Author: starbpo

Greetings, Quentin When Trump gets office, I’m really concerned about a recession. My retirement savings are causing me anxiety. My late husband’s medical problems required us to spend almost all of our funds. It is a fact that I am far, much luckier than most others, even yet I am not “rich.” The value of my paid-off house is approximately $425,000. In addition, I have a one-bedroom condo that is worth roughly $240,000 and has finally been paid off. It’s rented out. My monthly take-home pay is $1,000 after expenses like insurance, HOA dues, and property taxes. After my husband…

As the president says goodbye to the White House, U.S. stocks ended Joe Biden’s tenure on a positive note. With the S&P 500 SPX up more than 55% since he took office on January 20, 2021, the 46th president of the United States is ending his tenure in the White House. According to Dow Jones Market Data, the tech-heavy Nasdaq Composite COMP surged about 46% during the same time period, while the Dow Jones Industrial Average DJIA increased more than 39%. However, according to Dow Jones Market Data, the S&P 500 recorded its weakest gains since Barack Obama’s second term…

“Unfortunately, increasing the [SALT] cap gives local governments permission to raise taxes even further.”The former Republican leader of the House Ways and Means Committee, Kevin Brady Calls to remove the cap on state and local tax deductions were pushed back Wednesday by the man who drafted Donald Trump’s 2017 tax code. He claimed that doing so would merely cause local Democrats in blue states to raise taxes, lessening the economic benefits of a lower federal tax regime. The remarks were made at a press conference hosted by the Alliance for Competitive Taxation. Kevin Brady, a former Texas representative who chaired…

The U.S. Supreme Court is scheduled to hear arguments on Friday over a bipartisan bill that would ban TikTok on January 19 if it remains under the ownership of its Chinese parent firm, ByteDance Ltd., thus the video-sharing app will be battling for its existence. Naturally, TikTok’s demise might provide its publicly traded rivals a significant boost. According to Benchmark analysts, TikTok’s U.S. ad revenue was forecast at $10.1 billion last year and might reach $12.8 billion this year. They estimate that 80% or 90% of the income, which might be up for grabs, would go to Alphabet Inc. (GOOG)…

Businesses from a variety of sectors have changed course to capitalize on the AI trend. This week, Nvidia promoted its new Vera Rubin portfolio, highlighting processors that are more potent and energy-efficient than its predecessors. However, this does not imply that processors use less energy simply because they are more efficient. The chips will need significantly more power since they will be so much more capable than they were previously, which will exacerbate the electricity shortage that already affects the major artificial intelligence players. According to Matthew Sallee, head of investments at Tortoise Capital, “a couple of years ago, it…

It is anticipated that OpenAI would raise $750 billion, which is 50% more than its prior estimated valuation of $500 billion. It remains to be seen if the developers of well-known AI chatbots will be able to come up with commercial plans that make their large investments worthwhile. However, that hasn’t stopped those businesses from increasing their profits in the private sector. As demonstrated by xAI’s statement on Tuesday that it had raised $20 billion in a Series E round, surpassing its $15 billion objective, valuations for some of the largest AI unicorns continue to rise. Elon Musk founded the…

California and other Democratic-leaning states are leading the way in possible tax increases on extremely wealthy Americans. What follows? The topic of how much more taxes America’s ultra-wealthy should pay has come up again in the new year. In 2026, persistent questions in the tax-the-rich debate may finally receive better answers, but the battle for higher taxes for the 1% is not new. Jared Walczak, a senior fellow at the Tax Foundation, stated, “I believe that 2026 has the potential to be a very significant year for wealth taxes, simply because we’re going to learn something.” These responses can include:…

In a social media post on Friday, President Donald Trump announced that he would set a 10% maximum on credit card interest rates for the upcoming year. In a social media post on Friday night, President Donald Trump stated that he will cap credit card interest rates at 10% for a year, fulfilling a campaign pledge to lower the cost of carrying credit card debt for Americans. According to SoFi, credit card interest rates can range from 17.69% for a person with “excellent” credit to 35.99% for a person with “poor” credit. “We will no longer let the American Public…

The status of the US economy in 2026 is of utmost importance to investors. After the December jobs report allayed worries about the condition of the American labor market, U.S. markets surged higher on Friday. The surge was robust enough to result in a new set of record closes for the Dow Jones Industrial Average (DJIA) and S&P 500 SPX. Even more impressive, according to FactSet data, were the midcap S&P MidCap 400 MID and small-cap Russell 2000 RUT indexes, which both set new highs. The fact that smaller, more economically sensitive companies’ shares reacted better on Friday and throughout…

There is disagreement on the recommended daily intake of protein for Americans. This week, the Department of Health and Human Services released revised dietary recommendations that essentially increase the amount of protein that should be consumed each day. The famous food pyramid from the 1990s was also revived, but it was inverted to highlight the importance of vegetables and protein in a balanced diet. “We are ending the war on protein,” says the new tagline for the food pyramid. Under HHS Secretary Robert F. Kennedy Jr., the de facto leader of the “Make America Healthy Again” movement, which advocates consuming…