Senior lawmakers recently unveiled a $78 billion bipartisan tax agreement that includes retroactive boosts to the child tax credit, potentially impacting families filing their tax returns this season. The proposed legislation, while promising, still faces hurdles that could impede its implementation. Under the plan, which applies retroactively to 2023, the child tax credit will be
OpenAI CEO Sam Altman argues that the widespread fears of artificial intelligence (AI) dramatically reshaping and disrupting the world are exaggerated. Speaking at the World Economic Forum in Davos, Altman emphasized that the impact of AI on society and jobs is often overstated. Specifically, he focused on the concept of artificial general intelligence (AGI), which
Restaurant Brands International, the parent company of Burger King, has announced its acquisition of Carrols Restaurant Group, the largest Burger King franchisee in the U.S. This strategic move is expected to bring about significant changes for Burger King as it aims to revitalize its business. The deal, valued at approximately $1 billion in cash, will
As we head into 2024, it is becoming increasingly challenging to predict what might happen in markets, economies, and businesses. The stock market’s global boom in 2023 has left us wondering about the uncertainties that lie ahead. Additionally, the upcoming election in November adds another layer of complexity to the market. Nevertheless, we must embrace
Morgan Stanley recently released its fourth-quarter revenue report, which surpassed expectations and showcased the strength of its investment banking division. The results showed promising numbers that delighted investors and caused the share value to rise by 2% in premarket trading. Despite not meeting Wall Street’s projected earnings per share of $1.01, Morgan Stanley’s actual earnings
Dubai’s property boom, which gained momentum in the years following the Covid-19 pandemic, has experienced a significant shift in the source of demand. While previously driven by Russian investors, the growth in demand is now coming from China, according to DAMAC Chairman Hussain Sajwani. This change can be attributed to various factors, including investor-friendly reforms,
When it comes to handling your old 401(k) after leaving a company, there are several options to consider. Whether you decide to keep the money in the current plan, roll it over into an IRA, or buy an annuity, it is crucial to seek professional advice. Understanding the guidance provided by financial professionals is essential
The CEO of Circle, the company responsible for the popular stablecoin USD Coin, Jeremy Allaire, believes that 2024 may finally be the year when laws for stablecoin issuers come into effect. With the stablecoin market currently valued at $135.3 billion, it is noteworthy that this sector remains largely unregulated. While various jurisdictions worldwide have started
The rental housing market in the United States has seen a decline in prices, offering young adults from Generation Z more affordable rental options. According to real estate firm Redfin, the median U.S. asking rent price in December 2021 was $1,964, marking a 0.8% decrease compared to the previous year. This decrease was the third
The Israel-Hamas war has had widespread repercussions, with its effects being felt not only in the Middle East but also across the globe. The conflict has led to significant disruptions in travel and has increased concerns about safety and security. This article examines the impact of the war on travel, focusing on international arrivals, domestic