Tag: front-end

The White House's confusing spending freeze has caused chaos, with Medicaid and Head Start programs impacted despite claims of no across-the-board pause. A federal judge has blocked the freeze, but Congress and the courts are likely to clash over the legality of the move.

Published on: January 29, 2025, 09:01 AM UTC

Tax season has officially kicked off and the IRS has some new programs and rules in store. Direct File is now available in 25 states and has been upgraded with new features, including the ability to automatically import W-2 information and handle more tax circumstances. Gig workers and small business owners may receive a 1099-K form this year, as reporting requirements for third-party payment apps have changed. The standard deduction has increased, making it less likely that taxpayers will need to itemize their deductions.

Published on: January 27, 2025, 06:00 PM UTC

A change in the U.S. Treasury's leadership could shift the department's cash management practices at the Federal Reserve, potentially impacting the debt market.

Published on: January 24, 2025, 08:00 PM UTC

Boeing (BA) estimates a $3.5 billion operating cash flow loss and a GAAP loss per share of $5.46 for Q4 due to the IAM work stoppage and other factors.

Published on: January 24, 2025, 03:02 PM UTC

MidWestOne Financial Group, Inc. (MOFG) reported fourth-quarter net income of $16.3 million, or 78 cents per share. Adjusted earnings were 77 cents per share. Revenue was $89.1 million. For the year, the company reported profit of $60.3 million, or $3.54 per share. Revenue was $69.3 million.

Published on: January 23, 2025, 10:07 PM UTC

NY-based banks Valley National Bank and Dime Community Bancshares project increased profits in 2025 thanks to balance sheet improvements, reduced CRE exposure, and increased deposits via strategic initiatives and acquisitions from failed banks.

Published on: January 23, 2025, 09:05 PM UTC

New cloud computing firms like Crusoe, CoreWeave, and Lambda are emerging to meet the specific needs of AI companies, positioning them for a larger role in the tech sector.

Published on: January 23, 2025, 07:00 PM UTC

Hyundai aims to sign binding deals with General Motors for joint vehicle parts purchasing and cooperation in commercial and passenger vehicle businesses.

Published on: January 23, 2025, 07:02 AM UTC

Southern California faces heightened fire risk and strong winds before possible weekend rain. Multiple fires have erupted, leading to evacuations and property threats as the region battles ongoing blazes. Forecasters predict much-needed rain, but persistent winds continue to dry out vegetation. Over 2,500 fire personnel are deployed to control blazes, with power shutoffs in place to prevent new fires.

Published on: January 21, 2025, 10:03 PM UTC

Financial markets faced initial uncertainty after President Trump announced plans to impose tariffs on Mexico and Canada, raising concerns about global trade tensions. However, the absence of immediate sweeping tariffs on all trading partners provided some relief. Despite a surge in the dollar and swings in US stock futures, Chinese stocks remained strong, and European stocks remained steady. The market anticipates further volatility as investors weigh the potential impact of Trump's trade policies and await the release of corporate earnings and economic data throughout the week.

Published on: January 21, 2025, 09:00 AM UTC