Business Update – April 19, 2023
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward.
Stock futures rise as investors await bank earnings
Futures tied to major US stock indices rose on Sunday as investors await more earnings reports from major US banks this week, including Goldman Sachs and JPMorgan Chase.
Which vehicles are eligible for the new EV tax credit?
A new bill being considered in the Senate would increase tax credits for electric vehicles and make them more affordable to consumers while also supporting efforts to combat climate change. Find out which models qualify here.
SpaceX postpones first attempt to launch Starship rocket into orbit
SpaceX is preparing for its first attempt to launch its Starship rocket into orbit, which could potentially revolutionize space travel and pave the way for manned missions to Mars and beyond. However, the launch originally planned for Monday has been postponed.
Many Americans have no retirement funds
More than one-quarter of Americans have no savings for retirement, and many are struggling to understand how much money they will need to live comfortably in their later years.
Apple launches new savings account feature with a 4.15% interest rate and no fees
Apple has launched a new savings account feature for its Apple Card, which offers a 4.15% interest rate and no fees or penalties for early withdrawals. The competitive interest rate allows cardholders to start earning interest immediately.
The potential impact on markets if the US dollar loses world dominance
MarketWatch explores the potential impact on global markets if the US dollar were to lose its status as the world’s dominant currency as other nations begin to challenge its position.
David’s Bridal files for bankruptcy as retail struggles continue
Bridal retailer David’s Bridal has filed for bankruptcy, becoming the latest in a series of retail companies to struggle in the wake of the pandemic and changing consumer behavior. This is despite one in four brides wearing David’s Bridal to their wedding.
Google CEO warns of the potential impact of AI acceleration on society
Google CEO Sundar Pichai warned that society needs to be prepared for the accelerating pace of artificial intelligence and its potential impact on jobs and society as a whole.
IRS reminds taxpayers of easy options to file for an extension
The IRS reminds taxpayers that they can request an extension to file their federal income tax return for 2022 if they need more time to prepare and that the process is quick and easy to do with the agency’s Free File program.
IRS urges taxpayers to turn to its website for help before tax filing deadline
With the tax filing deadline quickly approaching, the IRS is urging taxpayers to visit its website, IRS.gov, for answers to common tax questions, assistance with tax forms, and resources for free tax preparation services.
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