The recent enactment of the Social Security Fairness Act heralds significant changes for nearly 3 million beneficiaries of the Social Security program. Signed into law by President Joe Biden, this legislation aims to alleviate some of the inequities facing public sector workers who have long faced reductions in their Social Security benefits due to their
The impending deadline for fourth-quarter estimated taxes in 2024 is January 15. Failing to meet this deadline can lead to unplanned penalties and additional fees when you file your tax return, as outlined by the IRS. Estimated taxes are particularly significant for individuals who earn income without traditional withholding, which often includes freelancers, small business
The recent wildfires in California have brought tremendous challenges not only to the residents in affected areas but also to major utility companies like Edison International. As the flames rage close to Los Angeles, the stock price of Edison International plunged by over 10% on Wednesday, reflecting the anxieties of investors. This sudden stock drop
In a stark revelation that startled investors, Jensen Huang, the CEO of Nvidia, stated that the development of practical quantum computers is still a considerable distance away. During Nvidia’s recent analyst day, he offered his estimation: a timeline that stretches at least 15 years into the future for “useful” quantum computing. This projection was not
In the past week, mortgage rates have seen an upward trend for the fourth consecutive week, resulting in a notable decline in mortgage demand. The Mortgage Bankers Association reported a 3.7% decrease in total mortgage application volume, adjusted for seasonal factors and the recent New Year holiday. This persistent rise in rates underscores growing concerns
As we step into 2025, a concerning trend has emerged that reflects the financial struggles facing many American households. A recent report from Bankrate reveals that nearly half of credit card holders—specifically 48%—are now carrying over their balances month-to-month. This marks an increase from 44% at the beginning of 2024, suggesting that more individuals are
The arrival of the first paycheck in 2025 is likely a moment of anticipation for many workers across the country. However, this year, employees might notice a slightly altered financial landscape due to recent adjustments made by the Internal Revenue Service (IRS). While tax changes generally generate considerable interest, the implications of these alterations can
Lucid Group, the electric vehicle manufacturer seeking to carve a niche in the competitive EV market, recently released its third-quarter earnings, managing to slightly surpass Wall Street’s expectations. This achievement comes amid a backdrop characterized by aggressive cost-cutting initiatives and the anticipated launch of a new SUV model, the Gravity. While the reported adjusted loss
As student loan repayments resume post-pandemic, borrowers may find a silver lining in the form of the student loan interest deduction. This tax benefit offers eligible individuals the chance to reduce their taxable income by deducting up to $2,500 of interest on qualified student loans. For those grappling with the weight of educational debt, this
In a striking display of advancement in home cleaning technology, Roborock, a leading player in the robot vacuum cleaner market, has recently unveiled their latest model featuring a noteworthy innovation: a folding arm designed for the removal of everyday obstacles like socks and small towels. The integration of artificial intelligence (AI) into this feature marks