Apple’s latest product showcase failed to excite investors, resulting in a lackluster response from the market. While the stock initially dipped during the event, it managed to recover slightly by the end of the day. Despite reaching an all-time high in mid-July, Apple is currently down nearly 7% from those levels. However, it is important
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The IRS is currently in the process of developing plans to avoid increasing audits for taxpayers earning less than $400,000 annually. However, certain aspects of your tax return can still trigger scrutiny, irrespective of your income level, according to experts. The Treasury Inspector General for Tax Administration (TIGTA) recently reported that the IRS has only
Discount home goods retailer Big Lots has recently filed for bankruptcy, citing high interest rates and a sluggish housing market as factors contributing to its financial downfall. The company, which operates over 1,300 stores across 48 states, has seen a decline in sales following a drop in demand for home furnishings post-pandemic. Despite generating $4.7
The property market in China continues to face challenges and instability, with Standard Chartered CEO Bill Winters expressing concerns about its future. Winters highlighted the difficulties in the investing environment in China, citing low consumer confidence and international investor confidence as key factors. Despite some signs of increased activity in the market, Winters emphasized that
The U.S. stock market may have had a rocky start in September, but there are still promising stock picks worth considering. One such pick is Planet Fitness (PLNT), a company that has demonstrated strength in its asset-light franchise model. Despite economic uncertainties, analysts like Jonathan Komp from Baird remain bullish on PLNT stock, with a
Seven & i Holdings has recently rejected a takeover offer from Canadian convenience store operator, Alimentation Couche-Tard. The rejection was based on the belief that the offer did not serve the best interests of the company’s shareholders and stakeholders. The offer, which was for $14.86 per share, was labeled as “opportunistically timed” and was criticized
Vice President Kamala Harris has recently announced a proposal to increase the capital gains tax rate from 20% to 28% for households earning over $1 million annually. This increase is part of Harris’s plan to tax investment income at a rate that rewards innovators, founders, and small businesses. If implemented, this change would have significant
Broadcom recently released their fiscal third-quarter results, exceeding Wall Street’s expectations for both revenue and earnings. Despite this positive outcome, Broadcom’s shares took a hit in after-hours trading, dropping 7% due to guidance aligning with market expectations. Financial Performance The chipmaking giant reported an adjusted earnings per share of $1.24, surpassing the $1.20 expected by
The Federal Reserve is under scrutiny as Nobel Prize-winning economist Joseph Stiglitz advocates for a half-point interest rate cut at the upcoming meeting. Stiglitz accuses the U.S. central bank of tightening monetary policy too aggressively and exacerbating the inflation issue. He argues that the Fed’s actions have put the economy at risk, and a more
British luxury fashion house Burberry Group has faced a significant setback as it dropped out of the U.K.’s FTSE 100 stock market index. This move comes as a result of waning sales and a series of management changes within the company. The 168-year-old retailer’s slide into the FTSE 250 during September’s quarterly rebalancing signifies the