In a significant move to assist eligible taxpayers, the Internal Revenue Service (IRS) recently announced that it will distribute automatic “special payments” of up to $1,400 to approximately one million taxpayers who missed claiming the 2021 Recovery Rebate Credit. This proactive strategy marks an important step in ensuring that eligible individuals receive the financial support
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The growing prevalence of artificial intelligence (AI) has sparked a new wave of interest among everyday investors. AI technologies are now embedded in various aspects of modern life, prompting many, particularly young investors, to rethink their financial strategies. For example, Michael MacGillivray, a 25-year-old investor from Michigan, perceives a direct link between AI advancements and
On a Tuesday morning that began like any other during a peak travel season, American Airlines found itself at the center of a disruption when it briefly grounded all its U.S. flights due to technical difficulties. The grounding was instigated by issues related to the airline’s network hardware and its operational systems, which are managed
A coalition of financial institutions and business organizations has initiated legal proceedings against the Federal Reserve, challenging the methodology and transparency of its annual bank stress tests. The Bank Policy Institute (BPI), which serves as a representative body for major banks including JPMorgan, Citigroup, and Goldman Sachs, is at the forefront of this lawsuit. They
The iconic Christmas classic “Home Alone” has delighted audiences since its release in 1990. Beyond its slapstick humor and heartwarming themes, the film presents a perplexing yet rather engaging financial narrative centered around the fictitious McCallister family. As viewers have revisited this beloved holiday film, a curious inquiry has arisen: just how affluent were the
As the festive season approaches, consumer spending intensity peaks, resulting in unprecedented sales figures that retailers are eager to celebrate. However, lurking beneath the excitement of boom sales lies the complex and often burdensome issue of product returns. This post-holiday spike in return activity has garnered a unique moniker – “Returnuary.” According to the National
As the holiday season draws near, media executives often take the opportunity to look ahead and share their visions for the upcoming year. This year’s predictions for 2025 are particularly intriguing, providing insight into the potential trajectories of major players within the entertainment industry. Given the dynamic nature of media, these predictions emphasize how pivotal
In a significant move, the Federal Reserve has lowered its benchmark interest rate by a quarter percentage point, marking the third consecutive reduction in its efforts to recalibrate monetary policy amid shifting economic dynamics. This latest adjustment brings the overnight borrowing rate to a target range of 4.25% to 4.5%, reverting it to levels last
As the holiday season approaches, the looming specter of a government shutdown adds an element of unpredictability that could significantly impact millions of travelers. With lawmakers currently unable to reach an agreement on a short-term funding bill, tensions are mounting as the December deadline nears. Without resolution, a government shutdown could begin as early as
In a noteworthy development, the real estate market showed signs of vitality as sales of previously owned homes increased by 4.8% in November compared to October, according to data released by the National Association of Realtors (NAR). This boost brought the seasonally adjusted annualized sales rate to approximately 4.15 million units, representing a 6.1% increase