Kamala Harris’s proposal to impose a 25% tax on unrealized capital gains is an economic disaster waiting to happen. The concept of taxing unrealized gains—profits that exist only on paper—means individuals would be required to pay taxes on increases in the value of their assets even if they haven’t sold them. This approach not only…
As of January 1, 2025, California drivers will be experiencing a significant increase in their auto insurance premiums, following the implementation of Senate Bill 1107. This law, signed by Governor Gavin Newsom in 2022, has raised the minimum auto coverage requirements across the state, leading to higher costs for motorists. The new law has doubled,…
Introduction: The Rise of a Leader Brian Niccol, the outgoing CEO of Chipotle (CMG), has often been described as a “beast” by those who have worked with him, especially during his time at Procter & Gamble (PG). This title isn’t just about his strong personality; it reflects his relentless work ethic and ability to drive…
Cisco Announces Another Major Layoff Cisco Systems, a leading technology company based in San Jose, California, has announced a significant layoff, the second major one this year. The company is set to cut 7% of its workforce, which means approximately 5,900 employees will lose their jobs. This decision is part of Cisco’s strategic shift to…
The transportation and logistics sector has seen a significant increase in Chapter 11 bankruptcy filings in recent times. Various factors, including rising operational costs, declining demand, and intense competition, have led many companies to seek financial restructuring through bankruptcy. This article explores some of the most recent cases, highlighting the challenges these companies have faced…
Many older people in the United States are finding that their Social Security payments are not enough to cover basic food costs. Although Social Security benefits are supposed to increase each year to help with rising prices (this increase is called a cost-of-living adjustment, or COLA), these increases are not keeping up with how much…
Update: Home Depot reported revenue of $43.18 billion, compared to $43.79 billion expected, while adjusted earnings per share came in at $4.67, compared to estimates of $4.52. The home improvement retail industry is currently facing a challenging landscape, marked by recent high-profile bankruptcies that could foreshadow a cautious outlook for Home Depot’s upcoming earnings release….
The Treasury Department has raised concerns about Florida’s new anti-woke banking law, warning it could potentially allow criminals to exploit the U.S. financial system. This law, signed by Florida Governor Ron DeSantis in May, prohibits banks from considering non-financial factors such as politics, religion, or environmental, social, and corporate governance (ESG) when conducting business. This…
As Florida braces for the inevitable impact of a Category 5 hurricane, the state’s financial resilience is under scrutiny. Citizens Property Insurance Corp. (CPIC), Florida’s largest insurer, has requested a 13.5 percent rate hike. With 1.3 million policyholders as of 2023, if CPIC becomes insolvent, all Floridians with any type of insurance, including condo owners,…
Intel (INTC) has recently left investors in shock and awe as shares of the chip giant plummeted roughly 25% on Friday morning. This sharp decline followed quarterly earnings on Thursday that could only be described as brutal. The company’s ticker page on Yahoo Finance became the most visited this morning, surpassing Amazon (AMZN) and Apple…
