The Internal Revenue Service (IRS) recently announced plans to target wealthy executives who may be utilizing company jets for personal trips while claiming the expenses as business-related for tax purposes. This initiative is part of a broader effort to enhance revenue collections through new audit strategies. The focus will be on large corporations, partnerships, and
The weekend box office is set to see three new wide releases, including Drive-Away Dolls, Demon Slayer: Kimetsu No Yaiba -To The Hashira Training, and Ordinary Angels. Despite these new additions, it is expected that Paramount’s Bob Marley: One Love will continue to dominate with a projected $15M in its second weekend. The second weekend
Nvidia’s Data Center business has recently reached a significant milestone, with $18.4 billion in fourth-quarter sales. This impressive figure highlights the company’s continued success in capitalizing on the ongoing boom in artificial intelligence. The data center unit of Nvidia experienced an astounding 409% growth compared to the previous year, surpassing expectations set by analysts. This
The recent drop of 28% in Palo Alto Networks shares has left investors concerned about the future of the cybersecurity hardware and software maker. This decline in stock value comes after the company lowered its full-year revenue guidance. Despite a significant increase in stock value in 2023 due to a rise in cyberattacks on various
In a surprising move, Lionsgate’s highly anticipated John Wick spinoff Ballerina, starring Ana de Armas, has been delayed for a year, now set for a June 6, 2025 release date. This decision was made as Chad Stahelski, the mastermind behind the John Wick franchise, signed a new deal with Lionsgate to expand his role in
Boeing recently announced that the head of its 737 Max program, Ed Clark, is stepping down in light of a panel blowout incident during an Alaska Airlines flight. This incident caused a brief federal grounding of the aircraft type and led to increased scrutiny of Boeing’s operations. In his place, Katie Ringgold will take over
Nvidia experienced an impressive climb of over 8% in after-hours trading, fueled by record quarterly revenue primarily from its artificial intelligence business. The total revenue soared by an astounding 265% compared to the previous year, largely driven by robust sales of AI chips for servers. On the contrary, Lucid Group witnessed a sharp decline of
One of the companies that made headlines in midday trading was Nvidia, which saw a 2.9% decline during trading. This drop followed a more significant loss of over 4% the day before its quarterly earnings report. Investors are eagerly awaiting the results as they hope to gain insights into the longevity of Nvidia’s growth cycle.
Arc Boat Company has recently unveiled its newest creation, the Arc Sport – an electric boat designed specifically for wake sports enthusiasts. This innovative model follows the success of the Arc One, a limited-edition luxury cruiser that received widespread acclaim. The company, known for its commitment to sustainability and innovation, is now gearing up for
The recent figures released by the Office for National Statistics reveal that the United Kingdom achieved a remarkable net budget surplus of £16.7 billion ($21.1 billion) in January 2024. This surplus is particularly notable given the context of the country’s public finances, which traditionally run a surplus in January compared to other months. The surge