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BofA Sees Customer Gas Spending Jump 16%, But Discretionary Spending Holds Up
BofA Sees Customer Gas Spending Jump 16%, But Discretionary Spending Holds Up
The national average for 87-octane gasoline has remained above the politically sensitive $4-a-gallon level for two straight weeks after the largest monthly jump in AAA data going back two decades. The fuel shock has Wall Street analysts focused on whether surging pump prices will begin crowding out discretionary spending.
Bank of America CFO Alastair Borthwick told analysts on a conference call earlier today that the fuel shock at the pump has not undermined overall consumer strength so far, though...
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How Much Money Should You Convert To A Roth Each Year?
How Much Money Should You Convert To A Roth Each Year?
Authored by Javier Simon via The Epoch Times,
A Roth conversion allows you to turn funds in a traditional IRA into a Roth IRA. As a result, you get to enjoy qualified tax-free withdrawals in retirement. And you avoid the required minimum distributions (RMDs) that may trigger major tax consequences for retirees.
Roth conversions can deliver major tax benefits, but knowing how much to convert is crucial. Jack_the_sparow/shutterstock
However, a Roth conversion can also set off surprise tax bombs if you convert...
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Sep 25, 2026 / Tyler Durden
Zelensky Claims 'Final Decision' Made To Let Ukraine Build Patriots, After Trump Reversed Pledge
Zelensky Claims 'Final Decision' Made To Let Ukraine Build Patriots, After Trump Reversed Pledge
Back in July President Trump strongly signaled that he was greenlighting the ability of Ukraine to produce its own patriot anti-air defense missiles. Trump declared in the context of a Turkey-hosted NATO summit that Washington would give Ukraine "the right to make Patriots" - after Zelensky had been relentless in his requests, framing it as urgent and for the protection of cities and civilians.
But since then there's been denials and ambiguity surrounding the pledge. President Trump had...
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