As the federal tax deadline approaches, individuals still have opportunities to reduce their tax bill or increase their refund. One option is to make a pretax contribution to an individual retirement account (IRA). This contribution can help lower adjusted gross income, especially for those who have not maximized their contributions to workplace retirement plans. With
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In a recent survey conducted by job site Monster, a staggering 95% of Americans expressed their intent to find a new job within the year. The primary motivation behind this desire? Money, as 45% of respondents stated that they are in search of a higher income. Data from the Federal Reserve further supports this notion,
Huawei, the Chinese telecommunications giant, stunned the industry with its exceptional performance in 2023. The company reported a remarkable increase in net profit, more than doubling its previous record. This growth can be attributed to the company’s strategic investments in better product offerings. With a revenue growth of 9.6% year-on-year to 704.2 billion yuan ($99.18
As Tiffany Mane commuted to work, she found herself engrossed in the “Financial Feminist” book by Tori Dunlap. The growing popularity of Dunlap’s financial wisdom is evident in the community of women and marginalized groups who share her resources to improve their financial lives. Historically, finance has been seen as a man’s responsibility, leading to
Toyota Motor is currently exploring the possibility of expanding its U.S. truck lineup to include all-electric or plug-in hybrid electric versions of its popular Tacoma and Tundra pickups. Jack Hollis, executive vice president of Toyota Motor North America, stated that the company is carefully evaluating the demand from customers and the changing federal emissions and
Rent prices for one- and two-bedroom apartments across the United States saw a slight increase in March after six months of stagnation. According to a report by Zumper, a real estate data site, the average cost for a one-bedroom apartment rose by 0.3% to $1,487, while a typical two-bedroom apartment saw a 0.5% increase to
The wealth of the top 1% hit a record $44.6 trillion at the end of the fourth quarter, driven by an end-of-year stock rally. This group, defined by the Federal Reserve as those with wealth over $11 million, saw their total net worth increase by $2 trillion. The gains were primarily from their stock holdings,
The recent announcement by the Social Security Administration regarding the final rule to prevent food assistance from affecting payments to certain beneficiaries is set to bring about significant changes. The Supplemental Security Income (SSI) scheme caters to disabled adults and children, as well as those who are blind or aged 65 and above, with little
Chinese smartphone giant Xiaomi has made headlines by announcing the launch of its first electric car, the SU7, at a significantly lower price point than Tesla’s Model 3. The move signifies an entry into China’s highly competitive electric car market, where price wars are intensifying among various companies. Xiaomi CEO Lei Jun revealed that the
In its fiscal second quarter earnings report, Walgreens managed to surpass Wall Street’s sales expectations but made some downward adjustments to its full-year adjusted earnings outlook. This revision was attributed in part to a challenging retail environment prevalent in the U.S. retail sector. The company also disclosed that it absorbed a substantial net loss for