California has wildfires, high crime rates and plenty of government regulations. All prompt complaints from residents, but in some circles, complaints about taxes loom even…
Fixed income markets expected the Federal Open Market Committee to cut interest rates on September 17. However, despite emerging conviction that a cut may be coming, bolstered by Jerome Powell’s recent Jackson Hole speech, significant…
What could slow the pell-mell stock market advance of artificial intelligence? If there is any pothole ahead, it’s the glitch factor. A host of AI-related screwups is circulating in public and social media. So far, stories about missteps haven’t derailed the AI stock market express, but there is a chance…
Higher medical costs and insurance premiums are one of the unintended, unexpected effects of the new trade and tariff policies. That’s especially true of prescription drug prices. President Trump said he is committed to reducing prices on prescription drugs. One measure he took is to direct major pharmaceutical manufacturers to…
The alternative minimum tax, or AMT, is a separate tax system that runs parallel to our regular income tax system. Currently, the AMT applies to a small number of high-income taxpayers. It’s essentially a second method for calculating taxes, aimed at closing loopholes that allow people to reduce or eliminate…
The collapse of the plastics treaty talks in Geneva was disappointing, but not surprising. Building global consensus on an issue as complex and politically charged as plastic was always going to be difficult. The more important question is: what happens to all the momentum that’s been building over the last…
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Mortgage rates fell to a 10-month low, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage fell to 6.56%…
