Congress may revisit the expanded child tax credit in the lame duck session. But terms may not be as generous as in 2021

House and Senate champions and impacted families appear at a Dec. 7 Washington, D.C., event for expanding the child tax credit during the lame duck session. Tasos Katopodis | Getty Images Entertainment | Getty Images Millions of children were lifted out of poverty in 2021, thanks to a more generous child tax credit that included…

Walmart-backed fintech startup plans to launch its own buy now, pay later loans

In this article WMT Follow your favorite stocksCREATE FREE ACCOUNT The Walmart website is displayed on a laptop in the background with a hand holding a bank card. Rafael Henrique | Lightrocket | Getty Images A Walmart-backed startup is looking to compete with buy now, pay later companies. The venture, called One, is gearing up…

TSMC bucks broader chip slump with 50% revenue surge, helped by Apple iPhone orders

In this article 2330-TW Follow your favorite stocksCREATE FREE ACCOUNT TSMC has bucked a slowdown in areas of the chip market in the face of rising prices, fears of a global recession and Covid disruptions in China. Rafael Henrique | Sopa Images | Lightrocket | Getty Images TSMC, the world’s largest contract chipmaker, on Friday…

Santa Claus rallies are a ‘meaningful’ trend, says financial advisor: What one could mean for investors this year

In this article .SPX Follow your favorite stocksCREATE FREE ACCOUNT Santa Claus looks on at the 98th Annual Christmas Tree lighting ceremony at the New York Stock Exchange on Dec. 1, 2021 in New York. Bryan R. Smith | Afp | Getty Images If history is a guide, stock investors may be poised to get…

Boomers have more wealth ‘than any other generation,’ but millennials may not inherit as much as they hope

On the cusp of the greatest generational wealth transfer in history, baby boomers are set to pass more than $68 trillion on to their children. “It’s a generation that has accumulated a greater percentage of wealth than any other generation ever has,” said Mark Mirsberger, a certified public accountant and CEO of Dana Investment Advisors, referring…

Chile’s Tax Reform Heads in the Wrong Direction

The Tax Foundation recently released the 2022 International Tax Competitiveness Index (ITCI), measuring the complexity and neutrality of countries’ tax systems. Over the years, Chile has consistently remained in the lower half of the Index’s rankings, and in the 2022 version of the Index, Chile fell from 26th to 27th (out of 38 countries) due…

House panel slams NFL, Washington Commanders over misconduct probe

Washington owner Daniel Snyder on the sidelines before a game against the Chicago Bears at FedEx Field in 2019. Jonathan Newton | The Washington Post | Getty Images The NFL and the Washington Commanders misled the public about an investigation into decades-long misconduct in the team’s workplace, according to a report from the House Oversight…

FTX spokesman Kevin O’Leary says he lost his $15 million payday from crypto firm

Investor, “Shark Tank” judge and CNBC contributor Kevin O’Leary said Thursday he’s lost all of the $15 million FTX paid him to act as a spokesman for the now-collapsed crypto exchange that some have called fraudulent. O’Leary and other celebrities, such as Tom Brady and Larry David, were sued by FTX investors who say the…

401(k) ‘hardship’ withdrawals hit record high, Vanguard says — another sign households feel the pinch of inflation

Thomas Barwick | Stone | Getty Images The share of retirement savers who withdrew money from a 401(k) plan to cover a financial hardship hit a record high in October, according to data from Vanguard Group. That dynamic — when coupled with other factors like fast-rising credit card balances and a declining personal savings rate…

Hasbro defends Magic: The Gathering strategy, says ‘there is no evidence’ cards are overprinted

In this article HAS Follow your favorite stocksCREATE FREE ACCOUNT A Magic: The Gathering card is displayed on a mobile phone during a weekly tournament at the Uncommons hobby shop in New York, U.S., on Thursday, June 27, 2019. Photographer: Mark Abramson/Bloomberg via Getty Images Mark Abramson | Bloomberg | Getty Images Hasbro is defending…