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...
Category: Finance
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...
U.S., China sign agreement to cooperate on financial stability
A bank employee count Chinaโs renminbi (RMB) or yuan notes next to U.S. dollar notes at a Kasikornbank in Bangkok, Thailand, January 26, 2023.Athit Perawongmetha | ReutersBEIJING โ The U.S. and China last week signed agreements for cooperating on financial stability, according to a People's Bank of China readout Monday.The...
Here’s the deflation breakdown for July 2024 โ in one chart
Fotostorm | E+ | Getty ImagesInflation cooled below 3% in July 2024, the first time it dropped beneath that level in more than three years.While many areas of the U.S. economy are disinflating โ meaning their prices are still rising, though at a slower rate โ some have been outright...