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Pa. economy receives billion-dollar boosts from Ben Franklin Technology Partners
Pennsylvania’s economy has been receiving sizeable boosts from Ben Franklin Technology Partners. From 2017 to 2021, Ben Franklin Technology Partners (BFTP) generated $400 million in tax receipts for the state and boosted Pennsylvania’s economy by $6.1 billion while helping create 16,006 high-paying jobs, according to an independent economic analysis conducted[...]
Here’s what to do if you have a loss on an investment
When it comes to your investments, these are the days to make some lemonade. After racking up banner gains in 2021, markets are on a downward trajectory. So chances are you've lost some good money ... at least on paper Continue Reading>
America added 428,000 jobs in April
New York (CNN Business) - After an electric economic recovery from the pandemic, the job market is showing signs of returning to normal. It's still growing at a remarkably strong pace, but the months of millions of jobs added are probably over. America's employers added 428,000 jobs in April, the[...]
TurboTax to refund customers $141 million after allegedly steering them away from free services
New York (CNN Business) - Intuit, the owner of tax filing software TurboTax, has agreed to pay $141 million in a settlement with all 50 states for allegedly steering millions of low-income Americans away from free tax-filing services. The settlement, announced Wednesday by New York Attorney General Letitia James, said about[...]
Has inflation reached a peak? Three signs that prices could soon come down
New York (CNN Business) - Inflation is at a 40-year high, and Americans are feeling it. A gallon of gas costs about double what it cost in January 2021. Home prices were up a whopping 19.8% year-over-year in February. And, in March, groceries cost 10% more than they did a year earlier. Continue Reading>
Recession fears are mounting. Here’s how to protect your money
Warnings of a potential recession aren't surprising given how many tripwires there are in today's economy. A push by the Federal Reserve to raise interest rates and combat high inflation. Supply chain shortages. An ongoing global health crisis. And of course, the geopolitical earthquake caused by Russia's invasion of Ukraine, which is also threatening[...]
Why tech stocks are bleeding right now
London (CNN Business) - The tech-heavy Nasdaq Composite was a huge beneficiary of the stock market's epic recovery from the pandemic. Now, it's facing ever deeper losses as investors fear that fast-growing companies are running out of steam. What's happening: The Nasdaq dropped almost 4% on Tuesday, sending the index to[...]
Can Musk deliver on his vision for Twitter? Questions remain
Tesla CEO Elon Musk stands to be the next owner of Twitter, having pledged roughly $44 billion to buy the social platform and take it private. Assuming that happens, next up on his agenda will be planning how to fulfill his promises to develop new Twitter features, open its algorithm to public[...]
So you missed the tax-filing deadline. Now what?
Most people who are required to file 2021 tax returns will have done so by the official filing due date -- Monday, April 18. Or they applied for an extension, giving them until October 17 to file their returns. But you're not most people. You did neither. Continue Reading>
J&J suspends COVID-19 vaccine sales forecast
Johnson & Johnson is suspending sales forecasts for its COVID-19 vaccine only a few months after saying the shot could bring in as much as $3.5 billion this year. A global supply surplus and uncertainty about future demand — fueled in part by vaccine hesitancy in some developing markets —[...]
Biden nominates a new top Fed banking regulator after Raskin withdrawal
(CNN) - President Joe Biden on Friday announced his intent to nominate former Obama Treasury official Michael Barr as the vice chair for supervision of the Federal Reserve, a move that would install a key architect of the Dodd-Frank Act of 2010 as the nation’s top banking regulator. The announcement[...]
How to protect your personal finances when you launch a business
Millions of Americans left or lost their jobs during the pandemic and many have decided that they don't want to go back to work .... at least not for someone else. There were nearly 5.4 million new business applications in the United States last year, according to an analysis of[...]
