The recent escalation of wildfires in California, particularly around Los Angeles, has ignited a wave of anxiety among investors, leading to a sharp decline in shares of Edison International, the parent company of Southern California Edison. On a difficult Wednesday, the stock plummeted by 10.2% at one point, reflecting pervasive fears within the investment community
The intricate interplay between economic policy and geopolitical dynamics has long been a cornerstone of economic discourse, particularly when it comes to the United States Federal Reserve’s decision-making. In a recent disclosure of minutes from the December meeting, Federal Reserve officials conveyed a palpable sense of trepidation regarding inflation trends and the potentially disruptive policies
In a striking display of market confidence, AppLovin’s stock surged by an extraordinary 45% on Thursday, elevating its valuation significantly. This leap was primarily fueled by the company’s optimistic forecasts, which exceeded analysts’ predictions, alongside impressive earnings and revenue figures. Trading soared past the $245 mark during early afternoon sessions, marking a staggering 515% increase
Navigating the labyrinth of tax obligations can be daunting for many, especially when it comes to estimated tax payments. For 2024, that crucial deadline falls on January 15. Missing this date could result in unforeseen financial penalties as highlighted by the Internal Revenue Service (IRS). Individuals who earn income without standard withholding—such as freelancers, small
If you’re considering an international journey this year, you might be in for a pleasant surprise: long-distance flights have become more accessible than ever. Recent statistics from flight analytics service Hopper indicate a notable decrease in flight fares, particularly for journeys spanning across continents. This trend emerges primarily from an increase in airline capacity and
The recent enactment of the Social Security Fairness Act heralds significant changes for nearly 3 million beneficiaries of the Social Security program. Signed into law by President Joe Biden, the legislation aims to rectify long-standing inequities affecting those whose benefits were diminished due to public sector pensions. With the promise of increased payments and lump-sum
On Wednesday, the enthusiasm surrounding quantum computing stocks took a significant hit when Nvidia CEO Jensen Huang provided a sobering forecast regarding the timeline for practical quantum computers. His assertion that it could take 15 to 30 years to develop truly useful quantum technology ignited a steep decline in several key players within this nascent
As we step into 2025, many individuals are poised to see an increase in their bank balances thanks to alterations in the IRS tax brackets. These changes, revealed in October 2024, include an approximate 2.8% rise in federal income tax thresholds compared to the more significant 5.4% adjustment seen the previous year. The more tempered
Delta Air Lines has made a significant change to its travel loyalty landscape by announcing a new partnership with Uber, set to launch this spring. This move marks the end of an eight-year relationship with Lyft, a period that has seen both companies compete for a larger share of the ride-hailing market. By linking its
For many borrowers, the return of student loan payments after an extended pause can be daunting. However, there lies a silver lining in the realm of personal finance—the student loan interest deduction. This provision allows qualifying individuals to deduct up to $2,500 in interest paid on eligible federal or private educational loans from their taxable