The partial government shutdown will have some impact on the release of market-moving economic data, though the biggest reports likely won’t be affected. Most prominently, the Bureau of Labor Statistics still plans on releasing the critical nonfarm payrolls report Jan. 4. Likewise, the Labor Department’s weekly jobless claims data also will be released, according to […]
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December’s ugly stock market is very bad news for California’s finances. That’s because the state’s top 1 percent of personal income tax earners — roughly 164,000 tax returns — generate about half of the personal income taxes in California. A good chunk of the income from the wealthy comes from capital gains and stock options […]
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President Donald Trump spent the early hours of Christmas Eve attacking his political enemies and criticizing the Federal Reserve, as the government entered its third day of partial shutdown and markets tanked yet again. “I am all alone (poor me) in the White House waiting for the Democrats to come back and make a deal […]
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Donations generally pick up as the holidays approach; this year could be an exception. Because of the recent tax changes, most taxpayers won’t be able to claim a deduction for their charitable contributions — and if they can get a break, most won’t get as much of a tax savings on the dollars that they […]
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President Donald Trump threatened a government shutdown for weeks. He got one when the clock turned to Saturday. Congress missed a midnight deadline to fund nine departments, or about a quarter of the government. Parts of the government closed after Congress adjourned earlier Friday night without striking a deal on seven spending bills. Lawmakers failed […]
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