President Joe Biden’s economic advisor recently discussed the impending debate surrounding expiring tax breaks put in place by former President Donald Trump. In 2017, Trump implemented the Tax Cuts and Jobs Act (TCJA), which included various provisions that are set to expire after 2025 unless Congress takes action. Some of these provisions include lower federal
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Some Americans are considering investing in the real estate market outside of the U.S. In fact, almost 40% of U.S. millionaires are planning to purchase a home overseas within the next 12 months. This desire to tap into international real estate markets is driven by various factors, including economic stability, diversification of investment portfolios, and
The current state of the art market suggests a decline in May auction sales at major auction houses compared to previous years. Wealthy buyers and sellers seem to be taking a break from the record-breaking prices of 2021 and 2022. Reports indicate that art auction sales at Christie’s, Sotheby’s, and Phillips are expected to reach
Moderna, a leading biotech company, recently announced that the Food and Drug Administration has postponed the approval of its vaccine for respiratory syncytial virus (RSV) until the end of May. This delay was attributed to “administrative constraints” at the agency, causing a setback in the expected decision-making process. Despite the delay, the FDA has not
Semiconductor Manufacturing International Corporation (SMIC) recently issued a warning regarding the intense competition in the chip industry, highlighting the challenges faced by the company. The market trends dictate the pricing for commodity products, making it difficult for SMIC to meet its profit expectations. As China’s biggest contract chip manufacturer, SMIC plays a crucial role in
European companies in China are facing increasing difficulties in maintaining profitability due to the country’s slowing economic growth and rising overcapacity pressures. The EU Chamber of Commerce in China released a survey indicating that only 30% of respondents reported higher profit margins in China compared to their global average, marking an eight-year low. The current
Chinese electric vehicle maker Zeekr has set its initial public offering price at $21 a share, marking the top end of its expected range. This move comes as the company prepares to sell 21 million American depository shares in order to raise a substantial $441 million. The IPO is scheduled to commence trading on the
On Thursday, Warner Bros. Discovery reported its first-quarter results, which fell short of analyst expectations in both top and bottom line performance. Despite the strong showing in its streaming unit, the company’s stock managed to gain 3% on Thursday. The company faced challenges with a loss per share of 40 cents, compared to the 24
The upcoming bout between Mike Tyson and Jake Paul, set to take place on July 20 at AT&T Stadium in Arlington, Texas, has generated significant buzz among boxing fans and bettors alike. With the fight being streamed globally on Netflix, fans are eagerly anticipating witnessing the former heavyweight champion Tyson, at 58 years old, take
British chip designer Arm experienced a more than 2% decline in its stock price on Thursday, following lackluster revenue guidance that overshadowed a positive sales quarter driven by the growing demand for artificial intelligence applications. While Arm reported a significant 47% year-over-year increase in fiscal fourth-quarter revenue, reaching $928 million, investors were less than impressed