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Filing taxes in the US can be a daunting task compared to many other countries. Despite the average American spending significant time and money on tax preparation, the tax code remains complex and confusing. While other countries have streamlined their tax systems, the US system is burdened by special interest tax breaks, social policy measures embedded in the tax code, and the lack of pre-populated tax returns or automatic tax calculations. Recent efforts like the standard deduction increase and Direct File program have taken steps toward simplification, but further legislative changes are needed to fully modernize the US tax system.

Published on: February 06, 2025, 08:02 AM UTC

Despite strong earnings, Wall Street analysts remain cautious about Palantir due to concerns over its high valuation, with some citing the stock's premium as unsustainable for its growth potential.

Published on: February 05, 2025, 09:00 PM UTC

Ares Management reports record fundraising in 2024, driven by demand for credit investments. The firm raised $92.7 billion in new capital, boosting total assets to $133 billion.

Published on: February 05, 2025, 01:09 PM UTC

Republicans in Congress are pushing for clear crypto regulation, starting with a bill on stablecoins and then tackling a more comprehensive bill on market structure.

Published on: February 05, 2025, 01:03 PM UTC

The stock market is poised to face challenges in the first half of the year, according to Morgan Stanley's top stock strategist. Investors could see weak returns for the S&P 500 for at least the next 3 months due to risks stemming from Trump's trade and immigration policies.

Published on: February 05, 2025, 01:00 AM UTC

Pfizer CEO Albert Bourla discusses his meeting with RFK Jr. and his views on vaccines, the new Trump administration, and the future of the pharmaceutical industry.

Published on: February 04, 2025, 10:03 PM UTC

Billionaire investor Daniel Loeb bets 2025 will be better for stock market investment despite the Trump administration's policies.

Published on: February 04, 2025, 08:00 PM UTC

The Mexican peso rebounded and the US dollar erased gains after news that tariffs on Mexico would be delayed by a month. The Bloomberg Dollar Spot Index wiped out its advance, while the peso gained over 1%.

Published on: February 03, 2025, 05:04 PM UTC

Stocks slump after Trump imposes hefty tariffs on Canada, Mexico, and China. Nasdaq 100 futures dive more than 1.7%, leading declines among the three major indexes. Investors had not factored in tariffs into their market outlook, raising concerns about potential risks and a repricing of assets.

Published on: February 03, 2025, 02:00 PM UTC

Apple earnings top estimates, easing concerns about iPhone sales in China. Analysts raise price targets and maintain Buy ratings, citing strong demand and AI potential.

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