As President Joe Biden and former President Donald Trump gear up for the first presidential debate of the 2024 general election, the focus is likely to be on tax policy. Specifically, experts point out that one key issue that may come under scrutiny is the Republicans’ expiring tax breaks which were put into effect through
H&M faced a sharp decline in its stock value, dropping more than 14% after reporting lower-than-expected profits for the second quarter. This negative performance caused concern among investors and led to a significant sell-off of shares in the company. Profit Results The operating profit for the period of March to May was 7.1 billion Swedish
As the news broke that major parts of the Saving on a Valuable Education, or SAVE, plan were put on pause due to two federal judges issuing preliminary injunctions, borrowers like Cody Gude felt a wave of disappointment and confusion. Gude, a resident of Tampa, Florida, was eagerly awaiting a drop in his student loan
Morgan Stanley, one of the leading financial institutions on Wall Street, is taking a significant step towards integrating artificial intelligence into its operations. The introduction of Debrief, an AI assistant designed to streamline the work of financial advisors, marks a pivotal moment in the industry. This move is expected to revolutionize the way advisors interact
The ongoing trade tensions between China and the European Union have caused a stir in the electric vehicles industry. Wan Gang, the visionary behind China’s electric car strategy, recently spoke about the potential for Chinese investment in European electric vehicles as a way to move forward amidst these challenges. He highlighted the need for negotiations
Despite hopes for a rebound in the summer housing market following a lackluster spring, the latest data suggests that challenges still persist. Mortgage demand, a key indicator of the health of the housing market, remained stagnant for the second consecutive week. Total mortgage application volume saw only a marginal increase of 0.8% from the previous
The Biden administration recently announced that it will impose inflation penalties on 64 prescription drugs for the third quarter of this year. This decision aims to lower costs for certain older Americans enrolled in Medicare. President Joe Biden has been vocal about his commitment to reducing drug prices in the United States as part of
Southwest Airlines experienced a significant drop in its shares by about 4% in premarket trading after the carrier revised its second-quarter revenue forecast downwards. The airline cited changing booking patterns as the reason behind this adjustment. Originally estimating a decline of 1.5% to 3.5%, Southwest now expects a much larger fall of between 4% and
A recent report from Vanguard reveals that Americans are indeed saving more for their retirement through 401(k) plans. However, the report also highlights the fact that there is still a long way to go in terms of securing a financially stable retirement. Despite the positive trend of increased stock market returns and higher savings rates,
Europe’s approach to artificial intelligence has been primarily focused on regulation, as highlighted by Prince Constantijn of the Netherlands. While regulations are necessary to ensure ethical and safe AI development, Constantijn expressed concerns that Europe’s focus on regulation may hinder its ability to innovate and compete with global leaders like the U.S. and China. The