A sign hangs above a Dollar General store in Chicago on Aug. 31, 2023.Scott Olson | Getty ImagesDollar General shares tumbled Thursday after the discount retailer slashed its sales and profit guidance for the full year, suggesting its lower-income customers are struggling in this economy.Shares of the retailer, which caters...
Author: admin
The Fed’s preferred inflation indicator is out Friday. Here’s what to expect
A customer shops at a supermarket on August 14, 2024 in Arlington, Virginia. Sha Hanting | China News Service | Getty ImagesFederal Reserve officials will get the latest look at their favorite inflation indicator Friday, a data snapshot that could influence the September rate decision even as policymakers appear to have...
How the Inflation Reduction Act sparked a manufacturing and clean energy boom in the U.S.
Monica Muñoz, top, and Denise Denning place black encapsulation material on solar panels at Elin Energys solar panel manufacturing facility on Thursday, April 25, 2024 in Brookshire. Brett Coomer | Hearst Newspapers | Getty ImagesThe Inflation Reduction Act has sparked a manufacturing boom across the U.S., mobilizing tens of billions of...
The IRS has a method of ‘last resort’ to collect overdue taxes: Revoking your passport
Grace Cary | Moment | Getty ImagesTravelers, be warned: The federal government may revoke your passport if you ignore a big tax bill.Such punishments have become more frequent in recent years, experts said.Federal law requires the IRS and Treasury Department to notify the State Department if an American has a...
Why dividend stocks should be a hot play into fall
It appears more investors are eyeing dividend stocks ahead of the Federal Reserve's interest rate decision in September.Paul Baiocchi of SS&C ALPS Advisors thinks it is a sound strategy because he sees the Fed easing rates."Investors are moving back toward dividends out of money markets, out of fixed income, but...