• Sun, December 15, 2024

by: Detroit News

What will happen to Social Security under Trump's tax plan?

"Seniors should not pay tax on Social Security," President-elect Donald Trump said on social media during his campaign in July. Currently, some people who collect Social Security owe income tax on a portion of their benefits. Trump's plans to ...

by: USA Today

The Advocate's 20 Under 40 honorees focus on education to take advantage of opportunities

There are many questions about Licking County's future amid record growth, but one answer emerges from The Advocate's 20 Under 40 honorees: Education.

by: The Motley Fool

3 Key Facts to Know About Celsius Before Buying the Stock

The stock market, as measured by the S&P 500, is having a fantastic year. As of Dec. 11, the broad index has climbed 28% in 2024, building off last year's 24% rise. Market sentiment is certainly strong as we set our sights on the calendar turning.

by: Business Insider

Insider Today: Tech's new biggest argument

Welcome back to our Sunday edition, a roundup of some of our top stories. Bummed about your Spotify Wrapped? Maybe this explanation from a former Spotify engineer about what was different this year will help. On the agenda today: But first: Keeping track ...

by: Business Standard

2024, a rear view: Continuity with change, and change with continuity

Mint Road saw a new incumbent at the helm, followed through on its regulatory and governance initiatives even as the wait continues on a few fronts

by: Forbes

The New Era Of Top-Tier VC In 2025: 3 Key Insights For Entrepreneurs

Andreessen Horowitz is making VC funds larger and more diversified, with junior VCs investing more in higher-risk stages. Is this smarter than Benchmark's strategy?

by: Seattle Times

Backers of most U.S. mortgages have done little about climate risks

Fannie Mae and Freddie Mac know that floods and fires are a growing problem, but little action has yet been taken to mitigate future climate related financial risk.

by: The Financial Express

Pharma, FMCG, oil and gas lead hiring for AI/ML roles

Apart from sectors like automobile and banking and financial services, segments like pharma/biotech, FMCG, and oil and gas emerged as significant hirers for these profiles.

by: Business Line

Public sector banks record net profit of ?85,520 crore in first half FY2024-25

by: AOL

TKer: The price-to-earnings ratio is a very poor market-timing tool

This is on $275 earnings per share (EPS) for the year. "The quality of economic, business, consumer and job growth data from the start of the Fed's rate hike cycle in March of 2022 through the initial cuts to its benchmark interest rate in September and ...

by: Couriermail

'Will see a rise': Warning as bosses continue to ignore Right to Disconnect legislation

Australia's new Right to Disconnect laws have been in place for months now, but it seems many employers still aren't getting it — and its something we will likely see causing big issues in 2025.

by: Arabian Business

Emirates wins titles at World Travel Awards 2024

Emirates secured several wins at the World Travel Awards 2024, including: The airline was also recognised as "Best Airline App Worldwide" and "Best Airline App in the Middle East" at the World Travel Tech Awards 2024.

by: The New Zealand Herald

Former Blue Chip boss Mark Bryers jailed in Australia

Kiwi fraudster and former Blue Chip boss Mark Bryers has been jailed in Australia. Bryers, with construction boss George Alex, Lindsay Kirschberg, Pasquale Loccisano, and Gordon McAndrew were found guilty of conspiracy to cause loss and conspiring to deal in the proceeds of crime,

by: The Straits Times

What is it like being a young boss?

How to convince people to look past your age as a young leader? 14:53 How to inspire confidence among those you lead? 16:59 Has Qin En ever felt he has peaked early in his ca

by: CTV News

Canada Post, union make their case at labour board hearings

Canada Post says it and the union are taking part in hearings by the country's labour board on whether the two sides have reached an impasse.

by: Sydney Morning Herald

Rates in the gun in the biggest shake-up at Reserve Bank in 64 years

Treasurer Jim Chalmers' overhaul of the Reserve Bank board is complete, with six people appointed to help run the bank and set interest rates.

by: The Globe and Mail

Freeland's fall economic statement to target affordability, U.S. competition amid scrutiny over spending

Freeland has said Monday's statement will also respond to Trump's pre-emptive threat of a 25-per-cent tariff on Canadian goods without action to strengthen the border

by: bnnbloomberg

Australia Names Fry-McKibbin, Baker to RBA's Rate-Setting Board

McKibbin, who participated in the review of the central bank, and former Bendigo and Adelaide Bank CEO Marnie Baker to the Reserve Bank's new monetary policy committee.

by: moneycontrol.com

Preparing a will online? Understand the process and its pitfalls

Online wills are convenient and affordable, but may not be suitable for complex estates or unique circumstances.

by: Firstpost

Sri Lanka's Dissanayake opts India for first overseas trip, what's on agenda?

Sri Lanka's President Anura Kumara Dissanayake arrived in New Delhi on Sunday on a 3-day State visit. He has a packed schedule, unlike his last visit around 10 months ago as a delegation head of his anti-India party NPP.

by: MSN

Sri Lanka President Arrives in India, Holds Talks With Jaishankar, Sitharaman

Sri Lankan President Anura Kumara Dissanayake arrived in New Delhi on Sunday for a state visit from December 15 to December 17. The visit marks Dissanayake's first trip to India since assuming office in September.

by: The Age

The $100k loan contract between Cats legend Joel Selwood and an accused fraudster

Loan documents reveal a man now under police investigation proposed to borrow $100,000 from Selwood, who would be repaid the principal and interest of $10,000 after eight months.

by: moneycontrol.com

Insurance in 2024: Higher life insurance surrender values, shorter moratorium period in health insurance and more

Preeti Kulkarni is a financial journalist with over 13 years of experience. Based in Mumbai, she covers the personal finance beat for Moneycontrol. She focusses primarily on insurance, banking, taxation and financial planning Advisory Alert: It has come to ...

by: MSN

Truphie Kwaka-Sumba: A Journey of Faith, Leadership & Opportunities

Sumba, the Deputy Vice Chancellor for Finance and Administration at St. Paul's University, has a calm yet commanding presence. Her journey through business, academia, and administration is a story of resilience,

by: The Globe and Mail

Ottawa intervenes in Canada Post strike, Bank of Canada delivers a cut and the 100 most livable cities: Business and investing stories for Dec. 15

Ottawa directed the Canadian Industrial Relations Board to order striking Canada Post workers back to their jobs, and to extend their existing collective agreement until May, 2025. Labour Minister Steve MacKinnon said a federal mediator appointed by the government during the strike informed him that negotiations were going in the wrong direction,

by: Forbes

Invest Like Private Equity In 2025 And Get Paid 12.3% Annually

Scott Bessent will advocate for financial deregulation and increased lending. This will be a boon for private equity (PE) firms and business development companies (BDCs).

by: MSN

New IRS 1099-K Tax Rule: Here's What Freelancers Who Made Money on PayPal or Cash App Need to Know

If you earned over $5,000 or more in income via third-party apps, you should get a 1099-K to file with your tax return.

by: moneycontrol.com

DAM Capital sets price band at Rs 269-283 per share: Listing timeline and IPO details

The IPO is an offer-for-sale (OFS) of up to 2.97 crore shares by existing shareholders and promoters. At the upper price band, the issue size is nearly Rs 840 crore, valuing the company at a market capitalization of around Rs 2,

by: MSN

From half-pipes to high finance: What investors can learn from Tony Hawk's unexpected success and smart investments

Discover how pro skateboarder Tony Hawk's unexpected financial success through his Pro Skate video game series offers valuable lessons about the importance of humility, giving back, and the need to di

by: MSN

11 Proven Ways to Make Extra Cash Online Without Spending a Dime

Have you ever wished you could make extra money working from home? The key is to find a great way to make money online for free. Contrary to popular belief, there are plenty of legit ways to make real money online;

by: MSN

How Franchising Can Alleviate Entrepreneurial Imposter Syndrome

The franchise model can alleviate entrepreneurial imposter syndrome and provide an alternative path towards professional independence.

by: MSN

Conversation with Truphie Kwaka-Sumba: A Journey of Faith, Leadership & Opportunities

Sumba, the Deputy Vice Chancellor for Finance and Administration at St. Paul's University, has a calm yet commanding presence. Her journey through business, academia, and administration is a story of resilience,

by: MSN

Trump's Cabinet And Key Jobs: Truth Social CEO Devin Nunes, Troy Edgar And Bill White Are Latest Nominees

Nunes, chief executive of Trump-owned Truth Social, was announced as the president-elect's nominee for chairman of the President's Intelligence Advisory Board.

by: MSN

Amazon and the endangered future of the middle manager

Amazon CEO Andy Jassy delivered one of 2024's major job headlines with his five-day office mandate, but there's a bigger tech organizational shakeup at work.

by: MSN

Africa's richest city with 12,000 millionaires and the world's deepest gold mine

The city is also home to Africa's busiest airport and connects millions of people to destinations across the globe each year.
  • Mon, December 16, 2024

by: The Age

The $100,000 loan contract between Cats legend Joel Selwood and an accused fraudster

Loan documents reveal a man now under police investigation proposed to borrow $100,000 from Selwood, who would be repaid the principal and interest of $10,000 after eight months.

by: Arabian Business

When the drums fall silent - legendary drummer Zakir Hussain passes away

The five-time Grammy winner died on Sunday in San Francisco after spending two weeks in the ICU with idiopathic pulmonary fibrosis

by: Rappler

Pagcor leases Nayong Pilipino property to San Miguel for 25 years

Pagcor says the construction of its new office building was a 'major consideration' for the agreement with San Miguel Infrastructure

by: Forbes

Trump's Cabinet And Key Jobs: Ric Grenell And Devin Nunes Are Latest Nominees

Nunes, chief executive of Trump-owned Truth Social, was announced as the president-elect's nominee for chairman of the President's Intelligence Advisory Board.

by: India Today

Parliament Session Live: Constitution discussion in Rajya Sabha, Lok Sabha to focus on financial business

The Rajya Sabha is set to convene today for a two-day discussion marking 75 years since the adoption of the Constitution. While the focus of the debate is expected to be on the significance and evolution of the Constitution since its adoption on November 26,

by: moneycontrol.com

Business Loan: Key documents needed to secure financing, check full list

Business loans can fuel growth and stability for entrepreneurs, but securing one requires meticulous preparation. From identity proofs to financial statements, discover the documents needed for your application process.

by: Business Standard

HNIs, NRIs to rule India's luxury housing mkt: 2025 realty trends decoded

Infrastructure development will further fast-track real estate growth in Tier-II & III cities including temple towns such as Amritsar, Ayodhya, Dwarka, Puri, Shirdi, Tirupati, Varanasi, etc.

by: Business Standard

What factors determine fair alimony? Latest SC ruling on divorce explained

The Supreme Court's recent ruling in the Rajnesh vs Neha case outlines eight key factors that determine alimony, focusing on financial capacity, standard of living, and the welfare of children.

by: Business Standard

Declaring foreign assets in tax returns form: What Indians must know

It is mandatory for Indian residents to disclose their foreign assets and income in their Income Tax Return (ITR). Specifically, Schedule FA (Foreign Assets) in the ITR form is meant for reporting foreign assets, and Schedule FSI (Foreign Source Income) is for reporting income from foreign sources.

by: MSN

More Americans have brighter outlook on state of finances for next year: survey

As the new year approaches, more Americans have a brighter outlook for the state of their personal finances in 2025, a recent Bankrate survey indicated.

by: MSN

US case against India's Gautam Adani appears strong but extradition unlikely, experts say

The U.S. fraud case against Indian billionaire Gautam Adani appears to be backed by documents that will help prosecutors make a strong case, legal experts said, but the tycoon is unlikely to be extradited to stand trial anytime soon.

by: MSN

I'm a Financial Advisor: 5 Ways My Millionaire Clients Have Wasted Money in 2024

Poppin' bottles in the VIP room? Some would call that wasteful spending. Others would call it being rich. After all, for some, having money often means having less vigilance regarding where

by: MSN

Mytheresa Emerges as the Hero in the 2024 Drama of Luxury E-commerce

Frasers Group gave up on Matches, Coupang has begun its reboot of Farfetch and Richemont has agreed to sell Yoox Net-a-porter to a thriving rival, Mytheresa. It's been a year of shock - and change - for multibrand online luxury retailers.

What will happen to Social Security under Trump's tax plan?

"Seniors should not pay tax on Social Security," President-elect Donald Trump said on social media during his campaign in July. Currently, some people who collect Social Security owe income tax on a portion of their benefits. Trump's plans to ...
The article from The Detroit News discusses the potential impacts of former President Donald Trump's tax plan on Social Security. Trump's proposed tax cuts, which include reducing individual income tax rates and eliminating certain taxes, could lead to a significant reduction in federal revenue. This reduction might exacerbate the already strained Social Security trust funds, which are projected to be depleted by 2035. The article outlines several scenarios: if the tax cuts are implemented without offsetting spending reductions or revenue increases, Social Security benefits might face cuts or the retirement age could be raised. Alternatively, if Congress opts to protect Social Security, other federal programs might see reductions, or the national debt could increase. The article also mentions that Trump's plan lacks specific details on how Social Security would be directly affected, leaving room for speculation and concern among experts about the future funding and sustainability of the program.

Read the Full Detroit News Article at:
https://www.detroitnews.com/story/business/personal-finance/2024/12/15/what-will-happen-to-social-security-under-trumps-tax-plan/76959009007/