Mon, Jul 1, 2024 2:21 PM
Tredence elevates Rekha Nair to chief human resources officer
A Flip by Shubhangi Gupta
Given unique financial landscape for doctors, focus on 2 areas: đź“ŚLeveraging tax benefits like Section 44AD can reduce tax liabilities. Ensuring adequate insurance coverage is followed by strategies to consolidate or prepay debt. đź“ŚCreating retirement corpus through equity funds is vital. While doctors may initially be hesitant these funds have proven to be robust wealth creators.
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Nike's shares plummeted 30% YTD after forecasting a surprise sales decline for fiscal 2025. The company reported a 2% year-over-year sales decline to $12.6 billion in its fiscal 2024 fourth quarter, with gross margin expanding 110 basis points to 44.7%. However, guidance for fiscal 2025 expects sales to decline by mid-single digits, leading to a 10% Y/Y revenue decline in the first quarter.
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European shares rose 0.3% on Wednesday, driven by dovish comments from Federal Reserve Chair Jerome Powell, with the STOXX 600 index gaining for a second time in seven sessions. The S&P 500 closed above 5,500, while French and UK stocks climbed 0.4% ahead of key elections. Volkswagen shares edged up 0.4% after Rivian denied a partnership report, while Bpost plummeted 10.2%.
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