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South Korea in Turmoil: Parliament Moves to Impeach President YoonNov 26 (Reuters) - Workday (WDAY.O) , opens new tab forecast fourth-quarter subscription revenue below Wall Street expectations on Tuesday, hit by weaker client spending on its human capital management software. Shares of the Pleasanton, California-based company fell over 10% in extended trading. Workday is experiencing weak demand for its payroll software, as clients cut tech budgets due to high interest rates and a cooling labor market. The company is facing stiff competition from larger rivals such as Automatic Data Processing (ADP.O) , opens new tab , prompting it to introduce new artificial intelligence features to remain competitive in a crowded market. Workday's shares have dropped about 3% this year, underperforming compared to its peers such as ADP and Paycom (PAYC.N) , opens new tab . The company forecast fourth-quarter subscription revenue of $2.03 billion, compared with estimates of $2.04 billion, according to data compiled by LSEG. Workday said it expects fiscal 2025 subscription revenue to be $7.70 billion, below estimates of $7.72 billion. Total revenue for the third quarter came in at $2.16 billion, versus expectations of $2.13 billion. It reported subscription revenue of $1.96 billion for the quarter ended Oct.31, in line with analyst expectations. On an adjusted basis, the company earned $1.89 per share, compared with estimates of $1.76 per share. Separately, the company said it has appointed former UiPath and Google executive Rob Enslin to the newly created role of president and chief commercial officer. Sign up here. Reporting by Zaheer Kachwala and Kannaki Deka in Bengaluru; Editing by Mohammed Safi Shamsi Our Standards: The Thomson Reuters Trust Principles. , opens new tab
Affiliate links for the products on this page are from partners that compensate us (see our advertiser disclosure with our list of partners for more details). However, our opinions are our own. See how we rate tax products to write unbiased product reviews. If your circumstances have changed, you may end up owing taxes when you usually get a refund. Common reasons include underpaying quarterly taxes if you're self-employed or not updating your withholding as a W-2 employee. You may also owe if you collected unemployment benefits, which are taxable. Filing taxes is a task few people enjoy. But the frustration is worth it once you receive a refund . That is, unless, you owe money. While having a balance due on your tax return can be a surprise for some, it's nothing to panic over. There are multiple reasons why you may have underpaid taxes throughout the year, from shifting financial and personal circumstances to changing tax laws. But understanding why you ended up with balance due can help you avoid it in the future. Changes in income and withholding If you've transitioned into a new job in the past year, this can have tax implications. "Changing jobs midway through the year will affect your tax liability if your income changed between the two jobs," says Logan Allec, an accountant and owner of tax debt relief company Choice Tax Relief . If your new job pays more and moves you into a higher tax bracket, you'll naturally end up owing more come tax season. But Allec says that changing jobs can affect your expected refund for reasons other than the change in tax liability . "Let's say that halfway through the year, you go from a job making $25,000 per year to a job making $12,000 per year. Unless you prepare your Form W-4 in a specific way, that second job may not withhold any federal income tax from your paycheck because your $12,000 expected total annual earnings are less than your standard deduction," he explains. So while you paid your federal income taxes on the $12,500 you earned during the first half of the year, you didn't pay any on the $6,000 you made during the remainder of the year. This could cause you to owe money come tax time because you'll have to pay taxes on that $6,000 since none were withheld during the year. When calculating withholding, each employer only considers the income earned at that job. When you have multiple sources of income, however, combining those income sources may mean you may fall into a higher tax bracket than you might with a sole employer. Increasingly, many people are earning money from a side hustle in addition to their full-time jobs. These gigs don't typically withhold money for taxes like a traditional employer does, so you may need to make estimated quarterly payments to keep up with your tax liability. If you don't, you could owe at tax time. If your side hustle brought in more than $10,000 in 2023 and you received that income through an app like Venmo or PayPal, you should have received Form 1099-K from the payment platform at the beginning of tax season to fill out your 2024 tax return. For the 2024 tax year, payment processors have to issue 1099-Ks to anyone who received more than $5,000 in payments for goods and services, even if it was only one transaction. This is part of an IRS plan to phase in new reporting thresholds, which will eventually reach $600. Unemployment benefits are taxable , but most states don't automatically withhold your taxes. Benefit recipients can usually choose whether to pay taxes through withholding or by making estimated payments. If you received unemployment benefits in 2024, you should receive Form 1099-G by the end of January so you can report the amount on your federal tax return. If you haven't paid any income taxes on the benefits you received, you may owe money when you file. Withdrawals from traditional retirement accounts are typically taxable. How much you pay depends on your age and the distribution rules of the account. Many employer-sponsored retirement plans, including 401(k)s , will implement a mandatory 20% withholding on the amount distributed from the plan, plus an additional 10% penalty if it's an early withdrawal. Often the withholding amount is enough to cover taxes, but in some cases it's not, leading to additional tax owed when you file your annual return. Quick tip: Make sure you file your taxes on time, even if you're worried you can't pay the full amount you owe, as the penalty for late filing is 10 times the penalty for late payment. The IRS offers various payment plans, which may help you avoid additional interest charges and penalties. Changes in deductions and credits Congress greatly enhanced tax benefits for struggling households during the pandemic. These included several rounds of stimulus checks, an expanded Child Tax Credit providing advanced payments to families, and a $300 charitable deduction that could be claimed alongside the standard deduction. All of these benefits have since expired, which may have an impact on your tax liability if your income has stayed the same or gone up. If your income or marital status has changed since last tax season, you may no longer qualify for certain tax credits or deductions. The Earned Income Tax Credit , for example, is only available to non-parents earning between $18,591 (single filers) and $25,511 (married, joint filers) for tax year 2024, up from $17,640 to $24,210 for 2023. Be sure to review the current income limits for deductions and tax credits well ahead of tax season to avoid surprises. Life events and tax implications Combining — or dividing — financial assets can shake up your tax situation, leaving you owing money when you usually get a refund. If you get married or divorced, be sure you have chosen the correct filing status and accounted for the increase or decrease in income when updating your W-4. If you sold your home for a profit, you may qualify to exclude up to $250,000 of the gain if you're a single filer or $500,000 if you're married and filing jointly. In order to do so, you need to have owned the home and resided there for at least two of the last five years. If you don't pass the ownership and residence tests , you may have to pay taxes on the gain. If you sell investments in a non-retirement account and earn a profit, you could be on the hook for capital gains taxes . These investments include things like stocks, cryptocurrency, mutual funds, and exchange-traded funds (ETFs). Any stock or crypto gains should be reported on your tax return. You'll be taxed on the difference between your basis (usually your purchase price, but sometimes that includes an adjustment) and the proceeds from the sale. The amount you're taxed will depend on how long you owned the investment before selling it and your total income for the year. While taxpayers usually have to pay capital gains taxes on profits received from investments, Allec says there are exceptions, like if you have capital losses that equal or exceed your capital gains for the year. "If this is the case, you'll owe no capital gains taxes on your stock or crypto you sold at a gain because your capital losses will have wiped them out," he says. Other factors If you're self-employed and have no other sources of withholding, you're responsible for paying your taxes through quarterly estimated tax payments . Your estimated quarterly payments for 2024 are due on April 15, June 17, September 16, and January 15, 2025. If you underpay your quarterly taxes — or fail to pay them — you could owe money at the end of the year and the IRS could charge you additional penalties and interest. But you're not just paying income taxes. An employer must pay half of your Social Security and Medicare taxes when you have a job. If you're self-employed, you have to foot the entire bill yourself. However, you can deduct the employer-equivalent portion of that when figuring your adjusted gross income. If you're self-employed, it's a good idea to work with an accountant. A knowledgeable accountant will determine how much you owe for your quarterly tax payments and can give you tips for lowering your tax bill. If you're sure you should be getting a refund rather than having a balance due, you may have made an error in your calculations. If you're using tax software , consider upgrading to get one-on-one help from a tax professional. Oftentimes they will personally review your return to double-check for mistakes. If you identify an error — such as forgetting to report some income or failing to claim a deduction you're eligible for — in a return you've already filed, you should promptly file an amended return to correct it. FAQs on owing taxes Yes, you can negotiate your tax debt with an Offer in Compromise (OIC) , in which the IRS requests more information about your financial situation to determine whether you qualify to settle your debt for less than you owe. The IRS offers reasonable payment plans to individuals who can't afford to pay their tax bill in full, including short-term (180 days or less) and long-term options. To avoid owing taxes next year, ensure that your W-4 is updated to reflect any changes in your life, such as marriage, divorce, or the birth or adoption of children. If you have income that isn't subject to withholding, such as a side gig, you should calculate estimated taxes and make quarterly payments to the IRS, and possibly your state. Real estate/mortgages Taxes Retirement planning Small business finances Banking BudgetingOn a gloomy November day, I drove from Boston to a large corporate development in Beverly, Massachusetts. I walked down a long, narrow hallway and entered a clinical-feeling, medium-sized white room full of robot kiosks. I was there to visit SmartSKN Labs , and these robots were going to make me a hyper-personalized, fully AI-created line of skin care called K-AI. I'm always on a quest for the best, most effective products. I want powerful ingredients and effective delivery systems. I want science, and so does everyone else, per the oversaturated amount of innovation-based skin care in a $182 billion global market . Demand is off the charts. Unsurprisingly, this is where AI enters the chat. The role of AI in personalized beauty is not new. Skin care brands like Proven and hair care brands such as Prose are already using AI algorithms to help consumers optimize their routines. SmartSKN is doing something I have yet to see -- leveraging AI for production itself, on-demand -- and if it gains traction, it could revolutionize the beauty industry, while also improving our skin health and reducing our carbon footprint. At the lab in Beverly, Val Neicu, co-founder of SmartSKN Labs, shared big dreams for the robots' future. First, I wanted to see what they could do. Meet industry creators, contributors and emerging thought leaders that have paired with CNET’s award-winning editorial team to provide you with unique content from different perspectives. How it works Everything starts with the Muilli AI Dermascope . This intelligent device examines skin at a microscopic level using 60X magnification and captures high-resolution images of its surface to later analyze using artificial intelligence. Honestly, no one should suffer the ego death that is seeing their flaws so magnified, but alas, beauty is pain. With dermoscopic photography comes something called a bioimpedance measurement, which measures moisture and oil levels in the skin and plays a critical role in the overall analysis. The dermascope at SmartSKN labs that will develop my skin care products with the help of AI. Then, in the SmartSKN app, I completed a short questionnaire about my skin type, concerns and lifestyle. This helped the Smart SKN AI better understand my habits so it could effectively create my personalized skin care line. It's wide-ranging too; this system has been trained on 150,000+ diverse skin profiles worldwide -- all skin types, tones and genders -- and is growing every day. Finally, thanks to the trifecta of dermoscopic photography, bioimpedance measurement and skin health questionnaire, I had the results of my skin analysis. It measured sensitivity, pigmentation, wrinkles, redness, pore size, oil levels and dryness. The line is composed of an essence/serum, an ampoule and a lotion. When finalizing each product at the robot kiosk, I had the choice of adding additional ingredients that might amplify benefits such as brightening or firming. Then the robot, which sort of looks like a bionic arm, got to work. It chose the bottle, mixed and poured my unique formula into the bottle and then screwed on the top. All this takes about five minutes. Then the robot dropped my unique product into a receptacle for me to pick up, as if I'd just won a toy from a claw machine. The robot also printed my labels, which feature a QR code with my unique profile, as well as instructions to go inside the packaging. Skin assessment results in the SmartSKN app. Where the robots come from and where they're going The AI robots, of which SmartSKN has exclusive rights, are Korean-made and use potent ingredients popular in Korean skin care brands for each personalized formula. For those unaware, the K-Beauty industry was valued at 91.9 billion in 2022 , with an anticipated compound annual growth rate of 9.3% between 2023–2030. Korean skin care's reputation for using effective, high-quality ingredients is legendary. You can explore SmartSKN's Rolodex of ingredients here . The SmartSKN team is extremely mindful of its formulas, Neicu is clear about its place in the industry. "We're not a skin care company, we're a technology company," she said. The robots can make other products, too. While they haven't yet dipped a toe into hair care, it's not off the table. Neicu explained to me that SmartSKN's current offering is to "show people what we can do." In the next phase, they want to license the technology so that companies can use the Muilli analysis feature and AI component for their own ingredients. "Just like we've developed a catalog of 150 ingredients sitting in this machine to create our skin care lines, [other brands] could use their own proprietary ingredients," she said. "They could take their line to the next level if they had their own adaptive bases, and would be able to formulate based on specific skin types." Neicu believes that skin care brands would have less drop-off and improved loyalty if they could better customize each formula. "A product might be great, but not great for me. The actives might work, but the base might be too oily or too drying. The base is 90% of the experience of a product." She spoke passionately, and as I listened I couldn't help but see potential not only for smarter skin care, but also solutions for a more sustainable future. "We don't need more products. We need better products" Don't get me wrong: I love buying skin care. I collect serums like kids collect Funko Pop Toys. But I also recognize that superfluous collecting of products -- the culture of the product junkie, as it were -- isn't great for our skin or the planet. Think of the last time you walked into a beauty retailer, surrounded by walls and walls of products. What happens to the product that doesn't get purchased? Next, consider what a brand needs to do to keep up with the market: Make more products, not necessarily because there's a hole in the market, but to survive. Newness is one hell of a drug. Neicu sees a more sustainable future. "Imagine you walk into a [beauty retailer] and there are no more shelves. Each company has a robot. There's no waste, they streamline their inventory, there's better management of the manufacturing process and they'd be able to service people better." This also got me thinking about my own time and money. With each new product, I have a wait-and-see period. Will this work for me? Sometimes I break out, sometimes I don't. If it doesn't work, have I wasted my money (again)? What do I do if I can't return it? When I say the quiet part out loud, it sounds borderline silly to me that in 2024, we're just assuming a product might work for our incredibly unique skin type. We can customize our coffee and our cars, but when it comes to our skin health, we'll just... keep guessing. Products are formulated on-demand from your skin assessment in an effort to reduce waste. "We're throwing money at a product because, what? The bottles look pretty?" Neicu said. "Because an influencer told me to buy it? Because this company dropped a new product? It needs to be better." She also points out the possibility of a sensitive skin epidemic. "Obviously we know there are way more products on the market than 20 years ago. What's directly proportional to the rise in products is people's skin health. Seventy percent of Americans report they have skin sensitivity." Neicu believes she gave herself acne and sensitive issues by using too many different products over the years. "People are chasing products, especially with the madness of social media influencers. There is a gross lack of education, especially for the younger generation. Plus, it seems every celebrity has a skin care line. We don't need more products. We need better products." SmartSKN wants to simplify skin care for everyone. Personally, I want a routine that takes, at minimum, 5-10 minutes to complete. (That's "me time," OK?) Smart SKN streamlines the skin care experience for those who don't want a 6-12-step nighttime routine. Neicu said their consumer runs the gamut, but highlighted that men, in particular, are drawn to both the innovation of the AI-produced regimen and its simplicity. A guided interface lets you have say in product weight and other qualities. Visit the lab or try it at home SmartSKN is pretty new, which means they're still figuring out how to get their technology in front of people. Currently, the only way to experience the robots in person is to make the drive to Beverly. The company is working on setting up pop-ups in major cities. "People need to see how this is done," Neicu said. Your other option is to purchase the Muilli AI dermascope and download the SmartSKN app. It's not cheap, but a perk of owning a Muilli is that it tracks changes in your skin over time, accommodating things like seasonal shifts and lifestyle changes. With each scan, your personalized skin care line adapts to your current skin status. Robots know best Since using my personalized skin care, what I've noticed most is that my skin feels perfectly balanced, whereas before it felt a bit oily on some days and dry on others. It's worth noting that I use gentle, hydrating cleansers; exfoliate regularly with chemical and physical exfoliators; use Vitamin C daily and often finish my nighttime routine with a lightweight oil to lock in moisture. I was doing all that before my trip to SmartSKN labs. Today, my skin looks and feels healthy, clear and hydrated, and I think I have some robots to thank for that. Opinions expressed by CNET Voices contributors are their own.Pitt quarterback Eli Holstein leaves game with left leg injury against Louisville
Atlanta, Dec. 04, 2024 (GLOBE NEWSWIRE) -- Acuity Brands to Announce Fiscal 2025 First-Quarter Results on January 9, 2025 Atlanta, December 3, 2024 (GLOBE NEWSWIRE) -- Acuity Brands, Inc. (NYSE: AYI) (the "Company”) today announced that it is planning to release its fiscal 2025 first-quarter results on Thursday, January 9, 2025 at 6:00 a.m. (EST), followed by a conference call at 8:00 a.m. (EST). Neil Ashe, Chairman, President, and Chief Executive Officer of Acuity Brands will lead the call. The webcast, earnings release, and supplemental presentation can be accessed via the Investor Relations section of the Company's website at www.investors.acuitybrands.com on Thursday, January 9, 2025. The online replay will remain available for a limited time following the call. A replay of the call will also be posted to the Investor Relations site two hours after the completion of the conference call and will be archived on the website. To learn more about Acuity Brands, please visit the Company's website . About Acuity Brands Acuity Brands, Inc. (NYSE: AYI) is a market-leading industrial technology company. We use technology to solve problems in spaces, light, and more things to come. Through our two business segments, Acuity Brands Lighting and Lighting Controls (ABL) and the Intelligent Spaces Group (ISG), we design, manufacture, and bring to market products and services that make a valuable difference in people's lives. We achieve growth through the development of innovative new products and services, including lighting, lighting controls, building management solutions, and location-aware applications. We achieve customer-focused efficiencies that allow us to increase market share and deliver superior returns. We look to aggressively deploy capital to grow the business and to enter attractive new verticals. Acuity Brands, Inc. is based in Atlanta, Georgia, with operations across North America, Europe, and Asia. The Company is powered by more than 12,000 dedicated and talented associates. Visit us at www.acuitybrands.com # # # # # Investor Contact: Charlotte McLaughlin Vice President, Investor Relations (404) 853-1456 [email protected] Media Contact: April Appling Vice President, Corporate Communications & Events [email protected]
The move could usher in an end to a protracted political crisis in the European Union country following the annulment of a presidential election by a top court. Parliament approved the new administration in a 240-143 vote in Romania’s 466-seat legislature. The new coalition is made up of the leftist Social Democratic Party (PSD) the centre-right National Liberal Party (PNL), the small ethnic Hungarian UDMR party and national minorities. It caps a month-long period of turmoil in which far-right nationalists made significant gains in a parliamentary election on December 1 a week after a first-round presidential race saw the far-right outsider Calin Georgescu emerge as the front-runner. “It will not be an easy mandate for the future government,” Mr Ciolacu, whose PSD party topped the polls in the parliamentary election, said in a statement. “We are aware that we are in the midst of a deep political crisis,” he said. “It is also a crisis of trust, and this coalition aims to regain the trust of citizens, the trust of the people.” Romania’s 16 ministerial positions will be shared among the parties, which will hold a slim majority in the legislature. It is widely seen as a tactical partnership to shut out far-right nationalists whose voices found fertile ground amid high living costs and a sluggish economy. Mr Ciolacu, who came third in the first-round presidential ballot despite polls indicating he would win the most votes, has served as prime minister since June 2023. After parliament’s approval, President Klaus Iohannis swore in the new government and warned the new Cabinet that it is entering a “difficult new period” in which “for many Romanians, there are major concerns”. Romania was plunged into turmoil after Mr Georgescu’s surprise success in the presidential race, after allegations of electoral violations and Russian interference emerged. Days before the December 8 run-off, the Constitutional Court made the unprecedented move to annul the presidential race. “We go through complicated times, but I think we all learned from mistakes of the past,” Mr Ciolacu said. “I hope that together with my colleagues in the coalition, we’ll find the best solutions to get past the challenges we have in front of us.” Mr Ciolacu said that the new government would aim to quickly organise the rerun of the presidential election in which the new coalition has agreed to put forward an agreed common pro-European candidate. Cristian Andrei, a political consultant based in Bucharest, said that the new government made up of the same political parties will likely embrace “soft populist” rhetoric such as economic patriotism, anti-austerity, and a peace solution in neighbouring Ukraine to counter the rise of far-right populism. “This will be a way to answer the concerns of many Romanians who voted for populists... but will not solve the fundamental problem of trust,” he said. “The only decisive factor now will be who and how convincing the pro-European candidates will be against this popular revolt.” George Simion, the leader of the far-right Alliance for the Unity of Romanians, which came second in the parliamentary election, said that all politicians from his party on Monday would vote against the Ciolacu government. In 2021, the PSD and the PNL also formed an unlikely but increasingly strained coalition together with UDMR, which exited the Cabinet last year after a power-sharing dispute.
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