Tag: knowledge

Mass layoffs of 7,000 IRS probationary workers amidst plans to target high-wealth tax evaders and improve revenue collection, raising concerns for tax season and overall enforcement efforts.

Published on: February 21, 2025, 12:00 AM UTC

Denny's Corp. reported a net income of $6.8 million in the fourth quarter, missing Wall Street expectations of $115.6 million.

Published on: February 12, 2025, 01:06 PM UTC

Apollo Commercial Real Estate Finance (ARI) reports Q4 net income of $40.7 million, beating analyst estimates. Revenue came in at $70.5 million, with adjusted revenue at $43.5 million.

Published on: February 10, 2025, 10:05 PM UTC

India's central bank cuts interest rate to boost slowing economy, but investors remain unconvinced.

Published on: February 07, 2025, 03:04 PM UTC

President Trump plans to tackle a hedge fund deduction loophole, a move likely to be met with resistance from the industry but attract support from Democrats.

Published on: February 06, 2025, 09:01 PM UTC

Tech investors buy the dip as Nvidia ETF sees $1.6 billion inflow, retail traders pour $4.25 billion into the market.

Published on: February 05, 2025, 12:01 PM UTC

US stocks fell on Monday in response to President Donald Trump's announcement of tariffs on China, Mexico, and Canada. However, major averages pared heavy losses mid-morning after President Trump said he would delay tariffs against Mexico by a month. The tech-heavy Nasdaq Composite (^IXIC) pared losses in half to drop around 1%, while the S&P 500 (^GSPC) fell 0.6%. The Dow Jones Industrial Average (^DJI) was down 0.2%. Consumer discretionary (XLY) stocks, which includes automakers, were the hardest hit early in the day. Tech (XLK) also dragged on markets as shares of AI chip giant Nvidia (NVDA) and iPhone maker Apple (AAPL) dropped. The tariffs, set to take effect on Tuesday, will include 25% duties on Canada and Mexico, and 10% on China. Energy imports from Canada will carry a lower 10% duty. On Monday morning President Trump said he spoke with Mexican President Claudia Sheinbaum and she agreed to send 10,000 soldiers to the border to stop the flow of fentanyl, and illegal migrants into the US.

Published on: February 03, 2025, 04:01 PM UTC

China's DeepSeek AI stuns Wall Street, sparking a steep decline in Nvidia and other tech stocks. This episode exposes the risks of market concentration and has broad implications for bonds, crypto, and investing strategies. Learn five crucial lessons to navigate this dynamic market.

Published on: February 02, 2025, 09:00 AM UTC

US stocks advanced on Thursday as investors processed earnings from tech giants and waited for Apple's (AAPL) results for further insights into the prospects of Big Tech. The S&P 500 (^GSPC) gained 0.5%, while the Dow Jones Industrial Average (^DJI) rose 0.4%. The tech-heavy Nasdaq Composite (^IXIC) climbed 0.3%.

Published on: January 31, 2025, 12:01 AM UTC

Intel (INTC) is expected to report a loss on revenue of $13.8 billion for the fourth quarter, as the chipmaker continues to struggle amidst a weak PC market and increased competition from rivals like Nvidia (NVDA) and AMD (AMD).

Published on: January 29, 2025, 10:03 PM UTC