The OECD downgraded its growth forecast for the U.S. but maintained its China outlook. Hans Stoter, Chief Investment Officer at ING Investment Management, discusses the logic behind the move.» Read More
Art Cashin of UBS says investors are repositioning themselves ahead of Alibaba's IPO Friday.
Comment period on 'net neutrality' will end Monday even as FCC continues its outreach to inform citizens on the regulations.
Stock market strategist Thomas Lee says there's plenty of proof the bull market still has several years to go.
Getting a mortgage in the U.S. may be easier than many borrowers think, according to a survey released Monday by Wells Fargo.
Syncora withdraws all objections to Detroit's plan to adjust $18 billion of debt in a settlement Monday
President Obama's push to raise the minimum wage could make headway in the conservative heartland in the November elections.
A stuttering recovery in the U.S. and the continued fragility of the euro zone means that risk assets are "mispriced," the OECD has warned.
John Kitzhaber, legislative Democrats and others to overhaul Oregon's tax code. With no sales tax and property taxes constrained by 1990 s ballot measures, Oregon relies on the income tax for nearly $7 of every $10 it collects— more than any other state.
LAUNCESTON, Australia, Sept 15- The pressing problem for some resource-rich countries isn't that prices for commodities have dropped sharply, it's that their currencies haven't dropped in tandem.
Emerging markets are at risk of “damaging feedback loops” once central banks start sharply raising rates.
SIOUX FALLS, S.D.— A rise in income inequality appears to be negatively affecting tax revenues in South Dakota and other states, according to a new report from the credit rating agency Standard& Poor's.
LAS VEGAS— The amount of money Nevada gets from taxes is growing at a much slower pace than it did decades ago, a statistic that a new report attributes in part to the widening gap between the incomes of the top 1 percent of earners and everyone else.
DENVER— Colorado is among the top 10 states most reliant on income taxes for revenue, according to a new report concluding that income inequality is contributing to slower economic growth nationally. For states like Colorado, income inequality has meant revenue performance is closely tied to financial markets, according to the report.
WASHINGTON— Income inequality is taking a toll on state governments. "Rising income inequality is not just a social issue," said Gabriel Petek, the S&P credit analyst who wrote the report. Stagnant pay for most people has compounded the pressure on states to preserve funding for education, highways and social programs such as Medicaid.
Regardless of the outcome of constitutional amendment, it's unlikely that Tennessee lawmakers would seriously consider a state income tax— which has become a toxic political issue since the last serious attempt to impose one failed in 2002 amid raucous Capitol protests that included a brick being thrown through the window of the governor's office and demonstrators banging on the doors of the Senate chamber while lawmakers sought to conduct their business within.
TALLAHASSEE, Fla.— A new report says a rising concentration of income among the nation's richest households is a problem for Florida because it is one of 10 states most dependent on sales taxes. Florida has no state income tax and its major source of revenue is a 6 percent sales tax.
JEFFERSON CITY, Mo.— A national increase in income inequality appears to be negatively affecting tax revenues in Missouri and other states, according to a new report from a credit rating agency. From the 1950 s through the 1970 s, Missouri averaged more than 9 percent annual growth.
JACKSON, Miss.— Mississippi is one of 10 states most reliant on sales taxes as a share of revenue, according to a new Standard& Poor's report that says that such states may be particularly susceptible to an ever-widening income gap dragging down state tax revenues.
INDIANAPOLIS— Rising income inequality in the U.S. appears to be slowing tax revenue growth in Indiana and other states, according to a new report by the credit rating agency Standard& Poor's.
ATLANTA— A new study suggests the growing share of income paid to the rich could raise the costs of a Republican proposal to replace Georgia's income tax with an expanded sales tax. As part of the study, researchers compared states more dependent on income tax collections, such as Georgia, against states more reliant on sales tax collections.
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