|
The UK government is providing tax incentives for these speculative assets — whether it should or not is another matter
|
|
China's Xi Places His Top General Under Investigation as Military Purges Heat Up The Wall Street JournalXi's Purge of China's Military Brings Its Top General Down The New York TimesChina places highest-ranking general under investigation BBCWhat Xi Jinping's purge of China's most senior general reveals The EconomistXi takes sole operational control of army as China probes military leaders Financial Times
|
|
Pepper-Sprayed While Pinned Down: A Searing Scene Provokes Outrage The New York TimesKARE's Jana Shortal says she was pushed and pepper-sprayed by federal agents bringmethenews.comImmigration Enforcement Minnesota wvnews.comMinneapolis man gets sprayed in face by ICE agent waaytv.comOutrage After Video Captures ICE Pepper-Spraying Protester Directly In The Face While He
|
|
Box Office: 'Mercy' Eyes $12M , But Big Winter Storm Slows Business DeadlineBox Office: Chris Pratt's ‘Mercy' Toppling ‘Avatar 3' as a Brutal Winter Storm Threatens Moviegoing hollywoodreporter.com'Mercy' Review: Chris Pratt must prove his innocence to AI judge in forgettable cyber thriller Fox NewsChris Pratt, the chairman of action in sci-fi 'Mercy' USA Today
|
|
Xi's Purge of China's Military Brings Its Top General Down The New York TimesChina places highest-ranking general under investigation BBCChina's Xi Places His Top General Under Investigation as Military Purges Heat Up The Wall Street JournalXi takes sole operational control of army as China probes military leaders Financial TimesChina Announces Probe Into Vice Military Chair Zhang Youxia Bloomberg.com
|
|
Winter Storm Fern Update: Delta makes schedule adjustments to Atlanta and Northeast regions deltad8.prod.acquia-sites.comAirlines Cancel Hundreds of Flights In Anticipation of Powerful Winter Storm The New York Times10,000 flights canceled due to winter storm forecast AxiosTravel plans affected by winter weather? Here's what airlines owe you syracuse.com
|
|
TikTok users freak out over app's ‘immigration status' collection — here's what it means TechCrunchAnnouncement from the new TikTok USDS Joint Venture LLC Newsroom | TikTok3 Things to Know About the TikTok Deal, and a New Protest Tactic in Minnesota The New York TimesOpinion | The TikTok divestment deal doesn't go far enough The Washington Post
|
|
Wednesday's selling carried into Thursday as investors continued to take a risk-off approach to markets following the Federal Reserve's latest policy announcement.
The central bank issued its third jumbo-sized rate increase yesterday and set expectations that it will continue to hike rates over its next few meetings. However, the Fed is not alone in its aggressive stance. Several global central banks have increased their benchmark rates this week in an ongoing effort to tame inflation, including the Bank of England and Switzerland's National Bank, which earlier today issued 50 basis point and 75 basis point rate hikes, respectively. (A basis point is one one-hundredth of a percentage point.)
SEE MORE 10 Best Marijuana Stocks to Buy Now
"Global equities are struggling as the world anticipates surging rates will trigger a much sooner and possibly severe global recession," says Edward Moya, senior market strategist at currency data provider OANDA. "Most of these rate hikes around the world are not done yet which means the race to restrictive territory won't be over until closer to the end of the year."
The reaction here at home was a selloff in bond prices, which sent yields on government notes spiking. The 10-year Treasury yield surged 19.2 basis points to 3.704% - its highest level since early 2011 - while the 2-year Treasury yield spiked 12.1 basis points to 4.116%, its loftiest perch since late 2007.
Sign up for Kiplinger's FREE Investing Weekly e-letter for stock, ETF and mutual fund recommendations, and other investing advice.
As for stocks, the tech-heavy Nasdaq Composite
|
|
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
|
|
