As inflation has cooled down, taxpayers can expect to see relatively slight changes ahead in the annual inflation adjustment for tax brackets and some tax breaks for 2025. The Internal Revenue Service on Tuesday announced the annual inflation adjustments for standard deductions, marginal tax rates, earned income tax credits, adoption credits and more for 2025. Overall, for example, we’re talking about roughly a 2.7% inflation-related adjustment that would apply to the standard deduction. The earned income tax credit is adjusted for inflation and will go up in 2025. File: A sign for Detroiters to claim their earned income tax credit…
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Investors who want to target exposure to macroeconomic risks in their equity investments can enhance the robustness of those portfolios with a new strategy that delivers more consistent exposures to macroeconomic factors. That’s the critical takeaway of Graham and Dodd Award of Excellence-winning research from Mikheil Esakia and Felix Goltz. In “Targeting Macroeconomic Exposures in Equity Portfolios: A Firm-Level Measurement,” which earned the 2023 Graham and Dodd Top Award, Esakia and Goltz demonstrate how investors can more precisely target stock portfolios’ economic risk exposure than with strategies that allocate across sectors or equity-style factors. I spoke with Esakia, a senior…
In a remarkable display of resilience and growth, RCG Corporation’s stock has soared to a 52-week high, reaching a price level of $2.15. This milestone underscores the company’s strong performance over the past year, which is further highlighted by an impressive 1-year change showing a 23.66% increase. Investors have shown increased confidence in RCG’s strategic direction and market position, as evidenced by the stock’s robust ascent to this new high. The company’s ability to adapt and thrive in a dynamic economic environment has been a key driver of its stock’s upward trajectory, signaling a positive outlook for its future financial…
A 1957 Chevy two-door Post, reimagined as a sinister speed machine, the Rotten Banana is a testament to the power of restomodding. Its vintage yellow patina, a stark contrast to its modern performance, hints at its dual nature. While its exterior maintains the classic charm of the Tri-Five era, its interior and engine bay tell a different story. Inside, the Rotten Banana is a stark departure from the original. The once simple bench seats have been replaced with modern, performance oriented bucket seats. The dashboard has been upgraded with a custom instrument cluster, and the entire interior has been wrapped…
When envisioning the 1984 Mustang, most enthusiasts picture the iconic 5.0 liter V8 powered muscle car. However, this particular example, showcased in these photos, tells a different story. Despite its original V8 engine, this Mustang has a troubled past. A devastating engine fire has left it in a state of disrepair, earning it a salvage certificate. Now, it’s up for sale with a wrecked engine and a 5-speed manual transmission. While this news might disappoint those seeking a ready to drive a classic, the opportunity remains for someone with the mechanical know how and resources to restore this Mustang to…
In a first-of-its-kind initiative to incentivise for adoption of environmentally sustainable agriculture practices, small holders farmers across eight states including Uttar Pradesh, Madhya Pradesh, Haryana, Punjab and Maharashtra would be financially rewarded with carbon credit soon. According to Umang Agarwal, head, carbon, Grow Indigo, a joint venture between domestic seed major Mahyco and US-based Indigo, the audit of the first regenerative agriculture carbon programme has been completed under the carbon standard (Verra) protocol, which is a global voluntary greenhouse gas (GHG) reduction programme. “On the basis of certification by Veera, the carbon credit will be awarded to farmers in the…
In a remarkable display of market confidence, AXA Equitable Holdings Inc (NYSE:) stock has reached an all-time high, touching $46.15. This milestone underscores a period of significant growth for the company, reflecting a bullish sentiment among investors. Over the past year, EQH has witnessed an impressive 71.72% increase in its stock value, a testament to the company’s strong performance and potential for future gains. This surge to record levels positions EQH favorably in the eyes of both current shareholders and potential investors, signaling a robust financial outlook for the firm. In other recent news, AXA Equitable Holdings Inc. demonstrated strong…
The Plymouth Duster, a popular muscle car in the 1970s, received a significant styling update for the new decade, featuring more aggressive lines. Despite this, the car continued to be offered with a mix of six-cylinder and V8 engines. The six cylinder options, designed for improved fuel economy, displaced 198 and 225 cubic inches, while the V8s came in 318 and 340 cubic inch configurations. The Duster 340, the high performance version available early in the decade, delivered 275 horsepower but commanded a premium of $400. In 1973, the Duster lineup expanded with the introduction of new special models, including…
Investing.com — Altair Engineering surged Tuesday as the engineering software maker is exploring a potential sale, Reuters reported, citing unnamed sources. Altair Engineering Inc (NASDAQ:) was up more than 6% in recent trading Tuesday following the news. The Troy, Michigan-based company, which has a market capitalization of nearly $9 billion, has tapped investment bankers to gauge interest from potential suitors, the sources told Reuters. If talks progress favorably, a deal could potentially be inked in the coming weeks, one source told Reuters, though the prospect of a deal isn’t guaranteed and the company may opt to remain independent, Potential bidders…
The Honda Prelude, a legendary nameplate that first graced the roads in 1978, has been given a new lease on life. After a hiatus of over two decades, Honda revealed a hybrid coupe concept at the 2023 Japan Mobility Show, signaling a return for the iconic model. Now, spy photos have emerged of the production version undergoing testing in Germany, revealing a design largely faithful to the original concept. With its sleek lines, full width LED bar, and pop out door handles, the sixth generation Prelude boasts a striking appearance reminiscent of the Civic Hybrid in a coupe body. Honda…