The federal tax deadline of April 15 has come and gone for most filers, and if you missed it, experts urge you to take immediate action. Filing your return and paying your balance as soon as possible is crucial to avoid accruing additional penalties and interest. The IRS emphasizes that until you file and pay
Tesla, the electric vehicle giant, is gearing up to release its first-quarter earnings report amid concerns and expectations from analysts. With a projected earnings per share of 51 cents and revenue of $22.15 billion, the pressure is on for Tesla to deliver positive results. However, with Wall Street predicting a 5.1% drop in revenue compared
The Biden administration recently announced a final rule that seeks to enhance protections for retirement savers by regulating the investment advice provided by advisors, brokers, and insurance agents. This rule, issued by the U.S. Department of Labor, expands the definition of when a financial professional must act as a “fiduciary,” requiring them to prioritize the
PepsiCo recently reported quarterly earnings that exceeded analysts’ expectations, despite facing weaker demand in the U.S. market. The company had to deal with challenges such as the Quaker Oats recall and backlash over higher prices for its products. While the company managed to beat revenue estimates, its shares still dropped by more than 2% in
General Motors made headlines on Tuesday as they exceeded Wall Street’s expectations for the first quarter of 2024. Despite losses in other regions, the automaker managed to boost its forecast for the year due to the strong performance of its North American operations. This news was welcomed by investors, leading to a more than 4%
Novartis, a Swiss pharmaceutical company, saw its shares rise by 4.8% in early trading on Tuesday after announcing better-than-expected first-quarter results. The company raised its full-year guidance, citing strong performance across all major brands. Financial Performance During the first three months of the year, Novartis reported a significant increase in net sales, up by 11%.
The Securities and Exchange Commission (SEC) of the Philippines made a bold move by ordering Google and Apple to remove cryptocurrency exchange Binance from their app stores. The SEC expressed concerns about the threat Binance poses to the security of Filipino investors’ funds. This is a strong stance taken by the regulatory body against the
JetBlue Airways saw its shares plummet over 10% in premarket trading following the airline’s announcement of a lowered revenue forecast for 2024. The carrier anticipates a drop in second-quarter revenue of up to 10.5%, which is more than double the expected decrease according to analysts. Furthermore, the full-year sales forecast indicates a decline in the
In a recent announcement to its employees, Boeing revealed that it anticipates a delay in the ramp-up of production and deliveries of its new 787 Dreamliner planes due to shortages of critical parts from suppliers. This setback comes on the heels of a series of challenges that have plagued Boeing’s production lines, including quality problems
Since the passing of the Secure Act in 2019, non-eligible designated beneficiaries who have inherited an individual retirement account now face a 10-year window to deplete the funds. These beneficiaries include heirs who are not a spouse, minor child, disabled, or chronically ill individuals. This timeline can create significant tax consequences for the heirs if