Latest in Tax Revenue Forecast
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Australia lowers tax revenue forecast on weak Chinese economy
Treasury cuts $5.4bn from budget estimates over next four years, citing ‘significant impact’ of softer commodities demandFinancial Times - 12h -
Snow and ice storms forecast across West Coast, Midwest
Winter storm warnings are in place for the Sierra Nevada until 10 p.m. Saturday, where 6 to 24 inches of snow are possible.ABC News - 1d -
Many Americans face tax increases in 2026 if tax cuts are not passed
Many Americans will face a tax increase in 2026 if the 2017 tax cuts are not extended, according to a new analysis by the Tax Foundation. Richard Rubin, a U.S. tax policy reporter for the Wall ...CBS News - 2d -
Bundesbank slashes growth forecast and sounds alarm over trade war
Europe’s largest economy could be pushed into recession by Trump tariffs, central bank warnsFinancial Times - 3d -
Broadcom’s stock soars as earnings call offers a bold AI forecast
The chip maker booked 220% growth in AI semiconductor revenue for the latest fiscal year — and sees future AI sales far greater than that $12.2 billion sum.MarketWatch - 3d -
Broadcom Revenue Surges on Semiconductor Business Momentum
For its fiscal first quarter, Broadcom expects revenue of $14.6 billion, up from a reported topline performance of $11.96 billion for the year-ago period.The Wall Street Journal - 3d -
Thune expects tax package by summer: 'Failure is not an option'
Incoming Senate Majority Leader John Thune (R-S.D.) reaffirmed his objective to prioritize swift tax reform in the 119th Congress as well as legislation supporting border security and the energy ...The Hill - 4d -
Consult us on inheritance tax, farmers urge PM
Farmers driving tractors stage another protest against the Budget changes in central London.BBC News - 4d -
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Adidas' German headquarters raided in connection with tax investigation
Adidas' German headquarters was raided as authorities investigate a yearslong tax concern.CNBC - 5d -
Oracle shares slide on earnings and revenue miss, disappointing forecast
Oracle shares fell Tuesday morning after the database software company issued disappointing quarterly results.CNBC - 5d -
SiriusXM Expects Revenue to Decline in 2025
SiriusXM expects to bring in less revenue next year than in 2024, according to the company’s latest guidance.The Wall Street Journal - 6d -
Tax Cuts Were Top of Mind at the Tax Foundation’s Annual ‘Prom’
Republican control of Washington and a tax bill next year have corporate America excited — and on edge.The New York Times - 6d -
China's exports slow, imports decline in November, falling below forecasts
China’s exports slowed in November and its imports declined, falling below forecasts and underscoring potential weakness in trade at a time when its leaders are striving to boost domestic business ...ABC News - 6d -
MongoDB rallies on upbeat forecast, helped by momentum from new business
Shares of MongoDB Inc. jumped after hours on Thursday after the data development, storage and management platform raised its full-year outlook, as it attracts new business and invests in upgrades ...MarketWatch - 6d -
Young forecaster's Hurricane Helene reports credited with saving lives
Ethan Clark, a 22-year-old self-taught forecaster, received one of North Carolina's highest civilian honors for his reporting during Hurricane Helene. CBS News contributor David Begnaud has the story.CBS News - 6d -
India appoints Revenue Secretary Sanjay Malhotra as new central bank governor
India has appointed Sanjay Malhotra as governor of the country's central bank for a three-year period, according to CNBC TV18.CNBC - Dec. 9 -
Advertising revenues set to hit $1tn in market dominated by tech groups
Google, Meta, ByteDance, Amazon and Alibaba expected to earn more than half the annual totalFinancial Times - Dec. 9 -
Trump's tariffs: A tax on American consumers
President-elect Donald Trump has promised to impose across-the-board tariffs on imported goods from some allies and adversaries, claiming that foreign nations will pay such taxes to the U.S. ...CBS News - Dec. 8 -
India central bank cuts growth forecast
RBI holds rates and says economy has bottomed outFinancial Times - Dec. 6 -
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No need for 'large' council tax hikes - Robison
The finance secretary says a record funding deal should prevent an increase - but the decision will rest with local authorities.BBC News - Dec. 5 -
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Southwest Airlines Lifts Revenue Outlook
Southwest Airlines is the latest airline lifting its revenue guidance for the final quarter of the year as travel demand holds steady.The Wall Street Journal - Dec. 5 -
Top Republicans collide on strategy for Trump tax agenda
House and Senate Republicans are clashing over how to advance President-elect Trump's tax agenda after incoming Senate Majority Leader John Thune (R-S.D.) offered a plan that would put off tax ...The Hill - Dec. 5 -
Balfour Beatty Forecasts Earnings Beat
Balfour Beatty said it was on track to deliver earnings growth ahead of market forecasts this year, and that it planned further share buybacks in 2025.The Wall Street Journal - Dec. 5 -
Britain forecast to reach peak gasoline this year in landmark moment for electric vehicles
Britain is forecast to hit "peak petrol" in 2024, according to a new report, with EVs on track to assume a much bigger share of the country's car market.CNBC - Dec. 5 -
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More Arctic Cold and Deep Snow Is Forecast. A Day-by-Day Look
Here’s a day-by-day look at the winter weather forecast this week.The New York Times - Dec. 4 -
Google DeepMind hits new milestone in AI weather forecasting
GenCast tool outperforms traditional methods on predictions up to 15 daysFinancial Times - Dec. 4 -
Google Introduces A.I. Agent That Aces 15-Day Weather Forecasts
GenCast, from the company’s DeepMind division, outperformed the world’s best predictions of deadly storms as well as everyday weather.The New York Times - Dec. 4 -
Interest rates forecast to be higher for longer due to Budget
Measures in the Budget will boost growth in the short-term, but interest rates will fall more slowly, it says.BBC News - Dec. 4 -
These parts of Trump's tax cut law expire in 2026
The 2017 Tax Cuts and Jobs Act (TCJA) made huge permanent cuts to corporate and business taxes while making temporary cuts to individual taxes to limit the bill’s expansionary effects on the ...The Hill - Dec. 4 -
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Centrica Delays Nuclear Plants Closure, Boosts Output Forecasts
The British Gas owner said two of the power stations are now expected to generate electricity until March 2027, one year later than previously expected.The Wall Street Journal - Dec. 4 -
Salesforce shares rise after earnings beat on revenue, fourth-quarter guidance
Salesforce reported its fiscal third-quarter earnings on Tuesday and posted strong fourth-quarter guidance.CNBC - Dec. 3 -
Marvell forecasts fourth-quarter revenue above estimates on strong AI-backed demand
Marvell's shares have risen nearly 60% this year as Wall Street pours billions of dollars into AI-linked stocks, placing huge bets on the future of genAI technology. Demand for advanced chips that ...Yahoo Sports - Dec. 3 -
What's the home equity loan interest rate forecast for December 2024?
Will December be a good time to borrow from your home equity? Here's where rates could head this month.CBS News - Dec. 3 -
What's the mortgage interest rate forecast for December 2024?
If you're planning to buy or refinance a home this month, here's what mortgage rates could look like.CBS News - Dec. 3 -
Microchip Technology to Cut Jobs, Sees Revenue Near Low End of Views
The Chandler, Ariz., total system solutions provider said it plans to cut about 500 employees following slower-than-expected turns orders and manufacturing restructuring plans.The Wall Street Journal - Dec. 2
