Under the law those reaching age 70 and a half must start taking their “required minimum distributions” (RMDs) from their various tax-deferred accounts. These include IRAs, 401Ks, profit-sharing plans, and SEPs. The trouble is that there are so many of them, and they control so many assets, that their RMDs are going to put enormous pressure on the stock market.
The success of the Las Vegas SHOT Show may herald gun industry growth to meet increasing demand for self-protection and the relaxing of concealed carry laws.
The oil-producing world has made OPEC nearly irrelevant, but the oil minister from Saudi Arabia hasn't noticed.
Trump continues to press for new American jobs, this time with the head of Alibaba, a huge online sales company.
The free market, left to its own devices, destroys as it creates. Efforts to repeal this economic law continue to fail.
Let's give Trump some credit for creating the psychological environment that billionaires need in order to make these kinds of decisions.
The Energy Independence and Security Act of 2007 required oil refiners to add ethanol to their product or buy ethanol credits. Those credits are now being traded and reaping hundreds of millions of dollars in gains for the big oil companies.
When the European Commission ruled that Apple must pay $14.5 billion to Ireland in taxes, Apple vowed to fight back because the commission is enforcing its own tax mandates, not Ireland's.
A coalition of Republican lawmakers introduced a bill in Congress that would prohibit any federal or “funny-money” funding to bail out to state, county, local, or territorial governments across the United States. If the legislation is approved, the prohibition would apply to bailouts by both the Obama administration's Treasury and the “independent” Federal Reserve System, which in recent years has conjured trillions of dollars into existence out of thin air to bail out mega-banks and other cronies in America and worldwide. Some analysts, though, are skeptical of the motives.