Tax season can be a stressful time for many Americans, especially when it comes to the possibility of being audited by the IRS. While the IRS is still finalizing plans to avoid increased audits on taxpayers making less than $400,000, there are certain factors in your tax return that could still trigger scrutiny from the
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The ongoing turmoil in China’s property market has raised red flags for Standard Chartered CEO Bill Winters. In an interview with CNBC’s JP Ong, Winters expressed his concerns regarding the challenges in the investing environment in China. He highlighted that consumer confidence and international investor confidence were both relatively low, pointing to the property market
China reported that its consumer price index rose by 0.6% year on year in August, which fell short of expectations. The costs of transportation, home goods, and rents decreased, contributing to this lower-than-expected growth. Food prices, however, saw a significant increase of 2.8% year on year in August, marking the first positive trend since June
September has not been the best month for the U.S. stock market, with some signs of economic weakness apparent. However, amidst this volatility, top Wall Street analysts have recommended certain stocks for investors to consider. One such stock is Planet Fitness (PLNT), a franchisor and operator of over 2,600 fitness centers. The company recently reported
As the Federal Reserve prepares for its upcoming meeting, there is a growing debate over the need for an interest rate cut in order to address inflation concerns. Nobel Prize-winning economist Joseph Stiglitz is among those advocating for a significant reduction in interest rates, arguing that the Fed has been too aggressive in its monetary
Broadcom recently released its fiscal third-quarter results, surpassing both revenue and earnings expectations set by Wall Street analysts. Despite the positive news, Broadcom shares dropped by 7% in extended trading due to guidance that fell in line with expectations. Earnings per share came in at $1.24 adjusted, higher than the expected $1.20. Meanwhile, revenue stood
Boeing’s Starliner capsule recently undocked from the International Space Station after a prolonged stay, departing without the two astronauts it originally delivered to orbit. The astronauts, Butch Wilmore and Suni Williams, will now remain at the ISS until February, returning to Earth aboard SpaceX’s Dragon spacecraft. The departure occurred later than planned and without the
Seven & i Holdings has made a bold move by rejecting the takeover offer from Canadian convenience store operator Alimentation Couche-Tard. The company stated that the offer “is not in the best interest” of its shareholders and stakeholders, showcasing a strong commitment to their vision and plans for the future. Stephen Dacus, chairman of the
The recent news of Burberry Group dropping out of the U.K.’s FTSE 100 stock market index comes as a significant blow to the iconic luxury fashion house. This move reflects the culmination of various challenges that the company has been facing, including waning sales, management changes, and a general decline in consumer interest in the
Vice President Kamala Harris recently announced her proposal to increase the capital gains tax rate to 28% for households with an annual income exceeding $1 million. This new tax policy aimed at rewarding investment in American innovators, founders, and small businesses has stirred conversations among financial advisors who are providing guidance to those who might