Author: News Room

Justice Clarence Thomas failed to disclose a 2014 real estate deal he made with a GOP megadonor, according to a ProPublica report published Thursday. The deal involved the sale of three properties in Savannah, Georgia, that were owned by Thomas and his relatives to the megadonor, Harlan Crow, according to ProPublica, which said that tax and property records showed that Crow made the purchases through one of his companies for a total of $133,363. But Thomas “never disclosed his sale of the Savannah properties,” the report said, noting that ethics law experts told the outlet that his failure to report…

US stocks advanced on Thursday after cooler than expected inflation data boosted traders’ hopes that the Federal Reserve could tap the brakes on its tightening cycle.The blue-chip S&P 500 rose 1.3 per cent in New York, closing at its highest level since February 15. The tech-heavy Nasdaq gained 1.9 per cent.Traders were encouraged by data showing a cooling of the US economy, as producer prices unexpectedly fell 0.1 per cent in March, which could signal relief for consumers who have had higher operating costs passed on to them. New jobless claims data showed the number of people filing for unemployment…

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As Bitcoin (BTC) continues to maintain its position above the $30,000 mark, investors and traders are eagerly awaiting its next move. This article delves into the factors influencing the current market dynamics and provides insights into potential future targets for the leading cryptocurrency. Stay tuned as we explore the possibilities and assess the market sentiment surrounding Bitcoin.Anticipating the Impact of a Potential Fed Rate HikeFinancial experts anticipate a 0.25%–0.50% Fed funds rate hike. For the May meeting, CME Fed Watch predicts a 72% chance of a 0.25% hike, while other experts expect 0.50%. Bitcoin values remain uncertain as crypto and…

So far this tax season, the IRS has received more than 90 million income tax returns for 2022. That means tens of millions of households have yet to file their returns. If yours is among them, here are some last-minute tax-filing tips to keep in mind as the Tuesday, April 18 deadline approaches. Not everyone has to file on April 18: If you live in a federally declared disaster area, have a business there — or have relevant tax documents stored by businesses in that area — it’s likely the IRS has already extended the filing and payment deadlines for…

The Florida House of Representatives on Thursday passed legislation that would ban most abortions after six weeks, when many women don’t know they are pregnant. The bill passed by a vote of 70 to 40, largely along party lines. The measure now goes to Florida Gov. Ron DeSantis, who is expected to sign it into law.He reiterated his support for tighter abortion restrictions just last month, saying, “We welcome pro-life legislation.” The bill would only take effect if the state’s existing 15-week ban is upheld in an ongoing legal challenge that is before the state Supreme Court. The Republican governor last February…

First quarter earnings season is about to kick off, and investors should be prepared to be inundated with endless headlines, news stories and analyses — some more useful than others — about a myriad of companies. While our general focus is on the 35 stocks currently in Jim Cramer’s Charitable Trust, the reality is that any investor who wants to stay up-to-date needs to follow the news around the other major companies in the sector in which they’re invested. By listening to what other companies are saying, we can better understand an industry and the potential implications for our holdings,…

The rise of China as an economic powerhouse in global trade in recent decades has sparked concerns about the long-term status of the U.S. dollar as the world’s primary reserve currency, which it has been since the end of World War II. China recently announced a deal with Brazil to denominate more of their bilateral trade in their own currencies instead of the dollar. China is also in talks to buy oil from Saudi Arabia and other oil-rich Gulf countries in its currency rather than the dollar. Those developments have given rise to speculation that China’s renminbi (also known as…

Visa V have launched their “Visa+” service, initially through partners PayPal and Venmo, with the admirable aim of helping people to send money between different payment apps. The basic idea is to create a directory of “pay names” so that you can send money to (eg) dgwbirch without having to know whether dgwbirch is using this app or that app, this network or that network. Think how much easier life will be when you can just put a pay name on your business card so that anyone can send you money without having to know your routing code and account…

WASHINGTON (Reuters) – The European Central Bank still has a “little way to go” with rate hikes but most of its work is done and now the duration of higher rates is the bigger issue, French central bank chief Francois Villeroy de Galhau said on Wednesday. Having raised rates at the fastest pace on record in the past year, the ECB is now debating whether to slow down rate hikes, and policymakers are contemplating just how much higher the 3% deposit rate needs to go to get inflation back down to 2%. “We may possibly still have a little way…