When it comes to buying residential real estate, there are three main categories a property can fall into for tax and mortgage purposes: principal residence, second home, or investment property. You can generally only have one principal residence. This is the home where you spend most of your time, and there are some pretty unique tax benefits to a property classified as a principal residence.
Following the Aerojet buyout in 2023, L3Harris suspended its merger and acquisition activity for the "foreseeable future" in efforts to strengthen its balance sheet. L3Harris also launched a review of its operational performance, cost structure and portfolio composition, which is expected to be completed by this year. Earlier this week, Reuters reported that L3Harris would cut 5% of its workforce this year as part of a cost saving measure, citing an email to employees.
TORONTO — Canada's main stock index eked out a gain Thursday thanks to energy and base metals, while U.S. stock markets fell, though they managed to pare back deeper losses from the morning. Markets were rattled in the morning after fresh economic data presented the possibility of a "worst-case scenario" — that inflation could remain sticky even as interest rates weigh on growth, said Macan Nia, co-chief investment strategist at Manulife Investment Management. The data suggested the U.S. economy
The Phoenix Suns and their so-called Big Three return home to the desert in a big pickle. Kevin Durant, Devin Booker, Bradley Beal and the Suns are in a 2-0 hole heading into Friday's Game 3 of their Western Conference first-round playoff series against the Minnesota Timberwolves, who looked mostly dominant in a pair of double-digit wins in the first two games. There are two more Game 3s on Friday, including Bucks at Pacers and Clippers at Mavericks.
US Representative Ilhan Omar visited pro-Palestinian protesters at Columbia University in New York calling for divestment and a ceasefire on Thursday, April 25.The Minnesota congresswoman’s daughter is a student at Columbia and was suspended the previous week due to her participation in the ongoing anti-war demonstration.Footage shows Omar, a Democrat, shaking hands with protesters on the campus’s South Lawn on Thursday.“I had the honor of seeing the Columbia University anti-war encampment firsthand,” she wrote on social media. “Contrary to right-wing attacks, these students are joyfully protesting for peace and an end to the genocide taking place in Gaza. I’m in awe of their bravery and courage.” Credit: Ilhan Omar via Storyful
Alphabet (GOOGL, GOOG) declares a cash dividend of $0.20 per share to investors while reporting a first-quarter earnings beat; the Google parent company topped expectations on the top and bottom lines, posting adjusted earnings of $1.89 per share (against estimates of $1.53) and $67.59 billion (against estimates of $66.07 billion). And Alphabet's stock is overjoyed, surging as high as 13% in Thursday's after-hours trading session. Yahoo Finance Markets Reporter Josh Schafer joins Julie Hyman and Jared Blikre on Market Domination Overtime to break down the tech giant's quarterly results, comparing and contrasting Alphabet's earnings performance to that of Big Tech peers such as Meta Platforms (META). 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 Luke Carberry Mogan.
NEW YORK (AP) — Worries about a potentially toxic cocktail combining stubbornly high inflation with a flagging economy dragged U.S. stocks lower on Thursday. A sharp drop for Facebook’s parent company, one of Wall Street’s most influential stocks, also hurt the market. The S&P 500 fell 0.5% and sliced some of the gain off what had been a big winning week. It looked to be heading for a much worse loss in the morning, when it tumbled as much as 1.6%. The Dow Jones Industrial Average dropped 375 po
A man accused of causing a fiery crash that shut down a major Connecticut highway bridge and killed a fuel delivery truck driver has been charged with negligent homicide, police said Thursday. State police said Reginald Collins, 59, turned himself in Wednesday after learning that authorities had issued an arrest warrant for him related to the April 2023 crash on Interstate 95, a major artery between New York and Boston. State police said Thursday that Collins was driving his car on the southbound side of the Gold Star Memorial Bridge between New London and Groton when he blew out a tire, swerved and stopped in the right lane instead of pulling onto the right shoulder.
Pep Guardiola’s men can close the gap on Arsenal at the top of the table
The northern Gaza Strip is still heading toward a famine, the deputy U.N. food chief said on Thursday, appealing for a greater volume and diversity of aid to be allowed into the enclave and for Israel to allow direct access from its Ashdod port through Erez crossing. Israel pledged three weeks ago to improve aid access, including reopening Erez and allowing the use of Ashdod port. The move came after U.S. President Joe Biden demanded steps to alleviate the humanitarian crisis in Gaza, saying the U.S. could place conditions on support if Israel did not act.
CINCINNATI (AP) — Bryce Harper homered in his return to the lineup following the birth of his third child, and the Philadelphia Phillies beat the Cincinnati Reds 5-0 Thursday for their second shutout win in splitting a four-game series. Zack Wheeler (2-3) allowed one hit in six innings, a third-inning single by Santiago Espinal. He struck out eight and walked four, extending his scoreless steak to 13 1/3 innings. Philadelphia has won eight of 10 and leads the major leagues with five shutouts, on
Google’s corporate parent Alphabet Inc. on Thursday released a quarterly report showing it’s still reaping double-digit revenue gains from its digital advertising empire while sowing potentially lucrative new ground in artificial intelligence. The results for the first three months of the year provided the latest evidence that Google has regained its momentum after an unprecedented downturn in 2022 coming out of the pandemic. In the January-March period, Alphabet’s revenue rose 15% from the same time last year to $80.54 billion, which surpassed the projections of analysts surveyed by FactSet Research.
The 80-year-old revealed in a recent podcast that she received her first few doses of the medication.
Court rules judge who oversaw landmark trial was mistaken in allowing women whose accusations were not part of case to testify
FEATURE Tesla stock surged again on Thursday, bringing the two-day gain to more than $28 a share, up 17.4%. Shares closed at $170.18, up 5%, while the and fell 0.5% and 0.6%, respectively. First quarter earnings are still at work.
Operation Menai Bridge is code for the plans related to King Charles' death. Though details about the plan are tightly guarded, his passing will trigger immediate changes in both the monarchy and the UK. Here's what will happen.
Underground infrastructure and how issues such as sewage and stormwater will be managed were topics in evidence delivered in Wednesday’s proceedings of an Ontario Land Tribunal hearing over the proposed Rand Estates subdivision. Fedor Tchourkine, a civil engineer and witness brought in by the developer, Solmar Development, kicked off the day’s discussion. He went over the various stages of the project and completion of functional servicing reports, a requirement of new developments and a step in
More than 90 protesters were arrested after police clashed with protesters during the demonstrations on the Californian campus on Wednesday
Noah Presgrove had just graduated high school and planned to join the military when he died in September 2023
Sixty-one percent of American adults say they own stock, according to a 2023 Gallup poll. That's the highest percentage since the 2008 recession. With more than half of American adults investing, and...
CHETWYND, B.C. — British Columbia's first wildfire evacuation order of this season lasted under 24 hours, but local officials say dry conditions mean the risk is still high. Mike Bernier, the member of the legislature for Peace River South, says there's "no moisture in the area," which saw hardly any snowpack this winter. He says the early-season wildfire was discovered "really close" to a small subdivision about four kilometres outside Chetwynd, B.C., on Wednesday afternoon. Bernier says the bl
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