Finance & Investment News
A week before the 1987 stock market crash I had all of my investment money in Twentieth Century Ultra, an aggressive stock fund that has since been renamed American Century Ultra (symbol TWCUX). That included money to pay for my stepson’s college starting in less than a year. But I escaped from the ensuing market meltdown unscathed. And I learned some important lessons from the crash and its aftermath. Read more
Depending on where you live, state income taxes and property taxes could cost you thousands of dollars every year. High sales taxes or gas taxes could slowly drain your funds every time you pull out your wallet. And it could get worse: Tax-reform proposals in Congress seek to eliminate or cap the federal deduction for state and local taxes paid, making their impact on your wallet that much greater. Read more
One of the gatekeepers to your most sensitive personal information was hacked, bigtime. Here’s how to protect yourself.
Drivers can expect to pay more at the gas pump when they hit the road for Labor Day weekend. Devastating floods unleashed by Hurricane Harvey have taken more than 10% of the nation’s oil-refining capacity offline, which means less fuel available during one of the busiest travel weekends of the year. The storm itself has weakened, but the flooding along the Texas and Louisiana coasts is still worsening, which means it’s too early to say when the region’s refineries can return to normal operations.
Despite a pickup in exports, the deficit on trade continues to run well above last year’s levels as U.S. consumers buy up foreign-made goods, from cars to cellphones. For 2017 as a whole, the gap will widen by 4% after back-to-back $500-billion deficits in 2015 and 2016, which is certain to aggravate global trade tensions.
ATLANTA (AP) — United Parcel Service Inc. is reporting first-quarter net income of $1.16 billion.
For the past two years, airline executives have done their share of groveling before analysts, vowing to be more humble in their ambitions to control the skies so as not to deluge the market with additional service when demand isn’t there.
President Trump plans to sign an executive order on Tuesday meant to rein in abuses in a visa program that lets some companies replace American workers with foreign ones.