Investing

The 2020 tax year saw several changes brought on by coronavirus-related legislation and others that were set to happen anyway. Now, as we enter our third year of the Covid-19 pandemic, the 2021 tax season is underway. And, like 2020, there are a lot of new tax changes to keep track of—from stimulus check payments

In this article MSTR MicroStrategy CEO Michael Saylor speaks at the Bitcoin 2021 Convention, a crypto-currency conference held at the Mana Convention Center in Wynwood on June 04, 2021 in Miami, Florida. Joe Raedle | Getty Images Shares of MicroStrategy tumbled 17.8% Friday afternoon after the U.S. Securities and Exchange Commission reportedly rejected the company’s

Boris Johnson will spend this weekend seeking to shore up his support among Conservative MPs, as allies of the UK prime minister expressed concern he will soon face a no-confidence vote as a result of the “partygate” scandal. Downing Street is braced for the publication next week of a report by senior civil servant Sue

Cabinet Office minister Steve Barclay has ordered all government departments to step up efforts to force civil servants back to their offices in England after the “work from home” coronavirus guidance was lifted this week. Barclay is set to tell mandarins to put in place measures to “monitor office use” to bring government workers back

There was a time years ago when the only people able to trade actively in the stock market were those working for large financial institutions, brokerages, and trading houses. However, over the past 25 years, developments such as the growth of discount brokerages and online trading, coupled with instantaneous dissemination of news worldwide and very

A man walks past a Wells Fargo Bank branch on a rainy morning in Washington. Gary Cameron | Reuters U.S. banks closed a record number of retail branches in 2021 as customers increasingly turn to digital banking and the industry consolidates. On net, U.S. banks shuttered 2,927 branches last year, according to S&P Global Market

Around half an hour into my lunch with Douglas Stuart, we encounter a problem. The circular table at which we are sitting is impossibly small, more suited to a cup of coffee than a succession of Mexican sharing plates. We have barely made a dent in the guacamole or scallop ceviche before a generous portion

Not to be alarmist, but something truly bizarre happened in the financial markets this week: For a brief period, investors were briefly being paid to buy debt issued by Germany, the famously prudent government borrower. What witchcraft is this? This is some of the safest debt on the planet — so attractive to global investors

Disney and Its Media Properties The Walt Disney Company (DIS) has built a diverse empire since its beginning in the 1920s, creating a huge range of lucrative products in a number of marketplaces. As the largest mass media conglomerate in the world, Disney is best known for its film and TV productions and theme parks.

The Axiom space station, with the circular SEE-1 module attached, is seen in an artist’s rendition. Axiom Space The producers of Tom Cruise’s future space movie on Thursday announced plans to attach a studio to the International Space Station in development by Houston-based company Axiom. U.K.-based studio Space Entertainment Enterprise, co-founded by producers Elena and

As Christmas approached, Unilever’s chief executive, Alan Jope, hoped to give investors something to celebrate: the company’s largest-ever acquisition. He made an opening offer for GlaxoSmithKline and Pfizer’s consumer health division in early November, hoping to snap up the business before it was spun off on to the public market. That failed to bring them

Liz Truss, UK foreign secretary, has called for liberal governments to “face down global aggressors” in a highly charged speech aimed at Russia and China. Truss said Moscow and Beijing have been “emboldened in a way we haven’t seen since the cold war” in an address at the Lowy Institute, a Sydney-based think-tank, following talks

Buy now, pay later (BNPL) apps make it easier to make purchases today and pay over time without being charged interest or fees. Most of these apps break your purchases down into four smaller payments due every two weeks. Affirm and Afterpay are two of the most popular buy now, pay later apps that you’ll

Spencer Platt | Getty Images IPO investors in a record-breaking issuance rush in 2021 have so far been disappointed by dismal returns, and the outlook for the once-booming market is only getting worse with rising rates and insider selling on the horizon. Last year, the number of U.S. traditional IPOs climbed to the highest levels

A judge has demanded an explanation for how a “ringleader” in an organised criminal gang who had 48 previous criminal convictions managed to obtain a £50,000 government Covid bounceback loan. Judge Anthony Cross QC, sentencing six men at Manchester Crown Court for their part in a conspiracy to steal and export expensive cars, said on

Stocks on Wall Street slid on Thursday with the tech-heavy Nasdaq Composite taking its losses from its record high to near 13 per cent as the prospect of higher interest rates has driven investors out of equities. The Nasdaq index ended the day down 1.3 per cent. It has now fallen 12.7 per cent from

As of today, January 20, 2022, the jumbo 30-year fixed mortgage rate is 3.63%, the jumbo 15-year rate is 3.32%, and the jumbo 7/1 ARM rate is 2.56%. These rates are not the teaser rates you may see advertised online and based on our methodology should be more representative of what customers could expect to

Russia’s central bank has proposed outlawing all cryptocurrency operations in the country, one of the world’s biggest centres for mining digital tokens. Under the draft proposals, Russia would ban all cryptocurrency issuance and operations, stop banks from investing in cryptocurrencies, block exchanging crypto for traditional currency, and introduce legal liability for using crypto in purchases.

Carl Icahn speaking at Delivering Alpha in New York on Sept. 13, 2016. David A. Grogan | CNBC Carl Icahn owns a 4% stake in International Flavors & Fragrances, sources told CNBC’s David Faber on Thursday. Shares of the New York-based fragrance company popped 2.8% following the news. Loading chart… Icahn, founder and majority shareholder

BHP will be removed from the UK’s blue-chip FTSE 100 index next week after investors in the world’s biggest miner approved plans to simplify its corporate structure and take its main stock listing to Sydney. More than 97 per cent of shareholders voted in favour of unification at an investor meeting in London on Thursday,

Under the American Rescue Plan Act (ARPA) of 2021, the child tax credit (CTC) was expanded to a fully refundable $3,000 per eligible child under 18 ($3,600 per child under 6). In addition, ARPA provided parents with advance child tax credit payments totaling 50% of the estimated amount of their 2021 child tax credit. The

China has cut its benchmark rate for mortgage lending for the first time in nearly two years, adding to a cycle of gradual monetary easing as policymakers seek to counter a loss of economic momentum. The five-year loan prime rate, which is typically used to price mortgages, was lowered from 4.65 per cent to 4.6

You can enable subtitles (captions) in the video player At the start of last year someone paid $200,000 for a video highlight of a LeBron James dunk. Here comes LBJ. The sale sparked a wave of headlines about digital collectibles and the NFTs that make them possible. This year NFTs for sports media are expected

The S&P 500 Index has long been one of the best-known proxies for the U.S. stock market, and several mutual funds and exchange-traded funds (ETFs) that passively track the index have become popular investment vehicles. These funds do not seek to outperform the index through active trading, stock picking, or market timing but instead rely

Gary Gensler, chairman of the U.S. Securities and Exchange Commission (SEC), speaks during a Senate Banking, Housing and Urban Affairs Committee hearing in Washington, D.C., U.S., on Tuesday, Sept. 14, 2021. Bill Clark | Bloomberg | Getty Images Securities and Exchange Commission Chairman Gary Gensler said Wednesday that the regulator is eyeing tighter disclosure deadlines for hedge

Joe Biden backed the Federal Reserve’s shift towards tighter monetary policy to fight inflation as the US president opened his first formal press conference in several months with a vow to rein in higher prices afflicting the economic recovery. “Given the strength of our economy and the pace of recent price increases, it is appropriate,

Good morning. US bank Morgan Stanley lifted a crucial profitability target as the Wall Street company seeks to expand its business beyond investment banking and trading and increase the assets in its wealth management arm to $10tn. The bank gave the update on Wednesday as it reported a 10 per cent rise in profits for

What will Social Security look like when you retire? Many Americans have lost hope that there will be anything to see. According to a 2021 Gallup poll, 43% of individuals surveyed said they worry a great deal about the Social Security system. The same survey also revealed that 38% of individuals said they believe Social Security is

Morgan Stanley headquarters in New York. The bank reported strong wealth management business, up 10 per cent to $6.25bn from $5.7bn a year earlier © Gabriel Pevide/Getty Images for Morgan Stanley Morgan Stanley’s investment banking revenues rose 6 per cent in the fourth quarter, a more modest rise than some rivals enjoyed during a record

Your browser does not support playing this file but you can still download the MP3 file to play locally. This edition features these stories from ft.com Conservative MP defects to Labour in further blow to Boris Johnson Bank of America profit surges as loan growth inches higher ByteDance disbands investment team amid China’s Big Tech clampdown