The U.S. Department of the Treasury and IRS recently unveiled final tax reporting regulations for digital asset brokers, which has implications for the crypto market. The rules will gradually come into effect, starting in 2026, with mandatory annual reporting requirements for gross proceeds from sales. This move is aimed at enhancing tax compliance for high-income
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In recent years, the U.S. stock market has seen a significant increase in concentration, with a handful of companies dominating the market. The S&P 500, considered the most popular benchmark for U.S. stocks, is a perfect illustration of this trend. The top 10 stocks in the S&P 500, which have the largest market capitalization, accounted
Chewy’s shares saw a surge in value after it was revealed in a Securities and Exchange Commission filing that meme stock trader Keith Gill, also known as “Roaring Kitty”, had acquired over 9 million shares of the pet food e-commerce retailer. This purchase represented a 6.6% stake in the company, making Gill the third-largest shareholder
President Joe Biden’s student loan relief plan, known as the Saving on a Valuable Education (SAVE) plan, has faced legal challenges that have resulted in preliminary injunctions from federal judges in both Kansas and Missouri. These injunctions have temporarily blocked key provisions of the plan, preventing the Biden administration from fully implementing its initiatives to
Boeing’s recent decision to acquire Spirit AeroSystems in an all-stock deal has raised questions about the motives behind this move. The aerospace giant will pay $37.25 a share in Boeing stock for Spirit, with a transaction value of $8.3 billion. This acquisition is seen as a strategic move by Boeing to improve safety and quality
Millennials, born between 1981 and 1996, are on track to receive a massive $90 trillion wealth transfer over the next two decades. This transfer is expected to make millennials the wealthiest generation in history, surpassing the silent generation and baby boomers. However, the question remains: are millennials equipped to handle this influx of wealth? According
Disney and Pixar’s “Inside Out 2” have officially joined the prestigious billion-dollar club in the world of animated features. Surpassing $1.014 billion in global box office revenue, the film has not only become the highest-grossing film of 2024 but also the first animated movie since “Barbie” from Warner Bros. to achieve this remarkable milestone. This
In the midst of a content-starved box office and increasingly selective audiences, Fathom Events has defied the odds by posting remarkable revenue gains. This joint venture between AMC, Regal, and Cinemark has been a pioneer in bringing alternative content to the big screen for the past two decades. From classic Hollywood films to live theater
When it comes to planning for retirement, there are many factors to consider beyond just your savings rate and total nest egg. One of the most crucial but often overlooked factors is your life expectancy. As Lisa Schilling, director of practice research at the Society of Actuaries Research Institute, points out, uncertainty about how long
Darden Restaurants, the operator of popular dining brands such as Olive Garden and LongHorn Steakhouse, recently announced a mix of results for the fourth quarter of fiscal 2024. While the company exceeded earnings expectations, its sales slightly missed the consensus due to increased discounting by competitors. Despite this, Darden issued substantial dividends and committed to