The Official Business Publication of Seton Hall University
An already red-hot Electric Vehicle (EV) market was given another nudge of momentum when the U.S. Treasury recently updated their standards for what qualifies for a tax credit… These are specifically potent as EV makers focus more resources on developing different types of electric cars. Gone are the days of the one ton, shoebox SMART cars as SUVs, crossovers, vans, and pick up trucks litter the market.
Read more
On October 18th, the Internal Revenue Service (IRS) announced the annual inflation adjustments for the 2023 tax year. Many key tax provisions, including the income thresholds for the federal tax brackets, will increase by about 7% to account for the high inflation Americans have seen throughout 2022.
Read more
Netflix’s third quarter earnings release surprisingly surpassed its earnings expectations as it brought in $7.93 billion in revenue versus the $7.85 billion expected revenue. It crushed its net subscriber addition expectations as it brought in 2.41 million when it was only expected to add one million. The positive news caused the stock to rally after hours on October 18th as the stock gained 15%.
Read more
The Dow Jones Industrial Average, the oldest of the three main stock indexes on The New York Stock Exchange, entered bear market territory when it declined by 1.1% on September 26th. The decline extended the index’s drop-off from its all-time high and pushed its losses to over 20% from its January peak of 36,799 points to 28,725 points, which meets the criteria to enter a bear market.
Read more
The Bank of England held an intervention in attempt to stabilize the financial market. Newly elected Prime Minister Liz Truss promised to repair Britain’s economy and that her policies would ensure a “high-growth, low-tax economy.”
Read more
September 15th, Ethereum Network completed the long-awaited merge. So what does this actually mean for the cryptocurrency?
Read more
The most recent Consumer Price Index (CPI) report brought some bad news for investors. After consistent monthly rate hikes from August of 2021 to June of 2022, July showed no increase giving some belief that inflation could have possibly hit its peak and could begin to come down.
Read more
Reports from the Federal Deposit Insurance Corporation (FDIC) reports that U.S. Bank Deposits have fallen by $370 Million, one of the largest declines since 2018.
Read more
With a total $1.61 trillion of federal student loan outstanding, student loan forgiveness has been
advocated by Democrats multiple times. So why is it difficult for them to cancel the debt?
A prudent modern investor must make use of all financial opportunity to keep assets safe and to yield as much profit as possible. A financial investment that is oftentimes overlooked is the purchasing of fine arts. An unlikely pairing of words for some represents incredible opportunity to others.
Read more