The weekend reads: Could the IRS be monitoring your bank account?
The Biden administration wants banks to report total annual inflows and outflows from bank accounts to the Internal Revenue Service if those amounts exceed $ 600. It would cover almost all bank accounts. He says it would go a long way in finding cheaters who pay $ 166 billion in too little tax each year.
Andrew Kesher takes an in-depth look at the IRS’s bank account monitoring proposal and its implications.
A period of inflation means it’s time for those ETFs
Mark DeCambre writes the ETF Wrap column. Topics he covers this week include exchange-traded funds recommended for an inflationary economy.
Booming energy stocks ready for more gains
Over the past month, most equity sectors have retreated, but the energy sector has soared. Still, stocks are still lagging the recovery in oil prices. JP Morgan analysts have argued for continued increases in the prices of oil and gas as well as those of associated stocks. Here’s a new widescreen of energy stocks, highlighting Wall Street’s favorite picks for the next 12 months.
The two favorites, based on consensus price targets, are âgreenâ energy producers: Clean Energy Fuels Corp. CLNE,
which produces natural gas by extracting methane from biological waste, and Renewable Energy Group Inc. REGI,
which produces biodiesel fuel.
Facebook Inc. FB,
and CEO Mark Zuckerberg took a beating this week. Frances Haugen, a former Facebook product manager, told Congress that the social media giant has misled investors and the public about the damaging effects of some of its business practices. Zuckerberg turned down a letter to company employees.
Therese Poletti examines the risks Facebook faces as a result of the allegations, including government investigations and other legal actions.
More Facebook Coverage:
It’s better than recycling
Recycling efforts are easy to understand and support, but what can be most effective in reducing waste and greenhouse gas emissions is an array of closed system designs. The Best New Ideas in Money series continues as Debbie Carlson explains the benefits of closed-loop product designs for building a circular economy.
Those fitness IPOs failed
When the stock market is hot, so is the demand for initial public offerings. But recent IPOs for fitness companies haven’t gone so well, with some falling below their initial prices. Ciara Linnane takes an in-depth look at the fitness IPO landscape, including some companies that may delay their IPO plans.
An EV IPO
Rivian Automotive is an electric vehicle manufacturer backed by Amazon.com Inc. AMZN,
and is preparing its own IPO. Claudia Assis explains five things to know about Rivian.
How to invest: time spent in the market beats market-timing
Here’s something to share with anyone who needs to learn how to make their money work for them. As part of the How To Invest series, Paul A. Merriman’s explanation of how an early start can be the most important factor in building a large investment portfolio.
Learn more about how to invest:
When is it worth hiring someone to manage your money?
Robo-advisers give decent cheap financial advice
The return of JEDI
Amazon was successful in retaliating after the US Department of Defense awarded the joint enterprise defense infrastructure to Microsoft Corp. MSFT,
The original contract was canceled. Now JEDI is back, and Microsoft and Amazon are already guaranteed installments of a new deal. These other companies are trying to join them, as Jon Swartz reports.
How large companies are coping with the supply shortage
Scenes like the one above have become all too common during a time of high demand and disrupted supply. Companies like Walmart Inc. WMT,
Target Corp. TGT,
and Home Depot Inc. HD,
try to stock shelves in time for Christmas by mapping their own ships. Will it work?
The flu risk during another COVID-19 winter
Here’s why getting the flu shot is more important than ever. The alternative, according to Mark S. Roberts, professor of health policy and management at the University of Pittsburgh and Richard K. Zimmerman, professor of family medicine at the same university, is the risk of a “twinemia.”
Has COVID-19 caused you to put COVID 15?
This phenomenon has not only affected many people, it has changed their purchasing habits and affected various businesses, reports Tonya Garcia.
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