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X @The Wall Street Journal
The Wall Street Journal· 2026-02-11 18:20
New York City Mayor Zohran Mamdani said taxes from Wall Street bonuses and aggressive municipal savings would reduce the budget shortfall the city faces by $5 billion over the next two years https://t.co/YoERMb3aDw ...
Why LuxExperience Stock Rocketed 21% Higher on Tuesday
Yahoo Finance· 2026-02-11 01:08
Core Insights - LuxExperience (NYSE: LUXE) experienced a significant stock price increase of over 21% following its fiscal second-quarter earnings report, which exceeded analyst expectations and included positive guidance adjustments [1] Financial Performance - For the second quarter of fiscal 2026, LuxExperience's net sales nearly tripled year-over-year, reaching just under 647 million euros ($770 million) [2] - The company's net loss increased to 9.1 million euros ($10.8 million), compared to a loss of approximately 7.7 million euros ($9.2 million) in the same quarter of the previous year [2] - The reported net sales surpassed analyst projections of slightly below 646 million euros ($769 million), while the per-share net loss was better than the expected 0.07 euros ($0.08) [3] Brand Performance - The Mytheresa line performed particularly well, with net sales rising nearly 9% to generate approximately 243 million euros ($289 million) in revenue [4] - In contrast, Net-a-Porter and Mr Porter experienced a 1% decline in net sales, while Yoox saw a 7% decrease [4] Guidance Adjustments - LuxExperience raised the lower end of its gross merchandise value (GMV) and EBITDA guidance for fiscal 2026, now projecting GMV between 2.5 billion euros ($3 billion) and 2.7 billion euros ($3.2 billion) [5][6] - The adjusted EBITDA margin is now expected to range from -1% to 1%, an improvement from the previous estimate of -2% to 1% [6] Market Sentiment - Despite the positive top-line growth, there are concerns regarding the company's bottom line, as it is expected to achieve higher margins typical for a luxury fashion retailer [7]
A CPA Says Most People Have No Idea How Taxes Really Work. 'You Can Put Whatever You Want On Your Tax Return Until You Get Audited'
Yahoo Finance· 2026-02-09 16:16
Core Insights - The article discusses common misconceptions about taxes, particularly regarding write-offs and deductions, highlighting the confusion among taxpayers about how these concepts work [2][7]. Group 1: Misunderstandings About Write-Offs - Many individuals mistakenly believe that write-offs equate to receiving free money from the government, thinking that spending $1,000 and writing it off means a full reimbursement [7]. - Tax professionals clarify that deductions lower taxable income rather than providing dollar-for-dollar reductions in taxes owed, leading to poor tax decisions among taxpayers [7]. - A significant number of people are willing to spend large amounts to save relatively smaller amounts in taxes, indicating a lack of understanding of tax efficiency [8]. Group 2: Examples of Misconceptions - Taxpayers have attempted to deduct a wide range of personal expenses, including personal vehicles without business use, family vacations labeled as "research," and even pets claimed as dependents [9]. - Other unusual items claimed for deductions include grooming, clothing, lottery tickets, casino trips, cruises, Netflix subscriptions, child care, weddings, and cosmetic surgery [9].
X @Bloomberg
Bloomberg· 2026-02-05 02:12
India’s arbitrage fund managers are bracing for lower returns after the government unexpectedly raised taxes on equity derivatives, a move that threatens a fast-growing sector that holds $36 billion in assets https://t.co/bwzStYpHmF ...
Immigrants have reduced the deficit by $14T since 1994, study shows
MSNBC· 2026-02-04 18:08
NON-PARTISAN PUBLIC POLICY RESEARCH ORGANIZATION HAS RELEASED A NEW THE REPORT LOOKING AT HOW IMMIGRANTS, BOTH LEGAL AND UNDOCUMENTED, HAVE AFFECTED THE U .S. GOVERNMENT'S DEBT AND DEFICIT OVER THE PAST 30 14 TRILLION DOLLARS. THE REPORT FOUND THAT FROM 1994 TO 2023, IMMIGRANTS HAVE DATA SHOWS THAT EVERY YEAR DURING THAT TIME, IMMIGRANTS HAVE PAID MORE IN TAXES THAN THEY RECEIVED IN BENEFITS FROM THE FEDERAL STATE IMMIGRANTS IN THE BUDGET DEFICIT, THE REPORT FOUND THAT EVEN IF THE GOVERNMENT HAD NOT SPENT A ...
X @Bloomberg
Bloomberg· 2026-02-03 17:56
Nigel Farage says he plans to cut taxes on beer and the hospitality sector by reinstating a cap on child benefits if his Reform UK party wins the next general election https://t.co/6nzJTlD8Ru ...