Author: Daniel snow

Republican presidential nominee former President Donald Trump speaks at a campaign rally in Asheville, N.C., Wednesday, Aug. 14, 2024.Matt Rourke | APThe Social Security Administration sent what experts say is a misleading email to consumers last week, describing President Donald Trump’s “one big beautiful bill” as “long-awaited tax relief to millions of older Americans.”In that email and a July 3 press release, the agency said the legislation will make it so “nearly 90%” of Social Security beneficiaries no longer pay federal income taxes on benefits. It attributed that to an additional $6,000 senior deduction and another unspecified provision.Tax experts say…

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Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market moves: The S & P 500 was lower Monday, giving back some gains following its run to new highs last week. The market was drifting lower for most of the session as its overbought condition finally caught up to the rally. However, Monday’s losses picked up steam after President Donald Trump said on Truth Social that the U.S. will impose 25% tariffs on imports from Japan and South Korea, starting…

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