Every dollar you contribute to a traditional 401k or deductible IRA lowers your taxable income for the current year. At a 22% marginal rate, a $5,000 IRA contribution saves you $1,100 in federal taxes today. The tax break is immediate, and the investing benefits compound from there.
Credit cards have long helped consumers pay for purchases. Now Visa wants them to help consumers decide how to spend their money. During the Visa Payments Forum, the company unveiled AI Financial Assistant, a tool that lets cardholders chat with an AI assistant within their banking app about topics such as spending habits, budgeting recommendations,…
Key Points Over the last 15 years, Apple reduced its share count by 43.2% under CEO Tim Cook. Apple could make more aggressive investments in expanding its hardware ecosystem under new CEO John Ternus. Nvidia is committed to returning half of its free cash flow to shareholders through buybacks and dividends. 10 stocks we like…
Listen to the article 5 min This audio is auto-generated. Please let us know if you have feedback. There was plenty of movement across CFO posts in the S&P 500 to start 2026, and companies were willing to hand the job to people who had never held the title before. S&P 500 companies matched a…
Global Payments Inc. is leaning heavily on its Genius point-of-sale technology platform, integrating the massive processor Worldpay, and reckoning with the impact of the Middle East conflict, the Atlanta-based company said early Wednesday. Global is keen to promote the multi-market Genius technology, which debuted for restaurants in May last year, followed by a general-retail version…
Sending money abroad through a bank or authorised forex dealer does not automatically put a taxpayer in the Income Tax Department’s crosshairs. But the department’s latest nationwide verification exercise is a reminder that being within the RBI’s foreign-exchange limits and being tax-compliant are two different things. The Income Tax Department has launched…
There’s a lot of cash, but fewer deals propelled global fintech to the best year since 2022. When Global Payments completed its roughly $24.3 billion acquisition of London-based Worldpay in January, it would account for nearly a quarter of all global fintech investment in the five months that followed, according to Big Four auditor KPMG…