Card №11
Task 1. Give the main idea of the text.
Dick’s Sporting Goods (DKS) – The sporting goods retailer’s shares slid 14.4% in the premarket after it issued a weaker-than-expected outlook for the full year as it adjusts for what it calls challenging macroeconomic conditions. Dick’s reported better-than-expected profit and revenue for its latest quarter, and comparable-store sales that fell less than expected.
Express (EXPR) – The apparel retailer’s shares jumped 11.8% in premarket trading after reporting quarterly results that were better than expected. Express lost an adjusted 10 cents per share, narrower than the 15-cent loss anticipated by analysts, and revenue topped forecasts as well. Express also raised its full-year outlook for comparable-store sales.
Dell Technologies (DELL) – Dell added 1% in premarket trading after Evercore added the information technology company to its “Tactical Outperform” list. Evercore believes IT demand trends remain strong enough to lead to an earnings beat and a raised outlook when Dell reports quarterly earnings Thursday.
Lyft (LYFT) – Lyft plans to cut budgets and slow hiring, moves similar to those recently announced by ride-sharing rival Uber Technologies (UBER). Lyft shares are down more than 60% this year, including a more than 17% tumble Tuesday.
Nordstrom (JWN) – Nordstrom rose 5.3% in the premarket after the retailer raised its annual sales and profit forecast, a contrast to other big box retailers. Nordstrom posted a slightly wider-than-expected loss for the first quarter, while sales at the flagship Nordstrom brand stores surged 23.5% to exceed pre-pandemic levels.
https://www.cnbc.com/2022/05/25/html
Task 2. Describe the following graph.
Task 3. Speak on the topic: International Financial Institutions.
Card №12
Task 1. Give the main idea of the text.
Some investors may be grappling with the sting of higher-than-expected capital gains for 2021 and losses in 2022. But experts say tax-planning opportunities may soften the blow.
Individuals paid significantly more taxes this season, and the surge in capital gains in 2021 may be to blame, according to an analysis from the Penn Wharton Budget Model. Adjusted for inflation, filers paid more than $500 billion in April 2022, compared to north of $300 billion in the years before the pandemic, based on data from the U.S. Department of the Treasury, the report shows. Payments dipped below $250 billion in May 2021.
What’s more, investors with mutual funds in taxable accounts may have seen larger-than-expected year-end distributions. The Wharton analysis also highlights higher volumes of trading over the past few years, which may have contributed to higher capital gains in 2021.
“Last year’s tax gains were brutal,” said certified financial planner Karl Frank, president of A&I Financial Services in Englewood, Colorado. “When you pair that with this year’s losses, investors have a double whammy.”
One option to consider is selling losing assets to offset future gains, known as tax-loss harvesting. If losses exceed gains for the year, you can use up to $3,000 to reduce regular income taxes.
https://www.cnbc.com/2022/05/25/capital-gains-may-have-triggered-more-individual-taxes-for-2021.html
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