Our PureVest Weekly Roundup looked at the 2023 Cost Of Living Adjustment for social security, which will be the largest in 40 years. As JP Morgan topped estimates, financial companies kicked off Q3 earnings season this week. The September read on consumer inflation was released on Thursday and remained higher than expected. In specific stock news, Netflix announced details on their cheaper ad-supported subscription, which will be available next month; Apple and Goldman Sachs announced a partnership to offer a high-yielding savings account. We included two articles on charitable contributions and how they can reduce your annual tax liability. Enjoy the light reading, and have a great weekend!
Markets & Economy:
Social Security cost-of-living adjustment will be 8.7% in 2023, highest increase in 40 years
source:www.cnbc.com
JPMorgan Chase tops estimates as bank reaps more interest income than expected after jump in rates
source:www.cnbc.com
Inflation eased to 8.2% but remained high in September, CPI report shows
source:www.usatoday.com
What Will Q3 2022 Earnings Look Like?
source:www.fa-mag.com
Netflix to Launch Ads on a Cheaper Plan Starting Next Month
source: www.cnet.com
Apple, Goldman Sachs introduce interest-bearing savings accounts as rates rise
source: www.cnbc.com
Education:
How do I take a qualified charitable distribution (QCD)?
source: www.vanguard.com
The IRS Encourages Taxpayers to Consider Charitable Contributions
source: www.irs.gov
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