At age 60, you're not too far from retirement. In fact, the average retirement age is 61, although there are plenty of Americans who continue working into their late 60s and beyond. It's always important to know whether you're on track with your retirement savings. That's especially true as you reach your 60s, since you're getting close to the end of your career. If you're trying…
INN Insider News
Saving for a downpayment can be a struggle, especially for first-time homebuyers. Sometimes, it can make sense to dip into retirement accounts.
With tax season drawing near, many people are looking for strategies to either minimize their tax liability or maximize their tax refund.
Last April I opened a certificate of deposit with Marcus, the online bank of Goldman Sachs. The one-year rate was 4.75 percent. The high interest rates the Federal Reserve unleashed to rein in inflation have been painful for consumers and businesses.
The Federal Reserve stayed the course, announcing that it would do nothing with interest rates but still plans to begin reducing them sometime this year. On Wednesday, the central bank announced it would maintain the federal funds rate at 5.25% to 5.5%. Fed Chair Jerome Powell said that the central bank will continue to monitor inflation and other economic…
That was when investors became convinced the Federal Reserve was done raising interest rates. The Standard& Poor's 500 is up 27 percent since its Oct. 27, 2023, closing low. Fed Chairman Jerome Powell said on Wednesday the central bank still expects to cut rates this year, maybe as many as three times on the expectation inflation is sustainably on its way to 2% a year.
A federal judge in Texas dismissed charges Wednesday against a Hoboken man with hundreds of thousands of social media followers who was accused of participating in a“ pump and dump” stock market scheme, his attorneys said. The judge ultimately ruled his online conduct did not constitute a crime and concluded that Hennessey did not deprive investors of their…
A group of politically connected lawyers formed a venture to go after insurers and made millions from one of the largest Medicaid settlements in history. Above, Centene Corporation headquarters in Clayton, Missouri. (Jeff Roberson/Associated Press) .singleRepublisherRow {display:none;} Shalina Chatlani examined the health care system in Mississippi as a part of The New York…
The U.S. economy has been surprising the markets for quite some time. Although 2023 began with fears of recession as a result of higher interest rates- which generated serious problems in the banking industry-, the country has finally grown by 2.5%, with a stock market rise of almost 14%. Additionally, an eventual victory of Donald Trump, with his proposals for new…
Des Moines is more flood resilient than just a few years ago, public works director Jonathan Gano told the City Council during a presentation last month.Why it matters: Homes and businesses are better protected against floods, which have caused billions of dollars in damage and multiple deaths caused by metro-area floods in recent decades.Driving the news: Flood insurance will no…
The announcement was made by U.S. Attorney Zachary A. Cunha and Acting Deputy Assistant Attorney General Stuart M. Goldberg of the U.S. Department of Justice’ s Tax Division. According to court documents and statements made in court, between 2008 and 2018, Thomas Huling, formerly of West Warwick, orchestrated a scheme to defraud investors by promoting several…
Prosecutors from the U.S. Attorney for the District of New Jersey's office had charged Cosentino with participating in a health care fraud scheme. “This defendant admitted that she falsified claims in order to boost her payments, in some cases, making up visits for counseling and other treatments out of whole cloth,” said U.S. Attorney for New Jersey Philip…
Donald Trump does not stop these days to send messages to his followers asking for help to post bail of just over 450 million dollars for the civil fraud case for which he was convicted. The shareholders' meeting of the Digital World Acquisition Corp company votes this Friday on the merger with Trump Media& Technology Group, the company that owns his social…
Many health care providers struggling to get paid after the hack of a UnitedHealth Group subsidiary are still trying to figure out if their cyberattack insurance will help cover their losses. Why it matters: Providers ranging from large health systems to small independent practices are racking up big bills and say efforts to advance payments while Change Healthcare restores medical…
Donald Trump is nearing a deadline to find $454 million in order to protect his assets during his civil fraud appeal. Here's what happens if he can't.
This story was originally published by Grist. Sign up for Grist’s weekly newsletter here. The nation’s insurance industry has gone haywire in recent years amid a succession of floods, fires, and other climate-fueled disasters. These catastrophes have forced carriers to pay out billions in claims, and many have responded by raising premiums in disaster-prone states like Florida…
As expected by the market, the Federal Reserve kept its interest rate unchanged on Thursday between 5.25% and 5.50%. The Fed noted in its policy decision that data show solid economic expansion as well as strong employment growth. The Fed has a dual mandate which is to keep inflation at 2% levels and to take care of the labor market.
The Federal Reserve entered 2024 riding high, buoyed by six months of encouraging inflation reports, and signaling three interest rate cuts this year. Just a little bit later, the story isn't looking so clear-cut. First, inflation came in hotter than expected in January.
Washington, Mar 19- The members of the Federal Open Market Committee of the Federal Reserve begin their March meeting on Tuesday, in which, as the institution had warned, no changes are expected, due to the persistence of high inflation. The U.S. closed 2023 with gross domestic product growth of 3.1%, according to the Bureau of Economic Statistics, putting worries…