Tuesday, February 7, 2023
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The fight for Trump’s tax returns is over, but it could rev up the fight over IRS funding and a report says top 1% was the only group to see real wage gains from 2020 to 2021

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The fight for Trump’s tax returns is over, but it could rev up the fight over IRS funding

A Ways and Means Committee report said the IRS mandatory audit program was ‘dormant’ Read More

Homebuyers are using all-cash offers to get around high mortgage rates — here are the cities where cash is becoming more common

All-cash offers hit their highest level since 2014 in October, according to a Redfin report. Read More

Top 1% was the only group to see real wage gains from 2020 to 2021, report says

‘The highest earners have amassed a growing share of total wages, while the bottom 90% has continued to fall further behind,’ an economist said. Read More

U.S. existing-home sales fall for the 10th straight month in November — longest losing streak on record

Existing-home sales fell to 4.09 million in November, the National Association of Realtors said Read More

Demand for mortgages inches up amid slow season for home buying

Mortgage applications rose 0.9% in the latest week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage is 6.34%. Read More

No love for meme stocks — stock-trading kids are loading up on Apple and index funds

In joint accounts with parents, kids younger than 18 are learning to play the stock market, mostly for the better. Read More

Need a rainy day savings fund? Your boss might set one up for you thanks to Congress’ year-end spending deal

Americans’ savings rates have dwindled, but a provision of the ‘Secure Act 2.0’ could help workers establish cash savings funds. Read More

There’s still time to make these smart tax moves before the end of the year—your future self will thank you

With the holidays, taxes might be the last thing on your mind. But a little bit of preparation now could make a big difference come April. Read More

Credit: marketwatch.com

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