In a striking announcement, President Donald Trump proposed a halt to the production of new pennies, citing an intention to curb what he perceives as wasteful government expenditure. The rationale behind this drastic measure is straightforward: the cost of producing a penny exceeds its actual monetary value. Trump’s statement, disseminated through his Truth Social platform,
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As tax season unfolds, individuals are eager to navigate the complexities of their filings and anticipated refunds. The IRS has reported the issuance of 3.2 million refunds as of January 31, signaling a robust start to the tax season. With an average payout of $1,928 noted during the first four days of processing, taxpayers are
The financial landscape has been tumultuous lately, with the stock market experiencing fluctuations fueled by concerns over tariffs, the rise of China’s DeepSeek technologies, and mixed earnings reports from various sectors. For investors seeking refuge from this volatility, dividend stocks offer a lifeline of stability and reliable income. However, the vast array of dividend-paying opportunities
The Consumer Financial Protection Bureau (CFPB) finds itself in a precarious situation, characterized by remote working arrangements and severe operational restrictions. Recent developments indicate a significant shift in the agency’s dynamics, with interim leadership taking a hard line on its functions amidst political and corporate uncertainty. As the agency braces for possible turmoil, its vital
Doximity Inc. has recently captured the attention of investors following an impressive 25% surge in its stock during after-hours trading on Thursday. The driving force behind this remarkable increase was the company’s third-quarter fiscal 2025 report, which exceeded analyst expectations on both revenue and earnings per share. Doximity reported an adjusted earnings per share of
In recent months, the rental market in the United States has seen a shift aimed at benefiting renters—at least for now. As of December, the median asking rent reached $1,695, reflecting a slight decrease of 0.5% from November, and a notable 1.1% drop compared to the same period last year. This downward trend comes after
In the world of professional sports, player evaluation has reached a crucial turning point. This evolution is exemplified through the journey of San Francisco 49ers quarterback Brock Purdy, the last pick in the 2022 NFL Draft who defied expectations by leading his team to the Super Bowl. His ascent serves as a cautionary tale about
Affirm Holdings Inc., a leader in the Buy Now, Pay Later (BNPL) sector, demonstrated remarkable financial performance in its fiscal second quarter, sending shares soaring by an astonishing 22%. The company’s earnings significantly exceeded analysts’ expectations, reporting a profit of 23 cents per share, contrasting sharply with the anticipated loss of 15 cents. This unexpected
The ongoing conversation surrounding the carried interest loophole reflects deep-rooted issues in the U.S. tax system, particularly regarding how investment earnings are treated. This particular loophole allows private equity, hedge fund, and venture capital managers to benefit from a tax structure that is vastly more favorable than that of ordinary wage earners. Earnings classified as
In a politically charged environment where financial accessibility remains a prominent topic, Senators Bernie Sanders (I-Vt.) and Josh Hawley (R-Mo.) have reignited discussions about credit card interest rates by proposing a bipartisan bill to cap them at a significantly lower annual percentage rate (APR) of 10%. This bill comes on the heels of rampant inflation