In a booming stock market environment, it is essential to consider alternative strategies to rebalance your portfolio and potentially save on future taxes. One such tactic, tax-gain harvesting, involves strategically selling profitable assets in your brokerage account during lower-income years, such as early retirement or periods of unemployment. With the S&P 500 surging more than
When Minnesota Gov. Tim Walz accepted the Democratic vice presidential nomination, he emphasized the crucial role that Social Security survivor benefits played in his family’s life. These benefits provided them with financial support and allowed them to maintain their dignity after Walz’s father passed away from lung cancer when he was just 19 years old.
The cost of attending college nowadays is reaching record highs, with some institutions charging close to six figures per year for tuition, room, board, books, and other expenses. According to data from The Princeton Review’s “The Best 389 Colleges” list, eight schools – such as New York University, Tufts, Brown, Yale, and Washington University in
Cava Group, a fast-casual restaurant brand, experienced a significant increase in its share price by nearly 6% after reporting better-than-expected earnings. This positive movement was driven by the company’s profit of 17 cents per share, which surpassed the LSEG estimate by 4 cents. Additionally, Cava’s revenue also exceeded expectations. This demonstrates strong financial performance and
When analyzing the current stock trends in the retail industry, it is evident that there have been mixed performances. While Target and TJX experienced significant boosts in their stock prices, with TJX seeing a 6% increase and Target skyrocketing by 11%, Macy’s faced a downturn of nearly 13% during Wednesday’s session. This indicates a shift
Cava reported a robust quarter with better-than-expected earnings and revenue, which led to an increase in its full-year outlook. The Mediterranean restaurant chain saw its net income soar to $19.7 million, or 17 cents per share, compared to $6.5 million, or 21 cents per share, in the previous year. Net sales also climbed a remarkable
Edgar Bronfman Jr. has made an offer for a controlling stake in Paramount Global that could potentially keep Shari Redstone closely linked to the company. If his bid is successful, Bronfman is open to having Redstone, who currently holds the position of non-executive chairman at Paramount, continue to be involved with the company. This offer
The Inflation Reduction Act has ignited a manufacturing boom across the United States, leading to the mobilization of tens of billions of dollars of investment, particularly in rural communities that are in dire need of economic development. This surge in investment has been a significant driving force behind the economic growth in these areas and
The market is eagerly awaiting Federal Reserve Chair Jerome Powell’s policy speech on Friday, although there is little expectation of any groundbreaking news. The general consensus among investors is that the Fed will begin cutting rates in September and continue to do so through the end of the year and possibly into 2025. While the
Affordable housing has been a key focus in recent political discussions, with Vice President Kamala Harris outlining proposals to address the issue in her economic policy pitch. Harris emphasized the importance of making homeownership more accessible by lowering costs. One of the central aspects of her plan is the construction of 3 million new housing