Remote work, once considered a temporary solution during the Covid-19 pandemic, has now become a permanent fixture in the U.S. labor market. This shift, as noted by economists, has been one of the most significant changes in the labor market over the past few decades. The concept of remote work encompasses full-time work-from-home positions as
Retirees often have various sources of income, including Social Security, pensions, retirement plans, and other investments. Managing taxes on these income sources is crucial to avoid IRS penalties. While quarterly estimated tax deadlines are important, there is a lesser-known strategy that can help retirees meet their tax obligations – using required minimum distributions (RMDs) to
Philadelphia Federal Reserve President Patrick Harker recently expressed a strong endorsement for an interest rate cut in September while speaking to CNBC at the Fed’s annual retreat in Jackson Hole, Wyoming. Harker’s direct statement signals a high probability of monetary policy easing during the upcoming meeting of central bank officials. He emphasized the need to
In July, closed sales of previously owned homes increased by 1.3% compared to June, reaching a seasonally adjusted annualized rate of 3.95 million units. This marked the first increase in five months, although sales were still 2.5% lower than the same time last year. The Northeast saw the biggest gains in sales, while the Midwest
The Danish biotech company Bavarian Nordic recently reported impressive second-quarter revenues of 1.43 billion Danish krone ($213 million) and an operating profit of 420 million krone. These figures exceeded analyst expectations, causing the company’s stock to rise by 13% shortly after the announcement. In addition to its strong financial performance, Bavarian Nordic also secured a
The future of Paramount Global remains shrouded in uncertainty as the special committee overseeing the merger agreement with Skydance faces a competing offer from Edgar Bronfman Jr. Initially, Bronfman offered $4.3 billion for Shari Redstone’s National Amusements, which is the controlling shareholder of Paramount. However, in a surprising turn of events, Bronfman upped the bid
When it comes to retirement planning, one aspect that often gets overlooked is the concept of required minimum distributions (RMDs). After funneling money into pretax retirement accounts, retirees will eventually face mandatory withdrawals known as RMDs. While these withdrawals can be a nuisance for retirees who do not necessarily need the money, they can also
Ford Motor recently announced a shift in its electric vehicle (EV) strategy, delaying production of a next-generation all-electric pickup truck and canceling plans for a three-row electric SUV. The company stated that it will now prioritize the development of hybrid models and electric commercial vehicles, such as a new electric commercial van in 2026, followed
The recent decrease in mortgage rates for the third consecutive week did not lead to a surge in refinance applications. In fact, there was a 15% drop in applications to refinance a home loan. This decline may be surprising given the lower rates, but it is important to note that the volume was actually 90%
The surge in online sports betting has significantly impacted personal finances, especially for those who are already facing financial distress. A recent study titled “Gambling Away Stability: Sports Betting’s Impact on Vulnerable Households” highlighted the detrimental effects of sports betting on households that are already financially vulnerable. The paper reveals that the legalization of sports