In the intricate world of U.S. tax policy, few issues have proven as polarizing as the state and local tax (SALT) deduction cap. This contentious topic has resurfaced with renewed vigor, particularly following the introduction of a new bill by New York Republican Representative Mike Lawler aimed at significantly increasing the SALT deduction cap. Originally
In the aftermath of devastating wildfires that swept through Los Angeles, a desperate search for housing commenced for many families, including Joe Thompson’s. After experiencing the terror of a wildfire that obliterated much of his Pacific Palisades neighborhood, Thompson found himself navigating an already overstretched rental market. The family was faced with an astronomical monthly
The recent global pandemic has dramatically reshaped the investment landscape, leaving stock market investors grappling with high inflation, rising interest rates, and an enigmatic yield curve inversion. As we approach 2025, these factors create a complex interplay that could significantly impact growth-oriented stocks. This article aims to break down these multifaceted topics into digestible components,
The landscape of U.S. corporate earnings is shifting, as the strength of the U.S. dollar becomes a key player in determining the fiscal health of American companies. While it’s widely accepted that U.S. exceptionalism has contributed significantly to the stock market’s stellar performance over recent years, this assertion can be misleading if one fails to
The municipal bond market finds itself in a complex interplay of varying yield dynamics, particularly as it begins 2025. In contrast to an underwhelming performance observed in equity markets, municipal bonds have demonstrated a robust resilience, slightly overshadowing U.S. Treasury results while maintaining stability in yield curves. Recent reports indicate that the U.S. Treasury (UST)
In the ever-changing landscape of global finance, currency valuations are constantly at the forefront of economic discussions. Recent movements in the U.S. dollar have raised eyebrows, as it surged to new heights against a backdrop of positive economic indicators while concurrently putting downward pressure on multiple currencies. The recent surge, described in various reports, particularly
Morgan Stanley has recently projected an optimistic outlook for Tesla, anticipating considerable growth in the company’s stock due to the imminent launch of its autonomous vehicle fleet, including potential robotaxis powered by artificial intelligence. Analyst Adam Jonas has raised the price target for Tesla shares to $430, suggesting there’s an estimated 9% growth potential from
The New York Metropolitan Transportation Authority (MTA) has embarked on a forward-thinking initiative by planning the sale of its first bonds supported by the city’s real estate transfer tax. Commonly referred to as the “mansion tax,” this tax primarily affects high-value property transactions—those that exceed $2 million—in New York City. While the potential of raising
As the U.S. Department of Transportation (DOT) prepares to navigate an evolving landscape, it is making significant strides toward modernizing the nation’s infrastructure. With billions allocated through federal grants, Secretary Pete Buttigieg announced a renewed commitment to enhancing the transportation system just as the Biden-Harris administration draws closer to its conclusion. This transitional phase is
Recent reports from the National Association of Realtors (NAR) indicate that sales of previously owned homes experienced a substantial increase of 4.8% in November compared to the previous month, totaling an annualized rate of 4.15 million units. This marks a significant improvement, reflecting a 6.1% increase year-over-year—the third-highest sales rate recorded this year and the