Brand new GMC trucks are displayed on the sales lot at Hanlees Hilltop GMC on July 02, 2024 in Richmond, California.Justin Sullivan | Getty ImagesDETROIT — General Motors expects its 2025 adjusted earnings to be in a "similar range" to the company's results this year, CFO Paul Jacobson said...
About 19 million U.S. taxpayers requested an extension to file back in April, according to the IRS, giving them an extra six months to submit their 2023 federal income tax returns.For many of those taxpayers, the October 15 final deadline is fast approaching.Taxpayers in federally-declared disaster areas, which currently...
Check out the companies making headlines in midday trading. China stocks – U.S.-listed shares of Chinese companies fell after Beijing's economic planning agency failed to announce any new major stimulus plans . Online video company Bilibili fell 13%, while automaker Nio and Temu parent PDD tumbled about 6% each....
Heavy traffic begins to back up on Interstate 275 South as residents evacuate St. Petersburg, Florida, ahead of Hurricane Milton, U.S., October 7, 2024. Octavio Jones | ReutersHurricane Milton's once-in-a-century potential could cause damages of more than $50 billion, with the potential to leave behind devastation approaching $175 billion or...
Grand Cayman, Cayman Islands, October 8th, 2024, ChainwireSui is the first Move language-based blockchain with native USDCSui, the Layer 1 blockchain offering industry-leading performance and infinite horizontal scaling, and Circle, the issuer of USDC, today announced that native USDC is live on the Sui Network. With this integration, users...
About 19 million U.S. taxpayers...
Gregg Greenberg spent 14 years as a journalist at TheStreet.com where he wrote the highly popular column "The 5 Dumbest Things on Wall Street This Week". His work has appeared in magazines ranging from Glamour to ESPN the Magazine, and on humor sites such as Points in Case.
With Congress seeking to tamp down on ESG and the first 401(k) lawsuit over ESG having been filed, some employers are scared about the idea of including sustainable investment options in their retirement plans. More than 70% of retirement plan consultants and aggregators say that political uncertainty is a leading...
The U.S. economy showed few signs of recession in the second quarter, as gross domestic product grew at a faster-than-expected pace during the period, the Commerce Department reported Thursday.GDP, the sum of all goods and services activity, increased at a 2.4% annualized rate for the April-through-June period, better than...
Turkish Central Bank Governor Hafize Gaye Erkan answers questions during a news conference for the Inflation Report 2023-III in Ankara, Turkey on July 27, 2023.Anadolu Agency | Anadolu Agency | Getty ImagesTurkey's central bank expects inflation to hit 58% by the end of 2023, its new governor Hafize Gaye...
The Federal Reserve raised the target federal funds rate by a quarter of a point Wednesday, in its continued effort to tame inflation.In a move that financial markets had completely priced in, the central bank's Federal Open Market Committee raised the funds rate to a target range of 5.25% to 5.5%....
InvestmentNews columnist Ed Slott got a lot of people thinking about Roth IRA and Roth 401(k) strategies this week — and whether traditional tax-deferred saving should be anyone’s go-to in the current tax environment. In his column Monday, Slott urged advisors to be “sounding the alarm” about growing pretax balances...
President Joe Biden has nominated former Maryland Gov. Martin O’Malley as the next commissioner of the Social Security Administration. The agency is responsible for distributing Social Security to more than 70 million beneficiaries and commands a $1 trillion budget, according to Reuters, which reported O’Malley’s selection Wednesday. It has been...
Brokers and investment advisors would have to remediate conflicts of interest related to interactions with investors conducted through artificial intelligence, predictive analytics and similar technology under a proposal released Wednesday by the SEC. By a 3-2 vote, the Securities and Exchange Commission approved releasing a 243-page proposal for public comment...
