Articles

Microsoft earnings beat across the board as cloud, AI drive momentum

Microsoft notched beats across the board with its latest results, calling out momentum in the cloud and traction with artificial intelligence.

SALT deduction fight slows tax deal as lawmakers seek relief

A handful of lawmakers demanding inclusion of state and local tax relief in a congressional deal helped snarl proceedings in the House of Representatives on Tuesday, turning up pressure make SALT a part of any tax agreement that passes Congress.

Today’s Big Tech-dominated stock market has shades of dot-com bubble, strategists warn

A team of quantitative strategists at J.P. Morgan see shades of the dotcom bubble in the stock-market rally that has carried the S&P 500 to six record closing highs since the beginning of 2024.

PayPal to cut another 9% of its workforce in continued bid to rein in costs

The company intends to reduce its workforce by 9% through a mix of layoffs and elimination of some open roles over the course of this year.

Avon slammed over ongoing Russia links. It says it’s providing ‘critical support’ to women there.

Moral Rating Agency, established after the Russian full-scale invasion of Ukraine in February 2022, issues boycott call.

Here’s what to expect from stocks in February after January’s big rally

U.S. stocks tend to take a breather in after an upbeat start to the year.

Red Sea disruption forces retailers to rethink back-to-school and holiday shipments

Retailers are “implementing mitigation strategies to ensure products arrive in time,” according to the National Retail Federation.

Buy everything? Algorithms likely to buy stocks, bonds and gold into early February, strategist says

Traders are about to encounter a batch of top-tier events this week: a Federal Reserve policy decision and details of Treasury’s upcoming auction sizes, both on Wednesday, as well as Friday’s official jobs report for January.

Why the Fed is ‘not in any race’ to cut rates, according to BlackRock’s Rick Rieder

The Federal Reserve is “not in any race to cut interest rates,” even if it may on Wednesday open the door to lowering them in a move toward a “more neutral” stance on monetary policy, according to BlackRock’s Rick Rieder.

UPS ‘won back’ most of the business it lost to during labor talks, disputing FedEx’s claim

A FedEx executive had said the company was holding on to “all” of the market share it gained while UPS was negotiating with the Teamsters union.

Curaleaf, Truelive, Verano could benefit from marijuana reclassification

Alliance Global Partners says cannabis businesses will get a boost, while a Bernstein analyst hikes price targets for Canadian names.

I’m 47, left my job and want to convert my $130,000 traditional IRA to a Roth. What’s the best tax strategy? 

“Assuming I don’t withdraw from the Roth account before I’m 59 1/2 years old, are the entire withdrawals — contributions and earnings — tax-free?”
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