Income brackets and the standard deduction will increase slightly for the 2026 tax year, the Internal Revenue Service announced Thursday.Tax brackets will rise by about 4% for lower-income ranges and roughly 2% for higher earners, according to the IRS’s annual inflation adjustments.While tax rates remain unchanged, higher income thresholds mean taxpayers can earn more before moving into a higher bracket when they file in 2027.You can see the tax rates single filers will pay on their taxable income below. Note that these are marginal rates, meaning income is taxed at lower rates until it moves into a new bracket, where…
Author: usaeverydaylife
In this photo illustration a Huawei logo is displayed on a smartphone with a Chinese flag in the background.Sopa Images | Lightrocket | Getty ImagesBeijing has banned semiconductor research firm TechInsights from working with or receiving data from Chinese entities, in a move that could add to the opaqueness of the country’s chip industry. China’s Commerce Ministry, citing national security concerns, announced Thursday that TechInsights was designated an “unreliable entity,” which prohibits Chinese individuals or organizations from sharing information with the Canadian-based company. TechInsights is well known in the global tech space for its in-depth coverage of Chinese-made chips and was among…
Despite a recent surge, Nvidia still seems like a good buy at its current valuation, according to Brook Dane, co-head of public tech investing at Goldman Sachs Asset Management. Renewed hype around artificial intelligence has driven shares of Nvidia to all-time highs. The stock has surged 38% this year, but there’s more growth ahead as the chipmaker looks poised to seize a big chunk of future spending on AI chips, Dane said. NVDA YTD mountain NVDA YTD chart Nvidia is capturing about 70 cents of every dollar being invested in the space, Dane said, adding that capital expenditure growth is…
Factors ranging from geopolitical tensions to the prospect of lower interest rates to free-spending global governments is pushing the “currency debasement” trade that has led to record highs across risky asset classes. Gold, for one, has scaled to eye-watering heights , surging more than 50% in 2025 as both an inflation hedge and safe-haven play. Similarly, gold and other precious and industrial metals have posted outsized gains, while bitcoin has eclipsed the $120,000 threshold as investors look for bets against the tumbling U.S. dollar continue. “A surge of distrust in fiat currencies, or so-called currency debasement trade, has sent gold…
Oracle stock slipped 3% on Tuesday after a report from The Information that raised questions about the company’s plans to buy billions of Nvidia chips to rent as a cloud provider to clients like OpenAI.Oracle had 14% gross margins on $900 million in sales in its Nvidia cloud business in the three months ending in August, according to the report, which cited internal documents. That’s significantly lower than Oracle’s overall gross margin of around 70%.The report said that Oracle’s recent transformation into one of the most important cloud and artificial intelligence companies may run into profitability challenges because of how…
Matt Green, mining/crushing supervisor at MP Materials, displays crushed ore before it is sent to the mill at the MP Materials rare earth mine in Mountain Pass, California, U.S. January 30, 2020. Picture taken January 30, 2020. Steve Marcus | Reuters In the 1984 science fiction film Dune, Baron Vladimir Harkonnen uttered the famous quote that can aptly be used to describe rare earth metals: “He who controls the spice, controls the universe.”The spice was central to the Dune universe, allowing trade to flourish and planets to prosper. In the same way, rare earth metals seem to be the spice…
Although an artificial intelligence-driven bubble has emerged in the market, there are plenty of “real projects” to which investors can still confidently allocate funds, Ritholtz Wealth Management CEO and co-founder Josh Brown said Tuesday on CNBC’s “Halftime Report.” “Of course, there’s a bubble, but … that doesn’t mean there aren’t real projects that are going to have world-transforming outcomes,” Brown said. “You shouldn’t say just because there is some speculative activity, therefore I conclude everything is speculative activity.” Investors are on tenterhooks as stocks, particularly across the AI industry, continue to notch impressive growth, even as concerns mount that investors…
Rockaa | E+ | Getty ImagesThe IRS has unveiled higher capital gains tax brackets for 2026.In its announcement Thursday, the agency boosted the taxable income limits for the long-term capital gains brackets, which apply to assets owned for more than one year. It also increased figures for dozens of other provisions, including federal income tax brackets, the estate and gift tax exemption, and eligibility for the earned income tax credit, among others.The IRS announcements come a day after the agency said it would furlough nearly half its workforce due to the ongoing government shutdown. Read more CNBC personal finance coverageThe capital gains rate you pay is based on which…
Thoma Bravo co-founder Orlando Bravo said valuations for artificial intelligence companies are “at a bubble,” comparing it to the dot-com era.But one key difference in the market now, he said, is that large companies with “healthy balance sheets” are financing AI businesses.Bravo’s private equity firm boasts more than $181 billion in assets under management as of June, and focuses on buying and selling enterprise tech companies, with a significant chunk of its portfolio invested in cybersecurity.Bravo told CNBC’s “Squawk on the Street” on Tuesday that investors can’t value a $50 million annual recurring revenue company at $10 billion.”That company is…
(This is a wrap-up of the key money moving discussions on CNBC’s “Worldwide Exchange” exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. ET each day.) Investors are looking for ways to play the potential softening of the labor market and consumer spending. Plus, a look at how retail traders are viewing AI-related stocks. ‘Worldwide Exchange’ pick: Costco (COST) Lee Baker of Claris Financial likes Costco despite the stock being flat year to date. Baker sees the big-box retailer as a potential beneficiary of a slowdown in the labor market and consumer spending. “When they (consumers) don’t have more money…
