Author: Press Room

My husband is 81 years old and I am 68. He was a banking professional for many years and retired in 2007. He always handled our finances but became ill a few years ago. I took it upon myself to sort out our tax situation and was appalled to find he had not done our taxes after 2018. He got sick in 2019 and is unable to manage our finances. I’m working with a tax preparer who filed for an extension for 2022 since she can’t get to us until after April 18. Will the IRS take into consideration that…

The numbers: The U.S. added a robust 236,000 new jobs in March, defying the Federal Reserve’s hopes for a big slowdown in hiring as the central bank struggles to tame inflation. The consensus economist forecast called for a nonfarm-payrolls expansion of 238,000. The solid increase in employment last month followed a revised 326,000 gain in February and a gain of 472,000 in January. While the increase in hiring was the smallest monthly rise in more than two years, the number of jobs created last month was much greater than is typical. The unemployment rate, meanwhile, slipped to 3.5% from 3.6%…

© Reuters. FILE PHOTO: The logo for McDonald’s restaurant is seen as McDonald’s Corp. reports fourth quarter earnings, in Arlington, Virginia, U.S., January 27, 2022. REUTERS/Joshua Roberts (Reuters) -McDonald’s Corp is cutting pay packages for some employees as part of a restructuring that includes layoffs and the shutting down of some offices, the Wall Street Journal reported on Friday, citing people familiar with the matter. Reuters on Monday reported that the number of corporate employees the company was planning to lay off this week will tally in the “hundreds.” The fast-food chain has offered some employees a chance to remain…

By Barani Krishnan  Investing.com — stockpiles fell sharply for a second week in a row, accompanied by large drawdowns as well in gasoline and distillates inventories as domestic refiners prepared for busy summer travels, weekly government data released on Wednesday showed. in storage fell by 3.739 million barrels during the week ended March 31, the U.S. Energy Information Information, or EIA, said in its Weekly Petroleum Status Report. In the previous week to March 24, crude stockpiles tumbled by 7.489M barrels. Analysts tracked by Investing.com had expected the EIA to report a crude balance decline of 2.329M barrels instead. Adding…

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar stumbled on Monday, surrendering earlier gains following unexpected oil output cuts from OPEC+, as data showed the U.S. economy continued to slow with declines in manufacturing and construction spending. Data on Monday added to the narrative that the Federal Reserve is near the end of its rate-hike cycle. An announcement on Sunday of output target cuts by the Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, propelled oil prices higher. last traded at $84.9 per barrel, up 5.7%. [O/R] The dollar initially rose after the announcement.…

By Leika Kihara TOKYO (Reuters) -Haruhiko Kuroda took a slightly less dovish tack in his farewell as Japan’s central bank chief on Friday, ending a decade of unconventional policy that included a “bazooka” of stimulus aimed at boosting inflation and sustainable growth. Handing the reins of the Bank of Japan (BOJ) to academic Kazuo Ueda, Kuroda pointed to progress under his radical easy-money policy, which featured a push to change public perceptions with a wall of money and Peter Pan metaphors. “Japan’s 15 years of deflation has created a strong perception among the public that prices and wages won’t rise,”…

Key takeaways McDonald’s is making remote layoff announcements to corporate employees after shutting its offices temporarily, having announced the job cuts earlier this year The fast food mega-chain’s stock was up 0.9% at the news and is overall up nearly 7% this year McDonald’s is considered a ‘safe’ stock, but it faces some hurdles in the near future Fast food titan McDonald’s is laying off corporate employees this week as it concludes the review process, having temporarily shut the offices so it can do the deed remotely. The layoffs were announced earlier this year in another blow to white-collar workers,…

Despite a 9% rise this year, JetBlue Airways stock (NASDAQ NDAQ : JBLU) looks like it can see higher levels. JetBlue stock has risen from $6.50 in early January to $7.04 now. This performance aligns with the 7% return for the broader S&P500 index. Looking at a slightly longer term, JBLU stock is down a significant 62% from levels seen in late 2019. This can be attributed to 1. the company’s P/S ratio, which plunged 62% to 0.3x trailing revenues from 0.7x in 2019, 2. its average shares outstanding rising 14% to 327 million, partly offset by 3. a 13%…

Florida Governor Ron Desantis’ recent policies and legislation on higher education and other areas are likely to drive students away from Florida’s colleges and universities. According to a new poll by Intelligent one in eight high school seniors in Florida say they will not attend a public college in the State. The key finding include the following: A survey done by Arts and Sciences, found that one in four students ruled out attending a college in a state because of the political climate in the state; this was true of both liberal and conservative students. Conservative students tended to rule…

Many factors determine how happy and fulfilling your retirement will be. Smart financial planning can increase your chances of maintaining financial freedom for as long as you live. Here are some of the biggest risks to having a secure and happy retirement I’ve seen over the past 20-plus years of helping people plan their retirement and achieve financial freedom. Risk Of An Unhealthy Retirement The more aches and pains you suffer, your retirement will likely be less satisfying. Knee pain might not kill you, but it could limit the activities you find enjoyable in retirement. I am writing this as…