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Trump Tariffs: Mixed Signals Cause Confusion

Mixed messages from Trump administration on tariffs leave markets and businesses guessing. Commerce secretary nominee Howard Lutnick's comments on trade will be closely watched after Trump announced him as the leader of "our Tariff and Trade agenda."

Trump's Funding Freeze Threatens Trillions Going to States, Cities

President Donald Trump's federal funding pause jeopardizes over $1 trillion in assistance for states, cities, and other local governments, potentially affecting transit infrastructure, housing projects, and more.

Chemung Financial Corp. beats Q4 expectations

Chemung Financial Corp reported fourth-quarter earnings of $5.9 million ($1.24 EPS), revenue of $38.7 million, and net revenue of $25.9 million.

Microsoft Set to Report Earnings Amid AI Shakeup

Microsoft (MSFT) is set to report its second quarter earnings amidst the AI industry's DeepSeek impact. Analysts predict revenue of $68.8 billion and EPS of $3.13, with focus on Commercial Cloud segment and Azure growth. Despite being an AI beneficiary, MSFT stock has trailed competitors but analysts see potential for a "mini revenge trade" as AI sales and Copilot adoption rise.

German Judges Signal Support for Antitrust Regulator in Apple Case

German judges weigh Apple's appeal against antitrust designation, mull extra controls

China's Vanke to Receive Government Support Amid Property Slump

China Vanke, one of China's largest property developers, has received government support to avoid a potential default amid the country's housing slump. The move signals that the government may be willing to intervene to prevent a broader crisis in the property sector.

US AI Dominance in Jeopardy as China's DeepSeek Raises Concerns

The Nasdaq and S&P 500 sank Monday as Chinese startup DeepSeek's AI assistant challenges US dominance and profitability in AI, wiping out a record $589 billion in Nvidia's market value.

Tax season kicks off with new rules and upgraded resources

Tax season 2024 is upon us. The IRS Direct File program has expanded to 25 states and now includes new features such as automatic W-2 import and support for various tax credits. Gig workers and small businesses using payment apps like PayPal may receive 1099-K forms due to new reporting rules. The standard deduction has increased to $14,600 for individuals and $29,200 for couples.

WSFS Reports Q4 Earnings Beat

WSFS Financial Corp. (WSFS) reported fourth-quarter earnings of $64.2 million, exceeding Wall Street expectations. Earnings per share were $1.09, or $1.11 adjusted for non-recurring costs. Revenue was $346.6 million, with adjusted revenue of $261.5 million. For the year, the company reported profit of $263.7 million, or $4.41 per share, on revenue of $1.05 billion.

Nucor Q4 earnings beat estimates

Steelmaker Nucor profit beats estimates for Q4