As the end of 2024 approaches, taxpayers are naturally turning their attention to the upcoming filing season. Understanding the tax brackets and rates for both 2024 (for income earned this year, filed in 2025) and 2025 (for income earned next year, filed in 2026) is crucial for effective financial planning. While the seven federal income…
A Crushing Blow to Cassava Sciences and Alzheimer’s Hopes Cassava Sciences (SAVA) stock experienced a devastating plunge on Monday, November 25th, 2024, plummeting over 80% and erasing billions in market capitalization. This dramatic downturn followed the announcement of the failure of its leading Alzheimer’s drug candidate, simufilam, in a pivotal Phase 3 clinical trial. The…
Janet Yellen’s career has been marked by a series of “firsts,” reflecting her significant contributions to economics and public service. She has consistently broken barriers, serving as the first woman to chair the Federal Reserve, the first woman to lead the U.S. Department of the Treasury, and the first person to have held both of…
The retail giant Macy’s finds itself in the spotlight, not for its holiday window displays, but for an unfolding financial scandal. Recent reports reveal a significant accounting discrepancy, with an employee allegedly concealing up to $154 million in expenses related to small package deliveries. This revelation has sent shockwaves through the financial world, delayed the…
Spirit Airlines (SAVE) finds itself in dire straits as its stock price plummeted dramatically, trading down over 64% in premarket trading on November 13, 2024. This devastating drop, hovering around $1.14 per share, follows news that the budget airline may be facing bankruptcy within weeks after merger talks with Frontier Airlines reportedly collapsed. The struggling…
The Consumer Price Index (CPI) for October 2024 reveals a mixed bag for the US economy. While the headline inflation rate cooled slightly, rising shelter costs continue to put pressure on household budgets. This latest report holds significant implications for the Federal Reserve’s monetary policy and the overall economic outlook. The CPI rose 0.2% in…
Rocket Lab, the end-to-end space company known for its Electron launch vehicle and spacecraft solutions, has seen its stock price skyrocket by as much as 50%, nearing an all-time high, following the release of impressive third-quarter results and the announcement of its first customer for the highly anticipated Neutron rocket. This surge in investor confidence…
As the leaves turn and we approach the end of 2024, news of impending changes to Medicare premiums for 2025 has sparked considerable discussion among beneficiaries and analysts alike. Recent announcements from the Centers for Medicare & Medicaid Services (CMS) have confirmed an increase in both Part A and Part B premiums, raising concerns about…
Today, November 11, 2024, marks Veterans Day, a day set aside to honor the men and women who have served in the United States military. Across the country, observances and ceremonies are taking place, while many businesses, including banks and government offices, have closed their doors in recognition of the holiday. Interestingly, the financial hubs…
Today, November 11, 2024, as the nation pauses to honor its veterans, the financial world presents a mixed picture. While the stock market continues its operations uninterrupted, the bond markets have closed in observance of Veterans Day. This split in activity has sparked renewed interest in the holiday schedules of different financial instruments. Reports confirm…
