IRS Announces 2019 Tax Rates, Standard Deduction Amounts And More

The Internal Revenue Service (IRS) has announced the annual inflation adjustments for more than 60 tax provisions for the year 2019, including tax rate schedules, tax tables and...

Sears is going bankrupt

The day has finally come: Sears is going bankrupt. The once-dominant retail icon — whose Sears and Kmart chains have shrunk drastically and grown dilapidated after more...

Nike shares tumble amid Kaepernick ad backlash

Shares of Nike fell 3.2 percent on Tuesday as calls for a boycott of the sportswear giant gained traction on social media following its choice of Colin...

Think stocks are bad now? Just wait until next year

As you probably already know, the stock market has been having problems of late. Let me add another thing you can worry about. According to Refinitiv Thomson Reuters, 80.7...

The last-ditch effort to revive Sears

Memo to Sears: It’s time to throw in the towel. A group of Sears creditors is urging the 125-year-old bankrupt retailer to forget about saving a few...

The Bitcoin ‘pyramid scheme’ continues to collapse

The ancient Egyptians made pyramids to last forever. Wall Street’s pyramid schemes aren’t nearly as durable.Bitcoin, while not officially a product of traditional Wall Street, is a...

Marriott sued hours after announcing data breach

Hours after announcing a data breach on Friday, two Oregon men sued international hotel chain Marriott for exposing their data. Their lawsuit was followed hours later by...

Janet Yellen is absolutely right about the federal deficit

Former Federal Reserve head Janet Yellen said last week that she’s worried about the Federal deficit. She says current government spending is unsustainable. And, Yellen said, she’d...

Berkshire Hathaway’s stake in Apple now worth almost $50 billion

Two years after purchasing 10 million shares of Apple then-valued at $1.1 billion, Warren Buffett's Berkshire Hathaway's stake in the company is now worth nearly $50 billion,...

Jack Ma walks back promise to create 1M US jobs

Alibaba Chairman Jack Ma on Wednesday walked back his 2017 promise to create 1 million US jobs. The founder of the Chinese e-commerce giant said he couldn’t follow...

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