The concept of remote work has become a fundamental aspect of the U.S. labor market, marking a significant shift in how people approach their jobs. Before the Covid-19 pandemic, remote work was a rare occurrence, with only a small percentage of workers having the opportunity to work from home. However, as the pandemic forced organizations
Retirees face the challenge of managing various sources of income including Social Security, pensions, retirement plans, and other investments. In order to avoid IRS penalties, retirees must either withhold taxes or make quarterly payments. For the year 2024, the quarterly estimated tax deadlines fall on April 15, June 17, Sept. 16, and Jan. 15, 2025.
Philadelphia Federal Reserve President Patrick Harker gave a clear indication that an interest rate cut is on the horizon for September. Harker emphasized the necessity of initiating a process to bring rates down and suggested that the Fed should proceed with caution and transparency in its decision-making approach. The markets have already priced in a
In July, closed sales of previously owned homes rose by 1.3% compared to the previous month. This increase marked the first gain in five months. Despite this improvement, sales were 2.5% lower than the same period last year. The Northeast saw the most significant gains in sales, while the Midwest experienced flat sales. Prices also
Bavarian Nordic, a Danish biotech company, saw a significant surge in its stock price by 13% following the release of its second-quarter earnings report. The company reported revenues of 1.43 billion Danish krone ($213 million) and an operating profit of 420 million krone, outperforming analyst expectations. This positive financial performance was reflected in the sharp
The future of Paramount Global is currently in a state of flux, as the special committee overseeing the company’s merger agreement faces competing bids from different parties. Edgar Bronfman Jr. initially offered $4.3 billion for National Amusements, the controlling shareholder of Paramount, in competition with Skydance Media’s previous merger agreement. However, Bronfman raised additional funds
When it comes to retirement planning, required minimum distributions (RMDs) are a necessary evil that retirees must navigate. However, instead of viewing RMDs as a burden, experts suggest that these mandatory withdrawals can actually be an opportunity to enhance your investment portfolio and overall financial strategy. Strategic Portfolio Trimming Certified financial planner Matthew Saneholtz emphasizes
The rise of online sports betting has had a significant impact on the personal finances of many individuals, especially those who are already facing financial distress. A recent research paper titled “Gambling Away Stability: Sports Betting’s Impact on Vulnerable Households” sheds light on the detrimental effects of this growing trend. Following the Supreme Court’s decision
The trend of falling mortgage rates in the past few weeks has been significant, but it seems the rush to refinance has slowed down. Refinance applications dropped by 15% last week, which is a notable decrease. Despite this decline, there has been a substantial increase of 90% compared to the same period last year. The
Ford Motor recently announced a significant shift in its production plans, delaying the manufacturing of a next-generation all-electric pickup truck and canceling a three-row electric SUV. Instead, the company has decided to prioritize the development of hybrid models and electric commercial vehicles. This move signifies Ford’s commitment to delivering a capital-efficient and profitable electric vehicle