Daily Updates

In an interview, hedge fund Sky Bridge’s Anthony Scaramucci said that Bitcoin’s price could reach $170,000 next year due to increased demand for newly listed exchange-traded funds and April’s halving event.  The SkyBridge founder said, “If bitcoin's at $45,000 on the halving, where it roughly is right now, it'll be $170,000 by mid-to-late 2025.” The…

U.S. jobs growth surged unexpectedly in December as the Bureau of Labour Statistics reported that the U.S. economy added 216,000 jobs in December, ahead of November’s 199,000 new jobs.  The number of jobs far exceeded economists’ expectations of 170,000 during the month. This marks another strong month for a labour market that never delivered the…

It is crucial to understand your income tax bracket and federal tax rate regardless of your income level as they both play a major role in determining your final tax bill. There are seven federal income tax rates in 2023 and 2024: 10%, 12%, 22%, 24%, 32%, 35% and 37%. The IRS has announced its…

Electric car manufacturer Tesla(TSLA) is recalling more than 1.6 million Model S, X, 3, and Y electric vehicles in China, its second-largest market, over issues with their automated assisted steering and door latch controls.  China’s State Administration for Market Regulation(SAMR) announced the recall on Friday and also said that Tesla Motors in Beijing and Shanghai…

The Free Application for Federal Student Aid(FAFSA) filled out by millions of families is getting an overhaul and is now available. The redesigned FAFSA has soft launched for the 2024-25 academic year and is available intermittently at FAFSA.gov. However, individuals can still submit the 2023-24 FAFSA until June 30, 2024.  The Department of Education’s Free…

After a financially tumultuous 2023, more and more Americans are making New Year’s resolutions to manage their finances better, set up an emergency fund, pay down credit card debt, and more in 2024.  According to a study by Allianz Life Insurance Co., 48% of surveyed Americans said that they are likely to keep a resolution…

With 2023 approaching its end, we have brought our top 5 stories from 2023 that had the biggest impact on the overall economy. From the feds lowering interest rates to high mortgage rates to student loan payments, there were plenty of stories in 2023 that influenced the economy and the general public.  The past year…

Shares of Boeing(BA) fell Thursday after the Federal Aviation Administration said it was monitoring “targeted inspections of 737 MAX aeroplanes to look for a possible loose bolt in the rudder control system.”  Boeing informed regulators and airlines of the possible mishap after an unspecified airline discovered a bolt with a missing nut during a routine…

Shares of CarMax(KMX) soared as much as 13% on Thursday and settled close to 5.2% after the biggest U.S. used-car retailer beat earning estimates as it sold more vehicles in the wholesale market and restarted its share repurchase program.  For its fiscal third-quarter ended November 30, CarMax’s revenue declined 5.5% year-over-year to $6.15 billion, missing…

Management consulting firm AON(AON) said on Wednesday that it would buy middle-market insurance broker NFP in a cash and stock deal worth $13.4 billion to tap the middle-market segment of insurance brokerage, wealth management, and retirement plan advisory.  The deal will be funded by $7 billion cash and $6.4 billion of Aon stock. Aon said…