December 2021 ~ Business Gist Today

Thursday 30 December 2021

Posted by Unknown - 07:05

The Daily Money: Which major retailers are open on New Year's Eve?

ALL THE MONEY NEWS YOU NEED TO KNOW

Thursday, December 30

Good morning and Happy New Year's Eve Eve, Daily Money readers. This is Jayme Deerwester, back with you for the last time this week since there's no newsletter coming Friday due to the holiday.

Speaking of New Year's Eve, we've got a rundown of which major retailers and grocery stores are open Friday and when – you know, in case you want to buy a new TV to watch the College Football Playoff semifinals on Friday. (Go Bearcats and Wolverines!)

Let's shift to our ...💡

INSIGHT OF THE DAY. If 2021 was the year of over-the-top as the economy reopened – in spending, job growth, worker shortages, inflation and, yes, supply-chain bottlenecks – 2022 will be marked by a gradual return to normal, economists say.

"There will be a rebalancing," says Kathy Bostjancic, chief U.S. financial economist at Oxford Economics. "We think we'll still end up with pretty sturdy growth," she adds, though likely not without a new array of stumbling blocks. "I think there will be a lot of uncertainty, volatility."

Other stories you won't want to miss:

'No, Alexa, no!' Mom stunned after Echo suggests child perform dangerous TikTok challenge.

All DoorDash employees will make deliveries in the new year. Even the CEO.

Is New Year's Eve a federal holiday? No, but some workers will still have the day off.

Traveling for New Year's? Here are the best and worst times to drive.

New Year's resolutions can be full of pressure. Try making intentions instead.

MOOD MUSIC. I'm never been much for New Year's Eve partying. But I may pour myself a little wine while cooking dinner tonight. And as TV's Hank Hill would say, "I ain't right." Therefore, this line from Pink seems appropriate: "Raise your glass if you are wrong. In all the right ways."

Economy, job growth set to slow but stay strong in 2022 as COVID eases

Economy, job growth are set to slow but remain strong in 2022 as worker shortages persist and inflation, supply bottlenecks abate along with COVID

New Year's Eve shopping: When major retailers are open Friday

Florida Today got a sneak peek inside the new 148,

Here's when grocery stores are open New Year's Eve

A shopping cart filled with groceries is shown at

24% of Americans don't have a retirement strategy. Do you?

Older adults talking with financial advisor.

These 2 Social Security changes could hurt your finances

A person with a serious expression at a laptop.

Stocks climb higher as S&P 500 hits another record mark

In this March 23, 2021 file photo, pedestrians wal

All DoorDash employees will make deliveries in the new year

Mom outraged after Echo suggests kid try dangerous TikTok challenge

Woman isolates in plane bathroom after testing positive for COVID

Airplane bathrooms: Airplane lavatories may be tin

These cars, SUVs have met their demise

The 2022 Volkswagen Passat Limited Edition.

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Wednesday 29 December 2021

Posted by Unknown - 07:06

The Daily Money: You better report that stolen property on your taxes

The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Wednesday, December 29

Good morning, Daily Money readers. This is Jayme Deerwester, back with you for the rest of this short holiday week.

Tax-prep tips aren't unusual this close to the end of the year, but here's one that got our attention: Lit Capital, a growth capital fund, posted a tweet reminding readers that the Internal Revenue Service expects you to report stolen property or bribes as income on their 1040 for 2021.

"If you steal property, you must report its fair market value in your income in the year you steal it unless you return it to its rightful owner in the same year," reads the IRS' provision for stolen property. Let's see how many catalytic converter thieves and Nordstrom five-finger discount shoppers follow through with that one.

Let's shift to our ...💡

INSIGHT OF THE DAY. The metaverse will go beyond just wearing a VR headset and creating an avatar, UpEquity CEO and co-founder Tim Herman and chief technology officer Andy Pruitt predict. The company believes the metaverse will remove barriers for inspecting and buying homes, and whether having an all-cash offer might make or break a deal.

Other stories you won't want to miss:

Dole salad recall. Here's how to tell if the package in your fridge is affected.

Expired passport? You can still get home thanks to State Department extension until March 31.

Omicron and retirement. Should you let it change your timeline?

8 New Year's resolutions for small businesses. Pick a daily priority, prepare for emergencies.

Arizona has been issuing bigger, riskier bonds all over the U.S. Now, some are in trouble.

MOOD MUSIC. Some days, I struggle to find a song lyric that fits a given day's financial news. Today, the IRS story made the decision easy. It had to be "Been Caught Stealing" by Jane's Addiction: "I enjoy stealing. It's just as simple as that ... When I want something, I don't want to pay for it." (And odds are, they don't want to report it on their taxes, either.)