Finance

The tax code is written so that the accumulated capital gains taxes are eventually supposed to be paid. But when an individual owns the real estate, the properties can be held until death. At that point, all of the embedded capital gains are wiped out, so no capital gains tax is owed. The family inherits […]

OAKHURST, Calif. — Pacific Gas & Electric has a big problem. Its equipment keeps coming into contact with dry trees and shrubs and starting devastating wildfires. So the company is scrambling to trim or cut down hundreds of thousands of trees across its vast Northern California territory. But it has another problem: finding people to

Pennsylvania’s treasury department is accusing about a dozen large financial firms of working together to illegally inflate the price of bonds issued by Fannie Mae and Freddie Mac over seven years. A federal court filing by Pennsylvania Treasurer Joe Torsella cites what his office says is evidence from a “cooperating co-conspirator” in a U.S. Department

Investing $10 a week in a 529 account over 18 years could yield just over $15,000 for college, assuming a 5 percent annual return and no withdrawals, according to the campaign’s calculation. (The calculation doesn’t take fees into account.) The average debt of graduates of four-year colleges was about $29,000 in 2017, according to the

William A. Darity Jr., an economist at Duke University and a leading scholar on reparations, suggests two qualifying conditions: having at least one ancestor who was enslaved in the United States, and having identified oneself as African-American on a legal document for at least a decade before the approval of any reparations. The 10-year rule,

The few women who are CEOs of the largest U.S. companies typically make more money than their male counterparts but aren’t close to the top of the leaderboard for pay packages. The median pay package for female CEOs in the 2018 fiscal year was $12.7 million, compared with $11.2 million for men, according to data

After attaining professional success and wealth, Anas Osman, a technology entrepreneur and executive, turned to philanthropy. He wanted to help other Muslim Americans embrace the opportunities in the United States. So he and some friends from Chicago, who had also achieved financial success, came up with an idea that was decidedly unconventional. They didn’t want

In a note on Wednesday, analysts from Nomura Global Markets Research said their baseline scenario was that Mr. Trump would put a 25 percent tariff on all Chinese exports to the United States by the end of 2019, most likely after he is scheduled to meet with Mr. Xi at the Group of 20 summit

The latest on developments in financial markets (all times local): 12:00 p.m. Stocks are rising at midday on Wall Street Friday, led by gains in technology companies, as the market tries to rebound from steep losses a day earlier. Intuit gained 6.2% after the maker of TurboTax reported quarterly earnings and revenue that topped expectations.

Cleo Parker had a simple plan before retiring: She would work well into her 60s as a marketing analyst in the automotive business. But recently, she has been searching for a Plan B. In 2006, just as she was about to turn 50, Ms. Parker’s longtime marketing job with a Detroit-area advertising agency was eliminated.