Let’s say that you’re an individual who wants to give money to two people, your son and his wife. Maybe this is to help with a wedding, down payment for a home or building a family. You can likely give away a good amount of money without incurring any taxes, but there may be some […]
Tag: triggering
Freight train derails in Chicago suburb, triggering evacuations over suspected leak
A freight train derailed in a Chicago suburb on Thursday, briefly sparking evacuations of nearby homes and businesses. The train derailed at 217th Street and Main in Matteson, NBC Chicago reported. A mandatory evacuation was underway amid a suspected leak from the derailed cars. The evacuation affected people and businesses within a quarter-mile east, 1 mile west […]
Crypto Market Faces Major Selloff, Triggering $270M in Liquidations
Crypto Market Faces Major Selloff, Triggering $270M in Liquidations The cryptocurrency market has faced a significant selloff over the past two days, resulting in a wave of liquidations across various platforms. Bitcoin (BTC), the largest cryptocurrency by market capitalization, saw a decline of 3.5% over the past 24 hours, trading at $67,275. Ethereum (ETH), the […]
Tropical system in Florida triggering heavy rain, flooding in Lee County. What to know
The News-Press is monitoring the weather today in Lee County: Weather forecast for Lee County: High potential for flooding today According to AccuWeather: Forecasts call for the hardest hit areas to be across Southwest and South Florida, with predictions going all the way up to four to eight inches today and 15 to 20 inches during the week. AccuWeather […]
Luxury 80ft sports yacht sinks off Florida coast triggering coast guard rescue
The US Coast Guard rescued two people this weekend after their luxury sports yacht sank off the Florida coast. The operator of the Atlantis, an 80-foot yacht. alerted the US Coast Guard on Saturday morning that the boat had struck an object and was taking on water. The yacht was three miles off the coast […]
Six presumed dead after cargo ship rammed Baltimore bridge triggering collapse
All six people missing after a major bridge in the US city of Baltimore collapsed are presumed dead, authorities said. The search for their bodies is now suspended until Wednesday morning local time. The six disappeared when a container ship lost power and crashed into the bridge early on Tuesday, causing it to snap in […]
Walgreens to close Dayton west side location, triggering fear of pharmacy desert
The Walgreens on Hoover Avenue in Dayton is among the locations that will close across the nation because of corporate downsizing, a decision that is drawing attention again to concerns that low-income, Black and Latino Americans have been abandoned and left to exist in a pharmacy desert. >> Dayton identified as a top city to […]
How the prospect of conscription is triggering mass exodus in Myanmar
Nineteen-year-old Doe Doe has already had to make a series of difficult decisions in his young life. When Myanmar’s military took power in 2021, he decided to drop out of high school, feeling he was unable to continue with his education in a system controlled by the junta. He was 16 years old at the […]
Bitcoin Suddenly Plummets 7% After Hitting $64K, Triggering Over $700M Crypto Liquidations
Bitcoin’s roller-coaster price action triggered nearly $700 million in crypto liquidation over the past 24 hours, CoinGlass data shows. The sell-off echoed throughout all digital assets, resulting in the CoinDesk20 Index falling almost 5% on Wednesday. Bitcoin’s {{BTC}} breakneck rally quickly turned sour early Wednesday afternoon, with the price plunging 7% from a $64,000 high, […]
How Donald Trump risks triggering a new bond crisis
donald trump Donald Trump is scaring the moneymen. The former US president’s attempt to return to the White House is raising eyebrows on Wall Street, including among the so-called bond vigilantes. Coined by veteran investment strategist Ed Yardeni in the 1980s, the term describes debt traders who punish profligate politicians by selling bonds. This pushes […]
I Want To Give My Daughter $50,000 To Help Pay For Her Wedding — Will I Need To Worry About Triggering A Gift Tax?
Considering helping your daughter financially for her big wedding day? It’s a gesture that speaks volumes about your love and support. Weddings mark one of life’s most cherished milestones, and contributing to your daughter’s special day can make it even more memorable. However, as you plan to make this gesture, it’s also wise to be […]
Adams admin now projects even more tax revenue than NYC Council, triggering demand for budget cut reversals: sources
Mayor Adams is expected to release an updated fiscal forecast Tuesday showing the city’s on track to rake in well over $2 billion more in tax revenue than what his team previously estimated — a revision that’s likely to fuel calls for the mayor to undo some of his unpopular budget cuts to city services, […]