Crypto, NFTs Are Rife With ‘Mountains’ of Fraud, IRS Says
IRS criminal investigators see cryptocurrencies and nonfungible tokens as ripe for fraud, including money laundering, market manipulation and tax evasion -- and even celebrities could get caught up in the agency’s probes.
Equity Investment Outlook: The Pandemic’s Long Tail
In our latest outlook we examine the long-term implications of the pandemic, particularly changes to the labor market and the supply chain, and we discuss why we will be focusing on companies with pricing power in 2022.
Wall Street's Model Portfolios Are Misunderstood
Large asset managers provide model portfolios for many purposes — as options in 401(k) plans, as blueprints for institutional clients and affiliated financial advisors, and as suggestions for unaffiliated investment advisors. These have the “lather, rinse, repeat” conflict of interest.
Middle-Class Hourly Wages as of December 2021
We've updated this series to include the December release of the Consumer Price Index as the deflator and the monthly employment update. The latest hypothetical real (inflation-adjusted) annual earnings are at $45,503, down 6.7% from 45-plus years ago. Hourly earnings are below their all-time high after adjusting for inflation.
Path to a Living Wage Starts With Companies’ Full Disclosure
U.S. wages are rising after decades of stagnation. And yet, by all indications, income inequality in the U.S. is the highest ever and growing, and tens of millions of full-time workers still fail to earn a living wage.
‘Disappointing Tax Season’ Points Toward Smaller, Later Refunds
In what even the U.S. Treasury says will be a frustrating tax season, families claiming the child tax credit and newly self-employed Americans are among filers likely to see the biggest challenges this year.