In recent years, the federal government has been increasing its efforts to enforce tax compliance by threatening to revoke the passports of individuals with seriously delinquent tax debts. This change has not gone unnoticed by experts in the field, who have seen a surge in such enforcement actions. The threshold for a seriously delinquent tax
Boeing’s Starliner capsule, which delivered NASA astronauts to the International Space Station (ISS) in early June, is now set to return to Earth without its crew on board. This decision, announced by NASA, comes as a surprise and marks a significant shift in plans for the spacecraft. Originally intended to bring the astronauts back, the
When it comes to planning for retirement, maximizing your 401(k) contributions is often seen as a wise financial move. However, financial advisors suggest that this may not be the best option for everyone. While it is true that employees can defer up to $23,000 into their 401(k) plans for 2024, with an additional $7,500 for
Federal Reserve chair Jerome Powell recently hinted at potential interest rate cuts, which would be the first time in over four years. This news has left investors contemplating their next moves in light of this impending policy shift. Financial advisors suggest that while the overall sentiment may be positive, investors should approach this development with
Amid a rise in Covid cases this summer, the Biden administration announced on Friday that it will be providing free at-home Covid-19 tests to American households starting in late September. This initiative comes as a response to the heightened spread of the virus in the U.S. and aims to assist in keeping families safe during
The recent data breach at National Public Data has sent shockwaves throughout the cybersecurity community, with reports suggesting that billions of personal records may have been exposed. While the breach has raised concerns about the security of personal information, experts are pointing out that much of the data leaked was already publicly available. In this
Federal Reserve Chair Jerome Powell hinted at potential interest rate cuts in his keynote address at the Fed’s annual retreat. While he did not provide specific details on timing or extent, Powell emphasized the need for policy adjustments. The decision on rate cuts will depend on incoming data, the evolving economic outlook, and the balance
The recent data coming out of Monterey Car Week indicates a noticeable shift in the classic car market. Auction sales during the event dropped by 3% compared to the previous year, with total sales at the five car auction houses falling to $391.6 million from $403 million. This decline is part of a larger trend,
In a surprising turn of events, shareholder returns for top homebuilders D.R. Horton and Lennar have outpaced the wider S&P 500 between August 2014 and August 2024. Analysts, however, have downgraded the investment outlook of both companies this summer. Despite this, some investors remain optimistic about the industry’s prospects for performance. Industry observers have noted
The Covid-19 pandemic brought about a significant change in the U.S. labor market with the rise of remote work. Economists suggest that this trend is not just a passing phase but has become a permanent fixture. According to Nick Bunker, the economic research director for North America at Indeed, the work-from-home revolution is one of