Most people realize that funds rolled over within 60 days will avoid unwelcome tax consequences. If someone misses the deadline for a legitimate reason, however, there is wiggle room available because the IRS allows them to self-certify their eligibility for an extension. Let’s take a closer look at the options available to complete a valid → Read More

Bloomberg News Larry Kudlow, director National Economic Council, says the White House is planning new tax cuts. New tax cuts floated by Donald Trump are in the “planning stage,” the head of the White House National Economic Council said Tuesday, a day after the president told reporters the administration would put in a “resolution” in → Read More

Reuters Members of the emergency services work inside burnt out remains of the Grenfell apartment tower in North Kensington, London, Britain, June 18, 2017. The closely watched auction of aluminum giant Arconic has hit a snag, as prospective bidders have been recently told of potential liabilities related to last year’s deadly Grenfell Tower disaster in → Read More

Ronald Reagan, when addressing disarmament in the 1980s, made famous the term “trust but verify.” Today, we find ourselves in a financial disarmament with the U.S. national debt exceeding $21 trillion — the result of decades of financially engineered debt that now serves as a weapon of mass destruction. In my seat as the first → Read More

Bitcoin traded lower Tuesday on light volumes as market watchers kept their eyes on a global stock market selloff. In early Tuesday trading, a single bitcoin BTCUSD, -0.39%  on the Kraken crypto exchange was changing hands at $6,415.43, down 0.6% since 5 p.m. Eastern Time Monday. However, for broad market watchers, cryptocurrencies have taken a → Read More

Getty Images George Soros An explosive device was found Monday afternoon at the home of billionaire and Democratic donor George Soros in New York’s Westchester County, according to law-enforcement officials. The Bedford Police Department said it received a call from the residence regarding a suspicious package. An employee at Soros’s residence found the package, revealing → Read More

U.S. Treasury prices rose Tuesday, pulling down yields, on an apparent flight to safety as a renewed Chinese stock market rout sparked global equity weakness. What are yields doing? The yield on the 10-year Treasury note TMUBMUSD10Y, -2.07%  fell 4.7 basis points to 3.141%, while the 2-year Treasury note yield TMUBMUSD02Y, -1.00%  declined 2.9 basis → Read More

American Express AXP, -2.08%  and Amazon AMZN, +1.43%  are offering a new credit card for small businesses designed to alleviate some of the cash flow problems business owners can encounter. The Amazon Business American Express Card launches Tuesday and offers special rewards for purchases made on Amazon.com, Amazon Business, Amazon Web Services and at Whole → Read More

MARKETWATCH FRONT PAGE Stock futures point to a punishing session Tuesday as a two-day rally for China’s stock market begins to unravel. See full story. Amazon earnings: Analysts more optimistic about Amazon than Alibaba Stifel analysts added Amazon to its select list and removed Alibaba on concerns about the Chinese economy. See full story. Elon → Read More

Suze Orman did a smackdown of the FIRE (Financial Independence/Retire Early) movement on Paula Pant’s podcast. She said she “hates it, hates it, hates it.” Interesting since her publicist asked Paula for the interview, as well as asking this of other FIRE podcasters, in order to push Suze’s new book, products and events. Talk about → Read More