Hoping to avoid a tax surprise for 2019? Talk to your accountant before you use the IRS tax withholding calculator. That’s because user error and failure to consider state and local taxes could result in incorrect adjustments to the income taxes you have withheld at work. The 2018 tax year brought in a host of changes for filers as they...

Former Vice President Joe Biden, a product of the working class who became a key adviser in the Obama administration following a long career in the Senate, officially entered the Democratic race for president Thursday by declaring “we are in a battle for the soul of this nation.” Biden’s entrance comes four years after his son’s death led him to...

Joe Biden spent a hot August day at his lakefront Delaware home watching hatred on display in Charlottesville, Virginia, where, days earlier, torch-wielding white supremacists had marched through town. A counter-protester advocating racial equality was killed when a white supremacist drove his car into a crowd. When President Donald Trump blamed the violence on “both sides,” the former vice president...

Joe Biden, the former vice president and U.S. senator from Delaware, has made it official: he is running for president. Biden posted this video delcaring his 2020 run for the Democratic nomination Thursday morning.

It’s only April, but already this year more store closures — nearly 6,000 — have been announced than in all of 2018. That surely isn’t helping mall owners. Foot traffic at some of the best shopping centers across the country peaked around August 2018 and has since started to fall, after rebounding for much of last year, according to a...

Sears is opening stores again. The embattled department store chain, which has shut hundreds of Sears and Kmart locations over the years and recently got another shot at life after filing for bankruptcy protection in October, still sees a chance to be a shopping destination for hardline goods like appliances, tools and mattresses. Sears announced this week it will open...

Sears Chairman Eddie Lampert has submitted a revised bid of roughly $5 billion in a last-ditch attempt to save the retailer from liquidation, according to a person familiar with the matter....
This latest attempt comes one day after Lampert’s initial $4.4 billion bid to save Sears was rejected by the company. It faced a number of challenges, including being short of...

Sears is giving Chairman Eddie Lampert another chance to buy the company out of bankruptcy and save roughly 55,000 jobs. Sears on Tuesday had planned to tell the bankruptcy court it had rejected Lampert’s offer to buy the retailer, after it fell short of covering its bankruptcy expenses. Lampert, though, protested the decision, highlighting the extensive costs of Sears’ bankruptcy...

Sears, the 125-year-old icon, has 24 hours to survive. The employer of more than 68,000 filed for bankruptcy in October. Its last shot at survival is a $4.6 billion proposal put forward by its chairman, Eddie Lampert, to buy the company out of bankruptcy through his hedge fund, ESL Investments. ESL is the only party offering to buy Sears as...

Characteristically, President Donald Trump responded to bad news on Christmas Eve by blaming others. As battered markets slumped again, he faulted the Federal Reserve. “The only problem our economy has is the Fed,” the president declared of the central bank chaired by his appointee Jerome Powell. Yet simply by making the assertion, Trump negated it. The end of 2018 makes...

Even as Eddie Lampert is trying to keep Sears alive, the company is preparing for its potential doom. Sears’ chairman, Eddie Lampert, earlier this month unveiled his $4.6 billion proposal to save Sears by buying the company out of bankruptcy through his hedge fund, ESL Investments. Such a deal is likely its last chance at survival. If Lampert can’t buy...

The “Fearless Girl” statue has a new home — directly across from the New York Stock Exchange.

The popular Fearless Girl statue now stands in her new home in lower Manhattan, staring down the business center of America. Jummy Olabanji reports.

Get a closer look at the top stories for Thursday, Nov. 29.

The “Fearless Girl” statue near Wall Street that has become a global symbol of female can-do business spirit has been removed from her spot facing the “Charging Bull” and is on the move to a location by the New York Stock Exchange by the end of the year.

Sen. Cory Booker, D-N.J., is getting advice from one of former President Barack Obama’s campaign leaders in New Hampshire as he considers a run for the White House in 2020, CNBC has learned. Jim Demers, a co-chairman of Obama’s New Hampshire campaign organization in 2008, is becoming known as Booker’s “tour guide” within the state.

Stocks fell sharply on Friday as investors slogged through another volatile session on Wall Street. The Dow Jones Industrial Average traded 416 points lower after dropping more than 500 points at its lows of the day. The Nasdaq Composite was down 2.6 percent. At its lows, the tech-heavy Nasdaq had fallen more than 3 percent. The S&P 500 fell 2.2...

Winning the $970 million Mega Millions jackpot may sound like a dream come true. But if you purchase a lottery ticket, buyer beware: Coming into that much wealth can easily become a nightmare, NBC News reported. “You assume money makes you happy or takes care of all your problems. But money doesn’t do that,” warned financial planner Jim Shagawat, president...

Though the recent stock market volatility is likely giving investors motion sickness, financial advisors are reminding them that it might be best for them to hang on through the decline. The Dow Jones Industrial Average fell by 800 points on Wednesday. Stocks continued their descent on Thursday morning.

Sears Holdings has contacted banks in recent days to arrange the financing necessary to file for bankruptcy after 125 years in business, people familiar with the situation told CNBC. The stock plummeted 32 percent, to 40 cents a share, in Wednesday’s premarket trading after the report. The so-called “debtor-in-possession” loan, which companies need to have enough liquidity to keep running...