Commentary Silicon Valley Bank (SVB), the country’s sixteenth-largest bank with $209 billion in assets, failed on Friday in one of the most shocking developments to hit the banking sector since the global financial crisis fifteen years ago. SVB’s claim to fame was its deep connection to the venture capital and tech community of Silicon Valley, boasting…
IRS Notice Reveals How Taxpayers Can Avoid or Reduce Penalties
A recent reminder from the Internal Revenue Service (IRS) for taxpayers to submit their tax returns, plus any owed payments, by the April 18 deadline, also included several strategies that people struggling to pay by the deadline can use to avoid or reduce penalties. In a news release issued Thursday, the IRS reminded people about the…
Energy Stocks Should Pump out More Gains
By Kim Clark From Kiplinger’s Personal Finance The gusher of rising energy stock prices, which has sent the sector up 66 percent in 2022 on top of 55 percent in 2021, may finally be calming a little. But there’s still plenty of oomph left for volatility-tolerant investors to reap rich profits in energy stocks in…
Are Disney World Tickets More Expensive?
Everyone knows the happiest place on earth. It’s been ingrained in us since we were children. As a result, Disney World, despite its recent issues, is one of the hottest attractions in America. But is the happiest place on earth also becoming the most expensive place? We’ll take a look at Disney pricing and if…
Closing Prices for Crude Oil, Gold and Other Commodities (Mar. 10)
March 10, 2023
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Benchmark U.S. crude oilBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for April delivery rose 96 cents to $76.68 a barrel Friday. Brent crude for May delivery rose $1.19 to $82.78 a barrel. Wholesale gasoline for April delivery rose 4 cents to $2.65 a gallon. April heating oil rose 10 cents to $2.77 a gallon. April natural gas fell 11 cents to…
Seniors More Vulnerable to Losing Money Through Online Scams: Attorney General
The Federal Trade Commission found that elderly people are the most vulnerable to online scams, with the age bracket of 60 to 69 being taken advantage of more than any other age group. “Seniors are [a] particularly vulnerable area of the population to scammers,” Virginia Attorney General Jason Miyares told The Epoch Times. Scammers target…
Six Major Changes Made by IRS for 2023 Tax Season
March 10, 2023
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BrightBusiness & Marketschild tax creditClean Energy Tax CreditsEarned Income Tax Credit (EITC)economyEstate TaxIRS - U.S. Internal Revenue ServiceMarginal Tax Ratespersonal financePolicies & Impactsstandard deductiontaxtax changesTax Deductiontax filingtax year 2022USWealth Management
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Tax year 2022 saw multiple changes made by the Internal Revenue Service to tax limits, credits, standard deductions, and so on. With the deadline for filing returns fast approaching, here is a list of some of these changes. Marginal Tax Rates The IRS slightly changed tax brackets for the 2022 tax year. The top tax…
Silicon Valley Bank Fails, FDIC Steps in to Protect Depositors From Losing All Their Money
March 10, 2023
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Bank RunBusiness & MarketsCompaniesdepositseconomic policieseconomyFDICInvestmentpersonal financeSVBUS
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The Federal Deposit Insurance Corporation (FCIC) has assumed control of Silicon Valley Bank (SVB) to protect depositors from losing all of their money after it was closed by the California Department of Financial Protection and Innovation. Federal banking regulators on March 10 took custody of the country’s 16th largest bank, which was a top lender for American…
FDIC Takes Control of Silicon Valley Bank After Its Collapse
March 10, 2023
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Bank RunBusiness & MarketsCompaniesdepositseconomic policieseconomyFDICInvestmentpersonal financeSVBUS
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The Federal Deposit Insurance Corporation (FCIC) has assumed control of Silicon Valley Bank (SVB) to protect depositors from losing all of their money after it was closed by the California Department of Financial Protection and Innovation. Federal banking regulators on March 10 took custody of the country’s 16th largest bank, which was a top lender for American…
The Changing Rules for the Electric Vehicle Tax Credit
By Kelley R. Taylor From Kiplinger’s Personal Finance When the Inflation Reduction Act passed in 2022, it ushered in an electric vehicle tax credit worth up to $7,500. This EV tax credit has caused some confusion ever since partly because of the rules on price limits as well as the manufacturing, sourcing and assembly of…
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