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  • Politics
    Yahoo Finance

    Test what you know about the economic résumés of Biden and Trump

    Joe Biden and Donald Trump will lay out different summaries of recent history when they meet Thursday for their first debate. See if you can guess at their true economic records.

  • Business
    Yahoo Finance Video

    IRS's free tax-filing tool: Why TurboTax says it's not worried

    The Federal Trade Commission (FTC) ruled earlier this year that Intuit's (INTU) TurboTax Free was not actually free for most. Intuit CFO Sandeep Aujla joins Wealth! to discuss the future of the tax platform as more free filing programs enter the market. "We have always offered free products. In fact, we were one of the early innovators in the free space. And free is a key component of the tax industry. You have many free participants in there. And the government introducing a free offering is not a material impact to the industry, and quite frankly, I think it's not a good use of our fiscal spending either," Aujla says. Aujla notes that Intuit is using AI to help bring expertise to users when filing their taxes, explaining: "That's the part of the business that we're really highlighting to the investment community. It's a business that grew 17% last year. It is $1.4 billion in revenue, representing about 30% of our overall tax revenues. And, it is a business that we continue to invest in and are quite excited about its growth prospects. And that's what's giving is bolstering our confidence, quite frankly, on our ability to continue to scale our consumer group and our tax revenues." For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Melanie Riehl

  • Business
    Yahoo Finance Video

    How the wealthy are investing for growth

    High-net-worth individuals are experiencing an average wealth increase of 4.7%, according to recent findings from Capgemini Research. The study also reveals that the population of this group grew by 5.1% in 2023. Elias Ghanem, Global Head of Capgemini Research Institute for Financial Services, joins Wealth! to provide insight into these trends. Ghanem identifies a significant shift in wealth management strategies among the affluent. "People are slowly but surely moving from wealth preservation... to wealth growth," he observes. Three key areas have emerged as focal points for investment strategies among the wealthy this year, according to Ghanem: real estate, alternative investments, and private equity. "We're observing this quite a lot recently," he tells Yahoo Finance, highlighting the move from "safe" to growth-oriented avenues. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Angel Smith

  • News
    Bloomberg

    NYC Temperature to Approach Record as Heat Sits Over Eastern US

    (Bloomberg) -- New York, Washington and the middle Atlantic region will bake through another day of hot, sticky weather, pushing temperatures close to record highs before thunderstorms arrive to briefly cool things off.Most Read from BloombergRussia Is Storing Up a Crime Wave When Its War on Ukraine EndsCDK Hackers Want Millions in Ransom to End Car Dealership OutageDubai Real Estate’s Resilience May Signal End of Boom-Bust CycleGlobal Investors Turn Cautious on Once Favorite Japanese StocksWall