Finance

KEY POINTS  As the Internal Revenue Service prepares to open the 2025 filing season on Jan. 26, millions of older Americans will face a changed landscape under the One Big Beautiful Bill Act. Which introduced a new senior bonus deduction aimed at easing tax burdens for retirees with modest and middle incomes. The senior bonus … Read more

KEY POINTS  SAN FRANCISCO — Airbnb has named Ahmad Al‑Dahle, former head of generative artificial intelligence at Meta Platforms, as its new chief technology officer, CEO Brian Chesky announced Wednesday.  The move comes as Airbnb intensifies its efforts to integrate AI across its platform, aiming to reshape travel search, booking, and personalized experiences. Airbnb’s appointment … Read more

KEY POINTS  Bank of America on Wednesday reported fourth quarter earnings that exceeded Wall Street expectations, lifted by stronger than anticipated net interest income and improved equities trading. Signaling renewed stability for large US lenders amid shifting interest rate expectations and steady consumer credit conditions. The latest Bank of America earnings provide an early snapshot … Read more

KEY POINTS  NEW YORK — JPMorgan Chase reported a 9% rise in fourth quarter profits on an adjusted basis, highlighting the bank’s continued strength across consumer and investment banking, even as it absorbs a one time financial hit from its recent Apple Card acquisition. JPMorgan Chase, the largest US bank by assets, reported robust fourth … Read more

KEY POINTS  Wall Street opened lower Monday as investors responded to a renewed threat to Federal Reserve independence, following the Trump administration’s criminal investigation of Fed Chair Jerome Powell.  Stocks, US bonds, and the dollar all fell in early trading, signaling heightened market risk and sparking a surge in safe-haven assets such as gold and … Read more

KEY POINTS  WASHINGTON  — Federal prosecutors have opened a criminal investigation into Federal Reserve Chair Jerome Powell over the central bank’s multibillion dollar renovation of its Washington headquarters and whether he misled Congress about the scope of the project, according to officials briefed on the matter.  The inquiry, led by the US attorney’s office for … Read more

KEY POINTS  Allegiant Travel Co. said Sunday it will acquire rival leisure carrier Sun Country Airlines in a $1.5 billion cash and stock transaction. A move that underscores growing consolidation pressure among US budget airlines struggling with higher post pandemic operating costs and expanding domestic capacity. The proposed Allegiant Sun Country merger brings together two … Read more

KEY POINTS  President Donald Trump said this week he would impose a one year cap limiting credit card interest rates to ten percent. A move that immediately raised questions about its legal authority, practical enforcement and potential effects on consumers and lenders across the United States. Trump’s announcement, delivered through a late night social media … Read more

KEY POINTS  Netflix shares have fallen sharply since October amid investor unease over the company’s potential pursuit of Warner Bros. Discovery but analysts say the selloff has not fully resolved concerns about valuation, growth visibility and deal risk.  Despite a drop of roughly twenty eight percent in less than three months Netflix stock valuation remains … Read more