Local officials say a fire at an ammunition storage site on Crimea left two people injured. It comes a week after a series of explosion at an air base on the peninsula annexed from Ukraine by Russia. Russian media reported that the blaze and a series of explosions rattled the village of Mays…
Malaysia’s top court has ordered former Prime Minister Najib Razak to begin his final appeal after rejecting his request to throw out his graft conviction and 12-year sentence over potential judicial bias. The Federal Court said Tuesday it wasn't convinced the judge was biased in his ruling …
Giorgia Meloni is riding a wave of popularity that next month could see her become Italy’s first female prime minister and its first far-right leader since World War II. Meloni's message blends Christianity, motherhood and patriotism. Her Brothers of Italy party has neo-fascist roots. But Me…
Federal officials on Tuesday are expected to announce water cuts that would further reduce how much Colorado River water some users in the seven U.S. states reliant on the river and Mexico receive. Cities, farms and water managers in Arizona, Nevada and Mexico are widely anticipating Tuesday…
President Joe Biden is preparing to sign Democrats’ landmark climate change and health care bill. It's the “final piece” of the president's pared-down domestic agenda as he aims to boost his party’s standing with voters ahead of midterm elections. The legislation includes the biggest federal…
Democrats have pulled off a quiet first in legislation passed this month: the creation of a tax targeting stock buybacks. The bill includes a new 1% excise tax on companies’ purchases of their own shares, a tactic that companies have long used to return cash to investors and bolster their st…
Asian shares are mostly rising after a rebound on Wall Street, despite regional investor risks reflected in negative economic data out of China. The benchmark in Tokyo was little changed, erasing earlier gains, but indexes in South Korea, Australia and China gained in morning trading. Fallin…
A project in the country's top coal-producing area seeks to pump the carbon dioxide produced by burning that coal back underground. The project is one of dozens nationwide that stand to get a big boost from tax credits in the new climate bill plus a share of $2.5 billion in funding for carbon capture and storage in last year's infrastructure bill. It's also part of Wyoming's vision of becoming a center for carbon capture and storage. The work near the Dry Fork Station power plant outside Gillette so far involves drilling two injection wells nearly two miles underground. Proponents of carbon storage say the technology is straightforward but others are skeptical it can ever be done economically.
The Ukrainian military says it has repelled more than a dozen Russian attacks in the country’s east and north, including attempts to advance on key cities in the eastern industrial heartland known as the Donbas. In its regular Facebook update, the military’s General Staff said Monday that Russian troops had attempted to push towards Kramatorsk, one of two major cities in the eastern Donetsk province that remain under Ukrainian control, but they failed “completely and chaotically” and retreated. The Donetsk region is one of two provinces that make up the Donbas, where the fighting has largely been focused in recent months, since Kremlin forces retreated from around the capital, Kyiv.
The flagship climate change and health care bill passed by Democrats and soon to be signed by President Joe Biden will bring U.S. taxpayers one step closer to a government-operated electronic free-file tax return system. It’s something lawmakers and advocates have been seeking for years. For many Americans, it’s frustrating that beyond having to pay sometimes hefty tax bills, they also have to shell out additional money for tax preparation programs or preparers because of an increasingly complex U.S. tax system. Treasury Secretary Janet Yellen says, “It’s definitely something we should do, and when the IRS is adequately resourced, it’s something that will happen."
Starbucks is asking the National Labor Relations Board to suspend all union elections at its U.S. stores. The request came Monday in response to a board employee's allegations that regional NLRB officials improperly coordinated with union organizers. In a letter sent to the board, Starbucks said an unnamed career NLRB official told the company about the activity, which happened in the board's St. Louis office in the spring while it was overseeing an election at a Starbucks store in Overland Park, Kansas. The labor board says it doesn't comment on open cases. More than 220 U.S. Starbucks stores have voted to unionize since late last year. The company opposes unionization.
Seven Western U.S. states face a deadline from the federal government to come up with a plan to use substantially less Colorado River water in 2023. The U.S. Bureau of Reclamation is expected to publish hydrology projections on Tuesday that will trigger agreed-upon cuts for states relying on the river. States face the threat of proposing additional cuts or having them mandated by the federal government. Prolonged drought, climate change and overuse are jeopardizing the water supply that more than 40 million people rely on. States acknowledge painful cuts are needed, but are stubbornly clinging to the water they were allocated a century ago.
At its current pace, Medicare’s Hospital Insurance trust fund will run out of money in 2028, according to the June 2022 Medicare trustees report. That’s a two-year extension on the…
Norway’s exports have reached a record in July that is driven mainly by higher natural gas prices. The Scandinavian country’s statistics agency on Monday said Norwegian exports reached 229 billion kroner ($24 billion) last month. That's 0.4 percent higher than the previous record set in March. Norway’s trade surplus of 153.2 billion kroner ($15.8 billion) also was the highest on record. Norway is a major producer of offshore oil and gas. The country has seen energy exports surge as European countries scramble to find alternatives to Russian energy in response to Moscow's invasion of Ukraine.
The top executive at Pfizer, a leading producer of COVID-19 vaccines, has tested positive for the virus and says he is experiencing very mild symptoms. Chairman and CEO Albert Bourla said that he started taking Pfizer’s Paxlovid pill treatment, and he’s staying in isolation while he recovers. Bourla said Monday in a brief statement from the drugmaker that he has received four shots of Comirnaty, the COVID-19 vaccine developed by both Pfizer and German drugmaker BioNTech, and he is confident that he will recover quickly.
A United Nations-chartered ship loaded with 23,000 metric tons of Ukrainian grain destined for Ethiopia was getting ready to sail from a Black Sea port. It's the first shipment of its kind in a World Food Program plan to assist countries facing famine. Ukraine and Russia reached a deal with Turkey on July 22 to restart Black Sea grain deliveries, addressing the major export disruption that has occurred since Russia invaded Ukraine in February. Ethiopia is one of five countries that the U.N. considers at risk of starvation. On the front line, Russian forces on Sunday fired rockets on the Mykolaiv region in southern Ukraine, killing at least one person.
Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week we’re running an episode from our financial dream series, where we talk with Nerds who…
These retail chains and other companies, including restaurants, fast-food chains, airlines and hotels have put a lot of effort (and smelling tests) into perfecting their signature aromas.
The U.S. has imposed sanctions on three high-ranking Liberian government officials for engaging in alleged public corruption. President George Weah’s chief of staff, the nation’s chief prosecutor and the current managing director of the national port authority have been designated by the Treasury Department’s Office of Foreign Assets Control for sanctions. Liberia was battered by back-to-back civil wars that left 200,000 people dead and displaced half of the country’s population. Public corruption has been a persistent problem, which has prevented economic development in an otherwise resourceful country of more than 5 million people.
Although each individual dividend payment might seem small on its own, when you harness them to drive compound growth, they can work wonders.
Germans are facing a new tax on natural gas use that could cost the average household several hundred euros a year and is aimed at rescuing importers slammed by Russian cutbacks tied to the war in Ukraine. An association of gas pipeline operators set the level at 2.4 euro cents per kilowatt hour under legislation passed by the German parliament. The gas tax will raise money to compensate importers of Russian gas whose contracts with city utilities don't permit them to pass on the costs of surging natural gas prices. Russia has sharply cut back supplies of that costs less under long-term contracts, forcing importers to buy much more expensive gas on the spot market.
While it often makes sense to wait to claim Social Security until age 70, there's one situation when that's absolutely not the case.
Content by North Carolina Folk Festival. The annual North Carolina Folk Festival held in downtown Greensboro each September celebrates the proud heritage of folk through music, art, craft and food.
Content by Gray Legal Group. Mark V.L. Gray II is the managing attorney of Gray Legal Group, a Greensboro-based expert litigator in the personal injury arena. For those pondering a personal injury claim, Gray offers four key insights.
Content by Brand Ave. Studios. The annual Amazon Prime Day is here and will offer discounts on many of your favorite things.
Content by Brand Ave. Studios. The annual Amazon Prime Day is coming July 12 and 13, and per usual will offer discounts on many of your favorite things.
Russian news agencies reported that lawyers for American basketball star Brittney Griner have filed an appeal of her nine-year Russian prison sentence for drug possession. The case has been denounced by the United States and could lead to a high-profile prisoner swap. Griner is an eight-time all-star center with the WNBA’s Phoenix Mercury and two-time Olympic gold medalist. She was convicted Aug. 4 after police said they found vape canisters containing cannabis oil in her luggage at a Moscow airport. Griner admitted that she had the canisters in her luggage, but said she had inadvertently packed them in haste and that she had no criminal intent.
Retirees could face higher tax bills next year due to surging inflation.
As investors consider their next steps, it's important focus on long-term objectives rather than short-term price action.
We’ve all seen commencement speakers give advice to graduates as they’re about to enter the workforce. In much the same way, financial experts are in the unique position to impart money advice to the younger generation. I asked personal finance authors, columnists and podcast hosts who have figured out a thing or two about money to share the nuggets of wisdom they wish they could tell their younger selves. Among their advice? Invest in the stock market early, save as much as you can, steer clear of credit card debt and don’t worry so much about having it all figured out.
There are good reasons to move in retirement, but you need to think through the pros and cons.
Seniors could receive significantly higher payments next year.
Even retirees who get the maximum monthly Social Security of $4,194 won't be able to live on that alone.