Remote work, once considered a temporary solution during the Covid-19 pandemic, has now become a permanent and significant aspect of the U.S. labor market, as indicated by economists. This work-from-home revolution has been identified as one of the most substantial shifts in the U.S. labor market over the past few decades, according to Nick Bunker,
Retirees often have various sources of income, including Social Security, pensions, retirement plans, and more. To avoid IRS penalties, they need to withhold taxes or make quarterly payments. While the quarterly deadlines for estimated taxes in 2024 are set for April 15, June 17, Sept. 16, and Jan. 15, 2025, there is a lesser-known strategy
Philadelphia Federal Reserve President Patrick Harker recently expressed his strong support for an interest rate cut during an interview with CNBC at the Fed’s annual retreat in Jackson Hole, Wyoming. Harker’s stance marks a significant shift in the central bank’s monetary policy, signaling that easing measures are likely to be implemented when officials convene next
In July, closed sales of previously owned homes increased by 1.3% compared to June, reaching a seasonally adjusted annual rate of 3.95 million units. This uptick marked the first increase in sales in five months, providing a glimmer of hope for the sluggish housing market. Despite this improvement, sales were still 2.5% lower than the
Bavarian Nordic, a Danish biotech company, experienced a 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 and an operating profit of 420 million krone, surpassing analyst expectations. This positive financial performance contributed to the rise in shares during trading
The future of Paramount Global is still up in the air, with a number of competing offers being thrown into the mix. Edgar Bronfman Jr. recently made a bid for Shari Redstone’s National Amusements, the controlling shareholder of Paramount, initially offering $4.3 billion. However, shortly after, Bronfman upped the ante with a revised offer of
After diligently saving and investing in pretax retirement accounts throughout your working years, you will eventually reach the age where you must start taking required minimum distributions (RMDs) in retirement. While these mandatory withdrawals can be a burden for some retirees who do not necessarily need the money, they also present an opportunity to make
Sports betting has seen a surge in popularity since the lifting of the federal ban in 2018, with 38 states legalizing it and reaping substantial revenue. However, a recent paper titled “Gambling Away Stability: Sports Betting’s Impact on Vulnerable Households” highlights the detrimental effects on financially distressed individuals. The study found that participants in online
Ford Motor recently announced a major shift in its electric vehicle strategy, delaying the production of a next-generation all-electric pickup truck at a new plant in Tennessee. The company also decided to cancel plans for a three-row electric SUV and prioritize the development of hybrid models and electric commercial vehicles. This decision marks a significant
Recent data from the Mortgage Bankers Association shows that mortgage rates have been falling for the past three weeks. Despite this trend, there has been a 15% drop in applications to refinance home loans compared to the previous week. This decline may be attributed to the fact that the demand for refinancing surged by 23%