As President-elect Donald Trump prepares to step into office, the daunting challenge of managing inflation looms large over his economic agenda. The complexities of this situation are particularly pronounced in the housing sector, where federal influence is somewhat limited. Recent data from the consumer price index (CPI) provides a mixed picture that will require keen
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Macy’s has recently garnered attention not just for its department store merchandise, but for a significant lapse in accounting practices that has raised concerns about the integrity of its financial reporting. The company disclosed that an employee had hidden approximately $151 million in delivery expenses, causing the corporation to revise historical financial statements dating back
In the vast landscape of American cities, few have experienced a metamorphosis quite like Salt Lake City, Utah. Once renowned primarily for its winter sports and as a backdrop for the 2002 Winter Olympics, the city has transitioned over the last two decades into a vibrant technology hub known as part of the “Silicon Slopes.”
As the year draws to a close, many investors ponder the potential advantages of converting their traditional IRA assets to a Roth IRA. This financial maneuver is often pursued for the tax-free growth it offers, allowing individuals to shift pretax or nondeductible IRA funds into a tax-advantaged account. However, it’s essential to recognize that undertaking
The catastrophic collapse of the Champlain Towers South in Surfside, Florida, during the summer of 2021 shook not only the local community but also raised alarming questions regarding the structural integrity and safety protocols of older condominium buildings across the state. In the wake of this disaster, lawmakers took decisive action by implementing new regulations
In the ever-evolving landscape of e-commerce, Amazon has established itself as a dominant player, particularly through its reliance on third-party sellers to enhance its product offerings. However, for many small merchants, managing the complexities of financial tracking within Amazon’s expansive marketplace presents a significant challenge. In a move intended to alleviate these difficulties, Amazon announced
The burgeoning startup league known as Unrivaled is on the brink of redefining the landscape of women’s professional basketball. Its commitment to spotlighting elite talent and offering unprecedented opportunities marks a significant shift in how female athletes can engage with the sport during the offseason. Recently, Unrivaled secured a multiyear partnership with Under Armour, a
The intricate relationship between the United States and China has always had numerous facets, particularly when it comes to economic and financial interactions. Recently, Chinese Vice Premier He Lifeng has engaged with key U.S. financial executives in a bid to solidify these ties, especially in light of the turbulent geopolitical landscape and shifting policy directions
The Federal Reserve is poised to reduce interest rates by another quarter percentage point at the conclusion of its upcoming meetings. This anticipated reduction is critical as it has long-term implications for economic growth and inflation management. Reflecting on the past, David Zervos, chief market strategist at Jefferies LLC, highlighted during the CNBC Financial Advisor
On a tumultuous Tuesday, Oracle Corporation witnessed a significant 8% decline in its stock price, the sharpest drop in a year. This downturn followed the release of an earnings report that fell short of market expectations. Prior to this day, Oracle had seen consistent stock performance this year, particularly a substantial increase of approximately 68%