Category: United States

With a compromise spending bill that devotes more than $ 360 billion to climate change efforts, consumers for the first time will have a tax incentive to use toward previously owned electric vehicles. Newly built EVs also feature in the revived tax-credit proposals, which now look closer to passage in the Senate after Democrats reached […]

“My biggest fear in retirement is waking up and not having any idea what I am going to do that day,” says David Lucero. But David’s fears have never been realized…because he went in search of an overseas adventure. His travels began with an epiphany in his office. “Back in 2013 I was working in […]

The 9.1% increase in U.S. consumer prices in the 12 months ending in June 2022, the highest in four decades, has prompted many sobering headlines. Meanwhile, annual inflation in Germany and the U.K.—countries with comparable economies—ran nearly as high: 7.5% and 8.2%, respectively, for the 12 months ending in June 2022. In Spain, inflation has hit 10%. Inflation is rising nearly […]

Texas is known for fiercely promoting its oil and gas industries, but it’s also the No. 2 renewable energy producer in the country after California. In fact, more than a quarter of all the wind power produced in the United States in 2021 was generated in Texas. These projects benefit from a lucrative state tax incentive program […]

Almost two years ago, during the first winter of the COVID pandemic, Roman Tirone was introduced to the world of meme stocks. “I think I had a couple of friends reach out about them to me and I took a look,” the New York City-based investor told MarketWatch. “There was a strong community that was […]

Whenever the Federal Reserve starts to tighten financial conditions, markets try to guess how far the central bank will go. In fact, now in an era when it is providing its estimates of future policy in a framework known as “the dots,” the Fed itself is providing guidance on where the fed funds rate will […]

Inherited IRAs are a gift to beneficiaries, but the rules surrounding distributions from these accounts are not.  Beneficiaries must follow a 10-year rule for distributions, which began after the Secure Act passed in December 2019, but the requirements are intricate and, for some, tricky. The Internal Revenue Service issued proposed regulations about the matter, which […]

It’s a long time in market terms until late September, but Friday’s red-hot July jobs report has traders penciling in a third 75 basis point rate rise by the Federal Reserve at their next meeting. Fed-funds futures reflect a 67% probability the Federal Open Market Committee would move the rate up by 75 basis points, […]

In 2015, the housing authority in Bath, Maine, created the Comfortably Home program after seeing the maintenance challenges that older people and those with disabilities faced in the challenge of continuing to live at home. “We kept hearing that the housing wasn’t working for the residents, but they didn’t want to leave. They’d say ‘the […]

Investors have had a change of heart after selling technology stocks for the better part of eight months.   There has been a trend reversal after bellwether tech companies reported earnings for the most recent quarter. While many thought it would be a time when the bubble for tech earnings would burst, that hasn’t been […]

For roughly a year, Jonathan Baer watched a paper folder full of tax-related paperwork slowly grow as he chronicled his efforts to get his 2020 tax refund. The attempts included upwards of 40 phone calls to the Internal Revenue Service. Most ended without speaking to a person. The rare ones that did reach a person […]

Friday’s jobs report showed surprising strength in the labor market, but there are signs that all may not be well for all workers. Quitting in low-wage sectors such as retail, leisure and hospitality is slowing down, said Nick Bunker, an economist at Indeed Hiring Lab.  That means people working in those sectors probably have less […]

The California Department of Motor Vehicles is accusing Tesla Inc. of falsely advertising the capabilities of its self-driving technology. Two complaints filed July 28 show that the DMV is seeking changes in the way Tesla TSLA, -6.63% promotes its Autopilot and Full Self-Driving features or risk getting its manufacturing license suspended or revoked. “Respondent made […]

Ericsson is being sued by hundreds of Americans who say the company’s alleged payment of bribes to al Qaeda and Islamic State — protection money meant to let it operate in Iraq — also helped fund acts of terror. The Stockholm-based telecommunications company ERIC, -0.39% ERIC.B, +0.03%, which was sued Friday in federal court in Washington, […]

U.S. stocks closed mostly lower Friday after a much stronger-than-expected reading on July employment reinforced expectations for the Federal Reserve to keep aggressively raising interest rates in its bid to rein in inflation. How did stocks trade? The Dow Jones Industrial Average DJIA, +0.23% rose 76.65 points, or 0.2%, to close at 32,803.47. The S&P […]

Dear MarketWatch, My father died in 2019 without a will in Ohio. He has property, and a home. I’ve lived on the property and in the home since 2016. Nothing has been filed in probate court. I’ve been taking care of all funeral costs and debts, maintaining the property, and paying property taxes, on top […]

The numbers The U.S. added a sizzling 528,000 new jobs in July and the unemployment rate fell to pre-pandemic levels in a muscle-flexing display for the economy, but the robust report could add to inflation worries and push interest rates even higher. The increase in hiring blew past Wall Street estimates. Economists polled by The […]

Scattered reports of layoffs, declining job openings and a softening economy all point to a slowdown in hiring. And that’s why the number of new jobs created in July is forecast to fall to the lowest level in 19 months. Here’s what to watch in the employment report on Friday morning: Wall Street forecast Employment […]

WPP PLC WPP, -4.01% said Friday that first-half pretax profit rose on broad growth and that it has raised its organic growth guidance for the full year. The London-based advertising group said pretax profit was 418.6 million pounds ($ 509 million) compared with GBP394.4 million a year earlier. Revenue for the period was GBP6.76 billion […]

SYDNEY — The Reserve Bank of Australia has lowered its 2022 unemployment forecast, highlighting the continued momentum of the resource-rich economy despite rapidly rising interest rates and a jump in costs for households and businesses. With the unemployment rate already at a 48-year low of 3.5%, the RBA now expects the figure to fall to […]