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Asia remains the diamond in Tiffany’s jewelry box
Tiffany.cn
Stores in Greater China nearly outsell those in Japan, and demand won't ease any time soon.

Zara pulls ‘concentration camp’ pajamas off market
Zara controversy: Yellow star on kids' pajamas meant to represent a sheriff's badge in the American West, Spanish-based retailer says. Social media links design motif with Nazi concentration-camp uniforms.  Zara
Spanish fast-fashion retailer says yellow star was meant to evoke badge of an Old West sheriff.

Michaels’ shares are painting a pretty picture
Employee Nikki Bush stocks acrylic paint at a Michaels Stores Inc. location in Cincinnati, Ohio, U.S., on Monday, Dec. 9, 2013. Michaels Stores Inc. offers arts, crafts, scrapbooking, floral, framing, home decor, seasonal offerings, and children's hobbies, as well as provides photo frames, ready-made frames, art prints, framed arts, art supplies, and custom framing services. Photographer: Luke Sharrett/Bloomberg *** Local Caption *** Nikki BushMichaels Sales Associate Nikki Bush stocks acrylic pain at a Michaels craft store in Cincinnati, Ohio, U.S. on Monday, Dec. 9, 2013. Luke Sharrett for Bloomberg  Bloomberg
After a disappointing start as a public company, craft-chain shares are playing catch-up.

The most hated car company in America is ...
 Shutterstock
Customer satisfaction has hit a five-year low, whether it's with U.S. or foreign cars.
Guess who owns the world’s only purple Tesla?
Google car may mean cheaper car insurance

Passive investing will keep gaining ground: Vanguard
Vanguard analyst: Swing to passive investing isn't over yet
Analyst at Vanguard discusseswhether pendulum could swing back to favor the stock pickers.
Passive investing is now the mainstream

Forget bedbugs — these bugs are bigger worries
 Terminix
There are more hazardous to your health and home than bedbugs, experts say.
10 businesses profiting from germaphobia
Scientists seek to map bedbug genome

Smith & Wesson sales cool as gun-control fears wane
Smith & Wesson handguns are displayed at the Smith & Wesson Academy in Springfield, Massachusetts, Friday, August 18, 2006.  Smith & Wesson Holding Corp., fresh from winning military contracts in Afghanistan, now wants a bigger prize back home: an Army deal worth as much as $500 million that would be its biggest defense order ever. Photographer: JB Reed/Bloomberg News. Smith & Wesson handguns on display at the Smith  & Wesson Academy in Springfield, Massachusetts Friday, August 18th. Smith & Wesson Holding Corp., fresh off winning its first military sale in 15 years, has its sights on a bigger prize now: an Army contract worth as much as $500 million that would be its biggest defense order ever. PHOTOGRAPHER: JB REED  Bloomberg News
First Take: Many consumers appear to quit buying weapons as fear that their availability will be curtailed abates, writes Steve Goldstein.
10 things the gun industry won’t tell you

Why Ferguson, Mo., matters for investors
 David Weidner/MarketWatch
Opinion: The friction between protesters and police in this St. Louis suburb is also about economic opportunity, writes David Weidner.
Who wants to invest in Ferguson, Mo., now?
The Ferguson, Mo., you don’t know

10 good things you don’t know about Ferguson
Ferguson and money: Where did the banks go?
Ferguson’s rage has roots in China, Mexico

No more living on the wrong side of the tracks
Renters and homeowners now cluster together Bloomberg
Since the real-estate bust, renters and owners now more clustered together, a survey shows.
Michael Sincere: Housing market is falling apart
City-by-city look at home prices: Slowing in S.F.
Underwater mortgages hit property market
China’s housing plunge sparks violent clashes
NEED TO KNOW
Russia plans to halt gas flow to EU: Ukraine
H-P surpasses IBM as No. 1 in server sales
Taiwan’s Apple plays lead Asian stock gains
Ireland’s Ryanair among gains in Europe
5 apps for spying on a spouse

Sam Eisenstadt, who devised Value Line's much-admired stock-selection system, at home with his wife, Edith.
Famed market timer is gearing up for S&P 2,150
Insight: Mark Hulbert looks at the latest from Sam Eisenstadt, one of the best at calling the market.
What S&P did last 2 times the Fed started hiking
Who’ll raise rates first: Fed or Bank of England?
Don’t ignore the ‘buts’ in Draghi hints at QE
French leader keeps up pressure on ECB to act

Big U.S. banks prepare to make even more money
Analysis: A rise in interest rates will help them earn billions more, writes Phil van Doorn.

CBO sees $506 billion deficit in 2014
Congressional Budget Office raises its forecast by $14 billion.

California kill switch law seen going national
Manufacturers are expected to make anti-theft technology a default setting in all mobile phones.

Employees prepare lunch orders at a Chipotle Mexican Grill restaurant at Madison Square Park in New York, U.S., on Wednesday, Jan. 29, 2014. Chipotle Mexican Grill Inc. is expected to release earnings figures on Jan. 30. Photographer: Craig Warga/BloombergLunchtime activites at Chipotle Mexican Grill's Madison Square Park Location in New York, U.S., on Wednesday, Jan. 29, 2014. Photographer: Craig Warga/Bloomberg *** Local Caption ***
Could McDonald’s reel in Chipotle?
Burger giant may rue the day it gave up controlling stake in the fast-growing burrito chain (24/7 Wall St.).
Should you pull a ‘Burger King’ to cut tax bill?

Time Warner Cable back up after outage
Cable operator calls Internet, on-demand services largely restored.
These companies won big at the Emmys

Joe Biden beating the drums at secret fundraisers
Joe Biden heads to secret fundraisers
Joe Biden beats the drums at secret fundraisers, plus the farm bill as campaign fodder.
‘Iron is hot’ to act on tax inversions, Levin says

Paul Merriman: Four traps wrecking your retirement
Four traps wrecking your retirement
There are many ways to undermine retirement savings, but these four traps are easy to avoid, says Paul Merriman.
Estate-planning issues when age gap is large

Why Indian stocks are a buy right now
Why Indian stocks are a buy right now
Opinion: Long-awaited economic reforms will propel economic growth for years, writes investment strategist Henry To.

Germany must soften  as France falls apart
Opinion: Building tensions point to a schism among three main members of the EMU, says David Marsh.
Scotland casts a chill on U.K. stocks
Baltics are hidden gems; Lithuania is a jewel
Is it time to borrow euros?


Mobileye is ‘iPhone moment’ for car industry
Analysts kick off coverage of the car-camera maker, saying the tech has the potential to disrupt the auto industry.
Will driverless cars kill drivers’ ed?
Car hacking could become the new carjacking

E-cigarettes hooking more high school kids
Also on rise is number of teens who say they’ll try regular smokes, too.

How to protect against risk after S&P 2,000
Trading Deck: Protect profit from a potential gap down, writes Thomas H. Kee Jr.
V-shaped rebounds have become the norm
Chart that stock bulls don’t want you to see
Bulls in no danger of running off a cliff
 

Fed is feeling political pressure about lack of jobs
Opinion: People are beginning to realize the Fed is the only Washington institution that can help them, writes Darrell Delamaide.

In a leaderless world, capitalists are taking control
Opinion: Paul B. Farrell lays out six stages to a world where the leaders are presidents of a company, not a nation.

Civilization must declare war on radical Islamism
Opinion:
Murder of journalist James Foley should trigger a new international strategy, says Amotz Asa-El.
U.S. preps for surveillance flights over Syria

/conga/frontpage.html 318095
10 biggest health-care influencers
These 10 people are having the greatest impact on health care in America today.
Obamacare rolls back executive pay deductions


How much do tennis players earn compared with other athletes?
How much do tennis pros make vs. other athletes?
From baseball to bowling, a look at how much difference there is between the take-home pay of No.1 and No. 32.

Why 4% is a withdrawal guideline,
not a rule
RetireMentors:
The time-honored withdrawal tool may need adjustment, given portfolio performance and inflation, says Ken Roberts.
To celebrate milestones, boomers leave town
Picking the right annuity is a ‘lifestyle’ choice

Google says sorry for glitch: ‘Oops!’
Some Google searches on Tuesday turned up repeating images of what appeared to be a car crash in Russia.
Google buys Zync, special-effects startup
/conga/today.html 318048

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SmartMoney Blogs

The Tax Blog
The latest news, insights and tips about taxes

Tax Credits - All posts in category Tax Credits

  • Sep 27, 2011
    11:19 AM ET

    The Most Efficient Tax Man’s Tips for Job Seekers

    Weekend Investor’s recent feature, “Write Off Your Job Hunt!” offers a tax guide for the unemployed. It has drawn much reader interest and a few questions.

    iStockPhoto

    For answers we turned to Douglas Stives, a professor at Monmouth University in West Long Branch, N.J. Stives was a full-time CPA for 36 years and still practices part-time in addition to teaching at Monmouth’s business school. He prides himself on making optimum use of tax deductions allowed by Uncle Sam, and last spring he was featured in a WSJ article dubbing him “The Most Tax-Efficient Man.

    Stives agrees with experts cited in the story that often a job hunter’s best hope for maximizing deductions is to set up a Schedule C sole proprietorship and look for part-time as well as full-time work, so that the same deductions work for both.

    Like them, he also stresses that taxpayers must have some income to offset the deductions. “The good news is, you don’t have to have income in the first year, just in three out of five years,” says Stives. “It also helps if you can show that some of the future income was generated by your earlier expenses.”

  • Aug 9, 2011
    12:45 PM ET

    Carried Interest Still Controversial

    The August 6 Tax Report on the controversial “carried interest” issue attracted many comments. Some readers defended the provision’s current generous tax treatment and said changing it could damage the U.S.’s ability to create jobs and compete internationally.

    Getty Images

    “Does America really want to drive away the private equity industry when international competitiveness and international demand for U.S. products is more threatened than ever?” said Bernard Peperstraete of NGN Capital in New York.

    Mark Heesen, president of the National Venture Capital Association, agreed. In a statement to the Wall Street Journal, he said, “Continuing to apply a capital gains tax rate to carried interest earned by venture capitalists who invest long-term to build new companies and create jobs is not only appropriate by definition, but from a public policy perspective it is paramount to U.S. economic recovery as we desperately need to encourage - not discourage – this high growth activity.”

    Others disagreed. An investment manager from Hilton Head, S.C. said, “The carried-interest rules benefit me personally as a manager of investment partnerships. But even I can’t argue that they are sound tax policy.”

    A few readers had technical questions. “Do you think REITs and Master Limited Partnerships would be included in changes on carried interest?” asked one adviser.

    Independent tax analyst Robert Willens said no, because the dividends from most REITs and MLPs are already taxed at ordinary income rates. “They aren’t part of the discussion on carried interest,” he said. Neither has there been talk of changing the capital gains tax rates for timber REITs.

    While some believe all carried interest should be taxed as ordinary income, others suggested a less radical approach. It is to tax the original award of carried interest at ordinary income rates but then allow further appreciation to be taxed as a capital gain.

    Here’s an example: Say that Ted, Joe and Jane form a partnership. Ted and Joe each put in cash in return for an 80% of the profits, while Jane contributes her expertise in return for a 20% share. Jane would be taxed at ordinary income rates on her 20% profit share when she receives it. After that, her future appreciation would be taxed as capital gain.

  • Jun 30, 2011
    10:14 AM ET

    Standard Mileage Rates Increased

    Recently, the Internal Revenue Service announced an increase in standard mileage rates taxpayers can claim for the final six months of 2011. Beginning July 1, the rate for business miles increases to 55.5 cents from 51 cents and to 23.5 cents from 19 cents per mile for medical and moving expenses. The per-mile deduction for charitable expenses remains unchanged, at 14 cents.

    iStockphoto

    “This year’s increased gas prices are having a major impact on individual Americans,” said IRS Commissioner Douglas Shulman, so “the IRS is adjusting the standard mileage rates to better reflect [them].”

    The business standard mileage rate is used by many taxpayers to compute deductible costs of a using a car in a business in lieu of tracking actual costs. The rate is also used as a benchmark by the federal government and many businesses to reimburse employees for mileage.

  • Apr 5, 2011
    3:05 PM ET

    4 Tips From a Tax-Saving Guru

    Wouldn’t it be nice to write off that flight to Hawaii? Or what about the champagne-and-caviar-adorned soirée at Carnegie Hall?  Maybe you can, says Doug Stives, a CPA from Red Bank, N.J., who re-engineered his life in 2006 to become the Most Tax-Efficient Man in America, as Tax Report columnist Laura Saunders writes. Stives shared a couple of practical, tax-saving suggestions with SmartMoney.com.

    Getty Images

    Get on someone’s payroll. Stives had been a partner at an accounting group for nearly four decades when he decided to take on a role as a tax and accounting professor at Monmouth University in central New Jersey. He also started his own consulting business on the side. While his paycheck is now 25% lower than it had been, his take home is nearly 90% as much, says Saunders. Stives estimates that the fringe benefits from working at the university – health insurance, disability insurance, life insurance, pension-plan coverage, unemployment coverage and workmen’s compensation coverage, among others – add up to about $40,000 a year.

    Mix business and pleasure. Usually it’s a No. 1 professional no-no. But combining your work life with your personal life can slim the price tag of otherwise expensive vacations. As a part-time consultant and full-time teacher, Stives travels a considerable amount for seminars and teaching gigs, often to alluring vacation spots like Hawaii and Lake Tahoe. To deduct airfare, you need to spend more than half your working days on business, says Stives. Weekends don’t count, nor do travel days. If Stives leaves for Hawaii on a Friday, works three days mid-week and returns home the following Monday, he’s squeezed a mostly tax deductible 11-day trip out of three working days. (Hotels, meals, and rental cars are only partly deductible.) But make sure you don’t get carried away, he says. It’s a good idea to pay in full for at least some trips you take to show the IRS you don’t deduct everything.

     

  • Mar 24, 2011
    2:45 PM ET

    Why the Homebuyer Credit Didn’t Work

    Do you remember that wonderful federal income tax credit of up to $8,000 that was supposed to jump start the nation’s housing market?

    Getty Images

    Skeptics (like me) thought the homebuyer credit was doomed to failure, and we were right – big-time!

    Two and a half years later, sales in most residential markets are still anemic and prices are still falling.

    The real estate gurus at Case-Shiller expect more bad news: prices could fall another 15%-25%.

    Sadly enough, the pessimists at Case-Shiller have proven to be among the few experts that you should believe anymore. The latest home sales numbers from February give them additional credence. Sales are still falling and so are prices.

    So what went wrong with the vaunted homebuyer credit? Why didn’t it create the ongoing momentum for home sales our Washington politicians claimed it would.

    The answer is simple. When all was said and done, the credit accelerated purchases by people who were already going to buy homes anyway. Once those folks collected their handouts, and the credit expired, there were no buyers in line behind them to keep things rolling. In other words, the government’s cash-for-condos scheme turned out just like the equally ill-conceived cash-for-clunkers program.

    The moral of this story: taking money from the general taxpaying public and dishing it to people who happen to be homebuyers was no way to stimulate the real estate market. In fact, handing out cash to subsidize any particular economic sector won’t work in the long run. Once the subsidies run out, the law of supply and demand kicks back in with a vengeance. So the next time you hear about cash for (fill in the blank), bombard your elected representatives with emails in opposition. If they get a few billion messages, they just might pay attention.

  • Mar 22, 2011
    4:06 PM ET

    Surprise! That Tax Credit May Cost You

    Millions of taxpayers -  many of them seniors – could be in for an unpleasant surprise this April. They may end up owing Uncle Sam because of a snag in the Making Work Pay Credit, according to a Treasury Inspector General for Tax Administration report.  The credit, designed to put more money in your hand (so you’ll spend it) backfired on a number of other groups, too.

    Getty Images

    TIGTA expects the credit to trip up about 13.4 million taxpayers over two years including pensioners, single taxpayers with multiple jobs, married couples with two incomes, workers without valid Social Security numbers (typically nonresident aliens), dependents who work, and some Social Security recipients who work.

    The credit didn’t simply arrive as a check in your mailbox. Rather, your employer advanced the credit by decreasing your withholding so more money showed up in your paycheck. The government designed the credit to stimulate spending and fuel the economy. And that’s where the trouble started.

    IRS’s adjusted withholding tables didn’t take into account the panoply of circumstances that affect withholding and eligibility, says the report. For some, that created a “vulnerability” of being underwithheld. Several taxpayers got the credit when they shouldn’t have. Still others got more of the credit than they were due. Keep in mind, though, that the affected taxpayers may not necessarily see a bill for the exact amount underwithheld. Some could see less of a refund or more of a balance due than expected, says Jackie Perlman, a tax analyst at H&R Block’s Tax Institute.

    For 2009 and 2010, the Making Work Pay Credit is a refundable tax credit of up to $400 for individuals and up to $800 for married taxpayers filing joint returns. (That said, when the IRS compiled new withholding tables, they considered that a taxpayer selecting the married withholding rate could have a working spouse. To help offset the problems that come with underwithholding, the IRS set a maximum reduction for a married person at $600 rather than $800, says Perlman.) The credit phases out at a modified adjusted gross income of $75,000 to $95,000 ($150,000 to $190,000 for joint returns). To qualify, you need earned income, and you can’t be a dependent or nonresident alien.

    Say you’re a working senior who received the Making Work Pay Credit as well as a one-time $250 Economic Recovery Payment—given to disabled recipients of Social Security, among other taxpayers. You’d have to reduce the amount of the Making Work Pay Credit claimed by $250. So if you got a $400 Making Work Pay Credit and the ERP you’d have to whittle down the amount of the credit claimed to $150. Some seniors didn’t know they couldn’t claim the entire credit. And some didn’t know they got the credit in the first place, says Mary Johnson, a Social Security and Medicare policy analyst at the Senior Citizens’ League.

    Though a tax bill could be news to you, the headache is what’s left of a stubborn hangover from 2009. “It’s not new and it’s not a mistake,” says H&R Block’s Perlman. “Misinformation or lack of understanding of how it works” is the cause for some of the some of the unwelcome surprises. A TIGTA survey points to the fact that despite IRS outreach efforts, a majority of affected taxpayers weren’t aware of the effects of the credit or the way they could avoid negative effects of the credit.

  • Mar 21, 2011
    11:35 AM ET

    Redefining “Yours, Mine and Ours”

    Peanuts creator Charles Shultz says love is sharing your popcorn. Sharing community-property income doesn’t have quite the same ring. But same-sex couples in California, Nevada and Washington will need to figure out how to share their nest and everything in it on their Form 1040s. All three states recognize domestic partnerships and, for 2010, will apply so-called community property laws to such couples. The system attributes income and property acquired during marriage equally to both partners, no matter who earned it.  The IRS last year issued guidance recommending that same-sex couples in these states calculate their total community income and split it in half. Sound simple? It’s not.

    Getty Images

    The caveats are as diverse and numerous as the filers themselves. Would splitting one self-employed partner’s income of $200,000 give his unemployed (thus non-earning) partner Social Security credits? Then, suddenly, the two incomes are less than the $106,800 FICA cap. So would the couple have to pay Social Security taxes twice? And how would retirement plans figure into community property? Stock options? Deductions? Credits? The stack of questions grows ever higher.

    One of the most pressing questions is what qualifies as community property. “I’ve talked to a lot of tax-return preparers and even they have a huge number of unanswered questions,” says Patricia Cain, a law professor at Santa Clara Law, who specializes in taxation and estate planning for same-sex couples.

    Publication 555, which explains how community-property rules apply to income tax reporting, instructs filers to split wage income 50-50 on line 7. But “[n]obody I know will report income that way,” says Cain. “If income is earned by one person and allocated to another, can that [second] person call it earned income?” she asks. Cain suspects the answer should be no. “The IRS will connect the wage income from your W-2 with your Social Security number” and see a discrepancy, she says. Cain suggests each partner write his or her own income on line 7 of Form 1040. Next, write half of the community share figure on line 21, which asks filers to list “other income” by type and amount. She says to include your partner’s Social Security number to indicate that this figure is your share of the community income.

  • Mar 8, 2011
    4:54 PM ET

    Online Games Could Create Real Taxes

    Admit it – ever since that first electronic game of solitaire, we’ve been hooked on computer games. The more competitive of us like to play against each other, and there are lots of online sites where we can compete for free or cash. My favorites include WorldWinner.com, Pogo.com, King.com and Games.com. These are places where you don’t get surprise viruses piggybacked on the software.

    Generally, when playing games for money, all you do is spend – paying for the games. Even when you win, you “re-invest” the proceeds into more games. It’s the rare individual who walks away from online games with a net profit for the month.

    Win or lose, U.S.-based online game companies are issuing a 1099-MISC based on your gross winnings. Since there is no real income, you wish they could net the wins and losses.

    Unfortunately, as the law now stands, they can’t. And it’s not hard to generate wins worth several thousand dollars a month, even when your payments into the system are only $50 a session. Why? Each time you win a game, your gross winnings increase. You use your winnings to pay for the next game. If you’re good, that $50 might last a week or even a month. By the end of the day, the week, the month, you will have no money. But you may have reinvested your winnings to the tune of several thousand dollars for that period of play.

  • Mar 3, 2011
    11:31 AM ET

    Looking for More Tax Deductions?

    Your income: It doesn’t seem like the figure should be terribly complicated to calculate. Yet as April approaches we realize that, thanks to our tax system, a number of deductions can manipulate the amount of your taxable income. Depending on your write-offs, for instance, your taxable income could be anywhere from half to almost all of your gross income, says Tax Guy Bill Bischoff.

    The biggest and most common deductions–home mortgage interest, charitable donations, and so on—leap to mind as soon as you get your hands on that Form 1040.  But there are several others, and some will catch you by surprise. Here are a few more that may have slipped below your radar.

    1. Protective Clothing Required at Work. Need to buy your own lab coat? Apron? If you’re required to wear it at work, and the item isn’t provided by your employer, then it’s deductible, says Greg Rosica, tax partner at Ernst & Young and contributing author of the “Ernst & Young Tax Guide.” This deduction even applies to cosmetics and related application tools for makeup artists and beauticians. But don’t get too carried away. Just because your employer requires you wear a suit to work, doesn’t mean the IRS will let you deduct the cost of that Hugo Boss hanging in your closet.  If you’d otherwise wear the item in your everyday life–say to dinner, to church, to visit your mother-in-law–then it doesn’t pass the test, says Rosica.

    2. State and Local Sales Tax. This primarily targets residents of states like Texas, Washington and Florida that don’t have state income taxes. The IRS provides estimated sales-tax tables based on income — but if you bought any big ticket items (say, a car or a boat), you may want to keep track of the items yourself. Lawmakers extended this deduction for 2010 and 2011.

  • Feb 25, 2011
    11:45 PM ET

    New Deduction for Medicare Premiums

    Sole proprietors, partners, limited liability company (LLC) members, and S corporation shareholders can deduct qualified health insurance premiums paid to cover themselves and family members. This is the so-called self-employed health insurance deduction.

    For 2010, you claim it on Line 29 on Page 1 of Form 1040. Because it’s an above-the-line deduction (meaning a deduction claimed on Page 1), you don’t have to itemize to benefit.

    Medicare Part B Premiums Suddenly Count as Qualified Expenses

    Getty Images

    For years, the IRS had taken the position that Medicare Part B premiums did not count as qualified health insurance premiums. This was bad news if you are an older small business owner because your Medicare Part B premiums for 2010 could range from about $1,300 to over $4,200, depending on your income. If you are married, your spouse’s premiums could be in the same range. So we can be talking about major bucks.

     

    Now for the good news: with no fanfare, the IRS suddenly reversed course on the Medicare Part B premium issue. We know this because the 2010 instructions for Line 29 of Form 1040 explicitly allow you to include Medicare Part B premiums in your health insurance costs for purposes of the self-employed health insurance deduction.

    Make sure you (or your tax preparer) take the new taxpayer-friendly IRS attitude into account when putting together your 2010 return. The additional Line 29 write-off could lower your federal income tax bill by hundreds of dollars or more.

About Tax

  • The Tax Blog brings together a team of award-winning tax journalists from the Dow Jones network and around the web to examine the tax issues, changes and legislation that affect families, investors and small business owners. Our contributors include Tax Report columnist Laura Saunders (WSJ), Tax Guy columnist Bill Bischoff and senior reporter Jilian Mincer (SmartMoney.com), retirement-focused reporter Anne Tergesen (WSJ), wealth management writer Arden Dale (Dow Jones Newswires), TaxWatch columnist Eva Rosenberg and personal finance reporter Andrea Coombes (MarketWatch), and reporter Alyssa Abkowitz (SmartMoney). They’ll provide the latest news and insight, mine the tax code for tips and loopholes, and answer your questions about tricky tax situations. Contact the The Tax Blog with ideas, suggestions or tax questions at thetaxblog@dowjones.com.

MarketWatch - Stock Market Quotes, Business News, Financial News
Bulletin
Investor Alert

New York Markets Close in:

Asia remains the diamond in Tiffany’s jewelry box
Tiffany.cn
Stores in Greater China nearly outsell those in Japan, and demand won't ease any time soon.

Zara pulls ‘concentration camp’ pajamas off market
Zara controversy: Yellow star on kids' pajamas meant to represent a sheriff's badge in the American West, Spanish-based retailer says. Social media links design motif with Nazi concentration-camp uniforms.  Zara
Spanish fast-fashion retailer says yellow star was meant to evoke badge of an Old West sheriff.

Michaels’ shares are painting a pretty picture
Employee Nikki Bush stocks acrylic paint at a Michaels Stores Inc. location in Cincinnati, Ohio, U.S., on Monday, Dec. 9, 2013. Michaels Stores Inc. offers arts, crafts, scrapbooking, floral, framing, home decor, seasonal offerings, and children's hobbies, as well as provides photo frames, ready-made frames, art prints, framed arts, art supplies, and custom framing services. Photographer: Luke Sharrett/Bloomberg *** Local Caption *** Nikki BushMichaels Sales Associate Nikki Bush stocks acrylic pain at a Michaels craft store in Cincinnati, Ohio, U.S. on Monday, Dec. 9, 2013. Luke Sharrett for Bloomberg  Bloomberg
After a disappointing start as a public company, craft-chain shares are playing catch-up.

The most hated car company in America is ...
 Shutterstock
Customer satisfaction has hit a five-year low, whether it's with U.S. or foreign cars.
Guess who owns the world’s only purple Tesla?
Google car may mean cheaper car insurance

Passive investing will keep gaining ground: Vanguard
Vanguard analyst: Swing to passive investing isn't over yet
Analyst at Vanguard discusseswhether pendulum could swing back to favor the stock pickers.
Passive investing is now the mainstream

Forget bedbugs — these bugs are bigger worries
 Terminix
There are more hazardous to your health and home than bedbugs, experts say.
10 businesses profiting from germaphobia
Scientists seek to map bedbug genome

Smith & Wesson sales cool as gun-control fears wane
Smith & Wesson handguns are displayed at the Smith & Wesson Academy in Springfield, Massachusetts, Friday, August 18, 2006.  Smith & Wesson Holding Corp., fresh from winning military contracts in Afghanistan, now wants a bigger prize back home: an Army deal worth as much as $500 million that would be its biggest defense order ever. Photographer: JB Reed/Bloomberg News. Smith & Wesson handguns on display at the Smith  & Wesson Academy in Springfield, Massachusetts Friday, August 18th. Smith & Wesson Holding Corp., fresh off winning its first military sale in 15 years, has its sights on a bigger prize now: an Army contract worth as much as $500 million that would be its biggest defense order ever. PHOTOGRAPHER: JB REED  Bloomberg News
First Take: Many consumers appear to quit buying weapons as fear that their availability will be curtailed abates, writes Steve Goldstein.
10 things the gun industry won’t tell you

Why Ferguson, Mo., matters for investors
 David Weidner/MarketWatch
Opinion: The friction between protesters and police in this St. Louis suburb is also about economic opportunity, writes David Weidner.
Who wants to invest in Ferguson, Mo., now?
The Ferguson, Mo., you don’t know

10 good things you don’t know about Ferguson
Ferguson and money: Where did the banks go?
Ferguson’s rage has roots in China, Mexico

No more living on the wrong side of the tracks
Renters and homeowners now cluster together Bloomberg
Since the real-estate bust, renters and owners now more clustered together, a survey shows.
Michael Sincere: Housing market is falling apart
City-by-city look at home prices: Slowing in S.F.
Underwater mortgages hit property market
China’s housing plunge sparks violent clashes
NEED TO KNOW
Russia plans to halt gas flow to EU: Ukraine
H-P surpasses IBM as No. 1 in server sales
Taiwan’s Apple plays lead Asian stock gains
Ireland’s Ryanair among gains in Europe
5 apps for spying on a spouse

Sam Eisenstadt, who devised Value Line's much-admired stock-selection system, at home with his wife, Edith.
Famed market timer is gearing up for S&P 2,150
Insight: Mark Hulbert looks at the latest from Sam Eisenstadt, one of the best at calling the market.
What S&P did last 2 times the Fed started hiking
Who’ll raise rates first: Fed or Bank of England?
Don’t ignore the ‘buts’ in Draghi hints at QE
French leader keeps up pressure on ECB to act

Big U.S. banks prepare to make even more money
Analysis: A rise in interest rates will help them earn billions more, writes Phil van Doorn.

CBO sees $506 billion deficit in 2014
Congressional Budget Office raises its forecast by $14 billion.

California kill switch law seen going national
Manufacturers are expected to make anti-theft technology a default setting in all mobile phones.

Time Warner Cable back up after outage
Cable operator calls Internet, on-demand services largely restored.
These companies won big at the Emmys

Joe Biden beating the drums at secret fundraisers
Joe Biden heads to secret fundraisers
Joe Biden beats the drums at secret fundraisers, plus the farm bill as campaign fodder.
‘Iron is hot’ to act on tax inversions, Levin says

Paul Merriman: Four traps wrecking your retirement
Four traps wrecking your retirement
There are many ways to undermine retirement savings, but these four traps are easy to avoid, says Paul Merriman.
Estate-planning issues when age gap is large

Why Indian stocks are a buy right now
Why Indian stocks are a buy right now
Opinion: Long-awaited economic reforms will propel economic growth for years, writes investment strategist Henry To.

Germany must soften  as France falls apart
Opinion: Building tensions point to a schism among three main members of the EMU, says David Marsh.
Scotland casts a chill on U.K. stocks
Baltics are hidden gems; Lithuania is a jewel
Is it time to borrow euros?


Mobileye is ‘iPhone moment’ for car industry
Analysts kick off coverage of the car-camera maker, saying the tech has the potential to disrupt the auto industry.
Will driverless cars kill drivers’ ed?
Car hacking could become the new carjacking

E-cigarettes hooking more high school kids
Also on rise is number of teens who say they’ll try regular smokes, too.

How to protect against risk after S&P 2,000
Trading Deck: Protect profit from a potential gap down, writes Thomas H. Kee Jr.
V-shaped rebounds have become the norm
Chart that stock bulls don’t want you to see
Bulls in no danger of running off a cliff
 

Fed is feeling political pressure about lack of jobs
Opinion: People are beginning to realize the Fed is the only Washington institution that can help them, writes Darrell Delamaide.

In a leaderless world, capitalists are taking control
Opinion: Paul B. Farrell lays out six stages to a world where the leaders are presidents of a company, not a nation.

Civilization must declare war on radical Islamism
Opinion:
Murder of journalist James Foley should trigger a new international strategy, says Amotz Asa-El.
U.S. preps for surveillance flights over Syria

/conga/frontpage.html 318094
10 biggest health-care influencers
These 10 people are having the greatest impact on health care in America today.
Obamacare rolls back executive pay deductions


How much do tennis players earn compared with other athletes?
How much do tennis pros make vs. other athletes?
From baseball to bowling, a look at how much difference there is between the take-home pay of No.1 and No. 32.

Why 4% is a withdrawal guideline,
not a rule
RetireMentors:
The time-honored withdrawal tool may need adjustment, given portfolio performance and inflation, says Ken Roberts.
To celebrate milestones, boomers leave town
Picking the right annuity is a ‘lifestyle’ choice

Google says sorry for glitch: ‘Oops!’
Some Google searches on Tuesday turned up repeating images of what appeared to be a car crash in Russia.
Google buys Zync, special-effects startup
/conga/today.html 318048

Markets »

24.66MDow Volume:
Avg Vol: 79.05M
Unchanged
238
Decliners
2983
Advancers
3157
Price Chg %Chg 1 Day
Range: 1 Day
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  • 1 Month
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Dow
/quotes/zigman/627449/realtime 17,123 +16 0.09%
Nasdaq
/quotes/zigman/12633936/realtime 4,573 +3 0.06%
S&P 500
/quotes/zigman/3870025/realtime 2,000 +0 0.01%
GlobalDow
/quotes/zigman/629063/realtime 2,630 +4 0.14%
Gold
/quotes/zigman/635641/delayed 1,284 -1 0.09%
Oil
/quotes/zigman/2196857/delayed 93.76 -0.10 0.11%
FTSE 100
/quotes/zigman/3173262/delayed 6,831 +8 0.12%
DAX
/quotes/zigman/2380246/delayed 9,570 -18 0.19%
CAC 40
/quotes/zigman/3173214/delayed 4,395 +2 0.04%
FTSE MIB
/quotes/zigman/1482176/delayed 20,763 +118 0.57%
IBEX 35
/quotes/zigman/2759620/delayed 10,837 +11 0.10%
Stoxx 600
/quotes/zigman/2380150/delayed 343 +0 0.11%
Asia Dow
/quotes/zigman/6959860/realtime 3,319 +6 0.18%
Nikkei 225
/quotes/zigman/5986735/delayed 15,535 +14 0.09%
Hang Seng
/quotes/zigman/2622475/delayed 24,919 -156 0.62%
Shanghai
/quotes/zigman/1859015/delayed 2,209 +2 0.11%
Sensex
/quotes/zigman/1652085/delayed 26,560 +117 0.44%
Singapore
/quotes/zigman/1709939/delayed 3,341 +18 0.55%
Euro
/quotes/zigman/4867933/realtime/sampled 1.32 +0.00 0.21%
Yen
/quotes/zigman/4868099/realtime/sampled 103.96 -0.11 0.11%
Pound
/quotes/zigman/4867886/realtime/sampled 1.66 +0.00 0.23%
Australia$
/quotes/zigman/4867876/realtime/sampled 0.93 +0.00 0.34%
DXY Index
/quotes/zigman/1652083/delayed 82.45 -0.23 0.28%
WSJ $ Idx
/quotes/zigman/9625991/realtime 74.55 -0.18 0.24%
U.S. 10yr
/quotes/zigman/15866666/realtime 2.37 -0.03 1.18%
German 10y
/quotes/zigman/15866409/realtime 0.91 -0.02 2.61%
Italy 10yr
/quotes/zigman/15866497/realtime 2.39 -0.03 1.38%
Spain 10yr
/quotes/zigman/15866444/realtime 2.14 -0.04 1.84%
U.K. 10yr
/quotes/zigman/15866328/realtime 2.26 -0.08 3.28%
Japan 10yr
/quotes/zigman/15866525/realtime 0.49 -0.01 1.16%
Crude Oil
94 0 0.11%
Gold
1,284 -1 0.09%
Corn
/quotes/zigman/3098927/delayed 365 -1 0.14%
DJIA F
/quotes/zigman/21588489/delayed 17,103 +6 0.04%
S&P F
/quotes/zigman/20258909/delayed 1,997 -1 0.06%
Silver
/quotes/zigman/635603/delayed 19 +0 0.11%

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BAC /quotes/nls/bac 16.23 -0.11 -0.64%
C /quotes/nls/c 51.86 -0.27 -0.52%
F /quotes/nls/f 17.40 0.21 1.22%
T /quotes/nls/t 34.70 0.20 0.58%
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5 yr CD
1.4%
2 yr CD
0.9%
1 yr CD
0.7%
MMA $10K+
0.3%
MMA $50K+
0.6%

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You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 10.37% 10.37% 10.33%
Balance Transfer 12.73% 12.64% 12.66%
Business 12.80% 12.80% 12.98%
Student 13.27% 13.27% 13.27%
Cash Back 14.94% 14.91% 14.84%
Reward 15.04% 15.00% 14.97%
Airline 15.46% 15.46% 15.30%
Bad Credit 22.73% 22.73% 22.73%
Instant Approval 28.00% 28.00% 28.00%
Source:CreditCards.com
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MarketWatch - Stock Market Quotes, Business News, Financial News
Bulletin
Investor Alert

New York Markets Close in:

Asia remains the diamond in Tiffany’s jewelry box
Tiffany.cn
Stores in Greater China nearly outsell those in Japan, and demand won't ease any time soon.

Zara pulls ‘concentration camp’ pajamas off market
Zara controversy: Yellow star on kids' pajamas meant to represent a sheriff's badge in the American West, Spanish-based retailer says. Social media links design motif with Nazi concentration-camp uniforms.  Zara
Spanish fast-fashion retailer says yellow star was meant to evoke badge of an Old West sheriff.

Michaels’ shares are painting a pretty picture
Employee Nikki Bush stocks acrylic paint at a Michaels Stores Inc. location in Cincinnati, Ohio, U.S., on Monday, Dec. 9, 2013. Michaels Stores Inc. offers arts, crafts, scrapbooking, floral, framing, home decor, seasonal offerings, and children's hobbies, as well as provides photo frames, ready-made frames, art prints, framed arts, art supplies, and custom framing services. Photographer: Luke Sharrett/Bloomberg *** Local Caption *** Nikki BushMichaels Sales Associate Nikki Bush stocks acrylic pain at a Michaels craft store in Cincinnati, Ohio, U.S. on Monday, Dec. 9, 2013. Luke Sharrett for Bloomberg  Bloomberg
After a disappointing start as a public company, craft-chain shares are playing catch-up.

The most hated car company in America is ...
 Shutterstock
Customer satisfaction has hit a five-year low, whether it's with U.S. or foreign cars.
Guess who owns the world’s only purple Tesla?
Google car may mean cheaper car insurance

Passive investing will keep gaining ground: Vanguard
Vanguard analyst: Swing to passive investing isn't over yet
Analyst at Vanguard discusseswhether pendulum could swing back to favor the stock pickers.
Passive investing is now the mainstream

Forget bedbugs — these bugs are bigger worries
 Terminix
There are more hazardous to your health and home than bedbugs, experts say.
10 businesses profiting from germaphobia
Scientists seek to map bedbug genome

Smith & Wesson sales cool as gun-control fears wane
Smith & Wesson handguns are displayed at the Smith & Wesson Academy in Springfield, Massachusetts, Friday, August 18, 2006.  Smith & Wesson Holding Corp., fresh from winning military contracts in Afghanistan, now wants a bigger prize back home: an Army deal worth as much as $500 million that would be its biggest defense order ever. Photographer: JB Reed/Bloomberg News. Smith & Wesson handguns on display at the Smith  & Wesson Academy in Springfield, Massachusetts Friday, August 18th. Smith & Wesson Holding Corp., fresh off winning its first military sale in 15 years, has its sights on a bigger prize now: an Army contract worth as much as $500 million that would be its biggest defense order ever. PHOTOGRAPHER: JB REED  Bloomberg News
First Take: Many consumers appear to quit buying weapons as fear that their availability will be curtailed abates, writes Steve Goldstein.
10 things the gun industry won’t tell you

Why Ferguson, Mo., matters for investors
 David Weidner/MarketWatch
Opinion: The friction between protesters and police in this St. Louis suburb is also about economic opportunity, writes David Weidner.
Who wants to invest in Ferguson, Mo., now?
The Ferguson, Mo., you don’t know

10 good things you don’t know about Ferguson
Ferguson and money: Where did the banks go?
Ferguson’s rage has roots in China, Mexico

No more living on the wrong side of the tracks
Renters and homeowners now cluster together Bloomberg
Since the real-estate bust, renters and owners now more clustered together, a survey shows.
Michael Sincere: Housing market is falling apart
City-by-city look at home prices: Slowing in S.F.
Underwater mortgages hit property market
China’s housing plunge sparks violent clashes
NEED TO KNOW
Russia plans to halt gas flow to EU: Ukraine
H-P surpasses IBM as No. 1 in server sales
Taiwan’s Apple plays lead Asian stock gains
Ireland’s Ryanair among gains in Europe
5 apps for spying on a spouse

Sam Eisenstadt, who devised Value Line's much-admired stock-selection system, at home with his wife, Edith.
Famed market timer is gearing up for S&P 2,150
Insight: Mark Hulbert looks at the latest from Sam Eisenstadt, one of the best at calling the market.
What S&P did last 2 times the Fed started hiking
Who’ll raise rates first: Fed or Bank of England?
Don’t ignore the ‘buts’ in Draghi hints at QE
French leader keeps up pressure on ECB to act

Big U.S. banks prepare to make even more money
Analysis: A rise in interest rates will help them earn billions more, writes Phil van Doorn.

CBO sees $506 billion deficit in 2014
Congressional Budget Office raises its forecast by $14 billion.

California kill switch law seen going national
Manufacturers are expected to make anti-theft technology a default setting in all mobile phones.

Employees prepare lunch orders at a Chipotle Mexican Grill restaurant at Madison Square Park in New York, U.S., on Wednesday, Jan. 29, 2014. Chipotle Mexican Grill Inc. is expected to release earnings figures on Jan. 30. Photographer: Craig Warga/BloombergLunchtime activites at Chipotle Mexican Grill's Madison Square Park Location in New York, U.S., on Wednesday, Jan. 29, 2014. Photographer: Craig Warga/Bloomberg *** Local Caption ***
Could McDonald’s reel in Chipotle?
Burger giant may rue the day it gave up controlling stake in the fast-growing burrito chain (24/7 Wall St.).
Should you pull a ‘Burger King’ to cut tax bill?

Time Warner Cable back up after outage
Cable operator calls Internet, on-demand services largely restored.
These companies won big at the Emmys

Joe Biden beating the drums at secret fundraisers
Joe Biden heads to secret fundraisers
Joe Biden beats the drums at secret fundraisers, plus the farm bill as campaign fodder.
‘Iron is hot’ to act on tax inversions, Levin says

Paul Merriman: Four traps wrecking your retirement
Four traps wrecking your retirement
There are many ways to undermine retirement savings, but these four traps are easy to avoid, says Paul Merriman.
Estate-planning issues when age gap is large

Why Indian stocks are a buy right now
Why Indian stocks are a buy right now
Opinion: Long-awaited economic reforms will propel economic growth for years, writes investment strategist Henry To.

Germany must soften  as France falls apart
Opinion: Building tensions point to a schism among three main members of the EMU, says David Marsh.
Scotland casts a chill on U.K. stocks
Baltics are hidden gems; Lithuania is a jewel
Is it time to borrow euros?


Mobileye is ‘iPhone moment’ for car industry
Analysts kick off coverage of the car-camera maker, saying the tech has the potential to disrupt the auto industry.
Will driverless cars kill drivers’ ed?
Car hacking could become the new carjacking

E-cigarettes hooking more high school kids
Also on rise is number of teens who say they’ll try regular smokes, too.

How to protect against risk after S&P 2,000
Trading Deck: Protect profit from a potential gap down, writes Thomas H. Kee Jr.
V-shaped rebounds have become the norm
Chart that stock bulls don’t want you to see
Bulls in no danger of running off a cliff
 

Fed is feeling political pressure about lack of jobs
Opinion: People are beginning to realize the Fed is the only Washington institution that can help them, writes Darrell Delamaide.

In a leaderless world, capitalists are taking control
Opinion: Paul B. Farrell lays out six stages to a world where the leaders are presidents of a company, not a nation.

Civilization must declare war on radical Islamism
Opinion:
Murder of journalist James Foley should trigger a new international strategy, says Amotz Asa-El.
U.S. preps for surveillance flights over Syria

/conga/frontpage.html 318095
10 biggest health-care influencers
These 10 people are having the greatest impact on health care in America today.
Obamacare rolls back executive pay deductions


How much do tennis players earn compared with other athletes?
How much do tennis pros make vs. other athletes?
From baseball to bowling, a look at how much difference there is between the take-home pay of No.1 and No. 32.

Why 4% is a withdrawal guideline,
not a rule
RetireMentors:
The time-honored withdrawal tool may need adjustment, given portfolio performance and inflation, says Ken Roberts.
To celebrate milestones, boomers leave town
Picking the right annuity is a ‘lifestyle’ choice

Google says sorry for glitch: ‘Oops!’
Some Google searches on Tuesday turned up repeating images of what appeared to be a car crash in Russia.
Google buys Zync, special-effects startup
/conga/today.html 318048

Markets »

27.13MDow Volume:
Avg Vol: 79.05M
Unchanged
233
Decliners
3063
Advancers
3104
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 17,115 +8 0.05%
Nasdaq
/quotes/zigman/12633936/realtime 4,570 -1 0.02%
S&P 500
/quotes/zigman/3870025/realtime 1,999 -1 0.05%
GlobalDow
/quotes/zigman/629063/realtime 2,629 +3 0.13%
Gold
/quotes/zigman/635641/delayed 1,283 -2 0.19%
Oil
/quotes/zigman/2196857/delayed 93.83 -0.03 0.03%
FTSE 100
/quotes/zigman/3173262/delayed 6,831 +8 0.12%
DAX
/quotes/zigman/2380246/delayed 9,570 -18 0.19%
CAC 40
/quotes/zigman/3173214/delayed 4,395 +2 0.04%
FTSE MIB
/quotes/zigman/1482176/delayed 20,763 +118 0.57%
IBEX 35
/quotes/zigman/2759620/delayed 10,837 +11 0.10%
Stoxx 600
/quotes/zigman/2380150/delayed 343 +0 0.11%
Asia Dow
/quotes/zigman/6959860/realtime 3,319 +6 0.18%
Nikkei 225
/quotes/zigman/5986735/delayed 15,535 +14 0.09%
Hang Seng
/quotes/zigman/2622475/delayed 24,919 -156 0.62%
Shanghai
/quotes/zigman/1859015/delayed 2,209 +2 0.11%
Sensex
/quotes/zigman/1652085/delayed 26,560 +117 0.44%
Singapore
/quotes/zigman/1709939/delayed 3,341 +18 0.55%
Euro
/quotes/zigman/4867933/realtime/sampled 1.32 +0.00 0.21%
Yen
/quotes/zigman/4868099/realtime/sampled 103.91 -0.16 0.15%
Pound
/quotes/zigman/4867886/realtime/sampled 1.66 +0.00 0.25%
Australia$
/quotes/zigman/4867876/realtime/sampled 0.93 +0.00 0.34%
DXY Index
/quotes/zigman/1652083/delayed 82.44 -0.24 0.29%
WSJ $ Idx
/quotes/zigman/9625991/realtime 74.54 -0.19 0.25%
U.S. 10yr
/quotes/zigman/15866666/realtime 2.36 -0.03 1.41%
German 10y
/quotes/zigman/15866409/realtime 0.91 -0.02 2.61%
Italy 10yr
/quotes/zigman/15866497/realtime 2.39 -0.03 1.38%
Spain 10yr
/quotes/zigman/15866444/realtime 2.14 -0.04 1.84%
U.K. 10yr
/quotes/zigman/15866328/realtime 2.26 -0.08 3.28%
Japan 10yr
/quotes/zigman/15866525/realtime 0.49 -0.01 1.16%
Crude Oil
94 0 0.03%
Gold
1,283 -2 0.19%
Corn
/quotes/zigman/3098927/delayed 365 0 0.00%
DJIA F
/quotes/zigman/21588489/delayed 17,093 -4 0.02%
S&P F
/quotes/zigman/20258909/delayed 1,996 -2 0.11%
Silver
/quotes/zigman/635603/delayed 19 0 0.07%

Quotes

Symbol Price Change % Change
FB /quotes/nls/fb 74.85 -1.11 -1.46%
AAPL /quotes/nls/aapl 102.24 1.35 1.34%
GOOG /quotes/nls/goog 573.02 -4.84 -0.84%
BAC /quotes/nls/bac 16.18 -0.16 -0.95%
C /quotes/nls/c 51.79 -0.34 -0.65%
F /quotes/nls/f 17.37 0.18 1.02%
T /quotes/nls/t 34.71 0.21 0.59%
BP /quotes/nls/bp 48.44 0.26 0.54%
GE /quotes/nls/ge 26.12 0.11 0.42%
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Rates »

5 yr CD
1.4%
2 yr CD
0.9%
1 yr CD
0.7%
MMA $10K+
0.3%
MMA $50K+
0.6%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 10.37% 10.37% 10.33%
Balance Transfer 12.73% 12.64% 12.66%
Business 12.80% 12.80% 12.98%
Student 13.27% 13.27% 13.27%
Cash Back 14.94% 14.91% 14.84%
Reward 15.04% 15.00% 14.97%
Airline 15.46% 15.46% 15.30%
Bad Credit 22.73% 22.73% 22.73%
Instant Approval 28.00% 28.00% 28.00%
Source:CreditCards.com
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