Many States are Cutting Taxes, Some Like New York and Illinois are Raising Them
By the end of 2023, about half of the states will have cut rates on income within three years. But some Progressive states are intent on driving away businesses and consumers.
World’s Biggest Pension Fund Posts Loss in Longest Losing Streak in Two Decades
Japan's Government Pension Investment Fund — the world's largest — reported a fourth consecutive quarterly loss on Friday, taking it to its longest losing streak in 20 years.
US Pension Funds Are on the Brink of Implosion – And Wall Street Is Ignoring It
It is a warning that Wall Street executives, busy skimming fees off retirement nest eggs, want you to ignore. The longer the warning goes unheeded, however, the bigger the financial time bomb may be for workers, retirees and the governments that pay them.
Oil Heads for Second Weekly Drop Amid Ongoing Signs of Weakness
Oil headed for a second weekly decline as dimming optimism over a recovery in Chinese demand and rising US stockpiles offered the latest indications that the market remains soft.
Stock Buybacks Race to Record $132 Billion Start as Companies Snub All Warnings
President Joe Biden dislikes them. The taxman is coming after them. And Wall Street strategists warn the boom won’t last. Yet against all odds, Corporate America continues to splurge on its own shares — a force that has fueled the new year rally.