M. Suhail/iStock Editorial via Getty Images In early December of last year, I mentioned to investors that Zumiez Inc. ( ZUMZ ) might be taking a step in the right direction. I acknowledged that the company was speculative. However, even though financial performance had been uncertain, the firm had a strong balance sheet and was actively working on improving operations. As much as I would have love...
M. Suhail/iStock Editorial via Getty Images In early December of last year, I mentioned to investors that Zumiez Inc. ( ZUMZ ) might be taking a step in the right direction. I acknowledged that the company was speculative. However, even though financial performance had been uncertain, the firm had a strong balance sheet and was actively working on improving operations. As much as I would have loved to have been bullish about it, I could not bring myself to do that. Instead, I ended up calling it a "hold" candidate. Since that time, we have seen additional data come in. And what we do have at our disposal shows a growth in revenue, profits, and cash flows at a time when management has been reducing the number of locations that the firm has in operation. Add on top of this how the stock is priced, both on an absolute basis and relative to other similar firms, and I believe that upgrading it to a soft "buy" is the right choice here. Shares Of Zumiez Now Fit The easiest and most appropriate description for Zumiez would be to call it a global lifestyle retailer. That's the exact language that management uses in relaying to shareholders what the business does. To be more direct, it serves as a specialty retailer that provides customers with apparel, footwear, accessories, and hard goods for young men and women. To that end, the company has made significant investments aimed at modernizing operations, including growing online sales and also by purchasing, from time to time, other specialty retailers such as Blue Tomato in 2012 and Fast Times Skateboarding in 2016. Author - SEC EDGAR Data The company has generally seen an increase in sales thanks to these investments. From 2023 through 2025, for instance, revenue grew from $875.5 million to $929.1 million. This was in spite of the fact that, during that window of time, the company reduced the number of locations in operation from 756 to 716. The big driver of expansion here has been a rise in comparable store sales. As an e...
Salesforce on Wednesday evening delivered better-than-expected quarterly results, but it wasn't enough to convince the market that AI will help — not hurt — its enterprise software business. Revenue in the quarter ended April 30 rose 13.3% year over year to $11.13 billion, topping expectations of $11.05 billion, according to LSEG. Adjusted earnings per share totaled $3.87, beating the consensus es...
Salesforce on Wednesday evening delivered better-than-expected quarterly results, but it wasn't enough to convince the market that AI will help — not hurt — its enterprise software business. Revenue in the quarter ended April 30 rose 13.3% year over year to $11.13 billion, topping expectations of $11.05 billion, according to LSEG. Adjusted earnings per share totaled $3.87, beating the consensus estimate by 76 cents, LSEG data showed. On a year-over-year basis, adjusted EPS increased 50%. CRM 1Y mountain Salesforce 1-year return Shares of Salesforce dipped 1% in the after-hours session to about $176. Shares are down about 33% year to date and about $12 above its 52-week low close of $164.96. Bottom line Salesforce is doing everything it can to signal to the market that this year's sell-off is unwarranted and shares trading at less than 14 times earnings don't appropriately reflect the long-term value of the business. But investors remain hesitant to step in until the company delivers more meaningful revenue acceleration alongside expanding margins. Offering some hope, management reiterated its expectations that revenue growth will reaccelerate in the second half of this fiscal year. The better-than-expected quarterly result, along with the promise of building momentum in the near future, might explain why the after-hours move isn't as wicked as that of some other software stocks in this earnings cycle. The company's important new AI-powered platform, Agentforce, closed 98 deals in the quarter, a record, the company said. Agentforce Annual Recurring Revenue (ARR) is now at $1.2 billion, up 205% year over year, from $800 million in the fourth quarter. On the call, CEO Marc Benioff listed LVMH, Chobani, and the U.S. Air Force as organizations that have signed up for Agentforce. Combined with Data 360, the company's cloud unit, and ARR is $3.4 billion, up 200% year over year. While the Agentforce platform is showing promising momentum, the legacy side of Salesforce has b...
Oliver Glasner paid tribute to Crystal Palace’s players as he signed off as manager by winning the Conference League and insisted he has no regrets about his decision to depart despite making history in south London. Jean-Philippe Mateta’s goal in the second half means Glasner has now won three trophies in the space of 12 months after last year’s triumphs in the FA Cup and Community Shield. There ...
Oliver Glasner paid tribute to Crystal Palace’s players as he signed off as manager by winning the Conference League and insisted he has no regrets about his decision to depart despite making history in south London. Jean-Philippe Mateta’s goal in the second half means Glasner has now won three trophies in the space of 12 months after last year’s triumphs in the FA Cup and Community Shield. There were wild celebrations in Leipzig as the Austrian performed a full length slide on the pitch, while thousands of supporters who were watching the game on a big screen at Selhurst Park invaded the pitch. “I took a deep breath with the final whistle,” admitted an emotional Glasner, who said he was no “David Copperfield” when he was appointed to replace Roy Hodgson in February 2024. “I just supported this group of players – I could be the best magician but without the players it wouldn’t work, The players deserve all the credit because they have to trust me and work very hard. They will all tell you I’m very demanding. But they know I want the best for everyone. As soon as everyone understood that we created a fantastic spirit and the supporters now have what they deserve with a spot in the Europa League.” But asked whether he may reconsider his decisions to depart, he added: “No. I remember you asked me once, it was at the academy, when the fans prepared the banner, when we were struggling a little bit. And now it’s the same. I see myself as a servant for the players, as a servant for the club and then somebody who gives the direction. I told the players today in the meeting when we were in the hotel, because I got many messages from fans where they said: ‘Thank you for the best day of my life,’ and I really appreciate it. And I told the players exactly the same. So I have to say thank you to the players, I have to say thank you to the supporters, because it’s the same.” Adam Wharton was named man of the match despite admitting he had been a major doubt to start against Rayo...
Jill Biden feared her husband was having a stroke as she watched then US President Joe Biden stumble through a disastrous debate performance that led to the end of his 2024 re-election campaign, the former first lady said in a recent interview. “I was frightened, because I had never ever seen Joe like that before or since. Never,” Jill Biden told CBS News in an interview scheduled to air on Sunday...
Jill Biden feared her husband was having a stroke as she watched then US President Joe Biden stumble through a disastrous debate performance that led to the end of his 2024 re-election campaign, the former first lady said in a recent interview. “I was frightened, because I had never ever seen Joe like that before or since. Never,” Jill Biden told CBS News in an interview scheduled to air on Sunday. Joe Biden’s shaky, mumbling and sometimes confused delivery against Donald Trump in June 2024 gave fuel to questions voters already had about his fitness for a second term. Advertisement Biden, who was 81 at the time, stumbled on his words, stared open-mouthed and lost his train of thought as he struggled to counter his bombastic rival. Yet immediately after the debate, Jill Biden praised her husband’s performance, telling him in front of a crowd of supporters: “Joe, you did such a great job. You answered every question, you knew all the facts.” 02:48 US presidential debate: Biden and Trump spar over economy, war in Ukraine Joe Biden’s attempts to explain away his performance and offer reassurance that he could handle four more years of the demanding job did little to assuage voters.
Buoyed by cautious investor optimism, U.S. stock markets inched higher on Wednesday. Yet you wouldn't know that from the performance of otherwise powerful American bank JPMorgan Chase (JPM 2.54%). Shares of the lender slumped by more than 2% on the back of remarks from its high-profile leader. Dimon, in the rough That morning, long-serving JPMorgan Chase CEO Jamie Dimon spoke in a fireside chat du...
Buoyed by cautious investor optimism, U.S. stock markets inched higher on Wednesday. Yet you wouldn't know that from the performance of otherwise powerful American bank JPMorgan Chase (JPM 2.54%). Shares of the lender slumped by more than 2% on the back of remarks from its high-profile leader. Dimon, in the rough That morning, long-serving JPMorgan Chase CEO Jamie Dimon spoke in a fireside chat during the Bernstein Strategic Decisions Conference about his company's future. In the wide-ranging discussion, Dimon gave his thoughts about crucial elements of the company's business. He signaled some doubt about the capital markets, in which JPMorgan Chase is a notable participant. "It's gung-ho, folks," he said of the segment. "There's a lot of exuberance out there, so yeah, right now, it's good, but it was in '72, '86, 2000, 2007. That doesn't give me comfort." While Dimon expects the bank to post a 10% year-over-year increase in investment banking and securities trading revenue in the second quarter, he believes overall annual expenses will come in at nearly $106 billion, roughly $1 billion higher than previous guidance. Separately, Dimon revealed that JPMorgan Chase is sniffing around for a big-ticket acquisition to complement its operations. "I do think there might be, in the next couple of years, a chance to put $10 [billion] to $20 billion to work buying something," he said, although he didn't get more specific about potential targets. Expand NYSE : JPM JPMorgan Chase Today's Change ( -2.54 %) $ -7.79 Current Price $ 298.95 Key Data Points Market Cap $822B Day's Range $ 295.89 - $ 305.90 52wk Range $ 260.31 - $ 337.25 Volume 560.5K Avg Vol 9.4M Dividend Yield 1.92 % A contrarian view Dimon is cautious by nature, so this is hardly the first time he's made glass-half-empty/half-full pronouncements on JPMorgan Chase and its business environment. Instead of being spooked by the (not very significant) projected rise in expenses and the high acquisition budget, I'd be enc...
Gen. David Petraeus, Former CIA Director, Fmr. Central Commander and American commander in Iraq. Adam Jeffery | CNBC Unmanned systems will present the greatest danger and structural growth opportunity over the next decade, former CIA director David Petraeus said, pointing to conflicts in Iran and Ukraine as evidence of how warfare is rapidly evolving. Speaking at the UBS Asian Investment Conferenc...
Gen. David Petraeus, Former CIA Director, Fmr. Central Commander and American commander in Iraq. Adam Jeffery | CNBC Unmanned systems will present the greatest danger and structural growth opportunity over the next decade, former CIA director David Petraeus said, pointing to conflicts in Iran and Ukraine as evidence of how warfare is rapidly evolving. Speaking at the UBS Asian Investment Conference, Petraeus said the increasing use of drones in conflict zones showed both the growing danger of unmanned weapons and the urgent need to improve defenses against them. "Much of this is going to be all about unmanned systems and the defenses against them, which have not been adequate in this case," Petraeus said. "It's never going to be perfect, but it can be much better than what it is that we have seen." The proliferation of drone combat in the Middle East will push the region to invest in defensive and offensive capabilities. watch now VIDEO 6:25 06:25 Middle East investing heavily in Strait of Hormuz alternatives: KKR's Petraeus The China Connection Iran's cheap Shahed drones have been a regular fixture in conflicts and proxy attacks across the region, while the U.S. and allies have often relied on more expensive air defense missiles to intercept them. Public estimates place the cost of a Shahed drone at roughly $20,000 to $50,000 each, far below the price of ballistic or cruise missiles, which can cost millions of dollars. "There's going to be enormous spending on defense against what we've seen come from Iran, which is only a hint of the future war," he added. Petraeus pointed out that even a "modest" amount of drones has caused real problems, including cutting Qatar's liquefied natural gas production. The former four-star general, who also led the United States Central Command, said the future of warfare will increasingly shift towards unmanned systems. He added that in a year or so, warfare will evolve beyond unmanned systems to include autonomous systems fighting e...
"On the wedding night, there's an expectation, for those of us who were working on the show, that you should get some sort of hint if the couples are going to sleep together," she tells BBC News. "Even though they've only known each other for two seconds by that point."
"On the wedding night, there's an expectation, for those of us who were working on the show, that you should get some sort of hint if the couples are going to sleep together," she tells BBC News. "Even though they've only known each other for two seconds by that point."
Earnings Call Insights: Sociedad Química y Minera de Chile S.A. (SQM) Q1 2026 Management View “We reported strong results for the first quarter of the year, reflecting a strong performance across our key business lines,” said Ricardo Ramos (General Manager Ricardo Ramos), adding that the Novandino Lithium partnership with Codelco “completed the first full quarter of operations” and that “we are op...
Earnings Call Insights: Sociedad Química y Minera de Chile S.A. (SQM) Q1 2026 Management View “We reported strong results for the first quarter of the year, reflecting a strong performance across our key business lines,” said Ricardo Ramos (General Manager Ricardo Ramos), adding that the Novandino Lithium partnership with Codelco “completed the first full quarter of operations” and that “we are operating at full capacity.” Ramos said, “during the first quarter alone, Novandino Lithium generated more than $530 million in contributions to the Chilean state through payments to CORFO, taxes and transfers to local governments.” Ramos reported, “total sales volumes in the first quarter increased by 25% year-over-year, reaching approximately 69,000 metric tons of lithium carbonate equivalent,” and said SQM “increased our lithium sales volume guidance for the year” to “grow by approximately 15% compared to 2025.” Ramos framed near-term pricing as improving, saying, “we also believe average realized price in the second quarter could be higher than those reported in the first quarter,” while highlighting project milestones: “we continue advancing in the Salar Futuro project and expect to begin the environmental permitting process in the coming months.” Gerardo Illanes (CFO & VP of Finance Gerardo Illanes) emphasized cash and competing uses: “we finished the first quarter with higher cash and cash equivalent than what we had at the end of last year,” but noted, “right after that, we pay dividends, 50% of the net income of last year,” alongside CORFO and tax-related payments, and added, “at this quarter, we have not taken any decision so far” on additional distributions. Pablo Altimiras (CEO Iodine and Plant Nutrition Division Pablo Altimiras) tied Specialty Plant Nutrition upside to China trade restrictions: “by the end of March, China suspends the export of potassium nitrate abroad,” and said SQM is positioned because “we have the capacity, the installed capacity, inventories...
"We did not know it was going to be one of the hottest days of the year," laughs Baugh. "It has really made me think of all the people that have worked to do this over hundreds of years."
"We did not know it was going to be one of the hottest days of the year," laughs Baugh. "It has really made me think of all the people that have worked to do this over hundreds of years."
On May 7, 2026, Christopher A. Moore, Chief Accounting Officer of Mirion Technologies (MIR 5.94%), reported the sale of 8,400 shares of Common Stock in an open-market transaction, as disclosed in the SEC Form 4 filing. Transaction summary Metric Value Shares sold (direct) 8,400 Transaction value $165K Post-transaction shares (direct) 22,157 Post-transaction value (direct ownership) $438K Transacti...
On May 7, 2026, Christopher A. Moore, Chief Accounting Officer of Mirion Technologies (MIR 5.94%), reported the sale of 8,400 shares of Common Stock in an open-market transaction, as disclosed in the SEC Form 4 filing. Transaction summary Metric Value Shares sold (direct) 8,400 Transaction value $165K Post-transaction shares (direct) 22,157 Post-transaction value (direct ownership) $438K Transaction value based on SEC Form 4 reported price ($19.64); post-transaction value based on the value of post-transaction holdings using the May 7, 2026, market close. Key questions How does the size of this sale compare to Moore’s historical trading activity? The 8,400-share sale is the largest single direct sale for Moore to date, exceeding his prior sell transactions of 8,153 and 3,430 shares, and is consistent with a pattern of periodic, capacity-driven reductions as holdings decline. The 8,400-share sale is the largest single direct sale for Moore to date, exceeding his prior sell transactions of 8,153 and 3,430 shares, and is consistent with a pattern of periodic, capacity-driven reductions as holdings decline. What proportion of Moore’s equity position was impacted by this transaction? The transaction involved 27.49% of Moore’s direct Common Stock holdings, with all shares held directly and no change to indirect or derivative exposure. The transaction involved 27.49% of Moore’s direct Common Stock holdings, with all shares held directly and no change to indirect or derivative exposure. Does Moore retain a meaningful position after this sale? Moore now directly owns 22,157 shares of Common Stock (approximately 0.01% of shares outstanding), with no additional indirect or derivative interests disclosed as of the filing date. Moore now directly owns 22,157 shares of Common Stock (approximately 0.01% of shares outstanding), with no additional indirect or derivative interests disclosed as of the filing date. How does the transaction timing relate to the company’s share price and...
Key Points These will cost $2.99 to $3.99 per month. This is sure to meaningfully impact the fundamentals, given the company's billions of active users. 10 stocks we like better than Meta Platforms › Meta Platforms (NASDAQ: META) is rolling out a paid tier for its hugely popular social media sites, and investors were clearly happy about the news. They piled into the Facebook owner's stock on Wedne...
Key Points These will cost $2.99 to $3.99 per month. This is sure to meaningfully impact the fundamentals, given the company's billions of active users. 10 stocks we like better than Meta Platforms › Meta Platforms (NASDAQ: META) is rolling out a paid tier for its hugely popular social media sites, and investors were clearly happy about the news. They piled into the Facebook owner's stock on Wednesday, sending it to a nearly 4% gain that trading session. Meta money spinner Appropriately, in a post on Meta's Instagram, the social media titan's head of product, Naomi Gleit, announced that its pilot Facebook Plus, Instagram Plus, and WhatsApp Plus are being expanded globally. Users opting for those paid tiers will pay $3.99 per month for both Facebook Plus and Instagram Plus; WhatsApp Plus will set them back $2.99. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Users subscribing to the Plus offerings will have access to premium features, including enhanced profile customization and story insights. In her Instagram post, Gleit said that more features would be introduced in the future. She did not get specific. The move comes several months after Meta divulged it was road-testing subscription tiers for its three sites. In a report on the rollout, popular industry website TechCrunch, citing information it received from the company, wrote that the new subscriptions don't supplant the existing Meta Verified service. Verified doesn't conflict with these, apparently, as it's an identity protection and verification tool. Billions of potential customers Gleit didn't provide any Meta estimates of the take-up the company expects from its users for the paid levels. Given that Facebook alone had nearly 3.1 billion monthly active users (MAUs) at the end of the latest-reported quarter, 2.1 billion of whom accessed...
Salesforce NYSE: CRM reported what executives described as an “outstanding” fiscal 2027 first quarter, highlighting double-digit revenue growth, margin expansion, strong cash flow and accelerating adoption of its Agentforce artificial intelligence products. Chair and CEO Marc Benioff said Salesforce delivered “record revenue” and “record deals” in the quarter, with revenue of $11.13 billion, up 13...
Salesforce NYSE: CRM reported what executives described as an “outstanding” fiscal 2027 first quarter, highlighting double-digit revenue growth, margin expansion, strong cash flow and accelerating adoption of its Agentforce artificial intelligence products. Chair and CEO Marc Benioff said Salesforce delivered “record revenue” and “record deals” in the quarter, with revenue of $11.13 billion, up 13% year over year on a nominal basis and 12% in constant currency. Current remaining performance obligation, or cRPO, was $33.6 billion, up about 14% nominally and 13% in constant currency. Get Salesforce alerts: Sign Up The company reported a non-GAAP operating margin of 34.8%, up 250 basis points from a year earlier, and a GAAP operating margin of 21.1%, up 130 basis points. Operating cash flow totaled $6.7 billion. Agentforce adoption drives management’s narrative Benioff framed the quarter around Salesforce’s push into what it calls “agentic” AI, saying Agentforce is “the biggest growth opportunity” for customers and the company since Salesforce brought CRM to the cloud. He said Agentforce annual recurring revenue is now greater than $1 billion. Combined with Data 360 and Informatica Cloud, Salesforce has $3.4 billion in AI and data ARR, according to Benioff. He also said 50% of Agentforce and Data 360 bookings came from existing customers expanding their commitments. Salesforce processed 28.6 trillion tokens in the quarter, up 152% quarter over quarter, and converted those into 3.8 billion “agentic work units,” up 111% quarter over quarter, Benioff said. He described those metrics as evidence of customer adoption of the company’s AI products. Benioff said Agentforce has been deployed across Salesforce’s Customer 360 applications, including service, sales, marketing and commerce. On Salesforce’s own help site and phone support line, he said Agentforce has autonomously handled 4 million inquiries over about 15 months, now double the volume handled by human agents. In sale...
Agilent Technologies (NYSE:A) raised its fiscal 2026 outlook after reporting stronger-than-expected second-quarter results, with management pointing to broad-based demand, instrument replacement momentum, pricing actions and operational gains from its Ignite operating system. CEO Padraig McDonnell said Agilent delivered “an excellent second quarter” with revenue of $1.83 billion, up 6.3% on a core...
Agilent Technologies (NYSE:A) raised its fiscal 2026 outlook after reporting stronger-than-expected second-quarter results, with management pointing to broad-based demand, instrument replacement momentum, pricing actions and operational gains from its Ignite operating system. CEO Padraig McDonnell said Agilent delivered “an excellent second quarter” with revenue of $1.83 billion, up 6.3% on a core basis and above the high end of the company’s guidance. Non-GAAP operating margin expanded to 26.4%, up 130 basis points from a year earlier, while non-GAAP earnings per share rose 14% to $1.49, exceeding the top end of guidance by $0.07. “We delivered at or above our long-term plan on all metrics, revenue growth, margin expansion and EPS growth,” McDonnell said. He said the quarter showed that benefits from the company’s Ignite operating system are becoming “structurally embedded” in the business. Key End Markets Show Broad Strength McDonnell said Agilent’s performance was supported by strength across several of its largest markets. Pharma revenue grew 6% in the quarter, including another period of low-double-digit growth in biotech, led by large-cap customers. Small molecule pharma grew in the low single digits. Chemicals and advanced materials grew 8%, helped by semiconductor demand and chemical capital spending in the Americas. Diagnostics and clinical grew 11%, driven by cancer diagnostics offerings. Environmental and forensics grew 13%, with forensics revenue up more than 50% due to a Transportation Security Administration airport security contract and competitive tender wins in Asia and Europe. Food declined 3%, which management attributed to funding delays in China and India. Academia and government declined 5%, in line with Agilent’s expectations. CFO Adam Elinoff said revenue growth was strongest in the Americas, where sales rose 11%. Europe and Asia excluding China grew in the high single digits. China declined 9% in the quarter, though Elinoff said China was ro...
In this article META Follow your favorite stocks CREATE FREE ACCOUNT Meta CEO Mark Zuckerberg leaves the federal courthouse in downtown Los Angeles after defending the company in a landmark social media addiction trial, Feb. 19, 2026. Jon Putman | Anadolu | Getty Images Meta CEO Mark Zuckerberg said his company could enter the cloud computing market if it overspends on data centers and ends up wit...
In this article META Follow your favorite stocks CREATE FREE ACCOUNT Meta CEO Mark Zuckerberg leaves the federal courthouse in downtown Los Angeles after defending the company in a landmark social media addiction trial, Feb. 19, 2026. Jon Putman | Anadolu | Getty Images Meta CEO Mark Zuckerberg said his company could enter the cloud computing market if it overspends on data centers and ends up with excess capacity. "it's definitely on the table," Zuckerberg said on Wednesday at Meta's annual shareholder meeting, in response to a question about potentially competing with Amazon and Microsoft in cloud computing. Zuckerberg reiterated comments made on an earnings call last year , noting that "almost every week there are different companies that come to us from outside asking us to both stand up an API service or asking if we have compute that they could buy from us at some premium to what we've bought it at." Of the four giant hyperscalers in the U.S. Meta is the only one that doesn't have a cloud infrastructure and services business. Meanwhile, Meta's spending to fuel artificial intelligence development is right up there with its rivals. In April, Meta raised its 2026 guidance for AI-related capital expenditures to between $125 billion and $145 billion, up from a prior range of $115 billion to $135 billion. Meta shares sank 7% despite better-than-expected first-quarter earnings , underscoring concern about the company's hefty AI spending. Zuckerberg is reminding Wall Street that it has the ability to rent out some of its computing resources. "We haven't done that yet because we think that we have a use for the compute," Zuckerberg said Wednesday. "Obviously if we get to a point where we feel that we have overbuilt, then that is an option that we have, and that is partially what gives us confidence in investing in building this out." Zuckerberg also discussed the company's plans involving AI-powered personal assistants, an effort he briefly detailed in an April earning...
U.S. President Donald Trump talks to reporters before boarding Air Force One on May 20, 2026 at Joint Base Andrews, Maryland. Trump is traveling to Connecticut to deliver the commencement address at the United States Coast Guard Academy. Chip Somodevilla | Getty Images President Donald Trump' s recently dismissed $10 billion lawsuit against the Internal Revenue Service should be reopened so the ju...
U.S. President Donald Trump talks to reporters before boarding Air Force One on May 20, 2026 at Joint Base Andrews, Maryland. Trump is traveling to Connecticut to deliver the commencement address at the United States Coast Guard Academy. Chip Somodevilla | Getty Images President Donald Trump' s recently dismissed $10 billion lawsuit against the Internal Revenue Service should be reopened so the judge who oversaw it can investigate "whether a fraud occurred," 35 former federal judges argued Wednesday. Trump, his two eldest sons and the Trump Organization on May 18 abruptly dropped their case against the IRS and the Treasury Department, which was based on leaks of their tax information by an ex-IRS employee in 2019 and 2020. Federal Judge Kathleen Williams of Miami District Court accordingly ordered the case dismissed with prejudice, while noting that the move cancels an upcoming deadline related to her efforts to scrutinize the matter. She also noted in her ruling that the plaintiffs made no reference to a settlement and that the defendants did not submit any settlement documents. The same day, the Department of Justice announced that as part of a settlement agreement in the case, the U.S. attorney general will establish a $1.776 billion " Anti-Weaponization Fund. " One day later, the DOJ revealed an addendum to the settlement that effectively shielded the plaintiffs and certain affiliates from any IRS enforcement regarding their past tax returns. "The Court was deceived," the ex-judges wrote in a court filing Wednesday afternoon. "Despite Plaintiffs not having mentioned any settlement in their Notice, the [DOJ] publicly announced a 'settlement' of this action shortly after Plaintiffs filed their dismissal," they wrote. That settlement "raises profound questions about the parties' candor toward the Court and manipulation of the judicial system, which threatens to undermine confidence in the administration of justice," they argued. Among the retired judges who joined ...
Key Points Thanks to the new senior tax deduction, many Social Security recipients aren't paying taxes on their benefits. The deduction did not make those taxes go away. Even if you're exempt now, your benefits may start getting taxed again in 2029. The $23,760 Social Security bonus most retirees completely overlook › The desire to pay less in taxes doesn't tend to magically disappear in retiremen...
Key Points Thanks to the new senior tax deduction, many Social Security recipients aren't paying taxes on their benefits. The deduction did not make those taxes go away. Even if you're exempt now, your benefits may start getting taxed again in 2029. The $23,760 Social Security bonus most retirees completely overlook › The desire to pay less in taxes doesn't tend to magically disappear in retirement. You may not have the same paycheck you did during your working years, but you'll probably want to pay the IRS as little as possible once you've moved on to that stage of life. Thanks to the new $6,000 senior tax deduction introduced as part of the One Big Beautiful Bill Act (OBBBA), many older Americans are getting a tax break this year that they weren't entitled to previously. And most seniors on Social Security are now exempt from paying taxes on their benefits, thanks to the $6,000 deduction [https://www.whitehouse.gov/releases/2025/07/no-tax-on-social-security-is-a-reality-in-the-one-big-beautiful-bill/. But it's important not to confuse the two concepts. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Two separate tax situations The new $6,000 senior tax deduction has generated a lot of buzz since it was introduced last year. But a big misconception is that the deduction got rid of taxes on Social Security benefits. That didn't happen. The deduction did not change the rules of how Social Security income is taxed, and neither did the OBBBA. What the new deduction does is reduce most seniors' income substantially. That, in turn, gets most Social Security recipients out of paying taxes on benefits, since the requirement to pay those taxes hinges on income. But the general obligation to pay taxes on Social Security benefits is still there. And higher earners who don't qualify for the $6,000 deduction ...