Westend61 | Westend61 | Getty ImagesThe fourth-quarter estimated tax deadline is Jan. 16, and you could have a surprise bill or owe a penalty if you don't send a payment, according to the IRS.While many employers withhold levies from every paycheck, other income — such as freelancing, small business or...
Year: 2024
Bitcoin ETFs have a key difference from their stock fund counterparts
Chesnot | Getty ImagesThe U.S. Securities and Exchange Commission pushed for bitcoin exchange-traded funds to have a key difference from major stock funds, and that decision's effect on how the funds trade will only become clear over time.The bitcoin funds that launched Thursday are using a share redemption process that...
Deflation: Here’s where prices fell in December 2023, in one chart
Extreme-photographer | E+ | Getty ImagesAs inflation continues to throttle back across the broad U.S. economy, some consumer categories have sunk into outright deflation.In other words: Americans are seeing prices decline for certain items.Those pullbacks have largely been among physical goods rather than services, economists said.Demand for goods soared early...
Wholesale prices unexpectedly fall 0.1% in December in positive inflation sign
Wholesale prices unexpectedly declined in December, providing a positive signal for inflation, the Labor Department reported Friday.The producer price index fell 0.1% for the month and ended 2023 up 1% from a year ago, the Labor Department reported Friday. Economists surveyed by Dow Jones had been expecting a monthly gain...
Citigroup at risk of quarterly loss after charges come in far higher than initially disclosed
Jane Fraser CEO, Citi, speaks at the 2023 Milken Institute Global Conference in Beverly Hills, California, May 1, 2023.Mike Blake | ReutersCitigroup warned investors late Wednesday that charges tied to the decline of the Argentine peso as well as the bank's reorganization came in far higher than disclosed by the...