The market is currently in the process of rebounding from the selloff that occurred on Friday. This rebound is fueled by a pullback in oil prices, driven by hopes that the conflict in the Middle East will not escalate further following Iran’s recent attacks on Israel. Despite a slight increase in consumer inflation, retail sales
The landscape of tax audits is shifting, with state tax collectors ramping up their efforts to target high earners. In New York alone, there were a staggering 771,000 audits in 2022, representing a significant 56% increase from the previous year. Surprisingly, this uptick in audits comes at a time when the number of auditors in
UnitedHealth Group’s upcoming first-quarter earnings call will be closely watched by investors and analysts alike, especially in the wake of the recent cyberattack on its Change Healthcare billing and payments subsidiary. The attack, which occurred in February, has been described as the largest disruption in the U.S. healthcare industry since the Covid pandemic. The breach
The Tax Cuts and Jobs Act of 2017 was heralded as a relief for middle-class Americans, but the reality may not be as rosy as it seems. While there were temporary federal tax cuts that provided some savings initially, there are hidden costs that may mitigate these benefits. Property taxes, for example, make up a
The year 2023 saw a significant resurgence in international air travel, leading to a rise in passenger traffic at airports worldwide. According to the preliminary ranking released by Airports Council International, several major airports experienced a substantial increase in passenger numbers, reflecting the growing popularity of international travel post-pandemic. Dubai International Airport Climbs the Ranks
British stock trading app Freetrade reached a significant milestone earlier this year by achieving breakeven status for the first time. This accomplishment comes after the company reported full-year losses in 2023. Freetrade disclosed that it had achieved adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) of £100,000 ($124,863) in the first quarter of 2024.
Goldman Sachs is set to release its first-quarter earnings report before the opening bell on Monday. Wall Street analysts are anticipating earnings of $8.56 per share, with revenue projected to be around $12.92 billion. These numbers come from various sources such as LSEG and StreetAccount. This is crucial information that investors are eagerly awaiting to
President Joe Biden recently unveiled his new student loan forgiveness plan, which comes as a second attempt after his initial effort was struck down by the Supreme Court. During an event in Wisconsin, Biden highlighted the growing burden faced by working- and middle-class individuals in repaying their student loans. Unlike his previous $400 billion loan
Last week’s unexpected consumer inflation data caused some anxiety among investors, but looking ahead, it may be beneficial to maintain a long-term perspective when seeking investment opportunities. Some of Wall Street’s most respected analysts are highlighting their preferred stocks with an eye on long-term growth potential. According to TipRanks, a platform that ranks analysts based
While the shift to all-electric vehicles in the United States has been slower than expected, Hawaii has emerged as a key player in the adoption of electric vehicles. According to J.D. Power, Hawaii ranks fifth in overall EV adoption at 11.9% of new retail vehicles sold through February this year. Additionally, Hawaii takes the third