Tag: tourism

Trump's oil tariff dilemma: Canada's biggest export to the US in jeopardy as markets react to mixed signals on inclusion.

Published on: January 31, 2025, 06:01 PM UTC

Mortgage rates remained largely unchanged this week despite a stock market sell-off, with the average 30-year rate at 6.95% and 15-year rates at 6.12%.

Published on: January 31, 2025, 12:03 PM UTC

The Bank of Japan makes progress in shrinking its balance sheet by ending a lending program and tapering bond purchases.

Published on: January 30, 2025, 01:01 AM UTC

GM CEO Mary Barra talks to President Trump about tariffs. GM's EPS guidance assumes a "stable" policy environment and doesn't factor in additional tariffs. Nevertheless, tariffs hang over auto sector stocks, as the auto industry relies heavily on imports from Mexico and Canada. Analysts worry about the potential impact on demand if automakers raise prices to offset tariffs.

Published on: January 28, 2025, 03:02 PM UTC

Tax season is officially underway, and while the IRS code hasn't undergone any major updates, several key changes are worth noting. The IRS's Direct File program, which allows free tax return submissions, has been expanded to 13 new states. The program now offers additional features, including automatic W-2 import, and is available to more taxpayers. Additionally, new reporting rules for gig workers and small business owners using third-party payment apps like PayPal and Venmo are in effect to combat tax fraud.

Published on: January 27, 2025, 10:03 PM UTC

Managing your finances can be challenging, especially with decisions about savings, investments, and debt repayment. This article provides expert advice for navigating these issues. For retirees, it recommends a conservative investment mix with at least five years of living expenses in cash and bonds. For those looking to improve their financial literacy, recommended books and online courses are suggested. The article also addresses IRA contributions and tax implications for retirees, emphasizing the benefits of Roth IRAs. Finally, it advises prioritizing debt reduction over saving for a car purchase to improve credit scores and secure better loan terms.

Published on: January 27, 2025, 01:03 PM UTC

OpenAI, SoftBank, and Oracle are building a $100 billion data center project called Stargate in Abilene, Texas. The project will create hundreds of thousands of construction jobs and over 100 high-skilled jobs in the first phase. The data centers will power cutting-edge artificial intelligence systems from OpenAI.

Published on: January 24, 2025, 01:04 PM UTC

Industrial giant Honeywell is reportedly spinning off its advanced materials business, exploring additional spin-offs, and facing pressure from activist investor Elliott Management to further restructure.

Published on: January 24, 2025, 11:03 AM UTC

Economist Nouriel Roubini ("Dr. Doom") warns of massive job losses due to advancements in humanoid robots and large language models. He also expresses concerns about the potential impact of tariffs on the US economy, citing risks to inflation, interest rate hikes, and economic growth.

Published on: January 23, 2025, 04:02 PM UTC

TikTok owner ByteDance plans to invest heavily in AI infrastructure, with plans to spend over $20 billion this year, focusing on data centers and network equipment. The funding will benefit chipmakers Huawei, Cambricon, and Nvidia, and help ByteDance maintain its leadership in AI at home and bolster overseas expansion.

Published on: January 23, 2025, 12:01 PM UTC