The first pick by the Street’s top pros is off-price retailer Burlington Stores (BURL). The company demonstrated positive results for the first quarter of fiscal 2024 and raised both its profit margin and earnings outlook for the year. Jefferies analyst Corey Tarlowe, who reaffirmed a buy rating on BURL, raised the price target to $275
Potential
The landscape of private equity investing is set to undergo a significant transformation, as the CEO of an alternative trading platform, Kelly Rodriques, is on a mission to revolutionize this sector. In a bid to counter the challenges facing the initial public offering market, Rodriques has joined forces with Accuidity to unveil the Forge Accuidity
The Tax Cuts and Jobs Act of 2017 (TCJA) introduced significant tax reforms resulting in temporary tax breaks for most Americans. The act included provisions such as lower federal income tax brackets, a higher standard deduction, and an increased child tax credit. These measures were aimed at providing relief to taxpayers across various income brackets.
The Covid-19 pandemic not only exposed the vulnerabilities in the American economy but also highlighted the resilience within certain sectors. Child care, in particular, took center stage as daycares closed, schools shifted to remote learning, and parents struggled to balance work and childcare responsibilities. While employment in the child care sector has slowly recovered post-pandemic,
Cricket, a sport widely popular in many parts of the world, is now gaining momentum in the United States. High-profile CEOs and investors are spearheading the effort to make cricket mainstream in the U.S. by investing nearly a billion dollars in the American professional league, Major League Cricket. Microsoft CEO Satya Nadella, Adobe CEO Shantanu
In a time where the job market is competitive and uncertainty looms, it’s essential for individuals to consider all avenues for financial planning, including tax strategies. Experts suggest that despite challenges such as prolonged unemployment and lower income projected for 2024, there are opportunities for tax planning that can lead to potential savings. One of
GameStop, the video game retailer that has been in the spotlight due to the meme trader “Roaring Kitty,” has recently reported dismal fiscal first-quarter results. The company’s net sales plummeted by 29% to $881.8 million compared to $1.237 billion in the previous year. These figures were even lower than what Wall Street analysts had predicted,
Many Americans view real estate as a prime long-term investment opportunity, with a recent Gallup survey revealing that 36% of Americans ranked real estate as their top choice for investing. This sentiment surpassed stocks, gold, and savings accounts, among others. The emotional connection that real estate can evoke sets it apart from traditional investments like
Mega backdoor Roth conversions are a powerful strategy that can significantly boost tax-free retirement savings for individuals who exceed the income limits for traditional Roth IRA contributions. This maneuver involves making after-tax contributions to a 401(k) plan and then converting these funds to a Roth IRA. Unlike regular backdoor Roth conversions, mega backdoor conversions allow
The PGA Tour and the Saudi-backed LIV Golf have been engaged in detailed conversations regarding a potential merger, as revealed by a source familiar with the matter. This development comes in the wake of an initial announcement made on CNBC a year ago, wherein both entities disclosed their intent to collaborate. The ongoing talks between