How the new tax law affects vacation-home owners
If you own a vacation home that you use for both rental and personal purposes, now is a good time to plan how to use it for the rest of this year with tax savings in mind. Here’s what you need to know: Rented less than 15 days during the year with more than 14 […]
How student-loan debt affects the rest of your life (it’s not pretty)
Student-loan debts are crippling the finances of Americans and seriously stressing them out, according to a new survey. It’s no secret there are widespread hazards with hefty student loans, but a new report from Student Debt Crisis, a nonprofit organization, and Summer, a start-up geared at helping student-loan borrowers figure out repayment, paints a stark […]
Credit Card Limits Tightening
Did your credit card limit unexpectedly decrease? If so, would you believe the good economy is the reason why? Capital One and Discover, two of America’s largest credit card issuers, recently announced a tightening of credit card limits despite the strong economy. Both companies cite risk management as the reason. While the economy may be […]
A tax-smart move for 70-somethings with extra money on their hands
If you’ve reached age 70½, you can make cash donations to IRS-approved charities out of your IRA. These so-called qualified charitable distributions (QCDs) are now a permanent feature of the tax law — unless Congress changes its mind. To take maximum advantage for 2018, you should replace some or all of this year’s IRA required […]
Proposed technology export ban in US could affect Apple
American citizens can share their responses on the subject only by December 19 — giving only a one-month window for responses from the public before the Bureau starts pressing the matter further. San Francisco: A ban has been proposed in the US on the selling of emerging technologies like Artificial Intelligence (AI), computer vision and […]
Elon Musk renames BFR spacecraft to ‘Starship Super Heavy’
Elon Musk has decided to rename SpaceX’s BFR spacecraft to “Starship Super Heavy.” Musk tweeted his ideas today, with a brief explanation of what the new name’s meaning. His first tweet simply said he was “renaming BFR to Starship.” The CEO then elaborated on what he envisioned the full name to be. Since the former […]
A cheaper Pixel is likely coming, and we may know what it looks like
Although Google has not announced a more affordable Pixel 3 variant, hopes remain high, rumors fly, and a Russian tech blog reveals a likely candidate. This past week, Russian tech blog Rozetked shared images and specs of a phone that looks suspiciously similar to the Google Pixel 3, but this one dons a headphone jack […]
Surge in keyless crime as thieves take advantage of new technology
Keyless car crime surged last year as industry experts warned that criminals are embracing new technology to break into vehicles. Insurers paid out a record £271m in theft claims in the first nine months of this year – a 32 per cent increase on the same period last year, according to the Association for British […]
MedMen cuts fundraising round nearly in half, as CFO quits
Pot producer reduces financing round to $75 million from $120 million U.S.-based marijuana producer MedMen Enterprises Inc. confirmed Monday that it had reduced a round of funding by nearly half, amid its chief financial officer’s resignation and a punishing week for the stock. MedMen MMNFF, -3.63% said Friday that CFO James Parker quit and the […]
Home builder confidence tumbles the most since 2014 as housing headwinds catch up
Sentiment didn’t fall this sharply from one month to another even during the worst of the housing crisis The numbers: The National Association of Home Builders’ monthly confidence index plunged eight points to 60 in November. What happened: The many headwinds that have been dogging the industry finally showed up in this report. Labor is […]