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November 26, 2020


U.S. consumer spending rises; income falls in October

FILE PHOTO: Servers package food at a table at a pop up restaurant set up in Times Square for ‘Taste of Times Square Week’ during the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., October 23, 2020. REUTERS/Carlo Allegri WASHINGTON (Reuters) – U.S.......

Disney said Covid-related costs shaved $2.4 billion from parks’ operating income in latest quarter

CNBC – For more and to sign up click here Views of the Disneyland theme park, still closed due to COVID-19 on July 11, 2020 in Anaheim, California. AaronP/Bauer-Griffin | GC Images | Getty Images While the majority of Disney‘s theme parks were open during the company’s fiscal fourth quarter,......

Illinois House Speaker doesn’t have political capital for income tax increase, GOP lawmaker says

USA TODAY – For more and to sign up click here Illinois Gov. J.B. Pritzker and the Democrat-controlled state legislature have yet to detail their plan to address the state’s $6 billion budget hole after the failure of the progressive income tax amendment and lack of action from Congress to......

GM net income totals $4 billion in the third quarter

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Detroit News – For more and to sign up click here Detroit — General Motors Co. booked profits of $4 billion in the third quarter on strong sales of crossovers, pickup and SUVs, the automaker said Thursday, the first quarter when production went uninterrupted by the coronavirus pandemic. Net income increased 74% from last......

How to snare more income from your investments in a time of low Treasury yields

CNBC – For more and to sign up click here Luis Alvarez | DigitalVision | Getty Images Generating income through safe investments like U.S. Treasurys was once was an easy move. Now, not so much. With yields on those government-issued bonds near zero, investors may need to add some risk......

Wells Fargo earnings fall short of estimates as low rates hit interest income

CNBC – For more and to sign up click here A person wears a protective face mask next to Wells Fargo ATMs in Harlem as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on August 25, 2020 in New York City. Noam......

Biden defines $400,000 a year as ‘wealthy,’ but that income only makes you upper-middle class in big cities

CNBC – For more and to sign up click here Democratic presidential candidate Joe Biden says his tax hikes would only effect the wealthy — defining “wealthy” as those who make more than $400,000 a year. But according to a financial planning analysis, families making $400,000 a year aren’t exactly......

Trump paid little to no federal income taxes over several years as he piled up losses and debt, NYT reports

CNBC – For more and to sign up click here U.S. President Donald Trump speaks during a campaign rally at Cecil Airport in Jacksonville, Florida, U.S., September 24, 2020. Tom Brenner | Reuters President Donald Trump’s businesses have hemorrhaged hundreds of millions of dollars over the last two decades, allowing......

How this couple retired in their 30s with $1.3 million on a starting income of around $90,000

CNBC – For more and to sign up click here How to retire early using the 4% rule SEARCH QUOTES Source – Click here for more To Return to the Main Aggregate News Page – click here...

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