The ongoing debate surrounding the federal state and local tax (SALT) deduction cap has gained new momentum with the introduction of a bill by New York Republican Rep. Mike Lawler. This proposed legislation seeks to revamp tax policies that have long been a point of contention for residents in high-tax states. With support from President-elect
On a significant day for investors and stakeholders alike, Moderna announced a substantial downgrade to its 2025 sales forecast during a press release on Monday. The firm revised expectations down by roughly $1 billion, highlighting a challenging environment shaped by increased competition and changing consumer behavior. The adjusted forecast, which now predicts revenues between $1.5
Morgan Stanley has recently enacted a significant revision to its forecasts regarding Tesla, suggesting a bullish sentiment towards the electric vehicle company. Analyst Adam Jonas has set a new price target of $430 per share, indicating a potential upside of approximately 9% based on current market valuations. This outlook is not merely a reflection of
In recent days, the U.S. dollar has shown remarkable strength against a backdrop of fluctuating global economic indicators. This surge can largely be attributed to the recent U.S. jobs report, which has left markets reevaluating the potential trajectory of monetary policy under the Federal Reserve. In a world where currencies ebb and flow based on
The landscape of U.S. transportation infrastructure is at a pivotal juncture, particularly following significant federal investments over the past few years. The recent announcements by the Department of Transportation (DOT) regarding state grants amid a shifting leadership paradigm brings both optimism and concern. As the Biden-Harris administration prepares for a transition, the long-term implications of
The realm of cryptocurrency is often shrouded in mystery, particularly when it comes to the strategic maneuvers of sizable investors, colloquially known as “whales.” Recently, the spotlight has fallen on a whale who executed a highly scrutinized transaction involving 1,850 Bitcoin, equivalent to a staggering $175.7 million. This transaction has raised eyebrows across the cryptocurrency
The New York Metropolitan Transportation Authority (MTA) is embarking on a notable financial initiative that could reshape how it raises capital for its operations. This article delves into the implications of the MTA’s decision to issue bonds backed by its real estate transfer tax, often referred to as the “mansion tax.” By analyzing the unique
The latest data from the National Association of Realtors (NAR) reveals a promising uptick in existing home sales. In November, sales of previously owned homes experienced a noteworthy increase of 4.8% compared to October, reaching an annualized rate of approximately 4.15 million units. This trend signifies a robust performance, marking a 6.1% increase from the
Recently, the U.S. dollar index has experienced a notable rally, reaching levels not seen in many years. As of last Friday, it impressed observers by climbing to an impressive high of 109.67, with intraday peaks touching 109.91. This surge has sparked discussions among financial strategists about the implications of such strength and whether it signals
The recent wildfires in Los Angeles have prompted significant operational changes for airlines serving the region. In response to the challenging conditions, carriers like American Airlines, United Airlines, and Southwest Airlines have enacted travel waivers for affected customers. This article delves into the repercussions of these wildfires on air travel, assessing both immediate impacts and