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Americans are spending their tax refunds differently this year - and it says a lot about this economic moment
Many Americans swimming in high prices and deepening debts are turning to their income-tax refunds as a life jacket. Tax refunds are the biggest single payment some people receive all year; common ...
The IRS is pulling back on some audits - but not everyone can breathe a sigh of relief
The tax collector pledged to do more audits of rich people and businesses under former President Joe Biden's administration - but for most others, the chances of an audit were already quite low. The ...
Bond market is the Achilles' heel of Trump's 'big, beautiful' budget bill, say investors
U.K. Prime Minister's Liz Truss's government in 2022 sparked a mini budget crisis that forced a pivot, and eventually left her out of a job. James Carville, a Democratic political adviser, years ago ...
The IRS is pulling back on some audits - but -2-
Yet there still is the IRS's 2022 pledge not to use any Inflation Reduction Act money to increase audits on people making under $400,000, and the tax agency's challenges following the pledge. "We will ...
Albertsons warns of lower-than-expected profit ahead as it gears up to go it alone
Albertsons said it now expects fiscal 2025 adjusted earnings to range from $2.03 to $2.16 a share, well below the $2.28 FactSet consensus. It expects same-store sales to grow 1.5% to 2.5%, while ...
EU Discusses Non-Tariff Barriers, Semiconductors with U.S. in Trade Talks
"EU standards, particularly as they relate to food health and safety are sacrosanct," Olof Gill, a commission spokesperson, said on Tuesday after the EU's trade commissioner Maros Sefcovic flew to ...
Citigroup delivers 'strong quarter' as profit increases by 21%
Citigroup's first-quarter profit rose about 21% to $4.1 billion, or $1.96 a share, from $3.4 billion, or $1.58 per diluted share, in the year-ago quarter. Wall Street analysts expected the bank to ...
Johnson & Johnson raises sales outlook, even with tariff costs accounted for
Johnson & Johnson maintained its full-year 2025 adjusted earnings outlook of $10.50 to $10.70 a share, or 6.2% growth from a year ago at the midpoint.
Bank of America profit jumps 10%, but CEO Moynihan warns of 'a changing economy'
Bank of America's first-quarter profit climbed about 10% to $7.4 billion, or 90 cents a share, from $6.7 billion, or 76 cents a share, in the year-earlier quarter. The bank topped the FactSet ...
Albertsons' stock slides 5% as soft guidance overshadows earnings beat
Albertsons said it now expects fiscal 2025 adjusted EPs to range from $2.03 to $2.16, well below the $2.28 FactSet consensus. It expects same-store sale to grow 1.5% to 2.5%, while FactSet is ...
Stocks that benefit from chaos are helping a husband-and-wife investing duo beat the competition
Johnson & Johnson (JNJ) shares are up after a profit and revenue beat and raised guidance. Bank of America (BAC) is also rising after topping Wall Street's earnings and revenue targets. PNC Financial ...
Honda Motor Mulls Auto Manufacturing Relocation into U.S. From Canada, Mexico, Nikkei Reports
-- Automaker Honda Motor plans to move its car production out of Canada and Mexico and into the U.S. in response to Trump's 25% tariffs on imported vehicles, according to a Nikkei report.