Bitcoin mining company CleanSpark is set to expand its operations with the acquisition of new mining facilities. This move will not only increase CleanSpark’s hashrate potential but also provide the company with the necessary power and infrastructure to support its growth. As a result, CleanSpark’s shares saw a 12% increase, bolstered by the rising price
As tax season arrives, Americans are filing their returns and facing potential pitfalls due to last year’s tax withholding errors. This article aims to shed light on the consequences of these errors and provide guidance on avoiding unexpected tax bills. With the Internal Revenue Service (IRS) mandating tax payments throughout the year through automatic employer
Eli Lilly recently announced exciting results from a mid-stage trial, showcasing the potential of its popular drug, tirzepatide, in treating fatty liver disease. This drug, widely known for its effectiveness in weight loss and diabetes management, demonstrated positive outcomes in a phase two study involving patients with metabolic dysfunction-associated steatohepatitis (MASH). The findings suggest that
The U.S. Department of Education recently unveiled a new initiative called the “FAFSA College Support Strategy” to address the numerous setbacks faced in the processing of Free Application for Federal Student Aid (FAFSA) forms. Secretary of Education Miguel Cardona expressed determination to rectify the situation, collaborating with high-need institutions and offering a concierge service to
Billionaire Adam Neumann, the co-founder of WeWork, is reportedly making efforts to buy back the bankrupt real-estate company, as reported by DealBook. Neumann, along with his startup Flow and Dan Loeb’s Third Point fund, has conveyed a “sincere interest” in acquiring WeWork and its leases either through bankruptcy proceedings or by providing debtor-in-possession (DIP) financing.
Swiss banking giant UBS has announced that it narrowly beat fourth-quarter earnings expectations. The company posted a net loss of $279 million, which was better than the anticipated net loss of $372 million. This positive outcome comes after UBS reported a significant loss in the previous quarter due to expenses related to the integration of
During tax season, everyone is looking for ways to save money, but there seems to be a free option that remains largely unnoticed and underutilized by eligible taxpayers. The IRS Free File program, established in 2002, offers a guided tax software for federal returns to taxpayers with a certain income threshold. Despite its potential, only
The realm of mortgage rates has been a rollercoaster ride, with the average rate on the popular 30-year fixed mortgage reaching 7.04%, a threshold unseen since December. This recent escalation comes hot on the heels of a substantial surge prompted by the unexpected boost in the January employment report. The plot thickened as a monthly
Palantir, the AI and data analytics company, saw its shares soar over 17% in after-hours trading after announcing its fourth-quarter earnings that surpassed analysts’ expectations for revenue. The company reported a revenue of $608.4 million for the fourth quarter ending on December 31, 2023, a 20% increase compared to the previous year. This came as
The Israel-Hamas war has had a significant impact on the sales of major U.S. restaurant companies, McDonald’s and Starbucks. McDonald’s reported a fourth-quarter revenue miss due to a sales slowdown in the Middle East, causing its stock to fall by 4% in morning trading. The conflict prompted McDonald’s Israeli licensee to offer discounts to soldiers,