Inflation has been a topic of concern among investors lately, especially after a recent batch of data suggested that reigning in consumer prices may take longer than expected. However, amidst this climate of rising prices, there are certain categories of goods and services that are experiencing deflation. This shift in prices, where certain goods are
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As banks begin to report their quarterly results, the benefits of scale are becoming more apparent. Larger banks seem to have been able to weather the storm better than their smaller counterparts in the wake of the regional banking crisis of last year. With the revised projections for Federal Reserve interest rates cuts, the picture
As tax season approaches, many taxpayers are focused on filing their taxes by the April 15 deadline. However, it is important to remember another key deadline: the due date for first-quarter estimated tax payments. These payments are typically required for individuals earning income from sources without tax withholdings, such as gig economy work, freelancing, small
The recent release of new government inflation data has unveiled a higher than expected increase in consumer prices. This rise in inflation, measured by the consumer price index (CPI), shows a 3.5% increase from a year ago and a 0.4% increase for the month. The CPI serves as a tool to track average changes in
Vietnamese property tycoon Truong My Lan has been handed a severe sentence for her involvement in a major financial fraud case in Vietnam. She was found guilty of embezzlement, bribery, and violating banking rules related to lending. The court sentenced her to death for the embezzlement charges and 20 years in prison for each of
Buffalo Wild Wings (BWW) recently celebrated the opening of its 100th Go location in New York City, marking a significant milestone in the chain’s evolution. These Go locations are a departure from the traditional sports bar setup, focusing on delivery and takeout orders instead. By offering a more convenient option for customers, BWW is looking
The new banking regulations in Switzerland have created a “lose-lose situation” for UBS, according to Beat Wittmann of Porta Advisors. These regulations, proposed by the Swiss government, aim to tighten the policing of banks deemed “too big to fail” following the emergency rescue of Credit Suisse by UBS. This government-backed takeover was a significant event
Despite an overall real estate slump in China, the commercial property sector is experiencing pockets of demand, particularly in prime retail locations in the capital city of Beijing. According to a report by property consultancy JLL, rents for prime retail spaces have seen a significant increase, rising by 1.3% in the first quarter of this
Since assuming office, the Biden administration has been working diligently to implement a student loan forgiveness plan to alleviate the burden on millions of Americans. The plan aims to target certain groups of people, including those experiencing financial hardship and graduates of poor-quality schools, as well as clear the interest on debt for some 25
If you find yourself feeling unprepared to file your taxes, you are not alone. According to a recent survey, 1 in 4 Americans do not feel ready to file their taxes, with 29% admitting to procrastinating the process. However, there is a solution that can give you more time to file – a federal tax
