Used car prices are down 3.3% from a year ago — but still ‘grossly inflated,’ auto expert says. Here’s where to find deals

Westend61 | Westend61 | Getty Images In the latest inflation reading, used cars are one of the few categories with prices that are lower than they were a year ago. While the consumer price index — which measures price changes for a variety of consumer goods and services — was up 7.1% in November from…

United Airlines is buying at least 100 Boeing Dreamliners to replace aging wide-body jets

In this article BA UAL UG Follow your favorite stocksCREATE FREE ACCOUNT A Boeing 787 Dreamliner operated by United Airlines takes off from Los Angeles International Airport. Getty Images United Airlines is buying 100 Boeing 787 Dreamliners with the option to purchase 100 more new jets that will fly its longest routes and replace less fuel-efficient, decades-old…

FTX spent $256 million on Bahamas real estate — now the island’s government wants it back

The Bahamas has more than 700 islands and cays; remote workers and students can live on 16 of them, including Eleuthera (shown here). Sylvain Sonnet | The Image Bank | Getty Images Bahhamian lawyers say FTX executives Sam Bankman-Fried and Ryan Salame spent $256.3 million spent to buy and maintain 35 different properties across New…

‘Early filers’ should wait to submit their tax return in 2023, the IRS warns. Here’s why

Getty Images If you’re eager to file your 2022 tax return in January or early February, the IRS has a warning: You’ll need to wait for “key documents” before filing in 2023. In a release last week, the IRS urged “early filers” to watch for Form 1099-K, which reports income for third-party payment networks such…

The Efficiency of State Administration of Local Taxes

Key Findings Central administration of local taxes is a common feature of sales taxes but is less common for income, tourism, and other local taxes. Absent centralized administration, localities increase their administrative costs, impose substantial additional compliance costs on businesses, and reduce overall levels of compliance. A patchwork approach to local tax administration is particularly…

Supreme Court upholds California ban on flavored tobacco

In this photo illustration, packs of menthol cigarettes sits on a table in New York City. Drew Angerer | Getty Images The Supreme Court on Monday rejected a bid from the tobacco industry to block a California ban on flavored tobacco products. The ban, or Proposition 31, was overwhelmingly approved by voters in November and…

Stocks making the biggest moves after hours: Oracle, Bank of Montreal and more

In this article BMO-CA TRMB ORCL Follow your favorite stocksCREATE FREE ACCOUNT A sign is posted in front of Oracle headquarters on December 12, 2022 in Redwood Shores, California. Oracle will report second quarter earnings today after the closing bell. Justin Sullivan | Getty Images Check out the companies making headlines after the bell:  Oracle…

Elon Musk is no longer the richest person in the world

In this article MC-FR TWTR TSLA Follow your favorite stocksCREATE FREE ACCOUNT SpaceX owner and Tesla CEO Elon Musk speaks during a conversation with legendary game designer Todd Howard (not pictured) at the E3 gaming convention in Los Angeles, California, June 13, 2019. Mike Blake | Reuters Tesla CEO Elon Musk is no longer the…

Student loan forgiveness could fall through for 30 million borrowers. If it does, consider these 4 relief options

HOUSTON, TEXAS – AUGUST 29: Students study in the Rice University Library on August 29, 2022 in Houston, Texas. Brandon Bell | Getty Images News | Getty Images After President Joe Biden’s historic announcement that tens of millions of Americans would get up to $20,000 in student loan forgiveness, borrowers’ celebrations were short-lived. Conservative groups…

Gen Z loves Minions, horror and Dwayne ‘The Rock’ Johnson

Group of cheerful people laughing while watching movie in cinema. Zoran Zeremski | Istock | Getty Images Gen Z has been an enigma to the entertainment industry for years. But now there’s more insight into what they like. The short answer: Minions and Dwayne “The Rock” Johnson, according to new data from decision intelligence company…