Category: Economy

You work all your life so that you will have a comfortable retirement, and for most of us, Social Security is a crucial part of retirement planning. Thus, it is important to understand how retirement benefits work, and especially how Social Security benefits are calculated. Understanding how Social Security benefits are calculated helps you make […]

Footwear brand Caleres Inc. (CAL) reported Thursday that net earnings for the first quarter decreased to $34.73 million or $0.97 per share from $50.51 million or $1.32 per share in the prior-year quarter. Net sales for the quarter declined 9.8 percent to $662.73 million from $735.12 million in the same quarter last year. On average, […]

Save articles for later Add articles to your saved list and come back to them any time. This article was originally published in The Chainsaw. The tax treatment of non-fungible tokens (NFTs) are now on the radar of the Australian Tax Office (ATO), and there are a few things you need to know as we […]

Save articles for later Add articles to your saved list and come back to them any time. US President Joe Biden and House Republican Speaker Kevin McCarthy on Saturday reached an agreement in principle to lift the debt ceiling that would trim some US federal spending. While the bill is still being written, the general […]

German economy entered a technical recession in the first quarter of this year as household consumption slumped amid the rising cost of living that is fueled by high inflation, revised data from the statistical office Destatis showed Thursday. Gross domestic product declined a seasonally and calendar adjusted 0.3 percent from the fourth quarter of last […]

The Reserve Bank of New Zealand raised its benchmark rate by a quarter-point and signaled that the rate will remain restrictive for the foreseeable future. The Monetary Policy Committee, led by RBNZ Governor Adrian Orr, decided to lift the Official Cash Rate by 25 basis points to 5.50 percent, its highest since December 2008. This […]

U.S. retailers Abercrombie & Fitch Co. (ANF) and Kohl’s Corp. (KSS) reported on Wednesday results for the first quarter that topped analysts’ estimates, with Abercrombie & Fitch raising its outlook for the full-year 2023 and Kohl’s affirming its guidance for fiscal 2023. Meanwhile, The Children’s Place, Inc. (PLCE) reported results that missed estimates and slashed […]

Save articles for later Add articles to your saved list and come back to them any time. Treasury has confirmed it has referred the PwC tax scandal, involving former partner Peter Collins, to the Australian Federal Police for a criminal investigation. “PwC Australia’s former head of international tax, Mr Peter Collins, improperly used confidential Commonwealth […]

Washington state launched the new Working Families Tax Credit in February that is estimated to benefit about 400,000 families. Now, Gov. Jay Inslee has signed legislation to expand this tax credit from Washington state. Changes To Tax Credit From Washington State Applications for the new Working Families Tax Credit opened Feb. 1, offering up to […]

Save articles for later Add articles to your saved list and come back to them any time. I have three primary school-aged children. My husband works full-time, I work casually, and we’ve just finished paying off all our credit card debt. It’s a relief to have a clean slate for the first time. However, I’m […]