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SALT tax deduction would double under this House bill introduced by GOP members

A deduction for state and local taxes could double for certain taxpayers under a bill heading to the full House of Representatives, after being left out of a bigger package that cleared the chamber on Wednesday.

Norfolk Southern stock on pace for biggest gain since 2020 on report of investor-led shakeup — but one analyst notes skepticism

Shares of railroad giant Norfolk Southern Corp. on Thursday were on pace for their biggest percentage gain in nearly four years, after a report claiming an investor group is looking to take over the company’s board and unseat its chief executive.

One thing that Republicans and Democrats agree on about the economy? The cost of raising kids. 

Voters from both parties agree that raising kids will stretch your budget thin these days.

‘Fix this now’: FAFSA delays slammed by Republican lawmakers

The overhaul of the critical form has been plagued with challenges.

Etsy’s stock is having its best day in seven months after Elliott takes ‘sizable’ stake

Marc Steinberg, a partner at the hedge fund Elliott Investment Management, was named to Etsy’s board of directors.

Larry David says he was an ‘idiot’ for starring in an FTX crypto ad in 2022

The ‘Curb Your Enthusiasm’ star also says he ‘lost a lot of money’ on crypto

Oil falls as Middle East tensions ease with talk of Israel-Hamas ceasefire deal

Oil futures turned lower Thursday as tensions in the Middle East appeared to ease.

Fed’s Powell tries to correct market’s rationale behind six rate cuts in 2024 — and fails

In one of the more interesting takeaways from the Federal Reserve’s policy update on Wednesday, Chairman Jerome Powell tried to convince traders that their thinking behind as many as six rate cuts this year is flawed. It didn’t work.

Can Elon Musk do ‘whatever he wants’? Why moving Tesla out of Delaware may spook investors.

Tesla Inc. Chief Executive Elon Musk’s push to reincorporate the electric-vehicle maker in Texas after a legal defeat in Delaware may have broader implications for the company.

Apple earnings: Don’t focus on iPhone sales. Instead watch this metric.

For all the attention on Apple’s iPhone sales, a less glamorous item could be the big driver of the stock after earnings.

Altria’s stock rises as it sees little impact on 2024 performance from e-vapor enforcement

Tobacco giant’s fourth-quarter earnings match analyst estimates.

Mortgage rates dip after Fed meeting. Freddie Mac expects rates to decline more.

The 30-year mortgage rate is averaging at 6.63%, Freddie Mac said in its latest weekly survey on Thursday.
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