May 19, 2024
Finance

In Race to Replace George Santos, Financial Questions Re-emerge

The Republican nominee in a special House election to replace George Santos in New York provided a hazy glimpse into her personal finances this week, submitting a sworn financial statement to Congress that prompted questions and led her to amend the filing. The little-known candidate, Mazi Pilip, reported between $1 million and $5.2 million in

Read More
Finance

‘Succession’ props draw luxe prices

NEW YORK (AP) — Someday soon, someone will be walking down the street proudly carrying a ludicrously capacious bag, bought for a ludicrously capacious price. The voluminous Burberry tote is one of the most famous props used on “Succession,” the famed HBO saga of the Roy family dynasty, and it sold at auction Saturday for

Read More
Finance

3 Smart Ways to Simplify Your Finances in 2024

Some people try to avoid thinking about money at all costs, which isn’t good. Surprising as it may be, it’s also possible to have the opposite problem. You can spend too much time on personal finance, to the point where it has a negative impact on your life. Maybe you have a complicated web of

Read More
Finance

A weaker US dollar would help the Dow rocket to 50,000

Cash dollars and stock market indicators (inflation, economy, crisis, finance)Getty Images The Dow could soar to 50,000 if the US dollar weakens, according to technical analyst JC Parets. Parets said that the greenback is key to unlocking massive gains in the stock market. “If you’re a stock market bull… it’s not so much that you

Read More
Finance

e.l.f. Beauty is ‘rapidly moving up the market share ranks’

Growth powerhouse e.l.f. Beauty (ELF) continued to take market share in 2023. A year ago, the Oakland, Calif.-based company ranked No. 5 in the US among mass cosmetics brands, according to Nielsen data. By August 2023, after 19 straight quarters of net sales growth, e.l.f rose to become the No. 3 brand, behind L’Oréal and

Read More
Finance

‘Debt does not miraculously disappear’

As baby boomers age, an inheritance wave dubbed the “great wealth transfer” is underway. What’s also ahead: a great debt transfer that will have to be managed by younger generations of Americans. More than 46% of Americans expect to transfer debt on death to their loved ones, according to a survey by PolicyGenius. The average

Read More
Finance

AI fears are reaching the top levels of finance and law

Comment on this storyComment Add to your saved stories Save Silicon Valley figures have long warned about the dangers of artificial intelligence. Now their anxiety has migrated to other halls of power: the legal system, global gatherings of business leaders and top Wall Street regulators. In the past week, the Financial Industry Regulatory Authority (FINRA),

Read More
Finance

IRS waives penalty for taxpayers with tax bills from 2020 and 2021

Nearly 5 million taxpayers who have unpaid tax bills from 2020 and 2021 will have almost $1 billion in penalty fees waived by the Internal Revenue Service (IRS). The IRS announced penalty relief in December for taxpayers who had outstanding tax bills but were not sent automated collection reminder notices during the pandemic. Though the

Read More
Finance

Slowing inflation suggests that Biden’s policies are helping, but American voters are still hurting

WASHINGTON (AP) — President Joe Biden can make an increasingly strong case that he’s helped fix inflation — if only he can get voters to believe him. Figures issued this past week reflected a historic level of progress on battling high prices, hinting that inflation could be near the Federal Reserve’s 2% target around the

Read More
Finance

Former County Finance Director Louis Wright Dies At 73

Louis Wright Former County Finance Director Louis Wright has died at 73. Mr. Wright worked for the Hamilton County government for over 38 years. He graduated from Tyner High School and earned his bachelor’s degree in business administration with a major in accounting from The University of Tennessee at Knoxville. He became a

Read More