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Financial News Around the World

MacKenzie Scott’s latest $84.5 million donation could transform Girl Scouts as you know them

Billionaire MacKenzie Scott recently donated $84.5 million to the Girl Scouts to hire staff, improve facilities and provide girls with STEM education.

Published 19 October 2022
Categorised as Finance News

IRS bumps up estate-tax exclusion to $12.92 million for 2023. Here’s what that means for wealthy Americans

Starting in 2023, individuals can transfer up to $12.92 million to heirs, during life or at death, without triggering a federal estate tax bill.

Published 19 October 2022
Categorised as Finance News

Here’s what the Wells Fargo cross-selling scandal means for the bank’s growth

Wells Fargo’s reputation is in tatters following reports of mass-scale fraud. Regulators have fined the bank repeatedly and capped its growth.

Published 19 October 2022
Categorised as Finance News

Stocks making the biggest moves midday: Netflix, Intuitive Surgical, Generac, Winnebago and more

These are the stocks posting the largest moves in midday trading.

Published 19 October 2022
Categorised as Finance News

SPAC liquidations top $12 billion this year as sponsors grapple with tough market, new buyback tax

Under the new provision in the Inflation Reduction Act, SPAC sponsors could face a 1% exercise tax if they return cash to investors starting 2023.

Published 19 October 2022
Categorised as Finance News

Multigenerational Hispanic households are under pressure as rates surge and homes remain costly

Rising interest rates and pricier homes have increased the pressure on multigenerational households seeking adequate housing.

Published 19 October 2022
Categorised as Finance News

2 takeaways from our daily meeting: Recession-proof stocks, Club names in the news

The Investing Club holds its “Morning Meeting” every weekday at 10:20 a.m. ET.

Published 19 October 2022
Categorised as Finance News

The typical U.S. household is spending $445 more a month due to inflation. Here’s how to reduce the bite

Saving money largely comes down to buying cheaper alternatives when possible and finding ways to trim discretionary expenses, according to financial advisors.

Published 19 October 2022
Categorised as Finance News

IRS: Here are the new income tax brackets for 2023

The IRS has released higher federal tax brackets and standard deductions for 2023 to adjust for inflation. Here’s what filers need to know.

Published 19 October 2022
Categorised as Finance News

JPMorgan Chase, taking a feature from fintech rivals, gives some customers early payday deposits

JPMorgan Chase is giving some customers early access to their direct deposits, a feature popularized by fintech rivals.

Published 19 October 2022
Categorised as Finance News

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