As President Joe Biden exits the election race, all eyes are now on Vice President Kamala Harris as the frontrunner for the Democratic nomination. While Harris has not yet detailed her economic agenda, experts predict that her tax proposals may mirror those put forth by Biden. This includes calls for higher taxes on the wealthy
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The second-quarter results for Detroit automakers are highly anticipated on Wall Street, with General Motors expected to shine brighter than its counterparts. Analysts predict a strong adjusted profit of $2.75 per share for GM, representing a 44.2% increase from the previous year. Additionally, GM is forecasted to report $45.46 billion in revenue, up by 1.6%
Despite initial skepticism, McDonald’s $5 value meal promotion has proven to be a successful marketing strategy that is driving traffic back to its restaurants. The fast-food giant announced that nearly every business unit, encompassing 93% of its restaurants, has voted to extend the promotion past its original end date. This decision reflects the positive impact
Former President Donald Trump has recently secured the Republican presidential nomination, sparking interest from both political parties in Project 2025. This multi-faceted policy plan, created by The Heritage Foundation in collaboration with over 100 other conservative organizations, aims to bring about significant changes to the U.S. income tax system and revamp the IRS. The “Mandate
A federal appeals court has recently issued an order temporarily halting the Biden administration from implementing its new student loan repayment plan, known as SAVE. This ruling has raised concerns within the Education Department, which is assessing the impacts of the court order on borrowers. According to a spokesperson from the department, they will be
When it comes to accessing the $7,500 federal EV tax credit, many consumers might not be aware that leasing an electric vehicle can also provide them with this financial benefit. Through a mechanism known as the “qualified commercial clean vehicles” tax credit, lessees can potentially receive the tax credit that is typically associated with buyers
Before making the decision to buy a home, it is crucial to understand your current financial situation. Many renters may be surprised to find out that they are actually in a position to afford a mortgage. According to a Zillow analysis, millions of renters in 2022 were considered “income mortgage-ready,” meaning that the share of
In the second quarter, Taiwan Semiconductor Manufacturing Company (TSMC) surpassed revenue and profit expectations, demonstrating robust performance amidst increasing demand for advanced chips used in AI applications. TSMC’s net revenue of 673.51 billion New Taiwan dollars ($20.82 billion) exceeded the expectations of NT$657.58 billion. Similarly, the net income of NT$247.85 billion outperformed the NT$238.8 billion
In his recent speech at the Republican National Convention, JD Vance, the new running mate of U.S. presidential candidate Donald Trump, emphasized the importance of protecting the wages of American workers. He took a hard line on China, stating that the Chinese Communist Party should not be allowed to build their middle class at the
ASML, the Dutch manufacturer of critical semiconductor production equipment, has reported exceptional second-quarter earnings and sales that have surpassed market expectations. The company’s net sales reached 6.24 billion euros, exceeding the projected 6.03 billion euros, while net profit soared to 1.58 billion euros compared to the estimated 1.43 billion euros. Despite a year-on-year decline of