During this tax season, over 140,000 taxpayers were able to successfully file their returns using the IRS Direct File program. This program, which is free of charge, was available to certain taxpayers in 12 states starting in early March. According to the U.S. Department of the Treasury and the IRS, filers using Direct File saved
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The wealth gap among millennials is widening, with the top 10% of the generation accumulating more wealth than their predecessors. While the majority of millennials face challenges such as student debt, low-wage jobs, and unaffordable housing, a small elite group is thriving. According to a recent study, the average millennial has 30% less wealth at
Chinese electric car start-ups Nio and Xpeng have decided to shift their focus to a lower-priced segment of the market by introducing newly branded cars this year. Nio’s CEO William Li disclosed that the company’s first mass-market car will be an SUV that is more affordable than Tesla’s Model Y, which starts at 249,900 yuan
The recent approval by the Food and Drug Administration of Pfizer’s gene therapy for a rare genetic bleeding disorder marks a significant milestone for the company. This approval paves the way for Pfizer to enter the gene therapy market in the U.S., offering a one-time treatment for adults with moderate to severe hemophilia B. Let’s
Alphabet recently released its first-quarter report, exceeding Wall Street’s expectations in terms of sales, operating margin, and profits. Total revenue for the quarter reached $80.54 billion, marking a 15.4% increase year over year. Similarly, earnings per share saw a significant surge of 62% annually, settling at $1.89. This outstanding performance has positioned Alphabet as a
As Alphabet gears up to report its first-quarter earnings, analysts are closely watching the numbers. According to LSEG, the anticipated earnings per share are $1.51, and revenue is expected to reach $78.59 billion. Additionally, YouTube advertising revenue is predicted to be $7.72 billion, and Google Cloud revenue is projected to hit $9.35 billion. However, these
Bristol Myers Squibb took a major hit during the first quarter, reporting a net loss of $11.9 billion, or $5.89 per share. This loss can be attributed to one-time charges related to recently closed deals, including its acquisition of Karuna Therapeutics and collaboration agreement with SystImmune. In response to this financial setback, the pharmaceutical company
BlackRock, the biggest asset manager in the world, has recently introduced a groundbreaking product called LifePath Paycheck. This innovative product is designed to assist workers in transitioning their retirement savings into a consistent income stream that mirrors the paychecks they received during their working years. The CEO of BlackRock, Larry Fink, described this product as
Synthesia, a Nvidia-backed artificial intelligence firm, has introduced a groundbreaking technology that is set to revolutionize the video production industry. The company’s latest innovation, known as “Expressive Avatars,” enables users to create digital avatars that can convey human emotions simply by inputting text. This advancement in AI technology blurs the lines between the virtual world
In a recent legal battle between VTB Bank and JPMorgan Chase, a Russian court has sided with the state-run lender VTB Bank in its efforts to recoup $439.5 million that was frozen by the American bank in U.S. accounts following the invasion of Ukraine. The court has ordered the seizure of funds in JPMorgan’s Russian