Author: usaeverydaylife

With Tax Day approaching and investment returns harder to come by of late, how much you save on taxes can boost your portfolio’s performance and income. A strategic approach toward managing a portfolio’s taxes – namely tax-loss harvesting and tax deferral – can help lift after-tax returns by about 2% per year, according to Neuberger Berman . The boost is known as tax alpha. Tax-loss harvesting refers to strategically pruning losing positions to realize losses and offset capital gains elsewhere in your portfolio. You don’t have to be a million-dollar investor to realize the benefits of these strategies – or…

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White House Senior Advisor, Tesla and SpaceX CEO Elon Musk attends a cabinet meeting held by U.S. President Donald Trump at the White House on March 24, 2025 in Washington, DC. Win McNamee | Getty ImagesTesla shares fell about 6% on Wednesday as data from Europe showed slowing sales last month, and investors grew increasingly concerned about President Donald Trump’s plan for tariffs.The European Automobile Manufacturers’ Association (ACEA) revealed on Tuesday that Tesla saw a 40% year-over-year drop in new vehicle registrations in Europe in February, while overall battery electric vehicle sales were up 26%.Meanwhile, the White House said on Wednesday…

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OpenAI CEO Sam Altman speaks at a panel discussion on potentials, perspectives and challenges in the age of Artificial Intelligence (AI) at the Technical University (TU) in Berlin on February 7, 2025. John Macdougall | Afp | Getty ImagesOpenAI expects revenue will triple to $12.7 billion in 2025, CNBC has confirmed.Bloomberg was first to report on the revenue figure, which was confirmed to CNBC by a source familiar with the matter who asked not to be named because the number is private.Microsoft, OpenAI’s principal investor and key strategic partner, recorded $13 billion in annual recurring revenue in the fourth quarter, up…

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The Jameis Winston contract was the tell.Once the terms of the quarterback’s deal — two years, $8 million — were publicized Friday night, it became clear how the New York Giants saw him: as a backup.They were (rightly) never going to feel completely comfortable with the 31-year-old Winston serving as their starter for the full duration of an NFL season. Winston hasn’t done that job since 2019. Even this past season, playing in more games (12) than he has since 2019, Winston was as maddeningly inconsistent as ever. He went 2-5 as the Cleveland Browns’ starter, throwing 13 touchdowns against…

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Visitors take pictures by a sign posted in front of Meta headquarters in Menlo Park, California, on Jan. 29, 2025.Justin Sullivan | Getty ImagesItaly has handed tax demands to Meta, X and LinkedIn in the formal and final step in an unprecedented official VAT claim against the three U.S. web giants that could have repercussions across the European Union, four sources with direct knowledge of the matter said on Wednesday.While it has been reported that Facebook and Instagram parent company Meta and Elon Musk’s social network X were under investigation for alleged tax fraud, it had not been disclosed that…

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Perimeter Solutions stands to benefit as wildfires grow more frequent and threaten residential areas, as evidenced by the deadly blazes in Los Angeles earlier this year, according to UBS Securities. Analyst Joshua Spector upgraded shares of the Missouri-based fire retardant producer to buy from neutral. Spector’s $14 price target implies shares can climb 54% over the next 12 months from Tuesday’s close. “We believe recent memory of L.A. wildfires will increase the call for more ability to fight, contain and prevent wildfires,” Spector wrote to clients. “This should catalyze growth in PRM’s volumes, absent growth in acres burned, and provide…

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Dollar Tree said Wednesday that it’s gaining market share with higher-income consumers and could raise prices on some products to offset President Donald Trump’s tariffs.The discount retailer’s CEO, Michael Creedon, said the company is seeing “value-seeking behavior across all income groups.” While Dollar Tree has always relied on lower-income shoppers and gets about 50% of its business from middle-income consumers, sustained inflation has led to “stronger demand from higher-income customers,” Creedon said on an analyst call.Dollar Tree’s success with higher-income shoppers follows similar gains from Walmart, which has made inroads with the cohort following the prolonged period of high prices.Trump’s…

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“The card looked perfect.”Nick Bruce and his son “freaked out” when they pulled an autographed Lionel Messi card from a pack around the Christmas holidays at their Ferndale, Mich., home. It was a normal reaction for sports card enthusiasts discovering a rare autographed card of a superstar athlete.“Perfect” for Bruce meant sharp edges and corners, a clean surface and proper centering that would garner gem mint status from a third-party grader and boost its value even further. The authenticity of the autographed sticker on the card never crossed Bruce’s mind.Why would it?The fine print on the front of the 2021-22…

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Four U.S. Army soldiers disappeared while on a training mission in Lithuania on Tuesday, prompting a search for their vehicle, which may have been submerged in a swamp, military officials said.The soldiers, all from 1st Brigade, 3rd Infantry Division, had been conducting scheduled tactical training in a training area near Pabrade, a city in eastern Lithuania, near the border with Belarus, the U.S. military said.The U.S. Army, Lithuanian Armed Forces, Lithuanian law enforcement officials and others were looking for the soldiers, the U.S. military said on Wednesday, adding that “search and recovery efforts are underway.”The four soldiers were in an…

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A recent move by the Trump administration to substantially lower funding from the National Institutes of Health for research institutions around the country has investors fearing meaningful losses for life science tools companies. The NIH announced in early February that it would cap research funding at 15% for “indirect costs” – those that aren’t directly tied to specific research projects, such as overhead and administrative costs. The new cap is below the average indirect cost rate of between 27% and 28% and well under the rates of more than 60% that universities such as Harvard, Yale and Johns Hopkins receive.…

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