Author: News Room

President Biden’s fiscal year 2024 budget would revive 2021’s enhanced child tax credit (CTC) with some new twists that seek to make the credit work better for families. But in doing so, the plan would likely deliver extra benefits to some very well-off families. It could also increase complexity – pushing against a key argument for operating benefit programs through the tax system. First, the good stuff. The proposal would extend full refundability permanently, allowing even very low-income families to receive the full benefit of the CTC. Full refundability is critical to reducing child poverty, especially among Black and Hispanic…

Aging solo is about those individuals who are widowed or not married, live alone, and have no family or none they can count on. They are going through the last years of their lives on their own. It can be just fine until one’s health declines and the usual activities and access to friends get out of reach. According to the U.S. Census Bureau Nearly one-third of all seniors live by themselves. That’s close to 14 million seniors aging alone. Some of them do not have children, nor any particular person to take care of them, should they need help…

Easter Sunday, a day during which Christians contemplate just just what it meant for the object of their faith literally to die before subsequently rising, seems a good day to think about death and rebirth both as metaphor and as aspiration. The impression is strengthened when one considers that adherents to the other Abrahamic faiths, as well as many Hindus, also are celebrating forms of Divine revelation and salvation right now. Resurrection as metaphor seems to be salient all around us right now. China is drawing all manner of attention, admiring and fearful by turns, as it raises itself from…

The recommended stocks have been selected from the Cycles Research Long-Short Equity Report. This strategy selects stocks based upon cycles and relative strength. The stocks featured below were derived from this screen. The stocks also show technical strength and have entered favorable phases in weekly price cycles. Snap-on SNA manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions. The share price has sold off into the cycle sell date below. Over the last year all 12 buy and sell signals have been profitable. The stock has been trading in a range since May of 2021. Relative strength…

A BNE Intellinews article posted March 6 alleges that Forbes-listed billionaire Oleg Tinkov used money he raised from selling his stake in Tinkoff Bank in Russia to help kick start a fintech project south of the border. The Mexico start-up’s co-founders say that is not the case, though, on a video making the rounds in Russia, Oleg calls the project “ours.” Former executives from Tinkoff Bank in Russia, including one American and one Italian who had been working for Oleg in Moscow for years, set up shop in Mexico after the west sanctioned Russian banks for the war in Ukraine.…

First Republic shares staged a dramatic comeback Thursday as investors bought into reports indicating the struggling San Francisco-based regional bank could soon be saved by billions of dollars in fresh capital from larger financial institutions. Read the full article here

By Doyinsola Oladipo NEW YORK (Reuters) – Most Millennial and Generation Z travelers are planning bigger 2023 travel budgets but also growing more cost-conscious when booking flights and hotel accommodations, according to travel booking app Hopper. Early this year, U.S. travel companies told investors they saw no signs of slowing demand despite rising costs, but now, Hopper said, more customers are booking travel only when the price is right. The trend may eventually hamper growth for airline, hotel and leisure companies that have benefited from rising prices and pent-up demand. Some 84% of Hopper users, primarily Millennial and Gen Z…

By Peter Nurse Investing.com – The U.S. dollar edged higher in early European trade Friday, but looks set to record a second consecutive quarterly loss ahead of key U.S. inflation data. At 03:00 ET (07:00 GMT), the , which tracks the greenback against a basket of six other currencies, traded 0.1% higher at 101.860, not far off its lowest level since early February. The index is down 1.3% year to date, extending a 7.7% fall in the fourth quarter of 2022. The turmoil in the U.S. banking sector, primarily, has resulted in traders reassessing their view of future moves, and…

By Alex Lawler LONDON (Reuters) – The surprise oil output cuts announced on Sunday by OPEC+ members illustrate their greater power over the market, given limited supply growth by other producers such as U.S. shale firms and still-growing demand despite the energy transition. Oil has jumped to $85 a barrel since members of the Organization of the Petroleum Exporting Countries and allies including Russia announced production cuts of about 1.16 million barrels per day (bpd), adding to curbs already in place. While OPEC or OPEC+ decisions to cut output in the past have drawn warnings that higher prices and lower…

© Reuters. FILE PHOTO: Toyota Motor Corporation’s bZ SDN is pictured after a briefing on the company’s strategies on battery EVs in Tokyo, Japan December 14, 2021. REUTERS/Kim Kyung-Hoon By Daniel Leussink and Maki Shiraki TOKYO (Reuters) – Toyota Motor (NYSE:) Corp will introduce 10 new battery-powered models and target sales of 1.5 million EVs a year by 2026, aiming for steep growth in a market where it has long been lapped by rivals. The world’s largest automaker by sales will also set up a new, specialised unit to focus on next-generation battery EVs, senior executives said at a briefing…