As property values continue to soar, more Americans are finding themselves in a situation where they need to pay capital gains taxes on their home sale profits. According to a recent report from real estate data firm CoreLogic, nearly 8% of U.S. home sales in 2023 yielded profits exceeding $500,000, a significant increase from the
Oddity Tech, the Israeli cosmetics platform utilizing artificial intelligence to develop products, recently revealed its first-quarter results, which exceeded expectations. The company reported earnings per share of 61 cents adjusted, surpassing the anticipated 49 cents. Additionally, revenue reached $211.63 million, outperforming the $205 million that Wall Street analysts had projected. For the three-month period ending
In a groundbreaking move, cryptocurrency casino platform TG.Casino and Italian football giant AC Milan have forged a new partnership. This partnership, announced on May 7th, 2024, marks a significant step for both entities in the world of iGaming. TG Casino proudly announced their collaboration with AC Milan, becoming the football club’s Official Regional iGaming Partner
Broker-dealer firms are taking on a more substantial role in the primary market to compensate for the gap created by Citi’s departure from the municipal bond business. Panelists at the Bond Buyer’s Southeast Public Finance conference highlighted the significance of this shift, emphasizing that Citi’s exit had a considerable impact due to its significant balance
Apple experienced a surge in its stock price following Tim Cook’s announcement of the largest stock buyback in stock market history. However, this positive reaction cannot overshadow the fact that Apple’s revenue declined by 4% year-over-year, with iPhone revenue specifically dropping by 10%. While stock buybacks typically lead to an increase in stock prices, the
The U.S. dollar has seen a slight increase in early European trading after experiencing significant losses at the end of last week. Despite this slight recovery, the Japanese yen has retreated, even in the face of intervention threats. The Dollar Index, which measures the dollar against a basket of other currencies, has risen by 0.12%
Illinois has announced that it will be issuing $1.8 billion of general obligation bonds in order to fund accelerated pension benefit payments and capital expenditures through the Rebuild Illinois program. The bonds will be split into $250 million taxable Series 2024A and $1.55 billion tax-exempt Series 2024B. The fixed-rate bonds are set to be priced
John Williams, the President of the New York Federal Reserve Bank, recently discussed the timing of federal interest rate cuts at the Milken Institute’s Global conference. Despite the Federal Reserve’s reluctance to cut rates amid persistent high inflation, Williams hinted that rate cuts are inevitable. He emphasized the significance of monitoring various economic indicators to
The dream of owning a home has become increasingly out of reach for renters, as revealed by a recent survey conducted by the New York Federal Reserve. The survey, which was released on Monday, showed a record low of 13.4% of renters still holding onto hopes of “residential mobility,” down from 15% in the previous
Howard Schultz, former Starbucks CEO, recently commented on the struggling coffee chain’s latest quarterly report, stating that he believes the company has the potential to bounce back if it focuses on enhancing its U.S. stores. Despite no longer holding an official position at Starbucks, Schultz emphasized the importance of improving the mobile order and pay