Author: Press Room
Warning: PUBGY is at high risk of cutting its dividend
WASHINGTON, DC – MAY 22: U.S. President Joe Biden meets with House Speaker Kevin McCarthy (R-CA) in … [+] the Oval Office of the White House on May 22, 2023 in Washington, DC. Biden and McCarthy were meeting to discuss raising the debt limit in an effort to avoid a default by the federal government. (Photo by Drew Angerer/Getty Images)Getty Images At last the debt ceiling debacle looks close to being over. At least until the next time. It’s the worst political theatre possible and it happens time after time after time. Yet somehow much of the media always goes…
getty Tax return season is over, but there are tax-saving opportunities to consider between now and the end of the year. Here are a few IRA strategies to review and consider. Qualified charitable distributions (QCDs). If you’re over age 70½, have a traditional IRA, and make charitable contributions, you probably should be making those charitable contributions using QCDs. You direct the IRA custodian to make a distribution to a charity. The distribution isn’t included in your gross income, but it counts toward your required minimum distribution (RMD) for the year, if you have one. Conversions to Roth IRAs. I explained…
The head of the GMB union, one of Labour’s biggest donors, has called on party leader Keir Starmer to scrap plans to ban all new North Sea fossil fuel extraction licences.Gary Smith said there was a “national security imperative” to keep Britain’s oil and gas industry alive given the country will keep using those fuels for decades even under its “Net Zero 2050” target.“It would be self-defeating not to maximise extraction from our own oil and gas, and that’s going to be a difficult debate but it’s one we’ll have to face down,” the GMB general secretary said in an…
© Reuters. FILE PHOTO: Former Jerusalem Mayor and Knesset member Nir Barkat speaks to reporters during an interview with Reuters at his home in Jerusalem, October 6, 2021. REUTERS/Nir Elias/File Photo By Steven Scheer JERUSALEM (Reuters) – Israel’s competition watchdog sought more data on Sunday from the country’s banks relating to an investigation, saying they were enjoying huge profits from higher interest rates on loans but weren’t adequately sharing the benefits with customers. The investigation, which began in 2022, wasn’t made public prior to Sunday. In a bid to rein in inflation, the Bank of Israel last week raised its…
2/2 © Reuters. FILE PHOTO: Texas Attorney General Ken Paxton leaves a news conference after the U.S. Supreme Court heard oral arguments in President Joe Biden’s bid to rescind a Trump-era immigration policy that forced migrants to stay in Mexico to await U.S. hearings o 2/2 By Rich McKay (Reuters) – The Texas Senate on Sunday was set to begin deliberations to permanently remove from office Attorney General Ken Paxton, a conservative firebrand and ally of former President Donald Trump, who was impeached by the House this weekend over accusations by fellow Republicans of abuse of office. After hours of…
© Reuters. Investing.com– Oil prices retreated in Asian trade on Friday, extending a sharp drop from the prior session as traders awaited more clarity on the OPEC’s plans for future production cuts, while concerns over the U.S. debt ceiling kept markets on edge. Crude markets suffered steep losses on Thursday, falling nearly 3% and trimming most of their gains this week after Russian Deputy Prime Minister Alexander Novak said he expects no new steps from the Organization of Petroleum Exporting Countries and allies (OPEC+) during a June 4 meeting. Selling in crude continued even as Novak clarified that the OPEC was…
Source: Pixels Hunter/AdobeThe Beijing Municipal Science and Technology Commission has released a white paper in a bid to foster innovation and development within the Web3 industry.Dubbed the “Web3 Innovation and Development White Paper,” the paper was unveiled at the Zhongguancun Forum by the Beijing Municipal Science and Technology Commission, also known as the Administrative Commission of Zhongguancun Science Park, local news outlet The Paper reported. The commission aims to establish Beijing as a global innovation hub by allocating a minimum of CNY100m ($14m) annually until 2025. The funding will go towards enhancing policy support and expediting technological advancements to foster the growth of the…
© Reuters. Investing.com– Most Asian currencies rose on Friday, recovering from steep losses this week, while the dollar steadied below two-month highs as markets awaited more cues on progress towards raising the debt ceiling. The rose 0.2%, but was among the worst-performing Asian currencies this week, down nearly 2% as expectations of a wider gulf in local and U.S. interest rates dented the currency. The yen was also trading just above six-month lows to the dollar. Softer-than-expected data on Friday spurred more expectations that the will hold off on tightening policy this year, although the reading was still well above the…
Sen. Lindsey Graham, R-S.C., warned House Speaker Kevin McCarthy, R-Calif., against slashing the defense budget in order to reach a deal on the debt ceiling. “Number one, I respect Kevin McCarthy. I want to raise the debt ceiling. It would be irresponsible not to do it. I want to control spending. I’d like to have a smaller IRS. I’d like to claw back the unused COVID money. I know you can’t get the perfect – but what I will not do is adopt the Biden defense budget and call it a success,” Graham told “Fox News Sunday” host Shannon Bream. “Kevin…