The IRS is preparing to reduce its staff by a significant amount. This change is expected to happen after the current tax filing season wraps up. The IRS plans to cut up to 40% of its workforce. This means the number of employees will go from around 102, 000 to somewhere between 60, 000 and 70, 00
In the first three months of 2025, Bank of America shared its financial performance with the world. Those who are interested in the details can find them on the company's investor relations website. This site has all the important documents, including a news release and extra information. Inves
The first quarter of 2025 brought good news for Bank of America. The bank's earnings exceeded what experts had predicted. This success was driven by strong performance in areas like net interest income and trading revenue. The bank's earnings per share came in at 90 cents, beating the 82 cents
The ongoing trade tensions between the US and China are causing ripples in the tech industry. One company caught in the middle is NVIDIA. This firm is facing both hurdles and chances due to its important role in the AI sector. First, let's talk about Taiwan. This small island nation is a major play
The dollar saw a brief boost in the market after the U. S. decided to hold off on tariffs for certain electronics. This move was part of a larger strategy to ease tensions in the tech industry. However, the relief was short-lived. The president's comments about the tech exemption dampened the dollar
The US is teetering on the edge of a major economic downturn. It might even be worse than a simple recession. A seasoned investor with a knack for spotting trouble has sounded the alarm. Ray Dalio, who predicted the 2008 financial crisis, has warned about the instability caused by rec
Bonds and stocks are usually like a seesaw. When one goes up, the other goes down. This is because bonds are seen as safe, while stocks are riskier. So, when the economy is shaky, people usually buy more bonds. But lately, both bonds and stocks have been dropping at the same time. This is weird and
In today's economy, picking the right stocks is tricky. So, what's the best way to navigate this uncertain time? It's important to focus on companies that don't rely heavily on foreign markets. This way, investors can avoid the ups and downs of international trade policies. The current political
The mood among U. S. consumers has taken a nosedive. This is the fourth month in a row that sentiment has dropped. The latest figures show a sharp decline, with the University of Michigan’s consumer sentiment index hitting its lowest point since the COVID-19 pandemic. Over the past year, sentiment h
The global economy is on a wild ride. The tension between the United States and China is causing waves in the financial world. The latest move by China to raise tariffs on US goods to 125% sent shockwaves through the markets. The European markets felt the heat. The Stoxx Europe 600 index took a
