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Author Archives: tfitzpatrick

White House considering tax incentive for more Americans to buy stocks, sources say

The proposal, one of many new tax cuts under consideration, would see a portion of household income treated as tax-free for the purposes of investing outside a traditional 401(k). Under one hypothetical scenario described by multiple officials, a household earning up to $200,000 could invest $10,000 of that income on a tax-free basis, although officials noted these numbers are fluid.  

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Facebook reverses on paid influencers after Bloomberg memes

Facebook has decided to let political campaigns pay online influencers to spread their messages, a practice that had sidestepped many of the social network’s rules governing political ads. Friday’s policy reversal highlights difficulties tech companies and regulators have in keeping up with the changing nature of paid political messages. Continue reading.

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Feds to track how private medicare info gets to marketers

An official with the Health and Human Services inspector general's office told The Associated Press the audit will be announced next week. It would follow a narrower probe which found that an electronic system designed for pharmacies to verify Medicare coverage was being used for searches that appeared to have nothing to do with filling prescriptions. The official spoke on condition of anonymity ahead of a formal announcement.

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Pa. manufacturers cautious as coronavirus spreads

With ongoing production and supply chain shutdowns there due to the coronavirus, now officially named COVID19 by the World Health Organization, any company that has manufacturing facilities in China, or purchases vital components from that part of the world, could be impacted by the disease’s spread.

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