The Federal Reserve’s monetary policy plays a critical role in controlling inflation, which is the rate at which prices for goods and services increase. Recently, the U.S. has seen increases in inflation due to various factors, such as a decrease in the unemployment rate and increasing global demand for goods and services. As a result,…
Apple, the tech giant known for its innovation and iconic products, recently reported its fiscal fourth-quarter earnings for 2023. The results have garnered considerable attention as the company’s stock took a 3% dip in extended trading. While Apple’s earnings exceeded Wall Street estimates, a cautious outlook for the current quarter has overshadowed its remarkable performance….
Biden’s Infrastructure Investment and Jobs Act is a multi-trillion dollar infrastructure spending proposal announced in early 2021. The plan would invest in transportation infrastructure, water systems, broadband access, electric grids, climate protection, and other areas in an effort to create jobs and help the country recover from the economic fallout of the coronavirus pandemic. It…
In the realm of business, there exists an intricate dance of power and influence known as the international market. It is a world where fortunes are made and lost, where trends govern the decisions of industry titans and small-scale entrepreneurs alike. Yet, beyond the allure and grandeur, lies a deeper truth – a tale of…
Interesting facts about unemployment in the US 1. According to the US Bureau of Labor Statistics, the national unemployment rate rose dramatically from 4.4 percent in February 2020 to 14.7 percent in April 2020 due to the economic impact of the COVID-19 pandemic. 2. Individuals between ages 16 and 24 experienced the highest unemployment rate…
Understanding Roth Conversions: A Roadmap to Financial Flexibility Roth conversions stand as a pivotal strategy in reshaping retirement portfolios and reaping the benefits of tax-efficient savings. This financial maneuver allows individuals to convert existing traditional IRA assets into a Roth IRA, offering unique advantages and opportunities. However, before delving into the intricacies of this conversion…
At the Federal Open Market Committee’s Sept. 19-20 meeting, economists surveyed by Bloomberg News believe the Federal Reserve will keep interest rates in the 5.25% to 5.5% range steady and stay at this peak level through May of 2024, two months longer than previously expected. Despite this, policymakers are likely to forecast one additional rate…
In a world where financial freedom is both an elusive dream and a tangible goal, the key to unlocking prosperity lies in the art of diversifying your portfolio. Welcome to a realm where investment strategies become stepping stones towards building lasting wealth. Brace yourself for a journey where risk management takes center stage, and the…
The IRS recently made headlines with its announcement of a significant tax enforcement initiative aimed at high-income earners, partnerships, and individuals with foreign bank accounts. The goal of this initiative is to “restore fairness to the tax system” by targeting wealthy taxpayers who have experienced a sharp decline in audit rates over the past decade….
The final month of the year often brings with it a whirlwind of market movements and economic revelations. As we delve into the intricate web of indicators and events shaping December’s landscape, several crucial factors are set to determine the trajectory of stocks and investor sentiment. From the eagerly anticipated November jobs report to pivotal…
Robert S. Kaplan, the chief strategist at Oppenheimer Market Intelligence, has warned investors not to underestimate the potential impact of inflation on the stock market. In a recent note, he wrote that with inflation rising more quickly than expected due to the rapid expansion of the money supply, investors should be aware of the risks…
What Defines ‘Rich’ in America? Determining what constitutes a “rich” income in America isn’t a one-size-fits-all scenario. It’s a culmination of several factors like location, profession, spending habits, savings, and investments. The IRS sets the top 1% income threshold at $540,009 annually, while the Economic Policy Institute (EPI) suggests a benchmark of $819,324. However, these…
Interest rate hikes can have a significant impact on the real estate market. The most direct effect is that higher interest rates increase the cost of borrowing capital, making mortgage payments more expensive for consumers. This can lead to a decrease in demand for housing, resulting in fewer sales and lower prices. Additionally, homebuyers may…
Discovering the Path to Entrepreneurial Success Embark on a transformative journey towards shaping your destiny by exploring a myriad of lucrative home-based business ideas. These insights, tailored specifically for beginners in the United States, promise an exhilarating escape from the mundane 9-to-5 routine. Let’s delve into these diverse entrepreneurial avenues, each offering unique opportunities for…
Introduction The United States economy is on the brink of an unexpected fiscal boost with the potential approval of a $70 billion tax deal for businesses and families. As Congressional negotiators engage in talks over renewing expired business tax breaks and enhancing the child tax credit, the stakes are high. This article delves into the…
In a groundbreaking move, Intel has recently announced a suite of new computer chips, signaling its intent to claim a substantial share of the booming artificial intelligence (AI) hardware market. Among these, the Gaudi3 chip, designed for generative AI software, stands out as a direct competitor to Nvidia’s H100 and AMD’s upcoming MI300X. This article…
Exploring Robinhood: Your Gateway to Bitcoin and a Bonus Start Venturing into the world of cryptocurrency through Robinhood doesn’t just mean access to an array of coins; it’s an opportunity to delve into Bitcoin while receiving up to $200 worth of stock to kickstart your investment journey. Bitcoin at Robinhood: A Lucrative Starting Point When…
In a move aimed at keeping up with soaring inflation, the Internal Revenue Service (IRS) has recently unveiled higher federal tax brackets and standard deductions for the year 2023. These new tax brackets, applicable to tax year 2023 and returns filed in 2024, come as a response to the changing economic landscape. In this comprehensive…
Student loan borrowers may owe state taxes from 2023 Student loan forgiveness has been a hot topic in recent years, with many borrowers calling for relief from their ever-increasing student loan debt. In 2023, some borrowers hit the jackpot when their student loans were forgiven, giving them a chance to start fresh. However, many of…
Starting a business from the comfort of your home is an enticing prospect, offering the allure of independence, flexibility, and the opportunity to convert your passions into profits. Here, we delve into eight lucrative home-based business ideas tailored for beginners that can serve as a gateway to financial freedom and personal fulfillment. Freelance Writing: Crafting…