Author: iannouncethis.com
The Bitcoin ETF discussion has picked up pace with the SEC meeting with various exchanges. The commission recently met with NASDAQ, NYSE, and CBOE exchanges to discuss the spot Bitcoin ETF. In the past two days alone, names like VanEck, Fidelity, and Grayscale have also filed for a Bitcoin ETF. The firms filed the 8-a forms for registration of the securities. All this is done in the light of expectations that the SEC will release its first wave of approval by January 10. The filing process is being carried out to help applicants learn about the investment product. The process…
The North East of England is the place to be if you want to invest in properties under £100,000 that offer strong yields. Of the top five affordable regions with strong yields in England and Wales, four are in the North East, analysis from mortgage lender Molo shows. In first place is Hartlepool and nearby Stockton-on-Tees, with a typical house just price shy of £86,000. The region offers sky-high gross yields of 7.90%, with an average monthly rental income of £591. Other lucrative areas in the North East include South Teesside, which has an average house price of £96,500 and…
Shares of AngioDynamics Inc. ANGO, +0.26% plummeted 16.8% in premarket trading, after the medical devices company widened its full-year loss forecast and announced a restructuring of its manufacturing footprint. Net losses for the fiscal second quarter to Nov. 30 widened to $29.05 million, or 72 cents a share, from $8.49 million, or 21 cents a share, in the year-ago period. Excluding nonrecurring items, the adjusted per-share loss of 5 cents beat the FactSet loss consensus of 8 cents. Sales rose 2.7% to $79.1 million, below the FactSet consensus of $82.0 million. For fiscal 2024, the company cut its guidance range…
Experts Share Top Tax-Saving Tips
You’ve probably already considered and implemented some of the various tips you can use to save money in your budget throughout the year. But what about saving money on your taxes? While you can’t avoid taxes entirely, there are strategies you can adopt to reduce what is probably one of your biggest annual expenses. To help you save money on your taxes this year, we spoke with five financial experts to get their top tax-saving tips—and they go well beyond taking advantage of tax deductions and credits. Read on for some lesser-known tips you may not have heard of. Key…
Russia proposes ban on crypto use, mining | Business News | Latest World English News
Russia where the latest move of a global crypto crackdown, its central bank has proposed banning use and mining of cryptocurrencies on the territory. The step has come after Central bank of Russia cited threats to financial stability, citizens’ well-being and monetary policy sovereignty. #Russia #Crypto #BusinessNews About Channel: WION -The World is One News, examines global issues with in-depth analysis. We provide much more than the news of the day. Our aim to empower people to explore their world. With our Global headquarters in New Delhi, we bring you news on the hour, by the hour. We deliver information…
Mohawk Industries Stock: Underappreciated Margins Hidden Behind Macro Woes (NYSE:MHK)
Editor’s note: Seeking Alpha is proud to welcome Amphion Research as a new contributor. It’s easy to become a Seeking Alpha contributor and earn money for your best investment ideas. Active contributors also get free access to SA Premium. Click here to find out more » Wongsakorn Dulyavit I like to find businesses that are simple, durable, predictable with a strong moat, and capable management. Mohawk Industries (NYSE:MHK) ticks most of these boxes for me. While it may not be as predictable due to its operating in a cyclical industry, Mohawk stands out as more resilient than most businesses in…
Bitcoin Spot ETF: Legal Expert Reveals What Would Happen If The SEC Denies Applications
A recent development has cast a shadow of doubt over the imminent approval of the pending Spot Bitcoin ETF applications by the Securities and Exchange Commission (SEC). In line with this, a legal expert has hinted at what could happen next if the SEC were to reject these applications. Applicants To Sue SEC If Bitcoin ETF Gets Rejected Lawyer and Web3 enthusiast James “MetaLawMan” Murphy mentioned in an X (formerly Twitter) post that the Spot Bitcoin ETF applicants would immediately sue the SEC if all applications were denied. He further suggested that the Commission would likely lose as the Court…
Is inheritance tax a dastardly double dip by the Revenue, or a feeble form of wealth distribution?
By, Trevor Abrahmsohn, Glentree International With the spring Budget looming on March 6, there are theatrical whispers about the prospect that the Chancellor will either reform or scrap Inheritance Tax altogether. No doubt this is an attempt to garner support from disaffected Tory voters, as they have become disillusioned with the unprecedentedly high tax regime environment imposed by government over the last thirteen years. No matter what the Tories have thrown at the electorate to date by way of a charm offensive – some would have other interpretations. Despite this, the Prime Minister and his merry men have hardly managed…
Mobileye’s stock melts down as inventory issues prompt grim revenue warning
Shares of Mobileye Global Inc. were tanking in Thursday’s premarket action after the company, which makes self-driving technology, issued a revenue warning as its customers deal with excess inventory. Mobileye MBLY, -3.92% said it expects first-quarter revenue to fall about 50% from the $458 million that it reported in the year-earlier period. Analysts tracked by FactSet had expected revenue to rise to $557 million for the period. The company disclosed in a press release that it has “become aware of excess inventory at our customers,” representing an estimated 6 million to 7 million units of the company’s EyeQ product. “As…
The population is growing, and life spans are increasing. Increasing numbers of people are reaching an age where estate planning and transferring their property, savings, and assets to others are demanding serious strategic thinking. Goldman Sachs Asset Management has noted that a “demographic and massive wealth transfer story is underway as the Silent Generation (those in their 70s and above) pass on their wealth to Baby Boomers and Generation X.” But how do you do that tax-efficiently? You have numerous options, and exploring them can preserve more of that wealth for your family, avoiding the bite that taxes will take if…