Biden’s budget proposes tax hike on married filers making more than $450,000

President Joe Biden introduces his budget request for fiscal year 2023 on March 28, 2022 in Washington. Anna Moneymaker | Getty Images President Joe Biden released his 2023 federal budget request on Monday, calling to hike the top marginal income tax rate to 39.6% from 37%, a proposal floated by the administration last year. The…

Cathie Wood has been a magnet for criticism. She blames her contrarian views, not her gender

In this article ARKK Catherine Wood, chief executive officer of ARK Investment Management LLC, speaks during the Milken Institute Global Conference in Beverly Hills, California, on Monday, Oct. 18, 2021. Kyle Grillot | Bloomberg | Getty Images It’s hard to talk about the topic of women in investing without mentioning Cathie Wood. The founder, CEO…

Consumers have saved more than $100 billion in health savings accounts

Morsa Images | Digitalvision | Getty Images Health savings accounts eclipsed $100 billion by the end of January, according to Devenir, an HSA investment consultant, as more consumers use the tax-advantaged accounts to save for future health costs. The firm forecasts HSA funds will hit $150 billion by the end of 2024. “The growth is…

Biden’s budget makes no mention of student loan forgiveness

US President Joe Biden delivers a speech at the Royal Castle in Warsaw, Poland on March 26, 2022. Brendan Smialowski | AFP | Getty Images Nowhere in President Joe Biden’s more than 100-page budget for 2023 is any mention of student loan forgiveness or the payment pause for borrowers, continuing the uncertainty millions of Americans…

Are Tax Rebates a Good Way to Provide Relief from Rising Prices?

States are flush with cash, but taxpayers’ purchasing power is being eroded by high inflation. It’s unsurprising that many policymakers have jumped at the chance to apply surpluses to meet the genuine needs of many residents—but good intentions do not always make for good policy.  Tax rebates, gas tax holidays, and other temporary tax expedients…

Dairy Queen launches Stackburger line as chain sees record sales in 2021

In this article BRK.A Dairy Queen’s Flamethrower Stackburger and small ice cream cone Source: Dairy Queen Dairy Queen is expanding its burger offerings as the fast-food chain looks beyond Blizzards and other desserts. The new Stackburger line is Dairy Queen’s biggest menu expansion in two decades, with five burger flavors for U.S. customers: Flamethrower, Loaded…

Sequoia leads $80 million funding round for Swiss expense management start-up Yokoy

The Yokoy platform. Yokoy Sequoia Capital is betting the next European tech giant will emerge in Switzerland. The Silicon Valley venture capital firm told CNBC that it led an $80 million funding round for Yokoy, a platform that helps large companies manage their expenses, invoicing and credit card processing. Previous investors Left Lane and Balderton…

Some passports are better than others. Here’s a list of the most powerful ones

A new index ranks Luxembourg as the top passport in the world for aspiring global citizens.   The small European country ranked No. 1 out of 199 places in the “Nomad Passport Index 2022” published by the tax and immigration consultancy Nomad Capitalist. While many passport rankings focus solely on visa-free travel, this index adds…

There’s still time for 2021 IRA contributions, but a tax break isn’t guaranteed. Here’s what to know

Tetra Images | Tetra images | Getty Images The tax deadline is fast approaching, and there are still a few ways to trim your bill — including a contribution to your traditional individual retirement account. You have until this April 18, the tax filing deadline for most Americans, to make IRA deposits for 2021. But…

Cramer’s lightning round: I like Nucor over ArcelorMittal

Loading chart… Wells Fargo & Co: “Wells Fargo is the bank stock to own.” Loading chart… Enbridge Inc: “I like Enbridge. Wall Street doesn’t like it.” Loading chart… NXP Semiconductors NV: “I like NXP. … I think you got a good story there.” Loading chart… Inmode Ltd: “I like Inmode. I like skincare.” Loading chart……

Stock futures are flat ahead of consumer confidence data

Stock futures were flat in overnight trading ahead of Tuesday’s consumer confidence data and a big week for economic data. Futures on the Dow Jones Industrial Average and S&P 500 were flat, while Nasdaq 100 futures inched 0.1% lower. During Monday’s regular trading session, the Dow Jones Industrial Average rose 94.65 points or 0.27%. The…