Tag: business news

Here are the top 10 places to own a home and pay less in taxes

Homeownership comes with a lot of extra expenses, mostly thanks to the tax man. Due to increasing demand and limited inventory, the nationwide median sale price has reached $226,800, according to Zillow. Values have gone up 5.4% over the past year and are expected to rise another 2.5% in the next year. On top of that, state and local income taxes, property tax and sales tax can drastically increase the tab, depending on where you live. To help would-be homeowners keep their budgets in check, personal finance website GoBankingRates determined the best places in which to buy or own a

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These advantages make it easier to start a business after 50 —and money has nothing to do with it

Of all the reasons to start at business after age 50, perhaps the best one is that the years are passing. Maybe it’s something you always wanted to do. For some, it’s a good strategy for getting more work years in before retirement. Sure, it’s a lot of work and a lot of hours. But there’s one thing that should not stop you. Your age. The older you are, the greater your chances of success. Those over 50 are twice as likely to be successful as those under 25. In the U.S., the U.K., Ireland and Australia, the age group

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Census citizenship question fight rages in U.S. Congress, courts

WASHINGTON (Reuters) – A U.S. House of Representatives panel on Tuesday moved to hold two members of President Donald Trump’s Cabinet in contempt of Congress for defying subpoenas in an inquiry into whether the administration’s plan to add a citizenship question to the 2020 census was intended to discriminate against racial minorities. FILE PHOTO: U.S. Attorney General William Barr speaks at the FBI National Academy Graduation Ceremony in Quantico, Virginia, U.S., June 7, 2019 REUTERS/Tom Brenner The Democratic-led House Oversight and Reform Committee’s action came with a major Supreme Court decision looming on the legality of adding the citizenship question

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Is your old banger a future classic?

One of the most enjoyable ways to see your money grow is to combine investing with a hobby. Find out which of today’s cars could be worth a mint tomorrow. And if you’re not driving a future classic yet, read our expert buying tips A rusty 1936 Bentley, which had been locked away in a Stockport garage for 30 years, recently sold at auction for £450,250. While you’re unlikely to have anything similar hidden away, you could potentially own a future classic car. Alternatively, if you wish to buy a car that will actually appreciate in value you might like

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Analysts say Shopify can compete with Amazon and will help others to do so too

Harley Finkelstein, COO, Shopify Scott Mlyn | CNBC There’s an up and coming company you may not know much about that’s gearing up to compete with Amazon in a big way… and Wall Street analysts’ believe it has a fighting chance. Last week, Canada-based Shopify unveiled its “shopper fulfillment network” a new service that will allow third-party merchants to better compete with Amazon on delivery times. Analysts cheered the move and the stock jumped 7% last week, adding to its already big gains on the year. Shopify is a platform that helps merchants and brands create an online store, manage

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Missing Next delivery means I can’t get a mortgage

USNewsRank helps a reader unable to get a mortgage because of a disputed debt I can’t get a mortgage because I refused to pay for a Next order that never arrived. I ordered £2,700 worth of clothes from Next in 2017. The parcel was apparently delivered and signed for by someone named Scott, but it never arrived at my home. I have had a lot of rows with Next over the issue as I refused to pay for something that I didn’t receive. The case has been reopened twice but on both occasions Next has closed it saying I owe

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Stocks making the biggest moves premarket: Allergan, Berkshire Hathaway, FedEx, Tesla & more

Check out the companies making headlines before the bell: Berkshire Hathaway – Berkshire Chairman and CEO Warren Buffett told CNBC there is no truth to reports of tensions with 3G Capital, its ownership partner at Kraft Heinz. The reports were centered around the underperformance and accounting problems at the food producer. Allergan – AbbVie announced a deal to buy its rival drugmaker for $63 billion, excluding assumed debt, or $188.24 per share in cash and stock. That represents a 45% premium over Allergan’s Monday closing price. When debt is included, the deal is worth $83 billion. Lennar – The home

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Airbnb goes high-end with listings in castles and private islands

Chateau d’Estoublon, Provence, France Airbnb The online property rental broker Airbnb has launched a new site dedicated to high-end listings that includes castles, entire villages, and beachfront villas in the U.S. or Caribbean. One listing – an entire medieval village in Buonconvento, Italy that can accommodate 44 guests – costs around $23,140 per night while a home in Punta Mita, Mexico, comes with a nightly price tag of $60,410 but only has room for eight people. Casa Koko, Punta Mita, Mexico Airbnb The new tier of luxury properties consists of more than 2,000 homes and rates will average around $2,000

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Fed chief Jerome Powell warns against policy bending to ‘short-term political interests’

Federal Reserve Chairman Jerome Powell stressed the central bank’s independence in a speech Tuesday that comes amid continuous pressure from the White House to cut interest rates. He spoke during a event at the Council on Foreign Relations in New York that investors were watching closely for clues about the direction of monetary policy. His remarks mirrored those from last week’s Fed meeting, and he emphasized that policy is under review. “Since the beginning of the year, we had been taking a patient stance toward assessing the need for any policy change,” he said. “We now state that the Committee

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Exposing The ‘B’ Word As You Near Retirement

Budget is the ‘B’ word Adobe Stock Photo Budget is the ‘B’ word. The word sometimes connotes a negative implication for some as they feel budget means ‘less spending.’ Although in reality, in the retirement and investment planning world, we view budgeting as knowing how much you spend so that you can have a plan in retirement. How many Americans keep a budget?  According to the 2016 U.S. Bank Possibility Index*, only 41% of Americans follow the most basic of financial planning tools which is creating a budget.  As you approach retirement age, there are things to think about regarding

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