Finance News – Page 1046

The average tax refund is almost 29% lower this tax season, according to early IRS data

The IRS on Friday released its first filing season statistics for 2024, including the average refund through Feb. 2. Here’s what filers need to know.

Stocks making the biggest moves midday: New York Community Bancorp, Diamondback Energy, VF Corp and more

These are the stocks posting the largest moves in midday trading.

Jeff Bezos will save over $600 million in taxes by moving to Miami

Bezos plans to unload 50 million shares of Amazon before Jan. 31, 2025. Posting those sales in Florida will save him millions.

Stocks making the biggest moves premarket: Rivian, Rocket Lab, Hershey, Lowe’s and more

These are the stocks posting the largest moves in premarket trading.

Russia’s economy ‘in for very tough times’ despite improved growth outlook, IMF managing director says

Russia’s current production and consumption patterns are “pretty much what the Soviet Union used to look like,” Georgieva said.

Digital banking giant Revolut is launching phone plans for travelers in the UK

Digital banking startup Revolut is launching travel eSIM plans in the U.K. that give users access to data abroad without suffering roaming charges.

Germany’s economy is on shaky ground and glimmers of hope are few and far between

Good news has been rare for Germany’s economy in recent months, and the latest data has not changed that.

Chinese stocks are trying to rebound. This is the trade to watch to know if the turnaround is for real

Mainland Chinese stocks are trying to rebound from five-year lows and it’s starting to look like Beijing is willing to take some action.

Oil stocks share a bullish similarity with semis, but ‘no one cares,’ VanEck CEO says

Investors may want to consider putting money to work in a lagging part of the market. According to VanEck CEO Jan van Eck, oil stocks are getting a raw deal.

Bill Gates: Here’s the 1 question I’d ask a time traveler about the future

Bill Gates spends a lot of time thinking about the future, from the effects of climate change to AI. Here’s what he says he’d ask a time traveler from 2100.