The issue of taxing Social Security benefits has been a topic of discussion among policymakers and politicians, with both federal and state-level proposals being presented. While there is bipartisan support for exempting Social Security from income taxes, the implications of such a policy are complex and multifaceted. When comparing federal tax proposals with state legislation,
The Real Estate market has seen some interesting movements recently, with some stocks showing significant gains while others are struggling to stay afloat. Stocks @ Night, a daily newsletter, provides valuable insights into the performance of various companies in the sector. CNBC TV’s Diana Olick will be reporting on the state of office demand in
The narrative surrounding Disney’s media business has undergone a significant shift in recent times. While the company has been grappling with streaming losses, declining traditional pay TV business, and box office failures in the past, its latest second-quarter results indicate a positive change. The combined streaming businesses of Disney, including Disney+, Hulu, and ESPN+, have
The U.S. stock market saw a positive turn on Wednesday, with the S&P 500, Dow Jones Industrial Average, and Nasdaq Composite all making gains. This followed a three-day losing streak, which was triggered by concerns over the “yen carry trade” unwinding and U.S. recession fears. Jim Cramer expressed optimism about the market’s performance, referring to
Sony’s financial chief, Hiroki Totoki, recently announced that the company has decided not to reconsider making a bid for film and TV production group Paramount Global. This decision was made based on the fact that acquiring Paramount does not align with Sony’s current strategy and capital allocation structure. Totoki emphasized the potential risks involved in
Recent data indicates that mortgage interest rates have decreased to the lowest level in several years, prompting a significant increase in mortgage demand from both prospective homebuyers and existing homeowners. This decline in interest rates has resulted in a notable surge in total mortgage application volume, with the Mortgage Bankers Association’s seasonally adjusted index showing
The recent weaker-than-expected economic data has raised concerns about the need for an emergency rate cut by the U.S. Federal Reserve. However, Claudia Sahm, chief economist at New Century Advisors, argues that such drastic measures may not be necessary at the moment. Sahm emphasizes that while there is a case for a 50-basis-point cut, there
In a time of market uncertainty and volatility, investors are constantly seeking ways to protect and grow their investment portfolios. According to Joanna Gallegos, co-founder and CEO of BondBloxx, bonds can play a crucial role in navigating these turbulent times. Gallegos recommends focusing on income and high-yield bonds as a way to diversify and manage
SunPower, a once-prominent rooftop solar installer, has filed for bankruptcy after a prolonged period of financial turmoil. The company’s stock plummeted by 32% to a mere 55 cents per share, marking a colossal decline of nearly 90% over the course of the year. This dramatic turn of events is a stark reminder of the perils
The recent increase in the unemployment rate has raised concerns among economists, particularly in relation to the growing number of marginally attached workers. These individuals are available and willing to work but have not actively searched for employment in the past month. This rise in marginally attached workers poses a potential risk of transition into