The War for Your Tax Return Heats Up
published Jan 25th 2017, 4:50 pm, by Ben Steverman (Bloomberg) —Every January, it starts again. TurboTax battles H&R Block for dominance in tax preparation, while smaller players fight over the rest of the market. Despite the fierce competition, your return should end up looking more or less the same, no matter
U.S. Stocks Advance on Bank Stock Rally as Dow Surpasses 20,000
published Jan 25th 2017, 3:34 pm, by Oliver Renick (Bloomberg) —U.S. stocks rose Wednesday, carrying forward a global equity rally that’s propelled by expectations of stronger economic growth and government spending by President Donald Trump’s administration. The S&P 500 advanced 0.8 percent to 2,298.37 at 4 p.m. in New York
Oil Declines in New York as U.S. Crude and Fuel Supplies Gain
published Jan 25th 2017, 2:23 pm, by Mark Shenk (Bloomberg) —Oil declined after a U.S. government report showed crude and fuel inventories increased. Futures fell 0.8 percent in New York. Crude supplies rose 2.84 million barrels in the week ended Jan. 20, the Energy Information Administration said. Gasoline stockpiles climbed a fourth
The Divorce Penalty: This 401(k) Fee Can Add Insult to Injury
published Jan 23rd 2017, 5:00 am, by Suzanne Woolley (Bloomberg) —A profit center. A silent fee. One more kick in the pants. Those are a few of the ways divorce lawyers describe the fee that many 401(k) plan participants have to pay when they need to divide a retirement account in a
Devotional 1/25: Pulp Fiction
October of 2016 was the 12 years anniversary since Pulp Fiction was released to theaters. I do not know if you have seen it, but according to the American Film Institute, it is one of the best movies ever made. I have to agree with them. Though it is not
Trump’s Tweets Don’t Turn Out to Be Useful Stock Tips: Gadfly
published Jan 24th 2017, 11:44 am, by Nir Kaissar (Bloomberg Gadfly) —President Trump has embraced Twitter as his bully pulpit, a 140-character instantaneous broadcast of his pronouncements and denouncements, including about companies that he thinks deserve his praise or ire. Some big banks and hedge funds are apparently using computer
Canada May Face Era of Pipeline Abundance After Keystone Move
published Jan 24th 2017, 5:14 pm, by Robert Tuttle (Bloomberg) —President Donald Trump’s decision to revive TransCanada Corp.’s Keystone XL pipeline may herald a new era of pipeline abundance for Canadian oil producers after years of bottlenecks. The U.S. president signed documents to advance the project Tuesday, more than a
U.S. Stocks Fall on Trump Tax Comments, European Shares Lower
published Jan 23rd 2017, 1:08 pm, by Joseph Ciolli (Bloomberg) —U.S. stocks fell amid mounting losses in energy and industrial shares as investors weighed the Trump administration’s trade policies, including comments from the president mentioning a “very major” border tax. The S&P 500 Index declined 0.4 percent to 2,263.36 at
In the Era of Trump, Israel Sees Its Fetters Falling Away
published Jan 23rd 2017, 6:06 am, by Gwen Ackerman and Fadwa Hodali (Bloomberg) — Donald Trump is already looming large over some of the most contentious issues dividing Israelis and Palestinians, emboldening some Israeli officials to take moves that threaten to reignite violence and make the prospect of reviving peace
Mnuchin Says Excessively Strong Dollar May Hurt U.S. Economy
published Jan 23rd 2017, 4:51 pm, by Saleha Mohsin (Bloomberg) — U.S. Treasury Secretary nominee Steven Mnuchin said an “excessively strong dollar” could have a negative short-term effect on the economy. “The strength of the dollar has historically been tied to the strength of the U.S. economy and the faith