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Funding a Roth IRA through the “backdoor” has been a favorite move of aggressive savers in recent years. But the benefit may be much less prevalent if Democrats pass their ambitious multitrillion-dollar budget reconciliation bill. The backdoor Roth maneuver lets a high-income earners contribute money to a traditional IRA and then convert it into a Roth to skirt income limitations in the Roth program, but still take advantage of the tax benefits. Once the move is made – and the relevant… Source link

BRUSSELS, Sept 23 (Reuters) – Alphabet (GOOGL.O) unit Google is seeking to settle an EU antitrust investigation into its digital advertising business, a person familiar with the matter said, a move that could help it stave off a disruptive, lengthy probe and a possible hefty fine. EU antitrust cases have cost Google more than 8 billion euros ($9.4 billion) in fines in three different cases in the last decade and it has also been ordered to change its business practices to allow rivals to… Source link

Former Defense Secretary Jim Mattis testified on Wednesday in the fraud trial of entrepreneur Elizabeth Holmes, saying that he had been given a false impression about the capability of the blood testing product put forward by her now-defunct company Theranos. The testimony from Mattis, who sat on the board of the company for three years, is a central part of the prosecution’s case characterizing the fallen Silicon Valley star as a savvy operator who misled investors. Regardless of the trial’s… Source link

On Thursday after the bell, Nike (NKE) will report first-quarter results, and while most analysts believe that the sportswear giant will post strong earnings, supply chain issues as a result of factory closings in Vietnam loom large. Analysts polled by Bloomberg predict Nike will report adjusted earnings per share of $1.15 on revenue of $12.472 billion. Over the past few months, COVID-19 cases in Vietnam have continued to rise. However, its vaccination rates have continued to lag behind its… Source link

Target (TGT) has devised a novel way to partially get around the looming (and likely severe) retail worker shortage for this year’s all-important holiday shopping season.  Invest even more in the retailer’s current workforce. Target said Thursday it will hire fewer workers this holiday season. But, it will provide 5 million more hours to its existing workforce at a total cost of $75 million. The company said it would have store leaders “check in” with existing workers to understand their… Source link

While that one setting covers a lot of bases when it comes to how your personal information is used, there’s more you can adjust. You can limit other data the company collects about you, like videos you watch on YouTube, your location, product reviews you’ve left, even your Google profile. Then you can ask the company not to target ads to you at all, if you find them more invasive than helpful. Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, September 23, 2021 The famed ‘Fed put’ is alive and well. The Federal Reserve isn’t entirely asleep at the switch on soaring prices, and doesn’t appear to be committing a policy error — at least not yet. Those were the main takeaways from Wall Street’s reaction to the Fed’s policy decision, which sent a market addled by… Source link

Google on Thursday filed a writ petition in the Delhi High Court against the Competition Commission of India following the leak of a damning confidential report detailing the watchdog’s interim fact-finding in an antitrust probe. The report, which Google has yet to formally receive or review, said the American giant had abused the dominant position of Android in India to illegally hurt competitors in the world’s second-largest internet market. The Indian… Source link

A couple said they saw Brian Laundrie and his parents drive off with an attached camper this month. A neighbor said they saw Laundrie leave on September 11, the day Gabby Petito was reported missing. Laundrie’s family told the police last week that they had not seen him since September 14. Visit Insider’s homepage for more stories. A couple who live across the street from Brian Laundrie and his family told Fox News on Wednesday that they saw the 23-year-old and his parents leave their home in a… Source link

“Alisa”, the voice assistant from Russian tech firm Yandex, is now available for Russia’s VTB Bank (MCX: VTBR). She’ll be able to inform consumers about the products, tariffs and the banking platform’s services. She can also go over loan applications and offer advice or suggestion on how to keep savings profitable. In order to use the service, you just have to tell Alice: “Start the skill” VTB Assistant.” As reported by Finextra, this may be done from the Yandex app via a… Source link