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Finance

6 year-end tax moves to make before tax reform lands

6 year-end tax moves to make before tax reform lands

Finance
Year-end tax moves may be even more vital this year — before tax breaks and other provisions change under the pending Tax Cuts and Jobs Act.Senate Republicans pushed the latest version of their tax plan through early on Saturday. Senate and House lawmakers will now work to come up with one version of the bill, though they still have some differences to resolve.There are some moves that individuals may want to consider making before the end of the year based on the revisions that are being considered. But experts warn that any moves should be made with the latest Washington happenings in mind."Make sure you're paying attention to what the latest versions of the bills are," said Tim Steffen, director of advanced planning at Baird Private Wealth Management.Here are six areas where year-end ta
PSBs look to frame common rules to value stressed assets

PSBs look to frame common rules to value stressed assets

Finance
NEW DELHI: The finance ministry is working with state-run lenders to frame a common set of rules for valuation of stressed assets for faster resolution of loans extended by consortia of banks. A senior finance ministry official said a select group of bankers is working to arrive at common rules of valuation. “It has been observed that in cases of joint lending, banks are unable to arrive at a common valuation, which stalls the resolution process. Further, individually, banks also fear that if they agree to a certain haircut, it may not stand the scrutiny of vigilance agencies,” the official said, adding that new norms will address such concerns. The group was formed during ‘PSB Manthan,’ a two-day conclave of PSBs and has representation from all leading banks. A bank executive who is p
Tech giants will probably dominate speakers and headphones

Tech giants will probably dominate speakers and headphones

Finance
MUSIC lovers do not typically go to the opera to buy a speaker. But at the Palais Garnier in Paris they now can: Devialet, a local maker of high-end speakers, on November 29th opened a store in the 19th-century music venue to sell its most sophisticated product, called Phantom. Looking like a dinosaur egg, this supercomputer for sound (priced at $ 3,000) is considered one of the best wireless speakers available. It also comes with a dedicated streaming service for live performances, including some at the Palais Garnier.This Phantom at the opera is the latest example of how digital technology is transforming speakers, headsets and other audio devices. Once mostly tethered to hi-fi systems, they are now wireless, increasingly intelligent and capable of supporting other services. As a result,...
How to make your charitable donation dollars count

How to make your charitable donation dollars count

Finance
Americans are getting into the giving spirit. Of course, donations generally pick up as the holidays approach. About 40 percent of all donations are made in the last few weeks of the year, according to nonprofit rating site Charity Navigator.And 22 percent of American adults say they are giving more to charity in 2017 than they did last year, according to a recent Bankrate.com report. Only 12 percent said they are giving less.Altogether, charitable giving has increased year over year almost every year since 1976, Charity Navigator said. Last year, it reached a record $ 390 billion, and this year is on track to surpass even that."The pool keeps getting bigger as more and more people get involved," said Rachel Hutchisson, chair of the Giving Institute, a trade association. "Generosity is inc...
The great rotation into financials has begun — here's why it's a big deal for the market

The great rotation into financials has begun — here's why it's a big deal for the market

Finance
The financial sector's version of the NASDAQ finally climbing over its dot-com bubble high looks like it's about to happen. That's a big deal not just for bank stocks but for the market as a whole.Breakouts are great for investors who are looking for a powerful trend. And the longer it takes for a sector to bottom out — trade in no-man's-land — and finally break out, the more powerful that trend will be.Why? Because everyone who would've, could've and should've exited the sector has already done so. The sellers who were just looking to get back to even are gone.No stock market sector was hit harder than financials during the last recession. Let's recall the names of companies that are no longer around but once were iconic American institutions: Lehman Brothers, Bear Stearns, Wachovia (abso