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Trump threatens to make the Strait of Hormuz a US territory: Can he? Al JazeeraIran rejects ‘delusions' after Trump says he wants the Strait of Hormuz to be a U.S. territory NBC NewsAfter Trump warning, Tehran says Strait of Hormuz 'will remain Iranian euronews.com
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Instagram vowed to crack down on Meta glasses creeps. A month later, it was easy to find dozens of the videos still up. Business InsiderWomen continue to bear the brunt of bad tech decisions The Irish TimesMeta's 'Pervert Glasses' Are Absolutely Being Used to Stalk Women, Study Reveals extremetech.comAre smart glasses a ‘covert' legal threat for employers? People Management
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Ukraine-Russia war latest: Kyiv blows up biggest ‘Russian Amazon' hub in drone attack The IndependentWildberries Depot Ablaze Near Moscow as Drone Downed in Romania Bloomberg.comKyiv market hit in wave of Russian strikes, as Moscow governor describes 'massive' drone attack BBCWildberries under fire: Why is Ukraine targeting a Russian retail giant? Al Jazeera
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Oil prices are not higher largely because the world does not want as much oil as it used to — and that's arguably the more troubling story.
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Iran responds after Trump teases Strait of Hormuz becoming US territory Fox NewsIran live updates: Trump says he'll declare Strait of Hormuz a US territory ABC News - Breaking News, Latest News and VideosIran defiant on strait as Trump tells Americans to accept high gasoline prices ReutersIran rejects ‘delusions' after Trump says he wants the Strait of Hormuz to be a U.S. territory
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Betterment says more than half of Gen-Z investors redirected investment dollars toward sports betting. Research suggests betting is crowding out brokerage investing.
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US president's business interests in office have become a political flashpoint
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Too many young professionals are leaving Uncle Sam an enormous tax gratuity. How are they doing this? By not taking full advantage of the triple tax benefits of a health savings account. I've yet to meet anyone who wants to pay more taxes. Many do not mind paying their fair share, but they do not want to leave a tip.
SEE MORE ‘I Can't Retire - I Need Health Insurance'
An early to mid-career professional with a high-deductible health plan (HDHP) could be missing out on six figures of lifetime tax savings. With open enrollment for health insurance around the corner, it's time to understand and utilize the benefits of your HSA.
What Qualifies as a High-Deductible Plan?
For 2023 a high-deductible health plan is defined by the IRS as one with a deductible not less than $1,500 for self-only coverage or $3,000 for family coverage, and for which the annual out-of-pocket expenses do not exceed $7,500 for self-only coverage or $15,000 for family coverage. Healthy young professionals are prime candidates for an HDHP. That is because many of them need minimal medical care; they visit the doctor annually and have no or few drug prescriptions.
Because their medical expenses are low, money contributed to a health savings account can be used to generate significant tax savings while also building a large health care nest egg.
What Are the Triple Tax Benefits of HSAs?
Contributing to a health savings account provides a triple tax benefit:
First, anyone who
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Stocks closed higher Wednesday as bargain hunters swooped in following a lengthy stretch of losses for the major indexes.
Today's positive price action came as the 10-year Treasury yield eased back from yesterday's two-month high, finishing down 6.7 basis points at 3.273%. A basis point is one-one hundredth of a percentage point.
SEE MORE Kip ETF 20: The Best Cheap ETFs You Can Buy
And the buying persisted even after Federal Reserve Vice Chair Lael Brainard said in an early afternoon speech that the central bank is "in this for as long as it takes to get inflation down." The Fed will meet later this month, with the market largely pricing in the probability of a third straight 75 basis-point rate hike.
Nearly all sectors finished higher, with utilities ( 3.1%) and consumer discretionary stocks ( 3.1%) leading the charge. The one outlier was energy, which slumped 1.2% as U.S. crude futures tumbled 5.7% to $81.94 per barrel - their lowest close since Jan. 11, according to Dow Jones Market Data - amid expectations of slowing global economic growth. "Oil's breakdown today is a bigger shot across the bow, pointing to further struggles ahead in our opinion," says Dan Wantrobski, technical strategist and associate director of research at Janney Montgomery Scott. "We believe the commodity can break below $80 from here, targeting the mid-$70s range in the weeks ahead."
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As for the major indexes, the Nasdaq Composite jumped 2.1% to 11,791 - snapping its seven-day losing streak, its longest one since 2016. The S&P 5
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Chief Financial Officers (CFOs) are apparently eager to invest in technology to help attract — and keep — finance talent and workers with artificial intelligence (AI) and machine-learning (ML) skills, according to a new survey.
Financial services and human resources software vendor Workday last week released its latest Global CFO Indicator Survey, which indicates that nearly half (48%) of CFOs plan to invest in consumer-like interfaces to attract future finance talent within the next five years — and 57% say they now want AI and ML skills in new hires.
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