The Internal Revenue Service (IRS) headquarters building in Washington. J. David Ake/AP hide caption toggle caption J. David Ake/AP Approximately 1 million taxpayers will automatically receive special payments of up to $1,400 from the IRS in the coming weeks. The money will be directly deposited into eligible people’s bank accounts or sent in the mail … Read more
Automatic payments certainly simplify your financial life. You can reduce the risk of late payments and fees, and some lenders even give you a discount for enrolling in autopay. However, the convenience of automatic payments does have a downside: You could end up paying for services you no longer use without realizing it. In fact, … Read more
Robin Vince says BNY Mellon employees will circle back to bureaucracy in 2025.Saul Loeb/AFP via Getty Images BNY CEO Robin Vince said the bank is currently in a “recharge period” until 2025. Employees at the finance giant are encouraged to focus on “core business activities. The move is part of a larger push by the bank to … Read more
Holiday medicine Tatyana/Getty Images hide caption toggle caption Tatyana/Getty Images It’s the holiday season, a time for family, festivities — and shoddy medical practices?! Okay, so maybe that’s a bit alarmist. But a new, holiday-related study has us thinking about how doctors are humans with cognitive biases, quirks, and flaws like the rest of us … Read more
By Karen Brettell NEW YORK (Reuters) -The Japanese yen rose off a five-month low against the dollar on Friday after a summary of opinions from the Bank of Japan’s December policy meeting showed some policymakers gaining confidence in an imminent rate increase, while the Japanese central bank also cut its monthly bond purchases. Some Bank … Read more
Stocks are ending 2024 near record highs. Over the past 12 months, the Nasdaq Composite (^IXIC) has rallied more than 31% and the S&P 500 (^GSPC) has climbed over 25%. Meanwhile, the blue-chip Dow Jones (^DJI) has risen a more modest 14%. Below is a collection of 10 charts that tell the story of market … Read more
By Savyata Mishra and Juveria Tabassum (Reuters) -The Nordstrom family teamed up with Mexican retailer Liverpool to clinch a $4 billion deal to take iconic department store chain Nordstrom private, six years after a similar attempt fell short. Nordstrom and rivals such as Macy’s have become enticing takeover targets in recent years as sales have … Read more