Former President Donald Trump has reiterated his plan to eliminate taxes on Social Security benefits for seniors. While this may seem like a beneficial proposal at first glance, policy experts are warning that it could potentially deplete Social Security and Medicare trust funds sooner rather than later. The Republican nominee’s call for “no tax for
income
E.l.f. Beauty continues to impress with its remarkable growth story, surpassing quarterly estimates once again. The cosmetics retailer reported a substantial 50% increase in sales, reaching $324.5 million in its fiscal first quarter. CEO Tarang Amin highlighted that the company experienced growth across all categories, with the Bronzing Drops serum quickly becoming a best seller
In recent news, there has been bipartisan support for exempting Social Security from income taxes as retirees struggle to afford the basics. Former President Donald Trump and Minnesota Governor Tim Walz have both put forth proposals in this regard, sparking discussions at both federal and state levels. While Trump aims to eliminate federal income tax
In today’s volatile market environment, investors are constantly seeking ways to diversify their portfolios and manage risks effectively. One recommended strategy, as suggested by Joanna Gallegos, co-founder and CEO of BondBloxx, is to prioritize income and high-yield bonds. By incorporating fixed income into their investment strategy, investors can create a more balanced portfolio that is
Yum Brands recently reported a quarter filled with ups and downs. While the company’s earnings per share beat Wall Street expectations at $1.35 adjusted versus $1.33 expected, revenue fell short at $1.76 billion compared to the $1.8 billion that was anticipated. The biggest challenge for Yum Brands came in the form of declining same-store sales
Saudi Aramco, the state oil giant, recently reported a net profit of $29.1 billion for the second quarter of the year. This figure represents a slight decrease of just over 3% compared to the same period last year. The company also disclosed that its net income for the first half of the financial year stood
Exxon Mobil recently reported its second-highest results for the second quarter in the past decade, a testament to the company’s success in achieving record production levels in Guyana and the Permian Basin. CEO Darren Woods highlighted that the oil produced in the second quarter reached the highest level since Exxon and Mobil merged in 1999.
In the current economic climate, record inflation rates have left many individuals questioning the viability of homeownership as a sound investment. The escalating prices of homes are outpacing the growth of incomes, which can pose significant challenges for homeowners. A startling statistic reveals that over 1 in 4 homeowners with mortgages are labeled as “cost-burdened,”
When analyzing Vice President Kamala Harris’ personal financial records, experts have observed that she and her husband have maintained a relatively simple financial strategy throughout her years in public office. While this approach may seem prudent on the surface, it has led to missed opportunities for optimizing tax savings and maximizing financial growth. The couple’s
In a world where social media dominates our daily lives, the constant bombardment of influencer marketing has created a sense of overwhelm and exhaustion for many. The rise of “underconsumptioncore” presents a welcome shift away from the pressure to constantly buy more and more. This movement is gaining traction as individuals seek to live more