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☆ Won (or lost) your March Madness bets? Don’t forget to report them on your taxes
▼ + stars: | 2024-04-09 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +4 min

New York CNN —If you won big on bets you made for the March Madness men’s and women’s NCAA tournaments, enjoy the money. So if you made bets last year, here’s what you need to do on your 2023 tax return, which is due for most people on April 15. Your winnings also may be subject to state tax, unless you live in the dozen or so states that exempt gambling winnings. It will then be up to you on your tax return to square whether you owe more or less on your winnings. So say you won $1,000 in 2023 at the tables in Vegas, but you lost $1,500 betting on last year’s March Madness tournament.

Persons: ”, Mark Luscombe, Luscombe, ” Luscombe, Daniel Rahill Organizations: New, New York CNN, NCAA, American Gaming Association, IRS, Wolters Kluwer, Accounting, Wintrust Wealth Management, Illinois CPA Society Locations: New York, Vegas

☆ Wolters Kluwer to announce further 1 billion euro share buyback, CFO says
▼ + stars: | 2024-02-21 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWolters Kluwer to announce further 1 billion euro share buyback, CFO saysKevin Entricken, CFO of Wolters Kluwer, discusses the company's latest results and guidance for the year ahead.

Persons: Kevin Entricken Organizations: Wolters Kluwer

Schedule C is a tax form for self-employed people to report business income. You do so on a tax form called Schedule C.See Insider's picks for the best tax software >>Here's what to know about Schedule C and its filing requirements. What is the Schedule C tax form? Schedule C is a form that self-employed people have to file alongside their tax return, or Form 1040. Schedule C frequently asked questionsDo I have to file a Schedule C?

Persons: It's, —, Kristine Stevenson Seale, Seale, Mark Luscombe Organizations: Service, CPA, Wolters Kluwer, Accounting, NEC, IRS, Insurance Locations: Austin , Texas

☆ As oil prices rise, these global stocks are set to outperform: Bank of America
▼ + stars: | 2023-10-17 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +2 min

The ongoing conflict between Israel and Hamas has seen oil prices jump as investors consider the risk of wider geopolitical issues across the Middle East. These rising prices will benefit a number of stocks, according to Paulina Strzelinska, quant strategist at Bank of America. Outperformers when natural gas prices rise In a separate screen, Bank of America revealed its list of companies that tend to outperform when natural gas prices rise. Equinor is listed on both the Oslo Stock Exchange and Nasdaq, while Rio Tinto is listed on the London Stock Exchange and Australian Securities Exchange. Meanwhile Anglo American has a dual listing on the London Stock Exchange and Johannesburg Stock Exchange.

Persons: Paulina Strzelinska, Brent, Duncan Wanbald, — CNBC's Michael Bloom, Sam Meredith Organizations: Hamas, Bank of America, Bank, Boliden, Royce, Aegon, Galp Energia, Wolters Kluwer, London Stock Exchange, Oslo Stock Exchange, Nasdaq, Rio Tinto, Australian Securities Exchange, Johannesburg Stock Exchange, Reuters Locations: Israel, Europe, Antofagasta, Spanish, Portuguese, Dutch, Rio Tinto, Rio, American, Johannesburg

☆ Morgan Stanley says these 3 global stocks will be 'winners' in a world where data is king
▼ + stars: | 2023-10-12 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +3 min

The analysts see Relx and Wolters Kluwer benefiting from "clear opportunities" from generative artificial intelligence. Relx and Wolters Kluwer The bank raised its forecasts for Relx and Wolters Kluwer, giving both an overweight rating. Its price target for Wolters Kluwer is 142 euros ($150.59), or around 18% upside. They like Wolters Kluwer for its software business, which generates around 45% of its revenue. Morgan Stanley has a price target of £790 on the company – giving it an 8.5% upside from its Oct. 10 close.

Persons: Morgan Stanley, George Webb, Wolters, Relx, Morgan, — CNBC's Michael Bloom Organizations: Wolters Kluwer, Relx, Nasdaq, REL, Relx's, LexisNexis Locations: Europe, WKL

☆ Why Walgreens pharmacy workers are walking off the job
▼ + stars: | 2023-10-10 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

New York CNN —Retail pharmacists and technicians around the country say they’re overworked, underpaid and fed up. Pharmacy staff at Walgreens locations across the country called out of work on Monday to protest harsh working conditions, leaving some stores closed or critically understaffed. Organizers told CNN that hundreds of workers participated in the organized action, which is expected to last through Wednesday. The walkouts come just two weeks after dozens of pharmacy employees at CVS, America’s largest retail pharmacy chain, walked off the job in Kansas City. Walgreens on Monday said it understands “the immense pressures felt across the US in retail pharmacy right now,” according to Fraser Engerman, senior director of external relations at Walgreens.

Persons: ”, Michael Hogue, Shane Jerominski, Amy Thibault, Fraser Engerman, “ There’s, Dr, Peter Bonis, “ I’m, Hogue, Amanda Applegate, don’t, “, Jerry Seinfeld, that’s, CVS walkouts, “ I’ve, they’ve, we’ve Organizations: New, New York CNN, Walgreens, CNN, CVS, Employees, American Pharmacists Association, Community Pharmacists Association, Pharmacists, Walmart, Amazon, Kluwer’s, Wolters Kluwer Health, Pharmacy, Kansas Pharmacists Association, American, National Alliance of State Pharmacy Locations: New York, Kansas City, United States, “, Kansas

☆ Walgreens walkout: 5 things you need to know
▼ + stars: | 2023-10-09 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

Organizers told CNN they had heard from well over 500 interested stores (out of approximately 9,000) across the country. Another organizer told CNN that Walgreens had asked regional leaders to mobilize and staff the pharmacies on Monday. It’s an incredibly rewarding job, but it’s hard,” said Amanda Applegate, the interim executive director of the Kansas Pharmacists Association. CVS pharmacists also walked off the jobCVS recently had a walkout and talks are not over. Another meeting with Shah is planned for late this week, but no time or location has been set, a CVS walkout organizer told CNN.

Persons: they’ve, “, ”, Amanda Applegate, Peter Bonis, Michael Hogue, Prem Shah, Shah, Amy Thibault, Fraser Engerman Organizations: New, New York CNN — Pharmacy, CNN, WGA, United Auto Worker, Facebook, Walgreens, American Pharmacists Association, National Alliance of State Pharmacy, CVS, Kansas Pharmacists Association, Wolters Kluwer Health, CVS Pharmacy, Kansas City, ” Locations: New York, Kansas City, United States, Kansas

☆ BofA reveals the global stocks that tend to outperform when the U.S. dollar rises
▼ + stars: | 2023-09-29 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +1 min

The U.S. dollar index hit its highest level since March earlier this month, while its 50-day moving average is showing signs of surpassing its 200-day counterpart. European stocks to benefit Bank of America's screen captures European companies that would "tend to outperform" when the U.S. dollar index rises. They also had a "significant and positive slope from regression [against] the U.S. dollar index." "Over the past five years, Low Risk stocks, Energy and Norway have tended to outperform the most when the DXY index has been rising," she added. Elsewhere Dutch media house Wolters Kluwer , Italian energy player Tenaris and Finnish telecommunication services provider Nokia also appeared on the screen.

Persons: BofA's Paulina Strzelinska, Strzelinska, Wolters, — CNBC's Michael Bloom Organizations: U.S, Bank of America, The U.S, Bank, Energy, Bank of, Tobacco, Diageo, BP, Bayer, Roche, Wolters Kluwer, Nokia Locations: The, Europe, Norway, Novozymes, Denmark, Qiagen, Germany, Switzerland

☆ The Market Is Stuck Until the Fed Is Done
▼ + stars: | 2023-09-16 | by ( Jeff Sommer | More About Jeff Sommer | ) www.nytimes.com time to read: +2 min

But the short-term interest rates the Fed controls directly have already risen sharply since early 2022 — from near zero to a range of 5.25 to 5.5 percent now. And while a rate increase may be unlikely this month, for short-term traders, the big questions remain: Is the Fed done, and when will interest rates finally decline? An Unheralded RecordFor one thing, the interest rate environment is unusual. Short-term rates — specifically, for 3-month Treasuries — are higher than those of longer duration — particularly, for 10-year Treasuries. In financial jargon, this is a classic “inverted yield curve,” and it often predicts a recession at some point in the future.

Organizations: Blue, Economic, Wolters Kluwer, Wall, Investment

A trio of economic reports on Tuesday found the U.S. economy generally facing slowing inflation, a weakening but still challenging labor market and diminishing odds of an imminent recession. Yet inflation remains a concern for many businesses, especially smaller ones, according to the August small business optimism index from NFIB. Although the panel of economists sees the economy slowing in the quarter that begins Oct. 1, they also see a reduction in the odds of a recession. The panel forecasts a 48% chance of a recession, down from 50% a month ago and 56% in July. At the same time, the economists see the unemployment rate rising from its current 3.8% to 4.5% by next summer.

Persons: ”, Bill Dunkelberg, ” Jeffrey Roach, “, ” Roach Organizations: Federal, Adobe, Computers, Chip, Wolters Kluwer, LPL Locations: U.S

☆ Electric cars aren’t just for the wealthy anymore
▼ + stars: | 2023-07-27 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +7 min

CNN —Thanks to a combination of new models, more production and new tax laws, electric vehicles are no longer just for the wealthy. Currently the “days supply” of electric vehicles – a measure of the number units on dealer lots relative to how quickly they sell – is now twice that of new vehicles overall. The biggest bargain among electric vehicles currently, whether you lease or buy, happens to be one that’s going away soon. A Chevrolet Bolt EV sits parked at a charging station at Stewart Chevrolet on April 25, 2023 in Colma, California. For almost $10,000 less, in terms of sticker price, Hyundai offers the soon-to-be redesigned Kona Electric.

Persons: Kia, Erik Pendzich, it’s, Mark Luxcombe, Wolters, “ There’s, ” Luxcombe, Brian Moody, Moody, ”, Stewart, Justin Sullivan, Kia EV6, Josh Lefkowitz, Tony Quiroga, Bing Guan, Quiroga, Chevrolet Bolt Organizations: CNN, General Motors, Ford, Hyundai, Kia, Volkswagen, GT, New York, Wolters Kluwer, Cox Automotive, Chevrolet Bolt, Stewart Chevrolet, GM, Angeles, Kona, EV, Chevrolet Locations: America, Colma , California, Los Angeles , California

☆ Wolters Kluwer CEO: Share buyback of 1 billion euros planned for 2023
▼ + stars: | 2023-02-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWolters Kluwer CEO: Share buyback of 1 billion euros planned for 2023Nancy McKinstry, CEO at Wolters Kluwer, discusses the company's full-year results, her outlook for growth in 2023, and the resilience of the U.S. consumer.

☆ These states are raising their minimum wages in 2023. Chart shows where workers can expect higher pay
▼ + stars: | 2023-01-01 | by ( Lorie Konish | ) www.cnbc.com time to read: +3 min

Meanwhile, 23 states and Washington, D.C., according to the Economic Policy Institute, will implement higher minimum wages on Jan. 1. States that are not seeing minimum wage hikes in 2023 still tie their base pay to the $7.25 per hour federal rate. Workers who depend on the minimum wage are also much more likely to be people of color and living in poverty. Raising minimum wages can also help increase consumer demand and put money back into local economies, said Holly Sklar, CEO of Business for a Fair Minimum Wage, a national network of business organizations, owners and executives that support higher minimum wages. "Putting needed raises in minimum wage workers' pockets [is] really the most efficient way you can boost the economy," Sklar said.

☆ 8 states and D.C. will make sure wages go up when inflation does—see where pay is rising
▼ + stars: | 2022-11-11 | by ( Kamaron Mcnair | ) www.cnbc.com time to read: +4 min

If the measure was applicable for a January 2024 increase, the minimum wage would go up about 8%, for example. So despite record-high inflation sitting well above 5% this year, those earning minimum wage in Vermont won't see fully corresponding raises. If tips do not bring worker's wages to the full minimum wage, businesses are required to pay out the gap. The federal minimum wage remains unchanged at $7.25 since 2009, though President Biden did give a boost to federal employees earlier in his presidency, raising their minimum wage to $15. Don't miss: Minimum wage workers in New York City need to clock over 100 hours a week to afford rent

Adjusted earnings per share came in at 57 cents, 7 cents ahead of estimates. Thomson Reuters' peers include RELX Group’s (REL.L) LexisNexis, Bloomberg LP, News Corp's (NWSA.O) DowJones, and Wolters Kluwer (WLSNc.AS). Thomson Reuters holds a minority stake in the LSE, worth about $6.3 billion as of Friday. Thomson Reuters will be "quite a bit more aggressive in the next few quarters in looking at acquisitions," he said. Reporting by Ken Li and Nick Zieminski in New York Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.

The Toronto-based company recorded $1.57 billion in sales during the quarter, up 3%, slightly below expectations of $1.59 billion. Adjusted earnings per share came in at 57 cents, 7 cents ahead of analyst estimates. But it noted that 2023 margins were trending towards the lower end of the 39%-40% range amid heightened inflation and investments. Thomson Reuters' peers include RELX Group’s (REL.L) LexisNexis, Bloomberg LP, News Corp's (NWSA.O) DowJones and Wolters Kluwer (WLSNc.AS). Reporting by Ken Li and Nick Zieminski in New York Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.

☆ A recession looks increasingly likely. But Goldman Sachs says these stocks could beat the gloom
▼ + stars: | 2022-10-21 | by ( Zavier Ong | ) www.cnbc.com time to read: +5 min

Central banks are relentlessly hiking interest rates to rein in inflation — even at the expense of economic growth — prompting fears of a recession. "Concerns on sticky inflation and a tight labor market have focused investor attention on implications for rising rates and recession risk. Those stocks have high and expanding cash return on capital invested and return on equity, according to the bank. BlackRock says that's now an 'obsolete' strategy Investors keen to add growth names to their portfolio could also look to Goldman's list of high growth stocks. The bank also identified high growth names that are trading at an attractive valuation, including Watches of Switzerland and Standard Chartered .

☆ New IRS rules mean your paycheck could be bigger next year
▼ + stars: | 2022-10-19 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +3 min

Here are some of the big changes the IRS is making:Income tax bracketsThere are seven different federal income tax rates at which earned income is taxed: 10%, 12%, 22%, 24%, 32%, 35% and 37%. The IRS inflation adjustments amount to a roughly 7% increase in each bracket. The standard deduction is the dollar amount that those who don’t itemize deductions can subtract from their adjustable gross income before federal income tax is applied. That money is deductible so it will reduce the amount of tax taken out of your paycheck. Earned Income Tax CreditThe Earned Income Tax Credit (EITC) enables low-income workers to keep more of their paycheck.

☆ Lose big on crypto? Here’s how to reduce the sting
▼ + stars: | 2022-08-17 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +4 min

You’d have a long-term capital loss of $26,000, because you held the investment for at least a year. You can fully offset the tax owed on your $10,000 capital gain with $10,000 of your capital losses on your 2022 tax return. Here’s why: For tax purposes, crypto assets are classified as property, not securities. Lawmakers have already proposed expanding the wash-sale rule to cover crypto and other assets in proposed legislation. “This rule may be changing in the future, but for 2022, crypto assets are not subject to the wash-sale rules,” Pon said.

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