The federal government has taken a stern approach towards individuals with seriously delinquent tax debts, resulting in potential passport revocation or limitations. This enforcement mechanism, in place since 2018, serves as a last resort to collect unpaid tax levies. The threshold for seriously delinquent tax debt, currently over $62,000, includes federal tax liabilities, penalties, and
Finance
The latest quarterly reports from major Chinese companies have highlighted the need for careful stock selection amidst a challenging market environment. According to Lorraine Tan, director of Asia equity research at Morningstar, there has been a clear trend of weakness in the overall market with cautious guidance. However, certain companies have managed to outperform their
In light of the upcoming Federal Reserve’s interest rate decision in September, more investors are turning their attention to dividend stocks. Paul Baiocchi from SS&C ALPS Advisors believes this is a wise move given his prediction of the Fed easing rates. According to Baiocchi, investors are moving away from money markets and fixed income towards
Remote work has become a significant trend in the U.S. labor market, gaining prominence during the Covid-19 pandemic and showing no signs of disappearing anytime soon. Economists point out that this shift in work dynamics is one of the most significant changes seen in the labor market over the past few decades. The concept of
Crocs saw a positive movement in premarket trading after an upgrade to buy from hold by Williams Trading. This upgrade was based on the company’s decision to sign actress Sydney Sweeney as a spokesperson for its Heydude brand. As a result, Williams Trading believes that this move could help to reverse the negative sales trends
The recent downward revisions to U.S. payrolls have sparked concerns about the overall health of the economy and whether a recession may be looming. However, it is essential to compare the current situation with historical data to gain a better perspective. Looking back at the 2009 revisions, which were the largest since that time, several
In light of recent market volatility, investors are seeking ways to protect their portfolios from potential downside risk. One such option that has gained attention is buffer exchange-traded funds (ETFs). These ETFs are designed to offer a level of protection against market downturns, making them an attractive option for those looking to mitigate risk while
Rocket Lab, a prominent space company, witnessed a remarkable surge of more than 16% in midday trading. This significant increase came on the heels of the company’s successful packing and shipping of two Mars-bound spacecraft to Cape Canaveral, Florida, for launch. These spacecraft, meticulously designed, built, integrated, and tested by Rocket Lab for the University
Cisco Systems saw a 6% increase in its stock after reporting an earnings and revenue beat for its fiscal fourth quarter. The company posted adjusted earnings of 87 cents per share on revenue of $13.64 billion, surpassing analysts’ expectations. Despite the positive news, Cisco announced it would be cutting 7% of its global workforce, marking
UBS CEO Sergio Ermotti recently commented on the market volatility and the potential for a slowdown in the U.S. economy during the second half of the year. While there are concerns about weak economic data and fears of an economic downturn, Ermotti does not believe the U.S. is heading into a recession. He stated that