Spain’s about to hold a general election: Here’s what you need to know

The party has been overseeing a minority government with just 84 seats in the 350-member Congress of Deputies, Spain’s lower house of parliament. In this election, it could gain as many as 54 seats — but that would still fall short of the 176 seats a party needs to gain a majority. Opinion polls have consistently showed that the PSOE leads by a wide margin and is seen with between 28 to 31% of the votes. The Vox party is seen getting around 9-11% of the vote. “People are really scared of the ris


The party has been overseeing a minority government with just 84 seats in the 350-member Congress of Deputies, Spain’s lower house of parliament. In this election, it could gain as many as 54 seats — but that would still fall short of the 176 seats a party needs to gain a majority. Opinion polls have consistently showed that the PSOE leads by a wide margin and is seen with between 28 to 31% of the votes. The Vox party is seen getting around 9-11% of the vote. “People are really scared of the ris
Spain’s about to hold a general election: Here’s what you need to know Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: holly ellyatt, jose jordan, afp, getty images, david ramos, getty images news
Keywords: news, cnbc, companies, hold, election, party, gain, vote, consistently, polls, socialists, psoe, seen, heres, seats, need, general, know, spains, voters


Spain's about to hold a general election: Here's what you need to know

Opinion polls in recent weeks have consistently signaled that Sanchez’s socialists could win the largest share of the vote — but not enough for the party to govern alone.

The party has been overseeing a minority government with just 84 seats in the 350-member Congress of Deputies, Spain’s lower house of parliament. In this election, it could gain as many as 54 seats — but that would still fall short of the 176 seats a party needs to gain a majority.

Opinion polls have consistently showed that the PSOE leads by a wide margin and is seen with between 28 to 31% of the votes. The PP is trailing with around 20-24% of the vote. Ciudadanos is seen with around 15% and Podemos with around 12-13%. The Vox party is seen getting around 9-11% of the vote.

A large number of voters (25-30%) remain undecided as to who to vote for, and this could have a significant impact on the final result.

Speculation is already mounting over what alliances PSOE could seek to enable it to form a government. Anna Rosenberg, partner and head of Europe and U.K. at Signum Global Advisors, told CNBC that the socialists were benefiting from the fragmentation on the right.

“People are really scared of the rise of the right-wing parties and that will mobilize voters that might not have been expected to vote before. Sanchez has also actually done quite well and doesn’t represent the status quo,” she said.


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: holly ellyatt, jose jordan, afp, getty images, david ramos, getty images news
Keywords: news, cnbc, companies, hold, election, party, gain, vote, consistently, polls, socialists, psoe, seen, heres, seats, need, general, know, spains, voters


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Job market bounces back in March with 196,000 gain in payrolls

Six experts on what March’s strong job numbers mean for the US economy 1 Hour Ago | 05:11Job creation posted a solid rebound in March, with nonfarm payrolls expanding by 196,000 and the unemployment rate holding steady at 3.8%, the Bureau of Labor Statistics reported Friday. The unemployment rate met expectations. “Of course, last month’s nosedive was disappointing, especially after December and January had such impressive numbers despite some sizable headwinds. Wage gains fell off the recent st


Six experts on what March’s strong job numbers mean for the US economy 1 Hour Ago | 05:11Job creation posted a solid rebound in March, with nonfarm payrolls expanding by 196,000 and the unemployment rate holding steady at 3.8%, the Bureau of Labor Statistics reported Friday. The unemployment rate met expectations. “Of course, last month’s nosedive was disappointing, especially after December and January had such impressive numbers despite some sizable headwinds. Wage gains fell off the recent st
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Company: cnbc, Activity: cnbc, Date: 2019-04-05  Authors: jeff cox
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Job market bounces back in March with 196,000 gain in payrolls

Six experts on what March’s strong job numbers mean for the US economy 1 Hour Ago | 05:11

Job creation posted a solid rebound in March, with nonfarm payrolls expanding by 196,000 and the unemployment rate holding steady at 3.8%, the Bureau of Labor Statistics reported Friday.

That was better than the 175,000 Dow Jones estimate and comes after a dismal February that had economists wondering whether the decade-old economic expansion was nearing an end. The unemployment rate met expectations.

“With a strong March employment report now in the books, we’ve gotten some reassurance that the labor market is still strong,” said Steve Rick, chief economist at CUNA Mutual Group. “Of course, last month’s nosedive was disappointing, especially after December and January had such impressive numbers despite some sizable headwinds. But a good March report shows that February was more of an outlier than a canary in the coal mine.”

Wage gains fell off the recent strong pace, increasing just 0.14% for the month and 3.2% year over year, below expectations of the 3.4% pace from last month. The average work week increased by 0.1 hour to 34.5 hours.

A broader gauge of unemployment that also counts discouraged workers and those holding part-time jobs for economic reasons also was unchanged at 7.3%. The measure, known as the “real unemployment rate” is down from 7.9% a year ago.


Company: cnbc, Activity: cnbc, Date: 2019-04-05  Authors: jeff cox
Keywords: news, cnbc, companies, unemployment, job, gain, report, labor, hour, 196000, rate, market, numbers, payrolls, bounces, month, holding, pace, strong


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Ford sales fall 1.6% due to unpopular cars, but truck, vans and SUVs gain

Ford’s first-quarter sales fell 1.6% from a year earlier, but sales of trucks, vans and sport utility vehicles grew, the company said Thursday. Ford brand SUV sales set a first-quarter record. That rang true for Ford, which saw demand for its more expensive trucks and SUVs tick up during the quarter. Sales of Ford’s pickup trucks, vans and SUVs, including Lincoln SUVs, made up 83 percent of the company’s total vehicle sales during the quarter. Ford truck and SUV sales rose 4% and 3.5%, respectiv


Ford’s first-quarter sales fell 1.6% from a year earlier, but sales of trucks, vans and sport utility vehicles grew, the company said Thursday. Ford brand SUV sales set a first-quarter record. That rang true for Ford, which saw demand for its more expensive trucks and SUVs tick up during the quarter. Sales of Ford’s pickup trucks, vans and SUVs, including Lincoln SUVs, made up 83 percent of the company’s total vehicle sales during the quarter. Ford truck and SUV sales rose 4% and 3.5%, respectiv
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Company: cnbc, Activity: cnbc, Date: 2019-04-04  Authors: robert ferris, dawn kopecki, tim boyle, getty images
Keywords: news, cnbc, companies, unpopular, ford, sales, suvs, 16, cars, fall, truck, vehicles, vans, gain, quarter, trucks, lincoln, suv, fords


Ford sales fall 1.6% due to unpopular cars, but truck, vans and SUVs gain

Ford’s first-quarter sales fell 1.6% from a year earlier, but sales of trucks, vans and sport utility vehicles grew, the company said Thursday.

A 24.1% decline in sales of ever less-popular passenger cars dragged down what was otherwise a positive quarter for the nation’s second-largest automaker.

Ford’s premium Lincoln brand grew sales 11.2%, making it Lincoln’s best first quarter in ten years. Ford brand SUV sales set a first-quarter record.

It’s more evidence that vehicle sales in the world’s second-largest auto market are sliding from the record levels they had achieved in the years following the financial crisis.

U.S. retail auto sales, which exclude sales to rental car companies and other commercial businesses, are expected to drop by about 5 percent during the first quarter, according to J.D. Power and LMC Automotive.

While sales volumes are softening, especially for cheaper cars, customers are still paying remarkably high prices for cars, said Thomas King, senior vice president of J.D. Power’s data and analytics division. Prices are hitting monthly records while overall retail sales of vehicles that cost under $25,000 are expected to fall 12 percent in the U.S. in the quarter, more than double the overall decline.

That rang true for Ford, which saw demand for its more expensive trucks and SUVs tick up during the quarter. Sales of Ford’s pickup trucks, vans and SUVs, including Lincoln SUVs, made up 83 percent of the company’s total vehicle sales during the quarter.

Pickups alone, led by its popular F-150 line, accounted for almost half of Ford’s total volume with the average sales price of $47,454, the company said.

“Customers continue to choose high series and the latest technologies,” Ford said.

Ford truck and SUV sales rose 4% and 3.5%, respectively, while Lincoln SUV sales jumped by 23.2 percent.


Company: cnbc, Activity: cnbc, Date: 2019-04-04  Authors: robert ferris, dawn kopecki, tim boyle, getty images
Keywords: news, cnbc, companies, unpopular, ford, sales, suvs, 16, cars, fall, truck, vehicles, vans, gain, quarter, trucks, lincoln, suv, fords


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Deutsche picks this video game maker as its top buy idea, sees 60% gain

Deutsche Bank named Japanese video game maker Nintendo its top pick, saying its valuation is “compelling.” “We are recommending Nintendo as our top Buy idea within our coverage universe. We believe the Buy Nintendo thesis is now an out-of-consensus call on the stock,” the bank’s analyst Han Joon Kim said in a note on Wednesday.


Deutsche Bank named Japanese video game maker Nintendo its top pick, saying its valuation is “compelling.” “We are recommending Nintendo as our top Buy idea within our coverage universe. We believe the Buy Nintendo thesis is now an out-of-consensus call on the stock,” the bank’s analyst Han Joon Kim said in a note on Wednesday.
Deutsche picks this video game maker as its top buy idea, sees 60% gain Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-27  Authors: yun li, drew angerer, getty images, david paul morris, bloomberg, patrick t fallon, tom strickland, scott mlyn, chip chipman, victor j blue
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Deutsche picks this video game maker as its top buy idea, sees 60% gain

Deutsche Bank named Japanese video game maker Nintendo its top pick, saying its valuation is “compelling.”

“We are recommending Nintendo as our top Buy idea within our coverage universe. We believe the Buy Nintendo thesis is now an out-of-consensus call on the stock,” the bank’s analyst Han Joon Kim said in a note on Wednesday.


Company: cnbc, Activity: cnbc, Date: 2019-03-27  Authors: yun li, drew angerer, getty images, david paul morris, bloomberg, patrick t fallon, tom strickland, scott mlyn, chip chipman, victor j blue
Keywords: news, cnbc, companies, maker, universe, picks, stock, recommending, buy, gain, sees, 60, deutsche, valuation, thesis, saying, game, video, nintendo, idea, pick


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Deutsche picks this video game maker as its top buy idea, sees 60% gain

Deutsche Bank named Japanese video game maker Nintendo its top pick, saying its valuation is “compelling.” “We are recommending Nintendo as our top Buy idea within our coverage universe. We believe the Buy Nintendo thesis is now an out-of-consensus call on the stock,” the bank’s analyst Han Joon Kim said in a note on Wednesday.


Deutsche Bank named Japanese video game maker Nintendo its top pick, saying its valuation is “compelling.” “We are recommending Nintendo as our top Buy idea within our coverage universe. We believe the Buy Nintendo thesis is now an out-of-consensus call on the stock,” the bank’s analyst Han Joon Kim said in a note on Wednesday.
Deutsche picks this video game maker as its top buy idea, sees 60% gain Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-27  Authors: yun li, drew angerer, getty images, david paul morris, bloomberg, patrick t fallon, tom strickland, scott mlyn, chip chipman, victor j blue
Keywords: news, cnbc, companies, maker, universe, picks, stock, recommending, buy, gain, sees, 60, deutsche, valuation, thesis, saying, game, video, nintendo, idea, pick


Deutsche picks this video game maker as its top buy idea, sees 60% gain

Deutsche Bank named Japanese video game maker Nintendo its top pick, saying its valuation is “compelling.”

“We are recommending Nintendo as our top Buy idea within our coverage universe. We believe the Buy Nintendo thesis is now an out-of-consensus call on the stock,” the bank’s analyst Han Joon Kim said in a note on Wednesday.


Company: cnbc, Activity: cnbc, Date: 2019-03-27  Authors: yun li, drew angerer, getty images, david paul morris, bloomberg, patrick t fallon, tom strickland, scott mlyn, chip chipman, victor j blue
Keywords: news, cnbc, companies, maker, universe, picks, stock, recommending, buy, gain, sees, 60, deutsche, valuation, thesis, saying, game, video, nintendo, idea, pick


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Dow futures point to gain of 200 points as drop in bond yields stabilizes

U.S. stock index futures were higher Tuesday as a decline in Treasury yields stabilized after a sharp fall recently. ET, Dow Jones Industrial Average futures indicated a gain of 201 points at the open. The benchmark 10-year U.S. yield traded at 2.45 percent a day after reaching its lowest level since December 2017. The decline in the 10-year rate caused a so-called yield-curve inversion as the 3-month Treasury bill rate moved above the benchmark rate. Consumer confidence numbers are also set for


U.S. stock index futures were higher Tuesday as a decline in Treasury yields stabilized after a sharp fall recently. ET, Dow Jones Industrial Average futures indicated a gain of 201 points at the open. The benchmark 10-year U.S. yield traded at 2.45 percent a day after reaching its lowest level since December 2017. The decline in the 10-year rate caused a so-called yield-curve inversion as the 3-month Treasury bill rate moved above the benchmark rate. Consumer confidence numbers are also set for
Dow futures point to gain of 200 points as drop in bond yields stabilizes Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-26  Authors: fred imbert, silvia amaro
Keywords: news, cnbc, companies, yields, bond, trump, stock, yieldcurve, release, dow, gain, 200, rate, investors, yield, treasury, stabilizes, futures, points, drop, point, street


Dow futures point to gain of 200 points as drop in bond yields stabilizes

U.S. stock index futures were higher Tuesday as a decline in Treasury yields stabilized after a sharp fall recently.

At around 8:05 a.m. ET, Dow Jones Industrial Average futures indicated a gain of 201 points at the open. Futures on the S&P 500 and Nasdaq 100 also rose.

The benchmark 10-year U.S. yield traded at 2.45 percent a day after reaching its lowest level since December 2017. The decline in the 10-year rate caused a so-called yield-curve inversion as the 3-month Treasury bill rate moved above the benchmark rate. Investors see a yield-curve inversion as a signal that a recession may be on the horizon, so a rise in long-term rates is being viewed as a positive right now.

The yield curve inverted amid the release of weak economic data from the U.S. and around the world as well as a downgraded U.S. economic outlook from the Federal Reserve.

Later on Tuesday, a slew of U.S. data is scheduled for release. Durable goods orders and the Philadelphia Fed nonmanufacturing index are both due out at 8:30 a.m. ET. Consumer confidence numbers are also set for release at 10 a.m.

Wall Street closed Monday with small gains. News that the special counsel Robert Mueller did not find evidence that President Donald Trump colluded with Russia in the 2016 presidential race bolstered the markets by removing some uncertainty. Investors were also hopeful that with the Mueller investigation out of the way, Trump will turn his attention to cementing trade deals. Overall, however, concerns regarding the global economy capped market gains.

Shares of Bed Bath & Beyond skyrocketed more than 20 percent in the premarket after The Wall Street Journal reported three activist investors are trying to replace the company’s entire board of directors. The stock was on pace to post its biggest one-day since 2009.


Company: cnbc, Activity: cnbc, Date: 2019-03-26  Authors: fred imbert, silvia amaro
Keywords: news, cnbc, companies, yields, bond, trump, stock, yieldcurve, release, dow, gain, 200, rate, investors, yield, treasury, stabilizes, futures, points, drop, point, street


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BlackRock: Investors are set to gain as China reworks its equity markets

Investors are set to gain as China is pushing for new ways that private sector money can fund its domestic companies, according to Helen Zhu, head of Chinese equities at BlackRock. That’s a condition many Chinese technology companies, like other high-growth firms, cannot meet at an early stage in their development. According to Refinitiv data, only one-third of the $64.2 billion raised globally last year through IPOs by Chinese companies came from Shanghai or Shenzhen. Zhu predicted that the ref


Investors are set to gain as China is pushing for new ways that private sector money can fund its domestic companies, according to Helen Zhu, head of Chinese equities at BlackRock. That’s a condition many Chinese technology companies, like other high-growth firms, cannot meet at an early stage in their development. According to Refinitiv data, only one-third of the $64.2 billion raised globally last year through IPOs by Chinese companies came from Shanghai or Shenzhen. Zhu predicted that the ref
BlackRock: Investors are set to gain as China reworks its equity markets Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-20  Authors: lena loke
Keywords: news, cnbc, companies, market, set, companies, stock, chinese, zhu, board, investors, reworks, public, gain, blackrock, markets, think, really, china, equity


BlackRock: Investors are set to gain as China reworks its equity markets

Investors are set to gain as China is pushing for new ways that private sector money can fund its domestic companies, according to Helen Zhu, head of Chinese equities at BlackRock.

Her analysis comes amid Beijing’s plans to introduce a new stock board for start-ups in Shanghai, which is being billed as a pilot program to test more market-oriented measures before rolling them out in China’s other stock exchanges. The new science and technology innovation board was announced by President Xi Jinping in November and is expected to be launched by June.

“It’s really opening the door to a very new and promising financing channel over the medium to longer term. And I think people will read that positively,” Zhu said on CNBC’s “Squawk Box” on Friday. “I think the asset prices will respond accordingly as well.”

The new high-tech board is meant to ensure that companies that are not yet profitable but are in “high growth areas” start to have access to the equity financing they otherwise could not tap.

The new tech board and the adoption of a registration-based initial public offering system will prevent officials from intervening in the timing of the listings, and allow pre-profit companies to go public. Many large Chinese start-ups have turned to foreign stock exchanges for capital funding due to strict requirements for initial public offerings in mainland China that say companies must be profitable before listing. That’s a condition many Chinese technology companies, like other high-growth firms, cannot meet at an early stage in their development.

As a result, Chinese names such as Alibaba and Tencent held offerings in New York and Hong Kong, respectively. Many Chinese start-ups have also chosen to list overseas in order to boost their brand credibility, and raise capital outside of Beijing’s control.

According to Refinitiv data, only one-third of the $64.2 billion raised globally last year through IPOs by Chinese companies came from Shanghai or Shenzhen.

The new government initiatives are widely seen as an attempt at persuading such companies to list at home instead of abroad. An effort last year to develop a domestically traded share class called China Depositary Receipts did not take off. As of 2018, China has more than 186 companies that are valued at at least $1 billion — so-called unicorns. They have a combined value of more than $736 billion, according to a report released earlier this year.

Zhu predicted that the reforms to China’s equity markets will continue to be cheered by investors.

“We do still see the economy kind of decelerating but we have seen the policies really inflect. That’s why markets have been quite buoyant today, kind of pricing in the expectation that the policies are going to have a substantial impact and therefore, really kind of get us back on track in the second half of this year,” she said.

“On a structural reform front, I think that’s very important, as well, because it really bolsters confidence. It makes people feel more optimistic about investing in fundamental businesses, as well as in public market and traded assets,” Zhu added.

The BlackRock expert said there was “a lot of concern” last year in the market that private enterprises were being pressured by a “lack of access to funding” and the practice of stock pledges — when companies pledge some shares as collateral for a loan.

“All of these things (resulted in a) vicious feedback loop of market panic, share prices going down, and therefore inability to get new financing on a debt or equity side,” she said. “This year, I think the capital market innovation, the support in terms of liquidity … it’s already starting to have a positive, stabilizing effect on corporates and on broader sentiment.”

The Shanghai composite is up more than 20 percent for the year so far.


Company: cnbc, Activity: cnbc, Date: 2019-03-20  Authors: lena loke
Keywords: news, cnbc, companies, market, set, companies, stock, chinese, zhu, board, investors, reworks, public, gain, blackrock, markets, think, really, china, equity


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Credit Suisse raises S&P 500 forecast, sees 20% gain for 2019

The market has staged a strong comeback with the S&P 500 up 20 percent from its Christmas Eve low when it dipped into a bear market on an intraday basis. Many have credited the massive sell-off to fears of a too-aggressive Federal Reserve and a possible recession. The average S&P 500 target from the 17 top Wall Street analysts is 2,947, a CNBC analysis shows. Credit Suisse actually lowered its 2019 earnings estimates for S&P 500 companies to $170 from $174 despite raising its stock price outlook


The market has staged a strong comeback with the S&P 500 up 20 percent from its Christmas Eve low when it dipped into a bear market on an intraday basis. Many have credited the massive sell-off to fears of a too-aggressive Federal Reserve and a possible recession. The average S&P 500 target from the 17 top Wall Street analysts is 2,947, a CNBC analysis shows. Credit Suisse actually lowered its 2019 earnings estimates for S&P 500 companies to $170 from $174 despite raising its stock price outlook
Credit Suisse raises S&P 500 forecast, sees 20% gain for 2019 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-18  Authors: yun li
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Credit Suisse raises S&P 500 forecast, sees 20% gain for 2019

Why Credit Suisse is positive on government bonds 12:45 AM ET Fri, 15 March 2019 | 02:19

That is because all the market risks that tanked stocks in December are now “receding,” according to Credit Suisse’s chief U.S. equity strategist, Jonathan Golub.

“Investors might be pleased with the market’s recent performance, but it’s unlikely they find the underlying dynamics—a more favorable risk backdrop, with decelerating economic and earnings growth—particularly inspiring,” Golub said.

“More specifically, less hawkish comments from the Fed, declining inflation and recession fears, and the potential for a resolution to China trade issues are the primary forces driving volatility and spreads lower, and stocks higher,” he added.

The market has staged a strong comeback with the S&P 500 up 20 percent from its Christmas Eve low when it dipped into a bear market on an intraday basis. Many have credited the massive sell-off to fears of a too-aggressive Federal Reserve and a possible recession. Now with the central bank signaling a “patient” approach to tightening and better-than-expected economic data, the rally may have more room to run.

The average S&P 500 target from the 17 top Wall Street analysts is 2,947, a CNBC analysis shows.

Credit Suisse actually lowered its 2019 earnings estimates for S&P 500 companies to $170 from $174 despite raising its stock price outlook. The firm says the reduced estimates are due to lower oil prices and large tech companies’ worsening outlooks.


Company: cnbc, Activity: cnbc, Date: 2019-03-18  Authors: yun li
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Here are 5 last-minute tax moves you can still make before you file

Most of the last-minute opportunities to reduce your tax liabilities for 2018 have come and gone. The bulk of the things you could do reduce your tax bill for last year expired on Dec. 31. Some have been available to taxpayers for years, while others are a result of the Tax Cuts and Jobs Act passed last year. If you are in a 401(k) plan at work, you can still deduct IRA contributions to the full $5,500 limit if you’re adjusted gross income is less than $63,000. The longer the holding period, the


Most of the last-minute opportunities to reduce your tax liabilities for 2018 have come and gone. The bulk of the things you could do reduce your tax bill for last year expired on Dec. 31. Some have been available to taxpayers for years, while others are a result of the Tax Cuts and Jobs Act passed last year. If you are in a 401(k) plan at work, you can still deduct IRA contributions to the full $5,500 limit if you’re adjusted gross income is less than $63,000. The longer the holding period, the
Here are 5 last-minute tax moves you can still make before you file Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-05  Authors: andrew osterland, ericsphotography, getty images, davidf, -amy wang, senior manager of tax policy, advocacy, american institute of cpas
Keywords: news, cnbc, companies, tax, ira, taxes, moves, gains, income, taxpayers, file, contributions, deduct, lastminute, gain, reduce


Here are 5 last-minute tax moves you can still make before you file

Most of the last-minute opportunities to reduce your tax liabilities for 2018 have come and gone.

You can’t deduct charitable contributions you make in 2019 from last year’s income, nor can you deduct expenses against last year’s income for medical procedures you get now. You can’t give 2018 tax-free gifts to your heirs today or harvest losses on investments tomorrow to offset gains realized last year.

The bulk of the things you could do reduce your tax bill for last year expired on Dec. 31. But not all of them. There are still a number of steps taxpayers can take to help reduce the bite on April 15. Some have been available to taxpayers for years, while others are a result of the Tax Cuts and Jobs Act passed last year.

Here are five things to consider before filing your return this year.

1. Individual retirement account contributions.

Taxpayers can still make tax-deductible contributions to an IRA. Unlike 401(k) contributions that have to be made before year-end, taxpayers have until April 15 to contribute to their IRAs and still deduct them from 2018 income.

“It’s one easy thing you can still do now to reduce your taxable income for last year,” said Amy Wang, a senior manager of tax policy and advocacy for the American Institute of CPAs.

More from Smart Tax Planning:

Fix this IRA mistake now or face a 50 percent penalty

Most families have no clue how tax changes impact them

Wave goodbye to these 6 tax breaks for 2018

If you don’t participate in a workplace retirement plan, you can deduct up to $5,500 in IRA contributions and can add in another $1,000 “catch-up” contribution if you’re over age 50. If you are in a 401(k) plan at work, you can still deduct IRA contributions to the full $5,500 limit if you’re adjusted gross income is less than $63,000. The deduction phases out for taxpayers with income between $63,000 and $73,000 and disappears over that income level.

2. Getting “in the zones.”

One of the key job-creating incentives in the Tax Cuts and Jobs Act is the creation of more than 8,700 low-income “opportunity zones” across the country. Individuals or companies that invest in these zones through qualified funds can defer or avoid taxes on capital gains they’ve made elsewhere.

For example, if you sell a $100,000 portfolio of stocks that has produced $50,000 in capital gains, you would owe as much as $10,000 in taxes on the gain depending on your level of income. However, if investors roll the gain into a qualified opportunity fund, they can defer the taxes due until 2026 or until they sell the new investment.

They can also reduce the taxable gain if they hold the investment for at least five years. The longer the holding period, the greater the reduction of the gain subject to tax.


Company: cnbc, Activity: cnbc, Date: 2019-03-05  Authors: andrew osterland, ericsphotography, getty images, davidf, -amy wang, senior manager of tax policy, advocacy, american institute of cpas
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Fourth-quarter GDP increases 2.6%, better than expected

U.S. economic growth was better than expected as 2018 came to a close, with GDP rising 2.6 percent, according to a first estimate the Commerce Department released Thursday. Economists surveyed by Dow Jones expected a gain of 2.2 percent after a 3.4 percent rise in the third quarter. Growth was helped by a 2.8 percent rise in consumer spending along with increased nonresidential fixed investment, exports, private inventory investment, and federal government spending. The gross private domestic in


U.S. economic growth was better than expected as 2018 came to a close, with GDP rising 2.6 percent, according to a first estimate the Commerce Department released Thursday. Economists surveyed by Dow Jones expected a gain of 2.2 percent after a 3.4 percent rise in the third quarter. Growth was helped by a 2.8 percent rise in consumer spending along with increased nonresidential fixed investment, exports, private inventory investment, and federal government spending. The gross private domestic in
Fourth-quarter GDP increases 2.6%, better than expected Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-28  Authors: jeff cox, adam jeffery
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Fourth-quarter GDP increases 2.6%, better than expected

U.S. economic growth was better than expected as 2018 came to a close, with GDP rising 2.6 percent, according to a first estimate the Commerce Department released Thursday.

Economists surveyed by Dow Jones expected a gain of 2.2 percent after a 3.4 percent rise in the third quarter. The growth came amid a bevy of uncertainty and a time when the stock market briefly slid into bear market territory.

Growth was helped by a 2.8 percent rise in consumer spending along with increased nonresidential fixed investment, exports, private inventory investment, and federal government spending. Weakness in residential fixed investment, which fell 3.5 percent, and state and local government spending served as a drag. The gross private domestic investment gain slowed to 4.6 percent in the quarter after a robust 15.2 percent rise in the previous period.

Exports rose 1.6 percent in the quarter, reversing a 4.9 percent decline in the previous quarter, while imports increased by 2.7 percent, making trade a slight net negative.


Company: cnbc, Activity: cnbc, Date: 2019-02-28  Authors: jeff cox, adam jeffery
Keywords: news, cnbc, companies, previous, rise, gain, fourthquarter, gdp, expected, better, increases, spending, growth, increased, private, quarter, market, investment, 26


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