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Russian President Vladimir Putin and Chinese President Xi Jinping at their bilateral meeting prior to the opening of the BRICS summit, on Oct. 22, 2024, in Kazan, Russia.Contributor | Getty Images News | Getty ImagesChina and Russia's "profound" relationship will not change despite the turbulence in global geopolitics, Chinese President Xi Jinping told his counterpart Vladimir Putin at the opening of the BRICS summit in Kazan, Russia, on Tuesday.The two leaders met at the BRICS summit in Kazan on Tuesday afternoon local time, according to the official readouts from both governments."The world today is facing momentous transformations unseen in a century, resulting in a fast-changing and turbulent international landscape," Xi said, according to the English readout of the meeting. "Yet I am ...

Ryan Bergh, a machinist at Boeing's factory in Everett, Washington for 10 years, cheers during a strike rally for the International Association of Machinists and Aerospace Workers (IAM) at the Seattle Union Hall in Seattle, Washington, on October 15, 2024. (Photo by Jason Redmond / AFP) (Photo by JASON REDMOND/AFP via Getty Images)Jason Redmond | AFP | Getty ImagesBoeing has already braced investors for a rough quarterly report. Now, new CEO Kelly Ortberg has the chance to share his vision for the troubled manufacturer, from a potential strike-ending labor agreement to a slimmed-down future.When he takes the mic for his first earnings call as Boeing's CEO on Wednesday, more than 32,000 striking machinists will start voting on a new, sweetened contract proposal. Results of the labor vote ar...

Rockaa | E+ | Getty ImagesFederal tax brackets for 2025Federal income tax brackets show how much you owe on each part of your "taxable income," which you calculate by subtracting the greater of the standard or itemized deductions from your adjusted gross income.Higher standard deductionThe standard deduction will also increase in 2025, rising to $30,000 for married couples filing jointly, up from $29,200 in 2024. Starting in 2025, single filers can claim $15,000, a bump from $14,600.Trump's tax cuts also included higher standard deductions, which will sunset after 2025 if Congress doesn't extend that tax break.  Source link

Xavier Lorenzo | Moment | Getty ImagesThe IRS has unveiled higher capital gains tax brackets for 2025.In its announcement Tuesday, the agency boosted the taxable income limits for the long-term capital gains brackets, which apply to assets owned for more than one year.   The IRS also increased figures for dozens of other provisions, including federal income tax brackets, the estate and gift tax exemption and eligibility for the earned income tax credit, among others. More from Personal Finance:Tax brackets may increase after 2025. It could affect your brokerage accountBuying a home? Here are key steps to consider from top-ranked advisorsTrump's tax cuts could expire after 2025. How advisors are preparingThe capital gains rate you pay is based on which bracket you fall into based on taxable...

The Internal Revenue Service has announced a higher estate and gift tax exemption for 2025.The "basic exclusion amount" rises to $13.99 million per person in 2025, up from $13.61 million in 2024, the agency said Tuesday. The exemptions apply to tax-free transfers during life and at death.The IRS also boosted figures for dozens of other provisions, including federal income tax brackets, long-term capital gains tax brackets and eligibility for the earned income tax credit, among others.  More from Personal Finance:Tax brackets may increase after 2025. It could affect your brokerage accountBuying a home? Here are key steps to consider from top-ranked advisorsTrump's tax cuts could expire after 2025. How advisors are preparingAfter 2025, the higher estate and gift tax exemption enacted by form...