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Remote work has become a significant trend in the U.S. labor market, with economists noting that it has become a major shift in recent decades. According to Nick Bunker, the economic research director for North America at Indeed, the work-from-home revolution is still going strong and is likely to remain a prominent feature for a
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Managing taxes in retirement can be a complex process, especially for retirees who have income from various sources such as Social Security, pensions, retirement plans, and other investments. While quarterly estimated tax payments are typically required to avoid IRS penalties, there are lesser-known year-end strategies that can help retirees stay on top of their tax
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The National Association of Realtors reported a 1.3% rise in closed sales of previously owned homes in July compared with June, marking the first increase in five months. However, sales were still down by 2.5% compared to the same time last year. The Northeast experienced the largest gains in sales, while the Midwest remained relatively
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Shares of Danish biotech company Bavarian Nordic surged by 13% following the announcement of better-than-expected earnings for the second quarter and a significant vaccine order from an undisclosed European country amidst the ongoing mpox outbreak. The company reported revenues of 1.43 billion Danish krone and an operating profit of 420 million krone, surpassing analyst estimates.
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After diligently contributing to pretax retirement accounts throughout your working years, you will eventually come face-to-face with required minimum distributions (RMDs) in retirement. These mandatory withdrawals can pose a challenge for retirees who do not necessarily need the money right away, especially since they can result in higher taxes. However, financial experts suggest that RMDs
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The rise of online sports betting has been a double-edged sword, particularly for financially distressed individuals. A recent paper titled “Gambling Away Stability: Sports Betting’s Impact on Vulnerable Households” highlighted the negative consequences that come with the rapid expansion of sports betting following the Supreme Court’s overturning of a federal prohibition in 2018. The paper
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Ford Motor’s recent announcement about delaying production of a next-generation all-electric pickup truck and canceling plans for a three-row electric SUV signifies a significant shift in focus for the company. Instead of pursuing these specific electric vehicles, Ford has decided to prioritize the development of hybrid models and electric commercial vehicles. This decision reflects Ford’s