In recent years, the federal government has been increasing its enforcement of revoking passports for individuals who have “seriously delinquent tax debt.” This debt threshold is set at over $62,000 and includes federal tax liabilities, penalties, and interest. The consequences of having a seriously delinquent tax debt can be significant, as travelers may not be
Global Finance
The upcoming Federal Reserve’s interest rate decision in September has caught the attention of many investors, leading to a shift towards dividend stocks. Paul Baiocchi from SS&C ALPS Advisors believes that this is a wise move considering the anticipated rate cuts by the Fed. According to Baiocchi, investors are moving away from money markets and
Remote work has become a prevalent trend in the U.S. labor market, establishing itself as a significant shift that has been developing over the past couple of decades. Nick Bunker, the economic research director for North America at Indeed, describes it as a major transformation that is here to stay for a long time. This
Philadelphia Federal Reserve President Patrick Harker recently expressed a strong endorsement for an interest rate cut to be implemented in September. Speaking from the Fed’s annual retreat in Jackson Hole, Wyoming, Harker stated that monetary policy easing is almost certain in the upcoming meeting. This direct statement marks a significant shift in the Fed’s stance,
British technology entrepreneur Mike Lynch recently made headlines following his acquittal of fraud charges in a high-profile trial involving allegations of artificially inflating the value of his company when he sold it to Hewlett Packard for $11.7 billion in 2011. However, just two months after his acquittal, Lynch was reported missing after a tragic incident
The transition to electric vehicles (EVs) presents a promising opportunity for consumers looking to save money in the long run. While the initial purchase price of EVs tends to be higher than traditional gasoline-powered cars, the overall lifetime cost can be lower due to reduced expenses on fuel and maintenance. This shift in financial dynamics
As the market continues to experience volatility, investors are seeking ways to protect their investments. One strategy that has gained attention is investing in buffer exchange-traded funds (ETFs). These ETFs provide a level of downside protection while still offering exposure to the market. According to Bruce Bond, CEO of Innovator ETFs, buffer ETFs can be
According to People’s Bank of China Governor Pan Gongsheng, China’s financial risks have significantly decreased, including risks stemming from local government debt. Pan emphasized that the central bank will collaborate with the Ministry of Finance to ensure that China achieves its annual growth targets. Despite the positive outlook, Pan asserted that monetary policy would continue
In a bold move to disrupt the traditional retail banking industry, financial technology firm Klarna is introducing new products aimed at revolutionizing the way consumers manage their finances. With the launch of a checking account-like product and a cashback offering, Klarna is looking to cement its position as a one-stop-shop for all consumer spending and
In July 2024, for the first time in over three years, inflation in the United States dipped below 3%. This drop signified a shift in the economic landscape, with some sectors experiencing deflation rather than just disinflation. While the overall economy is still seeing prices rise, albeit at a slower pace, certain areas such as
Warren Buffett, known as the “Oracle of Omaha,” made headlines recently as it was revealed that he now owns the exact same number of shares of Apple as he does of Coca-Cola. This interesting observation came to light after a regulatory filing showed that Berkshire Hathaway’s equity holdings at the end of the second quarter