More retirees who collect Social Security benefits are going to owe taxes on that retirement income this year and next compared with prior years. Why is surging inflation increasing taxes for older Americans? Inflation is currently at a 40-year high, with a consumer price index in June showing that goods and services cost 8.6% more than they did a year ago.
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A Montana man who pleaded guilty to leaving voicemail messages threatening to kill Democratic U.S. Sen. Jon Tester and his family was sentenced Wednesday to 2 1/2 years in prison, the U.S. Attorney's Office said. Anthony James Cross, 30, of Billings pleaded guilty in January to making threats to injure and murder a U.S. senator. U.S. District Court Judge Susan Watters accepted a plea agreement that called for dismissing a charge that Cross made threats against President Joe Biden.
The domestic diva prioritizes comfort and support when it comes to shoes, and she says these affordable kicks deliver on both.
Tuesday night's campus crackdown happened exactly 56 years after police were called to arrest Columbia students protesting the Vietnam War.
Shares of DoorDash (DASH) are falling during after-hours trading on Wednesday, following the release of the company's first quarter results. Despite beating revenue expectations by posting $2.51 billion in revenue, surpassing analyst estimates of $2.45 billion, the company's weaker-than-expected outlook for the second quarter is weighing on the stock price. Yahoo Finance's Brooke DiPalma breaks down the delivery company's quarterly results. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Angel Smith
A September rate cut would come shortly before another major economic event: the US presidential election.
Dan Wetzel, Ross Dellenger, and SI's Pat Forde unpack the latest update on the House v. NCAA case, react to Twitter beef happening at Colorado, and the worst Kentucky Derby names ever.
Cincinnati Reds center fielder Stuart Fairchild made a sensational leaping catch to rob Manny Machado of a three-run homer in the first inning of Wednesday's series finale against the San Diego Padres. After Spencer Steer homered for the Reds with two outs in the first, it looked as if the Padres would surge ahead on Machado’s drive to right-center off Graham Ashcraft.
Emma Hayes conceded that she will probably end her final season with Chelsea without a trophy after her side suffered a devastating Women’s Super League defeat by Liverpool.
Here's the latest for Wednesday, May 1st: UCLA cancels classes after protesters clash on campus; Fed to keep key interest rate unchanged; Marjorie Taylor Greene seeks to oust Johnson as House speaker; Harvey Weinstein back in court.
A former vice-president of the Progressive Conservative party has been appointed an Ontario judge — a move one opposition party says is the latest example of the government putting "well-connected insiders" into prestigious roles.On Monday, the province announced Sara Mintz was appointed to the Ontario Court of Justice and will be stationed in Toronto.Mintz, who was most recently the associate chair of the Criminal Injuries Compensative Board before its wind-down, disclosed to a legislative comm
Carvana's results come as high interest rates prompt consumers to look for deals on second-hand cars instead of buying new ones. The used-car retailer said it was expecting a sequential increase in adjusted core profit and growth rate in retail units in the second quarter, while analysts expected a 2.6% fall in retail sales from a year earlier. The company reported a first-quarter profit of $49 million, compared with analysts' estimates of $31.2 million, according to LSEG data.
The stock market round-tripped big initial gains as AI plays such as Nvidia retreated. Carvana soared late on earnings.
New York prosecutors plan to retry the case in the fall after his 2020 rape conviction was overturned.
Qualcomm Inc. (QCOM) reported its second quarter earnings results, beating analyst estimates on the top and bottom lines. The semiconductor giant's second quarter adjusted earnings were $2.44 per share, topping Street estimates of $2.32. Adjusted revenue of $9.39 billion was just slightly better than the $9.32 billion estimate. Joining Market Domination Overtime to discuss the results are Rosenblatt Securities Managing Director and Senior Research Analyst Kevin Cassidy and Moor Insights & Strategy Founder, CEO, and Chief Analyst Patrick Moorhead. While the quarter focused primarily on Qualcomm's handset sales, Moorhead highlights the company's automotive segment as "the biggest surprise" in the results. He notes that this sector witnessed a remarkable surge in its backlog, increasing from $30 billion to a staggering $45 billion over the course of 18 months, describing the feat as "pretty big." Asked about AI's implications, Moorhead says that with Qualcomm's new chips featuring "supersized AI" capabilities, he is "very optimistic" that a supercycle could emerge in the latter half of the year. Cassidy echoed Moorhead's sentiment, describing Qualcomm's results as "a relief" amid reports of weakening demand in the Android sector. He agrees with the notion of a potential supercycle, saying that Qualcomm's unique features and applications could support such a development. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Angel Smith
Coleraine and Crusaders will face off in the European play-off final after they overcame Glentoran and Carrick Rangers respectively on Wednesday night.
"We're focused on creating more magic in the real world," Airbnb CEO and co-founder Brian Chesky tells PEOPLE
Both candidates have potential liabilities that could be highlighted under the bright lights of the debate stage.
Yahoo Sports NBA contributor Tom Haberstroh dives into this week's "Big Number" to explain why Tyrese Maxey's big performance to rally and knock off the New York Knicks in Game 5 may not lead to another victory in Thursday's Game 6.
A 4.1 earthquake reportedly struck Corona in northwestern Riverside County at 1:49 p.m. local time.
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