The Japanese government approached the Bank of Japan Deputy Governor Masayoshi Amamiya to succeed Haruhiko Kuroda as the central bank governor, the Nikkei reported Monday, citing people familiar with the matter. The Nikkei news sent the yen tumbling to more than a three-week low against the dollar. However, a Japanese government spokesperson later refuted the Nikkei report, Bloomberg News said. […]

video ‘Mild recession’ will tip to ‘deep recession’ when unemployment spikes: Kenny Polcari SlateStone Wealth chief market strategist Kenny Polcari and Bubbatrading.com chief strategist Todd Horowitz discuss the odds of a U.S. recession and the crypto trade in 2023 on ‘The Claman Countdown.’ The number of Americans filing for unemployment benefits unexpectedly dropped last week, falling to the lowest level […]

video Insurance premiums skyrocketing in the south due to severe weather FOX Business’ Ashley Webster reports on the rising costs of home insurance for residents in southern states like Florida and Louisiana due to devastating storms. Hundreds of thousands of homes and businesses are without power in Texas on Thursday morning as winter weather lingered over southern states.  More than […]

The Federal Reserve on Wednesday announced its widely anticipated decision to raise interest rates by another quarter point. After a two-day meeting, the Fed said it has decided to raise the target range for the federal funds rate by 25 basis points to 4.50 to 4.75 percent. The latest interest rate hike comes after the central bank raised rates by […]

Health insurer Humana Inc. (HUM) reported Wednesday a net loss for the fourth quarter that slightly widened from last year, hurt primarily by charges associated with productivity initiatives, despite 6.6 percent revenue growth. Adjusted earnings for the quarter topped analysts’ expectations, while quarterly revenues missed it by a whisker. The company also initiated adjusted earnings guidance for the full-year 2023, […]

Euro area narrowly escaped a shrinkage in the fourth quarter, but the growth remained modest on weaker consumer spending amid high inflation. Gross domestic product grew 0.1 percent sequentially after rising 0.3 percent in the third quarter, preliminary flash estimates from Eurostat showed on Tuesday. Economists had forecast the single currency bloc to shrink 0.1 percent. On a yearly basis, […]

While I was on holiday, I noticed a tweet that left me in no doubt about the subject of my first column back. It said: “I genuinely think the next generation will not forgive us for what we have done to them and the world they will have to live in.” I, too, fear they won’t. I don’t know whether […]

My will states that my share of my home is left to my husband, and my superannuation is to be divided three ways between my husband and my two children. My children are financially independent. Would they be liable for tax when inheriting their share of my super? Am I correct in understanding that a good strategy would be to […]

Some restaurants in Virginia could get some nonrefundable tax credits going forward for their efforts to restore the Chesapeake Bay oyster population. Lawmakers recently voted to move forward with legislation that would give tax credits to restaurants for recycling oyster shells. Tax Credits To Restaurants: Incentive And Reward Last week, the House Finance subcommittee voted 6-2 in favor of the […]

Revised data released by the University of Michigan on Friday showed consumer sentiment in the U.S. improved by slightly more than initially estimated in the month of January. The report showed the consumer sentiment index for January was upwardly revised to 64.9 from the preliminary reading of 64.6. Economists had expected the index to be unrevised. With the upward revision, […]