Hi, everyone. For this Tuesday, we hear a big announcement from Facebook about their cryptocurrency called ‘Libra.’ In economic news, we take a look at the treasury department’s recommendation for mandatory financial literacy courses in colleges. India hits the U.S. with more tariffs. And former D.C. United Soccer legend Freddy Adu talks about how he continues to make an impact on others, well after his professional career. And if you find yourself being impacted by Capital-Gain taxes, be sure to read up on what you need to know about them.
Facebook is unveiling an ambitious plan to create a new digital currency and financial system to transform the way money moves around the world, and not just on its own apps.
Colleges should provide lessons in mandatory financial literacy courses and financial-aid letters that itemize attendance costs, according to a new report from a federal government commission.
The tariffs on 28 US products, announced on Saturday by India’s Finance Ministry, went into effect Sunday. The goods targeted include American apples — which will be hit with a 70% tariff — as well as almonds, lentils and several chemical products.
One Friday evening late last month, after the rain had come and gone, Freddy Adu drove his black Cadillac sedan into a parking lot in the Locust Point neighborhood of South Baltimore. He walked to a field where some 13-year-old boys in red and white jerseys were kicking around a soccer ball. “There’s Freddy,” one of them said. “Hey, Freddy!”
By tax-law standards, the rules on capital-gains taxes may appear fairly straightforward, especially for taxpayers who qualify for a zero-percent rate.