Do plunging bond yields reflect good news for the economy? The author of Axios Markets describes how reports of a soft landing may affect the markets. • The 2023 Gift Tax Exclusion can save you money. If you know your limits, you can avoid paying taxes on gifts of money or property, as Rocky Mengle explains for Kiplinger. • LastPass was hacked. Hackers stole sensitive LastPass data, including password vaults for every user, gravely endangering the security of their online lives. Ben Demers of Kiplinger advises LastPass customers on what they need to do now.
Bond Market Sees Stronger Case For Soft Landing — Plunging stock yields last week perked up the stock market which notched its best day so far this year. The S&P 500 rose 2.3%, driving the index to a tidy gain of 1.5% for the week. The government bonds yields dropped as reports suggested that the sought-after soft landing for the economy may be a possibility. It would allow the Fed to ease up on the interest rate hikes that crushed the stock and bond markets last year. Read more…
What’s The Gift Tax Exclusion For 2023? — Thanks to the gift tax exclusion (a.k.a., the gift tax limit or gift tax exemption), you can give money or property each year to family members, friends, and others without having to pay any federal gift tax or even file a gift tax return. Read more…
Massive LastPass Hack Affects 30 Million Users. Is Your Data at Risk? — All 30 million LastPass users with data stored on the company servers as of August 2022, are at risk. Here’s how you can protect your online life. Read more…
John R. Day, Bill Ennis, and Matt Heller