Reported about 1 month ago
Source: INVESTORS
Reported about 1 month ago
After rolling over a 401(k) into an IRA, a reader faced a $1,500 penalty due to mandatory tax withholding. Despite completing the rollover within the required 60-day period, the withheld amount was considered taxable income, resulting in both taxes and penalties. To avoid such issues in the future, it's recommended to opt for direct rollovers, which bypass withholding and simplify the process.
Source: YAHOO
Reported about 1 month ago
Waymo's self-driving rides are now pricier than Uber and Lyft, yet demand continues, according to a recent report. The National Highway Traffic Safety Administration aims to expedite the exemption process for cars without traditional controls. Meanwhile, Waymo faced vandalism to its vehicles during LA protests, raising surveillance concerns. A significant Tesla robotaxi launch is set for June 22 in Austin, Texas, as the industry evolves with new technologies and partnerships.
Source: YAHOO
Reported about 1 month ago
Tensions escalated between Israel and Iran after an attack on Iranian military and nuclear sites, causing a surge in oil prices, with West Texas Intermediate crude nearing $73 a barrel. Analysts warn that a full-blown conflict could push prices above $100, affecting inflation rates as oil price increases could contribute to rising costs. However, a significant disruption of oil supplies, such as closing the Strait of Hormuz, is deemed unlikely. Most forecasts suggest that, barring major escalation, oil prices may stabilize as tensions ease.
Source: YAHOO
Reported about 1 month ago
Two leading cryptocurrency firms are close to obtaining licenses for operation across the European Union, amidst concerns regarding the rapid approval processes by certain countries like Malta. This comes as the EU's new Markets in Crypto-Assets (MiCA) regulation aims to unify crypto oversight akin to traditional finance, but regulators warn that uneven enforcement could undermine these goals. The anticipated licenses, particularly for Gemini and Coinbase, highlight the growing regulatory rift and potential challenges in maintaining consistent standards across the EU.
Source: YAHOO
Reported about 1 month ago
Israel's airstrikes on Iran threaten to disrupt U.S. energy prices, jeopardizing President Trump's claims of controlled inflation. The airstrikes have already caused oil prices to surge, raising concerns about potential future inflation and economic growth. Analysts warn that ongoing tensions could lead to higher prices at the pump, complicating Trump's economic narrative and his relationship with the Federal Reserve. As the summer driving season approaches, the potential for increased energy costs adds political pressure on Trump to manage inflation effectively.
Source: YAHOO
Reported about 1 month ago
Source: WSJ
Reported about 1 month ago
To secure funding, growing trucking companies must demonstrate strong financial management and operational stability rather than just ambition or hustle. Lenders prioritize clear financial reporting, consistent cash flow, and a well-structured plan for using funds over anecdotal success stories. This article outlines essential factors such as maintaining clean profit and loss statements, managing operating ratios, and effectively separating personal and business finances to enhance the chances of loan approval.
Source: YAHOO
Reported about 1 month ago
The recent Israeli attack on Iran has escalated tensions in the Middle East, potentially triggering price increases across various sectors, including energy, shipping, and consumer goods. With oil prices surging and shipping costs rising due to geopolitical conflicts, consumers may soon face higher prices for essentials. Despite current overall inflation being contained, analysts predict a rise in month-on-month inflation figures as companies anticipate further cost increases, which could pressure the Federal Reserve to reassess interest rates.
Source: YAHOO
Reported about 1 month ago
Source: BARRONS
Reported about 1 month ago
Source: BARRONS
Reported about 1 month ago
Source: BARRONS
Reported about 1 month ago
Source: INVESTORS
Reported about 1 month ago
Source: YAHOO
Reported about 1 month ago
DTTM Operations LLC, which manages Donald Trump's trademarks, has filed applications to use his name and the term T1 for mobile phone services, covering items like phones, cases, and battery chargers. This move may indicate plans for a Trump-branded telecom service aiming to challenge major players like Verizon and AT&T, marking a significant expansion for Trump's business beyond real estate and hospitality.
Source: YAHOO
Reported about 1 month ago
Baird has upgraded Urban Outfitters, Inc. (URBN) from 'Neutral' to 'Outperform', raising its price target from $75 to $90, indicating a 20% potential growth. The company's first-quarter results showed a significant 74% increase in net income, driven by improved margins. The success of its subscription business, Nuuly, expected to grow by 43% to $540 million this year, is critical for continued momentum, highlighting URBN as a promising investment in the retail sector.
Source: YAHOO
Reported about 1 month ago
Jefferies has raised the price target for Verona Pharma plc (NASDAQ:VRNA) to $110 from $95 following the impressive launch of its COPD treatment Ohtuvayre, which saw first-quarter sales of $71 million, nearly a 90% increase. Analysts predict peak sales could reach $3 to $5 billion, with expectations of achieving $1 billion in sales by 2028 due to the strong market demand and safety profile of the product. Despite its potential, some investors see better opportunities in AI stocks.
Source: YAHOO
Reported about 1 month ago
CompoSecure, Inc. CFO Tim Fitzsimmons will retire after 13 years, effective once a successor is appointed, likely by early 2026. He will continue to support the company as a consultant during the transition. CompoSecure reiterates its 2025 growth guidance, expecting mid-single-digit growth in sales and EBITDA. TD Cowen maintains a 'Buy' rating on CMPO stock, emphasizing the company's ongoing role in the premium card market.
Source: YAHOO
Reported about 1 month ago
Source: INVESTORS
Reported about 1 month ago
Insmed Incorporated (INSM) has experienced a significant 32% increase in its stock value over five days due to promising results from its Phase 2b trials of the pulmonary arterial hypertension (PAH) treatment, treprostinil palmitil inhalation powder (TPIP). The company plans to consult with the FDA regarding Phase 3 trials and has also submitted a New Drug Application for brensocatib aimed at treating non-cystic fibrosis bronchiectasis, with a review date set for August 2025.
Source: YAHOO
Reported about 1 month ago
Stifel has assigned a 'Buy' rating to Uber Technologies, Inc. (NYSE: UBER) with a price target of $110, projecting a nearly 27% upside as the company aims to meet 2024 growth targets. Uber's recent acquisition of Crown Taxi in Taiwan is poised to strengthen its market presence, pending regulatory approval. Analysts highlight the blend of AI and technology, positioning Uber not just as a transport provider but as an innovative business poised for sustainable growth.
Source: YAHOO
Reported about 1 month ago
Source: BARRONS
Reported about 1 month ago
BTIG Research has maintained its 'Buy' rating for Super Group (SGHC) Limited, increasing the price target to $11, citing strong potential in the sportsbook sector and projected revenue growth. Despite initial revenue guidance not impressing investors, the company's strategic focus on key regions like Africa and Canada, product innovation, and efficient cost management are seen as promising for future profitability.
Source: YAHOO
Reported about 1 month ago
GAMMA Investing LLC significantly raised its stake in Banco Macro S.A. (NYSE:BMA) by 9,810.7% in Q1 2025, enhancing ownership to 0.12% with a value of $5.87 million. This move follows an optimistic earnings report from Banco Macro, which outlined future strategies including capitalizing on acquisition opportunities amid a challenging banking environment in Argentina. Analysts predict a 44% price increase for BMA, showcasing its potential for growth.
Source: YAHOO