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Monthly Archives: October 2022

Zelenskyy will address G-7 meeting after missile strikes rock Ukraine

“The morning is difficult. We are dealing with terrorists. Dozens of missiles, Iranian ‘Shahids’,” Zelenskyy wrote on his Telegram official account, referencing the Iranian-made Shahid drones increasingly used by Russian forces. Ukrinform | Future Publishing | Getty Images WASHINGTON — Ukrainian President Volodymyr Zelenskyy will address an emergency meeting of G-7 …

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Social Security may offer largest cost-of-living adjustment in 40 years

Sollina Images | Tetra Images | Getty Images Retirees who are confronting higher prices due to record high inflation may get some welcome news this week when the Social Security Administration announces the cost-of-living adjustment for 2023. The bump to benefits is slated to be announced Thursday along with new …

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Congress still considering retirement rule changes, including catch-up contributions

There’s still a decent chance that changes to the U.S. retirement system will be enacted before the end of the year. Despite there being just a few months left before the next Congress convenes Jan. 3 — the midterm elections will be Nov. 8 — the push to improve Americans’ …

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Bitcoin falls to start the week as investors look ahead to inflation data

Bitcoin on Monday fell to its lowest level in over a week as investors continued to digest strong jobs data from Friday that pushed risk assets including cryptocurrencies even deeper into the red. The largest cryptocurrency by market cap was down by about 1.3% to $19,213.00, according to Coin Metrics. …

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Work from a European beach with Portugal’s new digital nomad visa

Applications to Portugal’s new digital nomad visa are set to open later this month. When you think “digital nomad,” you might immediately think about tropical destinations. But the trend has also been growing in Europe, and Portugal just announced a new digital nomad scheme that will open for applications this …

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Why more than 7 million student loan borrowers could miss forgiveness

Freshsplash | E+ | Getty Images The White House has repeatedly said that its application for student loan forgiveness, which is expected to go live within days, will be simple. Still, consumer advocates say that any red tape around the relief is likely to cause millions of borrowers to miss …

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Here’s how uber-rich pass wealth tax-free to heirs when markets are down

Brand New Images | Stone | Getty Images A lousy stock market is often no reason for investors to cheer. But for the uber-rich, it may offer a route to lower estate taxes down the road. That’s because one type of trust gives them better odds of shifting some wealth …

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Fed’s Evans says fighting inflation is the top priority even if that means job losses

Chicago Federal Reserve President Charles Evans said the central bank is holding fast in its commitment to bring down inflation even if it means people losing their jobs. Speaking three weeks before the Fed is expected to approve its fourth consecutive 0.75 percentage point interest rate increase, the central bank …

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Five9 shares plunge more than 20% after CEO announces resignation

Rowan Trollope, CEO, Five9 Scott Mlyn | CNBC Shares of cloud software vendor Five9 tumbled 22% Monday and fell to their lowest since March 2020 after CEO Rowan Trollope announced his resignation. Trollope is leaving to become CEO of a venture-backed pre-IPO startup, he said on Twitter. He is being …

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IRS delays guidelines for some inherited retirement accounts until 2023

Zinkevych | iStock | Getty Images If you inherited a retirement account in 2020 or 2021, the IRS is waiving penalties for some heirs who needed to start taking required minimum distributions right away, according to a notice issued Friday. The new rule won’t apply until 2023. Typically, there’s a …

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