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David Hester inspects damages of his house after Hurricane Helene made landfall in Horseshoe Beach, Florida, on September 28, 2024. Chandan Khanna | Afp | Getty ImagesAfter a natural disaster, some victims may be eligible for tax relief — but qualifying can be tricky, tax experts say.In late September, Hurricane Helene ravaged parts of Florida, Georgia, North Carolina, South Carolina, Virginia and Tennessee. Two weeks later, Hurricane Milton brought high winds, tornados and flooding through the middle of Florida.Impacting both insured and uninsured homes, the losses from both storms could amount to tens of billions of dollars.Certain victims can amend 2023 returns to claim a tax break for recent losses, known as the "casualty loss tax deduction," according to the IRS. But the calculation i...

UBS sees the U.S. stock market scaling to new heights in the new year. Strategist Jonathan Golub raised his 2025 S & P 500 target to 6,400 from 6,000 in a note to clients released Tuesday. The new forecast implies upside of 9.2% from Monday's close. Golub pointed to a "supportive" economic backdrop as a catalyst for the change. "UBS economists forecast 3.7% nominal GDP in 2025 (1.6% real), roughly in line with long-term averages," he said. Additionally, "rate cuts should lower interest expense and default risk, adding to both EPS and valuations." Golub's call comes one day after the S & P 500 hit a fresh record, bringing its year-to-date gains to nearly 23%. Stocks have recently been on a tear as investors see further rate reductions from the Federal Reserve on the horizon. "Valuat...

Apple iPad Mini 2024AppleApple announced a new iPad mini on Tuesday, offering the first update to its smallest tablet since 2021.The new iPad mini comes with a faster A17 Pro processor, the same chip that was in last year's iPhone 15 Pro. That means it supports Apple Intelligence, the company's new suite of artificial intelligence features that will slowly begin rolling out to users this month.During the company's fiscal third quarter, Apple showed the strongest growth in its iPad segment, which grew about 24% year-over-year after it introduced several new iPads for the first time since 2022.Apple's smallest iPad has attracted a fanbase of users who appreciate its more portable 8.3-inch screen for reading books or taking notes. The iPad Mini supports the latest Apple Pencil Pro, which was ...

Here are Tuesday's biggest calls on Wall Street: Stephens initiates Valvoline as overweight Stephens said the automotive retailer is well positioned. "We are initiating coverage on Valvoline Inc . With an Overweight rating and a $49 price target." Evercore ISI adds a tactical outperform on Alphabet Evercore said it's bullish heading into earnings later this month. "With GOOGL, we see a stock that has underperformed intra-quarter, with relatively modest Street expectations for Q3 Search (1% Q/Q), YouTube (3%), and Cloud revenue, as well as overall Operating Margins." Wells Fargo reiterates Tesla as underweight and Rivian as equal weight Wells said it's cautious on both EV stocks. " TSLA & RIVN both reported disappointing Q3 deliveries. TSLA will likely keep using aggressive finance prom...

The Citibank building in Canada Square at the heart of Canary Wharf financial district in London on May 7, 2024.Mike Kemp | In Pictures | Getty ImagesCitigroup is set to report its third-quarter earnings before the opening bell on Tuesday, as investors will get the latest updates about the progress of CEO Jane Fraser's turnaround plan.Here are the results expected by Wall Street analysts, according to LSEG.Earnings per share: $1.31Revenue: $19.84 billionFraser took over in March 2021 and has focused on slimming down the bank during her tenure. That includes reducing Citigroup's global presence and laying off workers.Investment banking and equities trading were two bright spots for the bank in its second-quarter earnings report, released in July.Shares of Citigroup were up more than 28% yea...