Why Trump tax deductions — for tips, car loans and more — may not carry large benefits for low earners

Key Points

New tax deduction — on auto loans, tips and overtime pay, and for older Americans — wouldn’t deliver much of a financial benefit for lower earners, experts said.
These policies are part of a massive legislative package championed by President Donald Trump.

Source

Finance

Stocks making the biggest moves midday: Paramount Skydance, Krispy Kreme, Kohl’s, Nvidia and more

August 27, 2025

Check out the companies making the biggest moves midday: Paramount Skydance — The media stock lost more than 5%, marking its fourth straight day of losses, as the parent company of CBS continued to give back some of its sharp August gains. J.M. Smucker — The maker of Cafe Bustelo coffee and Jif peanut butter […]

Finance

Wealthy Americans are traveling to Europe to dodge tariffs on luxury goods

August 27, 2025

Key Points Some affluent consumers are planning trips to Europe to buy luxury goods, with the goal of bringing them back tariff-free. Watchmakers in Switzerland and fashion boutiques in France and Italy are among the most sought after, travel advisors said. There are caveats to the strategy, experts said. For one: Travelers are supposed to […]

Finance

Stocks making the biggest moves premarket: Kohl’s, MongoDB, Canada Goose, Cracker Barrel and more

August 27, 2025

Check out the companies making headlines before the bell: MongoDB — The database platform developer soared 30% after its latest results beat Wall Street analysts’ estimates. MongoDB reported adjusted earnings of $1 per share on revenue of $591 million, above the consensus as compiled by LSEG of 66 cents per share on revenue of $556 […]