The anger at Shaub arose primarily from remarks he delivered at the Brookings Institution last week, in which he declared Trump’s plan to hand over management of his company to his sons while retaining ownership a “meaningless” gesture that does nothing to ameliorate the conflicts of interest he will face as president.
Johnny Depp sued his former business managers on Friday alleging they mismanaged his earnings throughout a lucrative period of his career, although the company says the actor's spending is to blame.
Tax season is almost here, and if you're like most taxpayers, you'll soon be looking high and low for ways to pay less to Uncle Sam -- or to get a bigger refund. One way that most Americans can cut their tax bill and take a step forward in saving for retirement is to contribute to a traditional IRA. Indeed, the average taxpayer who took advantage of this tax break got a deduction of nearly $5,000. Yet only a tiny fraction of those who are eligible actually make those deductible contributions. Let's look more closely at deducting contributions to traditional IRAs to see whether you could benefit from doing so. Why a traditional IRA contribution is a smart move The most common reason why people
Niki Lauda believes new Mercedes signing Valtteri Bottas can be as fast as the man he replaced, retired Formula One world champion Nico Rosberg. "Bottas is the best man (for the job). "We can start the season in a very calm and confident manner with the pair of them," added the Mercedes team's non-executive chairman.
The eight tycoons' net worth, as calculated by Forbes magazine, was cited Monday by anti-poverty activists Oxfam in a report highlighting income inequality. Gates co-founded Microsoft in the mid-70s, growing it into the world's biggest software company and helping to make computers a household item. The richest person in Europe, Ortega opened the first Zara fashion shop in 1975.
European Union nations bracing for the looming Donald Trump presidency showed defiance Monday in the face of the president-elect's stinging comments on everything from NATO and German cars to the crumbling of the EU itself. Trump also said Britain's decision to leave the 28-nation European Union would "end up being a great thing," and he predicted that other countries would also leave.
Consider the math: According to Bankrate.com, the highest yield you can expect from a money market account right now is 1.26%. There's no denying that the stock market can take you on a bumpy ride, so your fears are understandable. Savings earmarked for retirement are particularly well suited for the stock market.
FRANKFURT/BERLIN (Reuters) - U.S President-elect Donald Trump warned German car companies he would impose a border tax of 35 percent on vehicles imported to the U.S. market, a plan that drew sharp rebukes from Berlin and hit the automakers' shares. In an interview with German newspaper Bild, published on Monday, Trump criticized German carmakers such as BMW (BMWG.DE), Daimler (DAIGn.DE) and Volkswagen (VOWG_p.DE) for failing to produce more cars on U.S. soil.
In case you needed one more way — or reason — to buy things from Amazon, here it is. The retailer AMZN, +0.43% on Wednesday announced its new Amazon Prime Rewards Visa Signature credit card, which will offer 5% back to customers who are members of Amazon Prime, which itself costs $99 per year to join. It also offers 2% back at restaurants, gas stations and drugstores and 1% back on all other purchases. There is no cap on the amount of rewards cardholders can earn. It is a Visa card V, -0.25% issued through Chase JPM, +0.53% The card has no annual fee and does not charge foreign transaction fees, and charges 14.74% to 22.74% annual percentage rate on unpaid balances versus the average credit
The outgoing director of the Central Intelligence Agency, John Brennan, had strong words for President-elect Donald Trump on Sunday, just days after the incoming commander in chief compared the US Intelligence Community to Nazis and repeatedly suggested that the CIA and others were actively working against him. In an interview with Fox News Sunday host Chris Wallace, Brennan suggested that Trump has much to learn about the dangers facing the country, and said he hopes that the next president will focus less on defending himself from slights on social media and more on the threats that the Intelligence Community is working to combat. “What I think Mr. Trump has to understand is that this is more than being about him, and it's about the United States and our national security,” Brennan said.
The top priority for the 49ers is to have a GM and head coach that are on the same page. With Josh McDaniels and Kyle Shanahan emerging as the top candidates, who will get the job?
As the incoming Trump administration over the weekend reaffirmed its commitment to simultaneously repeal and replace the Affordable Care Act, Republican Sen. Rand Paul of Kentucky got an early jump in promoting his vision of a suitable – but relatively threadbare – replacement. During an appearance Sunday on CNN, Paul unveiled the broad outlines of his plan that contains a number of measures favored by House Speaker Paul Ryan (R-WI) and Rep. Tom Price (R-GA), the nominee to become the next secretary of Health and Human Services.
Oil production in Asia-Pacific is declining at a rate not seen elsewhere in the world, with around half of losses coming from China alone, Wood Mackenzie has warned. "We estimate 2016 production of 7.5 million barrels per day will fall by over a million barrels per day by 2020," said Angus Rodger, the energy consultancy's Asia-Pacific upstream research director. China, Indonesia, Malaysia and Thailand are among the biggest producers in Asia but the near having of crude oil prices since 2014 has hit the industry and resulted in an annual average base decline rate of around 7 percent within existing oil fields, Rodger pointed out.
The main goal of retirement planning is to be able to maintain roughly the same standard of living after your career as during it. For example, the latest Transamerica Retirement Survey of Workers found that 40% of baby boomers expect their standard of living to fall during retirement, 83% of Generation Xers believe they’ll have a harder time achieving financial security than their parents, and only 18% of millennials say they’re very confident about their retirement prospects.
If options traders are correct, stocks are in for a wild ride in February. Demand for one-month call options tied to the CBOE Volatility Index, a popular gauge of stock-market volatility, has spiked in the past week, a sign that some are bracing for a sharp downturn following the inauguration of President-elect Donald Trump. In that time, investors have purchased 250,000 VIX call options with a strike price at 21, and another 100,000 with the strike at 22, according to Brian Bier, head of sales and trading at Macro Risk Advisors, an options brokerage. The options cost roughly 49 cents per contract, Bier said. By comparison, the CBOE Volatility Index VIX, +10.51% was at 11.16 in midday trading
Donald Trump has refused to divest himself of his business interests before being inaugurated as president and has instead said he would hand control over to his sons. In response, Trump argues that his numerous conflicts of interest won’t affect his decisions as president. The stage is set for those coming into power to use their government offices to enrich themselves, and if they do, it has the potential to undermine US competitiveness and reduce long-term economic growth.
Experts think that even if Marijuana gets Schedule 2 status, things won’t be too easy for companies dealing in it, as they would come under the control of the FDA, which would control the THC content (the psychoactive component of marijuana) in their batches, along with putting in other restrictions. Donald Trump’s nomination of Senator Jefferson Sessions for the post of attorney general has made the future of marijuana legalization in the country even more blurry, because the Senator has a history of loathing pot. During a floor speech in 2016, Sessions criticized Barack Obama’s frank mentions of pot in public, and said that states in which Marijuana is legal are already facing a “disturbance”.
It's not a secret that Google has ambitions to become a hardware company. The tech giant unveiled a suite of new hardware products in the fall, like its first smartphone, the Google Pixel, and connected speaker, the Google Home. Waymo, the self-driving-car company run under Google's parent company Alphabet, announced this week that it will manufacture an entire suite of sensors in-house.
Vanguard Equity-Income Investor (VEIPX) a Zacks Rank #1 (Strong Buy) seek high level of dividend income and long-term growth of income and capital. The fund invests in a diversified group of large and mid-capitalization stocks with above average dividend
Oil prices settled up on Monday, as Saudi Arabia's commitments to reducing production offset a report forecasting U.S. output would again rise this year. The Organization of the Petroleum Exporting Countries (OPEC) has agreed to cut production by 1.2 million barrels per day (bpd) to 32.5 million bpd from Jan. 1 in an attempt to clear a global oversupply that has depressed prices for more than two years. Russia and other key exporters outside OPEC have said they will also cut output.