The Federal Open Market Committee decided to maintain interest rates at 4.25%-4.5% during its first 2025 meeting, citing ongoing inflation challenges despite economic growth and a stable labor market.
The 2025 tax season has begun, with the IRS accepting returns from January 27. Learn about refund timelines, the expanded Direct File program, and stimulus payments for eligible taxpayers.
Alphabet Inc., parent of Google, is advancing in AI and quantum computing, making it a top investment choice for 2025. With strong advertising revenue and technological innovations, Alphabet is undervalued and poised for growth.
The 2025 tax season begins with the IRS accepting returns from January 27. Early filing and direct deposit are recommended for faster refunds, with updates on the Direct File program and tips to avoid delays.
American Express introduces a limited-time offer for its Rewards Multiplier and Member Get Member programs, allowing cardholders to earn accelerated Membership Rewards points on eligible purchases and referrals from January to February 2025.
Eagle Financial Services, Inc., the holding company for Bank of Clarke, has announced its 2024 fourth-quarter financial results and declared a quarterly dividend, highlighting its commitment to transparency and shareholder value.
American Express announced a strong financial performance for 2024, with record revenues and a significant increase in net income and EPS, driven by high card member spending and holiday shopping.
The IRS is distributing $2.4 billion in stimulus checks to about 1 million U.S. taxpayers who did not claim the Recovery Rebate Credit on their 2021 tax returns, ensuring they receive funds entitled during the COVID-19 pandemic.
NVIDIA has announced exceptional third-quarter financial results for fiscal 2025, achieving record revenues of $35.1 billion, marking a 17% increase from the previous quarter and a 94% year-over-year rise. Driven by a booming demand for AI technologies, NVIDIA's Data Center segment significantly contributed to this growth, with revenues reaching $30.8 billion. Despite its robust performance, NVIDIA's stock saw a slight fall due to investor concerns over future supply constraints. The company's future guidance remains optimistic, as it forecasts fourth-quarter revenues to align closely with market expectations. Additionally, shifts in shareholder investments raise concerns about the sustainability of AI-driven growth.
Spirit Airlines has filed for bankruptcy protection due to financial difficulties exacerbated by rising operational costs and increased competition in the budget travel sector. With a notable operating deficit and unsuccessful merger attempts, the airline seeks to restructure its considerable debt while continuing flight operations uninterrupted. Despite its iconic status for ultra-low fares, Spirit faces criticism over customer complaints and declining stock value. The bankruptcy, timed before the holiday travel season, raises concerns over potential fare increases across the industry. Spirit aims for reduced debt and financial flexibility, though the risk of liquidation remains.