As Congress engages in a crucial discussion regarding the impending decision on trillions in expiring tax breaks, the spotlight has been on several Democratic proposals aimed at increasing taxes on corporations and wealthy Americans. Advocates of these plans argue that they are necessary to address income inequality and the federal budget deficit. Among the topics
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Delta Air Lines recently announced that they will be launching their premium economy service on transcontinental flights starting in September. This move is seen as an effort to attract customers who are willing to pay more for additional space and perks during their flights. Premium economy is a relatively new class of service that falls
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
The United States saw a remarkable increase in millionaires last year, standing out among other countries by adding 600,000 new millionaires. According to a report by Capgemini, the millionaire population in America grew by 7.3% in 2023, reaching a total of 7.5 million individuals. Their combined wealth surged to $26.1 trillion, up by 7% from
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
Rivian Automotive has recently announced an overhaul of its all-electric R1 pickup and SUV models, focusing on improving range, performance, and computing power. One of the most significant changes in the 2025 model-year vehicles is the incorporation of Nvidia chips to boost computing capabilities. The upgraded system now boasts ten times more performance than its
With the world still navigating the aftermath of the Covid-19 pandemic, one thing has become increasingly clear – remote work is here to stay. What began as a temporary solution during lockdowns has evolved into a long-term trend that is reshaping the traditional workweek for many employees. According to labor economists, remote work offers a
Boeing CEO Dave Calhoun is set to testify before a Senate panel to address whistleblower allegations and quality control issues at the aircraft manufacturer. This comes at a time when Boeing is facing significant scrutiny over its safety practices in the wake of two deadly crashes of its 737 Max planes. The hearing is crucial
American Airlines CEO, Robert Isom, has taken a step to offer immediate 17% wage increases to flight attendants amidst ongoing contract negotiations. The airline has been in talks with the Association of Professional Flight Attendants, but a deal has not yet been reached due to disagreements on key issues such as pay. Struggle for Agreement
Ford Motor’s U.S. new vehicle sales saw a significant increase of 11.2% in May compared to the same month last year. This growth was primarily driven by strong sales in the all-electric and hybrid vehicle segments. In particular, the sales of hybrid and all-electric vehicles surged by approximately 65%, outpacing the 5.6% rise in sales