President Joe Biden’s top economic advisor, Lael Brainard, recently discussed the country’s looming debate over the expiration of several tax breaks enacted by former President Donald Trump in 2017. These tax breaks, including lower federal income tax brackets, a higher standard deduction, and doubled estate and gift tax exemptions, are set to expire after 2025
Purchasing property overseas can be an enticing prospect for many Americans. However, it is crucial to approach this decision with caution as numerous factors can complicate the process. Financial planners caution that living in another country is vastly different from just vacationing there, and careful consideration is necessary before embarking on this journey. One of
The key art sales in May are not expected to reach the same heights as the previous year. Major auction houses such as Christie’s, Sotheby’s, and Phillips are anticipating a total of $1.2 billion in sales, which is down 18% from the previous year. This decline follows a trend from the art market’s peak after
Moderna announced on Friday that the Food and Drug Administration (FDA) has postponed the approval of its vaccine for respiratory syncytial virus (RSV) to the end of May. This delay is reportedly due to “administrative constraints” at the agency, pushing back the expected decision date from Sunday. Despite this setback, the FDA has not raised
The landscape of the semiconductor industry is rife with cutthroat competition, with companies vying for market share and technological supremacy. Semiconductor Manufacturing International Corporation (SMIC) recently issued a warning about the intense competition in the chip industry after its first-quarter profit failed to meet expectations. The pricing for commodity products is dictated by market trends,
The current environment for European companies operating in China is becoming increasingly challenging, as indicated by a recent survey conducted by the EU Chamber of Commerce in China. The survey revealed that a significant number of companies are facing difficulties in maintaining profitability in the country, with only 30% of respondents reporting higher profit margins
Chinese electric vehicle manufacturer Zeekr has priced its initial public offering at $21 per share, which is at the top end of its previously stated range. The company is set to sell 21 million American depository shares, raising a total of $441 million once it begins trading on the New York Stock Exchange under the
The highly anticipated boxing match between Mike Tyson and Jake Paul scheduled for this summer has already sparked a surge in ticket prices and piqued the interest of avid bettors. The event, set to take place on July 20 at AT&T Stadium in Arlington, Texas and will be live-streamed globally on Netflix, is projected to
The Consumer Financial Protection Bureau (CFPB) regulation aimed at reducing late fees on credit cards is currently facing significant opposition from the card industry led by the U.S. Chamber of Commerce. The industry filed a lawsuit against the CFPB in federal court, seeking to prevent the new rule from being implemented. This legal battle has
Warner Bros. Discovery’s first-quarter results fell short of analyst expectations, with a loss per share of 40 cents compared to an expected loss of 24 cents. Revenue also missed estimates, coming in at $9.96 billion versus the expected $10.231 billion. The company saw a 7% decline in revenue compared to the same quarter last year,