An off-campus party at the University of Colorado in Boulder lasted from the daytime hours well into Saturday evening, resulting in a police response reportedly including a municipal SWAT team, before a crowd estimated as high as 800 people was dispersed. Local media accounts noted that the crowd, believed to …
Read More »TaxWatch: Did you refinance your mortgage last year? Here’s how it could affect your taxes
As interest rates plummeted throughout 2020, mortgage refinancing became a major avenue to saving money in the midst of the coronavirus pandemic. But those who took the plunge need to be aware of how opting to refinance could affect their taxes insofar as deductions are concerned. The Mortgage Bankers Association …
Read More »: Americans scroll Amazon and Walmart for bargains — yet choose pricey healthcare services and throw away hundreds of dollars
People will spend hours scouring Amazon AMZN, +0.77%, Walmart WMT, +1.25% and Target TGT, +1.64% for bargains, and aggressively negotiate with car dealers and real-estate agents — yet they literally drive past potential savings when choosing health-care services. Patients who needed MRIs and had access to a price-shopping tool still …
Read More »Economic Preview: The U.S. economy is ready to surge again. So is inflation
The U.S. added a robust 379,000 jobs in February and the economy is primed to take off, but improved growth prospects might come with a cost in the short run. In a word, inflation. Make no mistake, inflation is still very low right now and it has been for the …
Read More »: DeVos appointee who oversaw America’s student-loan portfolio resigns as Biden education secretary pledges to ease student-debt burden
Mark Brown, the head of the office overseeing the government’s student-loan portfolio, resigned Friday, following calls on the Biden administration to remove Brown, who was appointed by former Secretary of Education Betsy DeVos. Secretary of Education Miguel Cardona said in a statement Friday morning that he’d accepted Brown’s resignation from …
Read More »: Pandemic-related jobless benefits derail $1.9 stimulus debate in Senate
There was drama Friday in the Senate’s vote-a-rama. What Democrats had billed as the last step before Senate passage of the massive $ 1.9 trillion coronavirus economic package — a marathon series of rapid-fire amendment votes called vote-a-rama that was expected to last into Saturday — stalled out early, raising …
Read More »Weekend Sip: It’s time to crack open a can (of whiskey, that is)
The can Two Stacks’ Dram in a Can Irish Whiskey, $ 18.99 for a four-pack The back story In recent years, canned beverages have acquired a certain cachet. Craft beer makers have embraced the packaging. And beverage brands are heavily promoting canned cocktails, to say nothing of hard seltzer. What …
Read More »The Wall Street Journal: AstraZeneca COVID-19 vaccine shipment to Australia blocked by Italy
Italy blocked the export of AstraZeneca PLC’s Covid-19 vaccine to Australia, in a move coordinated with European Union authorities, reflecting mounting frustration in Europe with slow deliveries of vaccines. The move was prompted by the persisting shortage of vaccines in Italy and the EU, delays in the supply of vaccines by …
Read More »Market Extra: 5 reasons why negative repo rates are different than the last overnight-funding crisis
It was a big deal in September 2019 when overnight-lending “repo” rates suddenly spiked as high as 9%, raising concerns on Wall Street and at the Federal Reserve to step in to avoid a potential crisis in a key financing cog of global finance. Now, some 17 months later, pretty …
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