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July 30, 2022 Millions of Americans making less than $400,000 a year would see their taxes rise Washington, DC — The nonpartisan Joint Committee on Taxation (JCT) estimates that Democrats’ latest reckless tax and spending proposal will raise taxes on millions of Americans in all income brackets, with more than half of the tax increases on Americans doing less. over $400,000 a year. “While the Republicans’ pro-growth tax reform in 2017 lowered tax rates for all Americans in a way that increased the progressivity of the tax code and produced historic gains in jobs and wage growth , the Democrats’…
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Bitcoin Finance Growth Cannabis Industry – Bitcoin Magazine
Image source: Pexels The cannabis industry presents opportunities for investors. Thanks to bitcoin, investors can capitalize on the growth of the industry like never before. It is imperative to have a clear understanding of the cannabis industry. Once you know the details of the industry, it’s easy to see how bitcoin can be used to accelerate the growth of the industry. What you need to know about cannabis Cannabis is one of the most used drugs in the world, according to the United Nations. People use cannabis for medical and recreational purposes. However, cannabis was illegal in the United States…
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Go to knowledge: Fourth of July travel, Social Security information and top financial news for July 1
seb_ra / iStock.com Welcome to July, folks. Here’s the roundup of today’s top financial stories. Have a great holiday weekend. The big takeaway: Americans stick to July 4 travel plans despite gas costs The main concern this Fourth of July is historically high gas prices at the pumps, but that won’t stop people from driving away to celebrate. The number of people traveling this weekend by car is expected to return to pre-pandemic levels. Read the full story here Social Security Benchmark: What is the average benefit at age 62? The amount of your retirement benefit depends on how much…
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The Packers business model shows the way to financial stability for newspapers
GREEN BAY — The Green Bay Packers’ business model could help save a newspaper, which would be appropriate since a newspaper helped save the Packers. Leaders of The Sentinela weekly publication in Aurora, Colorado with twice-daily e-mail newsletters, have been investigating whether the Packers’ model, based on public ownership of the team, could provide financial viability for the news organization. This week, Dave Perryeditor of The Sentinel and Laura Frankexecutive director of the Colorado News Collaborative, attended the annual Packers shareholders meeting at Lambeau Field so they could see up close what drove 539,062 shareholders, many of them outside of…
Read More »News of the Stock Exchange and Economy of July 28, 2022
JetBlue Airways on Thursday reached a deal to buy Spirit Airlines, a merger that could reshape the airline industry by putting pressure on the nation’s four dominant airlines. The deal, which values Spirit at $3.8 billion, would create the nation’s fifth-largest airline, with more than 10 percent market share, behind United Airlines, which has a nearly 14 percent share . Delta Air Lines and Southwest Airlines each control more than 17%, while American Airlines owns more than 18%. The merger is likely to face a thorough investigation by the Biden administration’s antitrust regulators, who have taken an aggressive stance against…
Read More »Ford shares jump as auto giant affirms outlook, raises dividend after second-quarter earnings crush
Ford (F) reaffirmed its 2022 outlook and raised the dividend on Ford shares late Wednesday after beating second-quarter earnings estimates. Ford shares rose on Thursday. Strong demand for traditional combustion and new electric vehicles offset supply and inflation headwinds, the automaker said. X “We are moving with purpose and speed into the most promising period of growth in Ford’s history,” Ford CEO Jim Farley said in an earnings release Wednesday afternoon. Ford’s earnings follow another move by the Federal Reserve on Wednesday to control inflation. The Fed raised interest rates by another 0.75%, which could make car loans, credit cards…
Read More »Meta Stock: A Long Road Out Of Muddy Morass
These aren’t exactly salad days for Facebook parents Metaplatforms (TARGET). In fact, one could argue that the social media giant is past its prime, as Meta’s stock has lost more than half its value since September. X For starters, virtually all of Meta’s revenue comes from advertising, which is currently declining and changing. Also, the company’s next big thing, the metaverse, is a decade or more away from taking off. In addition, the company has to manage many other perplexing challenges. They include increased competition and losses in tracking users. This is in addition to a threatening regulatory environment. All…
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5 Undervalued Dividend Growth Stocks
PM images The stock market is recovering from the lows of several weeks ago. Declining gas prices, possible grain shipments from Ukraine, improving supply chain issues and still-solid U.S. job growth have instilled investor confidence. However, the fear of recession and the Bear markets have driven stock prices lower, reducing valuations while simultaneously increasing dividend yields. So we screen and identify 5 undervalued dividend growth stocks for investors. Next, let’s talk about Best Buy Co., Inc. (ABY), Franklin Resources, Inc. (GOOD), Lincoln National Corporation (LNC), T. Rowe Price Group, Inc. (TROW), and Whirlpool Corporation (WHR) as long-term purchases. Overview We…
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