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NoneReaction to Beyoncé Netflix performance forced her to think about divorce?NEW YORK , Nov. 26, 2024 /PRNewswire/ -- Report on how AI is driving market transformation - The global styrene butadiene (SB) latex market size is estimated to grow by USD 1.50 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 3.68% during the forecast period. Growing demand for sb latex from APAC and Europe is driving market growth, with a trend towards rising preference for bio-based latexes. However, fluctuations in crude oil prices poses a challenge.Key market players include Asahi Kasei Corp., BASF SE, Dow Chemical Co., EcoSynthetix Inc., Fosroc International Ltd., General Industrial Polymers, Hansol Holdings, JSR Corp., Jubilant Industries Ltd., Kumho Petrochemical Co. Ltd., Lanxess AG, LG Chem Ltd., Mallard Creek Polymers, MCTRON Inc., NANTEX INDUSTRY Co. Ltd., Rishiroop Polymers Pvt. Ltd., RPM International Inc., S.R. Chemical, Synthomer Plc, and Trinseo PLC. Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF Styrene Butadiene (SB) Latex Market Scope Report Coverage Details Base year 2023 Historic period 2018 - 2022 Forecast period 2024-2028 Growth momentum & CAGR Accelerate at a CAGR of 3.68% Market growth 2024-2028 USD 1.50 billion Market structure Fragmented YoY growth 2022-2023 (%) 2.93 Regional analysis APAC, Europe, North America, Middle East and Africa, and South America Performing market contribution APAC at 52% Key countries US, China, Japan, South Korea, and Germany Key companies profiled Asahi Kasei Corp., BASF SE, Dow Chemical Co., EcoSynthetix Inc., Fosroc International Ltd., General Industrial Polymers, Hansol Holdings, JSR Corp., Jubilant Industries Ltd., Kumho Petrochemical Co. Ltd., Lanxess AG, LG Chem Ltd., Mallard Creek Polymers, MCTRON Inc., NANTEX INDUSTRY Co. Ltd., Rishiroop Polymers Pvt. Ltd., RPM International Inc., S.R. Chemical, Synthomer Plc, and Trinseo PLC Market Driver The Styrene Butadiene (SB) latex market is experiencing significant growth in various industries. In the paper processing segment, SB latex is used as binders for coated paper and adhesion applications. In construction, it serves as a mortar additive, enhancing compressive and tensile strength. In the automotive industry, SB latex is used for lightweight automotive materials and sealants, providing durability, resilience, and water resistance. The adhesives industry benefits from SB latex in pressure-sensitive and bonding adhesives, while the coatings segment uses it for water-based coatings, film-forming properties, and print quality. The furniture industry and e-commerce sector also utilize SB latex for upholstery and packaging materials. In the renewable energy sector, SB latex is used in green building materials and as a feedstock for producing acrylic, vinyl, and polyurethane. The paper industry uses SB latex for impregnation, while the carpet industry employs it for tufted carpets and back coating. SB latex's stability, abrasion resistance, and adhesion properties make it an essential ingredient in various industries. Butadiene and styrene are the primary monomers used in the polymerization reaction to produce styrene butadiene copolymers. The emulsifier plays a crucial role in the production process. SB latex alternatives are being explored in the market, but its unique properties make it a preferred choice for numerous applications. Architects and developers in residential complexes and commercial spaces continue to rely on SB latex-based products for their sustainability, durability, and environmental friendliness. The demand for bio-based latexes, such as starch-derived latex, is increasing due to growing concerns about synthetic latex materials in various industries. In particular, the paper industry, which is the largest end-user of Styrene Butadiene (SB) latex, is looking for alternatives to petroleum-derived latex due to price fluctuations of styrene and butadiene. Latex manufacturers are replacing synthetic latex binders with bio-based latex in applications like coatings for paperboard, catalogs, and packaging board. EcoSynthetix Inc. Is a leading producer of EcoSphere bio-based latex binders. Bio-based latex not only offers sustainability benefits by consuming less energy but also aligns with the industry's shift towards eco-friendly alternatives. Request Sample of our comprehensive report now to stay ahead in the AI-driven market evolution! Market Challenges The Styrene Butadiene (SB) Latex market faces several challenges in various industries. In paper processing, ensuring print quality and water resistance are key concerns. In the mortar additives segment, stability and bonding adhesion are important for construction projects. For adhesives and coatings, durability, resilience, and adhesion are crucial factors. Sealants require water resistance, abrasion resistance, and flexibility. In the automotive industry, lightweight materials and sustainability are driving demand for SB latex in e-commerce packaging and green building materials. In the renewable energy sector, SB latex is used in water-based coatings for wind turbines and solar panels. Competition comes from alternatives like acrylic, vinyl, and polyurethane. Architects and developers in the residential and commercial spaces rely on SB latex-based products for their durability and versatility. The paper industry uses SB latex as a binder in coated paper production. The carpet industry employs it in tufted carpets for back coating and stability. In fiber processing, SB latex is used as an impregnant for fibers. Butadiene and styrene are the primary monomers for SB latex production. The polymerization reaction requires refrigeration equipment and an emulsifier. Carboxylic acid is used as a catalyst. In the adhesives industry, SB latex is used for pressure-sensitive and bonding adhesives. In the construction industry, it is used as a mortar additive. Non-woven fabrics use SB latex as a coating for improved properties. In the textile industry, SB latex is used for fiber processing and glass fiber processing. In the furniture industry, it is used for upholstery applications. In the automotive industry, it is used for seat covers and interior coatings. Overall, the SB latex market faces challenges in maintaining stability, preventing fraying, and ensuring compatibility with various substrates. However, its versatility and performance make it a preferred choice for numerous industries. The global Styrene Butadiene (SB) latex market experiences significant volatility due to fluctuations in crude oil prices. As key raw materials, styrene and butadiene, are derived from petroleum products, their prices are directly impacted by crude oil prices. For instance, the average price of ethylene, a related petrochemical, rose from around USD697 per metric ton in 2020 to USD1,014 per metric ton in July 2021 , a 45% increase. This significant increase in raw material costs poses a major concern for SB latex manufacturers, as it increases production costs. Discover how AI is revolutionizing market trends- Get your access now! Segment Overview This styrene butadiene (sb) latex market report extensively covers market segmentation by Type 1.1 Low 1.2 Medium 1.3 High Application 2.1 Paper processing 2.2 Fiber and carpet processing 2.3 Glass fiber adhesives 2.4 Adhesives 2.5 Others Geography 3.1 APAC 3.2 Europe 3.3 North America 3.4 Middle East and Africa 3.5 South America 1.1 Low- Styrene Butadiene (SB) latex is a hydrocarbon compound used extensively in various industries for adhesive and coating applications. SB latex with low butadiene content is gaining popularity due to its environmental benefits. It helps reduce volatile organic compound (VOC) emissions, contributing to a smaller carbon footprint. In certain applications, this type of SB latex offers enhanced mechanical properties, such as improved tensile strength and abrasion resistance, making it suitable for industries where durability is crucial. The increasing demand for eco-friendly and high-performing products is driving the growth of the global SB latex market. Specifically, low butadiene SB latex is preferred due to its superior chemical and UV resistance, resulting in more durable coatings and adhesives. This trend is expected to continue during the forecast period. Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics Research Analysis The Styrene Butadiene (SB) Latex market refers to the global trade of styrene butadiene latex, a type of elastomeric dispersion. This market encompasses various applications, including paper processing, mortar additives, adhesives, coatings, sealants, and paper coatings. SB latex is produced through the polymerization reaction of butadiene and styrene monomers, with the assistance of emulsifiers. In the paper processing segment, SB latex is used for coating and sizing paper. In the mortar additives segment, it enhances the plasticity and workability of mortar. In the adhesives industry, it is used in the production of pressure-sensitive adhesives. In the coatings segment, SB latex is utilized in paints and coatings to improve their elasticity and durability. The carpet industry also uses SB latex as a binder in the production of carpet backing. In the sealants segment, it is used to produce high-performance sealants with excellent adhesion and flexibility. The sealants find applications in construction, automotive, and other industries. SB latex is also used in the impregnation of fiber materials, such as glass fiber processing, to improve their strength and durability. The feedstock for SB latex production includes butadiene and styrene, which are obtained from refineries and petrochemical plants. The production process requires refrigeration equipment to maintain the temperature during the polymerization reaction. Market Research Overview Styrene Butadiene (SB) Latex is a versatile elastomeric material derived from the polymerization of Styrene and Butadiene monomers. It is widely used in various industries due to its excellent properties such as print quality, water resistance, film-forming properties, and adhesion. In the paper processing segment, SB Latex is used as binders for coated paper and impregnation for improving stability and reducing fraying. In the construction industry, it is used as mortar additives for enhancing bonding adhesion, compressive strength, and tensile strength. SB Latex finds extensive applications in adhesives, coatings, sealants, paper coatings, and packaging materials. It is used in the automotive industry for producing lightweight automotive materials and in the renewable energy sector for manufacturing eco-friendly and sustainable latex-based products. The textile, furniture, and e-commerce industries also use SB Latex for producing durable and resilient products. SB Latex is produced through a polymerization reaction involving Styrene, Butadiene, and an emulsifier. The resulting Styrene Butadiene copolymers exhibit excellent properties such as water resistance, abrasion resistance, and adhesion. SB Latex alternatives are also available in the market, offering similar benefits but with different chemical compositions. In the paper industry, SB Latex is used for producing high-quality coated paper, while in the carpet industry, it is used for back coating tufted carpets to improve their stability and durability. The adhesives industry uses SB Latex for producing pressure-sensitive adhesives and bonding adhesives. In the fiber processing industry, SB Latex is used for glass fiber processing and in the production of non-woven fabrics. SB Latex is also used in the production of acrylic, vinyl, and polyurethane coatings, offering improved properties such as print quality, water resistance, and durability. In the automotive industry, SB Latex is used for manufacturing lightweight automotive materials, while in the construction industry, it is used for producing green building materials. The properties of SB Latex make it an ideal choice for various applications, including residential complexes, commercial spaces, and architectural projects. Architects and developers use SB Latex-based products for their excellent bonding properties, durability, and resistance to environmental factors. The production of SB Latex involves the use of refrigeration equipment to maintain the temperature during the polymerization reaction. The resulting latex is a viscoelastic material with plasticity, making it easy to handle and apply. The monomers used in the production of SB Latex include Styrene, Butadiene, and carboxylic acid. The polymerization reaction results in the formation of Styrene Butadiene copolymers, which exhibit excellent properties such as adhesion, abrasion resistance, and water resistance. In summary, Styrene Butadiene Latex is a versatile material with a wide range of applications in various industries, including paper processing, construction, automotive, textile, furniture, e-commerce, renewable energy, and adhesives. Its excellent properties, such as print quality, water resistance, film-forming properties, and adhesion, make it an ideal choice for various applications. The production of SB Latex involves the use of refrigeration equipment and the polymerization reaction of Styrene, Butadiene, and carboxylic acid to form Styrene Butadiene copolymers. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation Type Low Medium High Application Paper Processing Fiber And Carpet Processing Glass Fiber Adhesives Adhesives Others Geography APAC Europe North America Middle East And Africa South America 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/ View original content to download multimedia: https://www.prnewswire.com/news-releases/styrene-butadiene-sb-latex-market-to-grow-by-usd-1-50-billion-2024-2028-demand-from-apac-and-europe-boosts-growth-ai-impact-on-market-trends---technavio-302316090.html SOURCE Technavio © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Green Critical Minerals restarting research into producing single-crystal mullite fibre using topaz High-end, non-oxide mullite fibres could sell for about US$11,000/kg into the growing metal matrix composites market Opportunity made possible by acquisition of VHD Blocks technology and appointment of Professor Andrew Ruy Special Report: Green Critical Minerals is advancing its mine to market strategy after deciding to review its previous research into the production of single-crystal mullite fibre using topaz sourced from its Torrington project in NSW. Between 2019 and 2020 the company conducted research into the production of topaz single-crystal mullite fibres, highly sought after for their high-temperature stability, low thermal expansion, and excellent mechanical strength for use in reinforcing metal and ceramic matrix composites. This demonstrated the potential of mullite fibres in mining for high durability impact and wear pads, advanced brake pads and catalytic converters in the automotive sector, body, vehicle and aircraft armour in the military, and high temperature filtration systems for the chemical industry. Research also highlighted the potential to use all of the fluorine by-product to develop a high-value niche product (fibres) and a large-volume, low-value product (fluoride used widely in water fluoridation). However, further development was paused at that time due to resource constraints and the impact of the COVID 19 pandemic. Torrington currently has an indicated and inferred resource of 4965t tungsten at a contained grade of 0.23% and 198,500t of topaz at a grade of 17% in the Wild Kate and Mount Everard prospects. Mullite fibres. Pic: Green Critical Minerals Back on board Green Critical Minerals (ASX:GCM) now has the opportunity to dust off its previous research into advanced material technologies thanks to the recent acquisition of VHD Block technology and appointment of Professor Andrew Ruy – a globally renowned expert in oxide and non-oxide ceramics – as its head of research and development. This new capability allows the company to review its previous research with an intention to define a pathway to commercialisation for its mullite fibre technology. Efforts will be made to grow mullite whiskers into coarser fibres, potentially enhancing the reinforcement properties, as well as potentially studying factors like aluminium alloy types, mixing techniques, porosity, pore size distribution, calcining temperature, and infiltration parameters. Success could lead to the development of a potentially disruptive beneficiation technology that will transform low-value topaz feedstock into high value single-crystal mullite fibres for use in metal matrix composites (MMCs) and ceramic matrix composites (CMCs). This has the potential to be hugely lucrative as the high-end, non-oxide ceramic fibre can sell for about US$11,000/kg into the MMC market which has been experiencing steady growth, driven by increasing demand across various industries such as automotive, aerospace, and defence. In 2023, the market was valued at ~US$810m and is projected to reach over US$2.2bn by 2032, a compound annual growth rate of ~12.4%. GCM adds that as single-crystal mullite fibres have long been considered the holy grail of fibre reinforcements, but they are not available commercially, there are literally hundreds, if not thousands, of industrial and research laboratories that are potential customers. Work program The company will now develop a work program that considers the recommendations from previous research such as: Optimisation of fibre production by refining parameters such as porosity control, calcining temperatures, and infiltration techniques to achieve consistent and scalable production Exploration of metal and ceramic matrix composites to validate mullite fibre performance under real-world conditions Developing a pilot production facility to bridge the gap between laboratory-scale research and commercial-scale manufacturing Engaging with key industry players to identify priority applications and secure partnerships for product development and adoption; and Environmental impact studies to ensure sustainable practices in the extraction of topaz and production of mullite fibre, aligning with GCM’s environmental and social governance objective. This article was developed in collaboration with Green Critical Minerals, a Stockhead advertiser at the time of publishing. This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions. Originally published as GCM dusts off potentially lucrative research into topaz single-crystal mullite fibres Stockhead Don't miss out on the headlines from Stockhead. Followed categories will be added to My News. More related stories Stockhead Airtasker reaches media capital milestone Airtasker raises $51.6 million of media capital in 2024 for AU, US and UK operations, with two new deals to promote brand growth in the US and UK target markets. Read more Stockhead HeraMED and Metronomic team up for US postpartum care HeraMED has signed a letter of intent with Metronomic to create an integrated postpartum care solution for the US market. Read moreSezzle (NASDAQ:SEZL) Shares Up 5.3% – Still a Buy?Trump asks Supreme Court to delay TikTok ban so he can weigh in after he takes office
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WEST PALM BEACH, Fla. — An online spat between factions of Donald Trump's supporters over immigration and the tech industry has thrown internal divisions in his political movement into public display, previewing the fissures and contradictory views his coalition could bring to the White House. The rift laid bare the tensions between the newest flank of Trump's movement — wealthy members of the tech world including billionaire Elon Musk and fellow entrepreneur Vivek Ramaswamy and their call for more highly skilled workers in their industry — and people in Trump's Make America Great Again base who championed his hardline immigration policies. The debate touched off this week when Laura Loomer , a right-wing provocateur with a history of racist and conspiratorial comments, criticized Trump’s selection of Sriram Krishnan as an adviser on artificial intelligence policy in his coming administration. Krishnan favors the ability to bring more skilled immigrants into the U.S. Loomer declared the stance to be “not America First policy” and said the tech executives who have aligned themselves with Trump were doing so to enrich themselves. Much of the debate played out on the social media network X, which Musk owns. Loomer's comments sparked a back-and-forth with venture capitalist and former PayPal executive David Sacks , whom Trump has tapped to be the “White House A.I. & Crypto Czar." Musk and Ramaswamy, whom Trump has tasked with finding ways to cut the federal government , weighed in, defending the tech industry's need to bring in foreign workers. It bloomed into a larger debate with more figures from the hard-right weighing in about the need to hire U.S. workers, whether values in American culture can produce the best engineers, free speech on the internet, the newfound influence tech figures have in Trump's world and what his political movement stands for. Trump has not yet weighed in on the rift. His presidential transition team did not respond to questions about positions on visas for highly skilled workers or the debate between his supporters online. Instead, his team instead sent a link to a post on X by longtime adviser and immigration hard-liner Stephen Miller that was a transcript of a speech Trump gave in 2020 at Mount Rushmore in which he praised figures and moments from American history. Musk, the world's richest man who has grown remarkably close to the president-elect , was a central figure in the debate, not only for his stature in Trump's movement but his stance on the tech industry's hiring of foreign workers. Technology companies say H-1B visas for skilled workers, used by software engineers and others in the tech industry, are critical for hard-to-fill positions. But critics have said they undercut U.S. citizens who could take those jobs. Some on the right have called for the program to be eliminated, not expanded. Born in South Africa, Musk was once on an a H-1B visa himself and defended the industry's need to bring in foreign workers. “There is a permanent shortage of excellent engineering talent," he said in a post. “It is the fundamental limiting factor in Silicon Valley.” Trump's own positions over the years have reflected the divide in his movement. His tough immigration policies, including his pledge for a mass deportation, were central to his winning presidential campaign. He has focused on immigrants who come into the U.S. illegally but he has also sought curbs on legal immigration , including family-based visas. As a presidential candidate in 2016, Trump called the H-1B visa program “very bad” and “unfair” for U.S. workers. After he became president, Trump in 2017 issued a “Buy American and Hire American” executive order , which directed Cabinet members to suggest changes to ensure H-1B visas were awarded to the highest-paid or most-skilled applicants to protect American workers. Trump's businesses, however, have hired foreign workers, including waiters and cooks at his Mar-a-Lago club , and his social media company behind his Truth Social app has used the the H-1B program for highly skilled workers. During his 2024 campaign for president, as he made immigration his signature issue, Trump said immigrants in the country illegally are “poisoning the blood of our country" and promised to carry out the largest deportation operation in U.S. history. But in a sharp departure from his usual alarmist message around immigration generally, Trump told a podcast this year that he wants to give automatic green cards to foreign students who graduate from U.S. colleges. “I think you should get automatically, as part of your diploma, a green card to be able to stay in this country," he told the “All-In" podcast with people from the venture capital and technology world. Those comments came on the cusp of Trump's budding alliance with tech industry figures, but he did not make the idea a regular part of his campaign message or detail any plans to pursue such changes.
The U.S. Navy is transforming a costly flub into a potent weapon with the first shipborne hypersonic weapon, which is being retrofitted aboard the first of its three stealthy destroyers. The USS Zumwalt is at a Mississippi shipyard where workers have installed missile tubes that replace twin turrets from a gun system that was never activated because it was too expensive. Once the system is complete, the Zumwalt will provide a platform for conducting fast, precision strikes from greater distances, adding to the usefulness of the warship. The USS Zumwalt is seen at the Huntington Ingalls shipyard Nov. 21 in Pascagoula, Miss. Gerald Herbert, Associated Press “It was a costly blunder. But the Navy could take victory from the jaws of defeat here, and get some utility out of them by making them into a hypersonic platform,” said Bryan Clark, a defense analyst at the Hudson Institute. The U.S. has had several types of hypersonic weapons in development for the past two decades, but recent tests by both Russia and China have added pressure to the U.S. military to hasten their production. People are also reading... Hypersonic weapons travel beyond Mach 5, five times the speed of sound, with added maneuverability making them harder to shoot down. Last year, The Washington Post reported that among the documents leaked by former Massachusetts Air National Guard member Jack Teixeira was a defense department briefing that confirmed China had recently tested an intermediate-range hypersonic weapon called the DF-27. While the Pentagon previously acknowledged the weapon's development, it had not recognized its testing. One of the U.S. programs in development and planned for the Zumwalt is the “Conventional Prompt Strike." It would launch like a ballistic missile and then release a hypersonic glide vehicle that would travel at speeds seven to eight times faster than the speed of sound before hitting the target. The weapon system is being developed jointly by the Navy and Army. Each of the Zumwalt-class destroyers would be equipped with four missile tubes, each with three of the missiles for a total of 12 hypersonic weapons per ship. In choosing the Zumwalt, the Navy is attempting to add to the usefulness of a $7.5 billion warship that is considered by critics to be an expensive mistake despite serving as a test platform for multiple innovations. The USS Zumwalt is seen at the Huntington Ingalls shipyard Nov. 21 in Pascagoula, Miss. Gerald Herbert, Associated Press The Zumwalt was envisioned as providing land-attack capability with an Advanced Gun System with rocket-assisted projectiles to open the way for Marines to charge ashore. But the system featuring 155 mm guns hidden in stealthy turrets was canceled because each of the rocket-assisted projectiles cost between $800,000 and $1 million. Listen now and subscribe: Apple Podcasts | Spotify | RSS Feed | SoundStack | All Of Our Podcasts Despite the stain on its reputation, the three Zumwalt-class destroyers remain the Navy’s most advanced surface warship in terms of new technologies. Those innovations include electric propulsion, an angular shape to minimize radar signature, an unconventional wave-piercing hull, automated fire and damage control and a composite deckhouse that hides radar and other sensors. The Zumwalt arrived at the Huntington Ingalls Industries shipyard in Pascagoula, Mississippi, in August 2023 and was removed from the water for the complex work of integrating the new weapon system. It is due to be undocked this week in preparation for the next round of tests and its return to the fleet, shipyard spokeswoman Kimberly Aguillard said. A U.S. hypersonic weapon was successfully tested over the summer and development of the missiles is continuing. The Navy wants to begin testing the system aboard the Zumwalt in 2027 or 2028, according to the Navy. The U.S. weapon system will come at a steep price. It would cost nearly $18 billion to buy 300 of the weapons and maintain them over 20 years, according to the Congressional Budget Office. Critics say there is too little bang for the buck. “This particular missile costs more than a dozen tanks. All it gets you is a precise non-nuclear explosion, some place far far away. Is it really worth the money? The answer is most of the time the missile costs much more than any target you can destroy with it,” said Loren Thompson, a longtime military analyst in Washington, D.C. US Navy intercepts Houthi missiles aimed at American ships in Gulf of Aden But they provide the capability for Navy vessels to strike an enemy from a distance of thousands of kilometers — outside the range of most enemy weapons — and there is no effective defense against them, said retired Navy Rear Adm. Ray Spicer, CEO of the U.S. Naval Institute, an independent forum focusing on national security issues, and former commander of an aircraft carrier strike force. Conventional missiles that cost less aren’t much of a bargain if they are unable to reach their targets, Spicer said, adding the U.S. military really has no choice but to pursue them. “The adversary has them. We never want to be outdone,” he said. The U.S. is accelerating development because hypersonics have been identified as vital to U.S. national security with “survivable and lethal capabilities,” said James Weber, principal director for hypersonics in the Office of the Assistant Secretary of Defense for Critical Technologies. “Fielding new capabilities that are based on hypersonic technologies is a priority for the defense department to sustain and strengthen our integrated deterrence, and to build enduring advantages,” he said. Rising Costs Hit Military Families Hard: Here’s How You Can Help Rising Costs Hit Military Families Hard: Here’s How You Can Help Image Credit: Jacob Lund / ShutterstockThe financial challenges facing U.S. military households are a significant concern throughout the year. Holidays such as Memorial Day, Armed Forces Day, or Veterans Day highlight the ongoing struggles that service members face, particularly amid rising costs for everyday essentials. Recent data from the U.S. Census Bureau’s Household Pulse Survey shows a troubling trend: Military personnel and their families are finding it more difficult to cover basic household expenses such as food, housing, and transportation than the average American.Our analysis examines how service members are faring in today’s economy compared to civilian households, highlighting the states where military families report the greatest challenges in managing their finances.As we enter Giving Season, we’ve also highlighted meaningful ways to support service members and their families through charitable contributions, offering an opportunity to make a direct impact on those who serve our nation. Jacob Lund Financial Challenges Facing Service Members Service members are struggling more financially than the average American. Image Credit: Upgraded PointsAccording to recent Household Pulse Survey data, members of the armed services are experiencing financial strain at higher rates than the general U.S. population. Over 40% of service members report difficulty covering their usual household expenses, compared to 36.6% of all U.S. adults.The data also shows heightened anxiety among service members regarding rising prices. Nearly 80% of military personnel express stress about recent price increases, significantly higher than the 71.8% of all U.S. adults who share similar feelings. Furthermore, 81.8% of service members are concerned about future price hikes, reflecting widespread uncertainty about inflation’s long-term impact on household budgets. States Where Service Members Struggle To Cover Costs More than half of service members in certain states have difficulty covering basic household expenses. Image Credit: Upgraded PointsAcross the U.S., the financial burden on service members varies significantly from state to state, primarily influenced by local economic conditions. According to the most recent data, Utah leads with 53.7% of service members reporting difficulty covering basic household expenses, closely followed by Louisiana (52.9%) and Alaska (52.8%). Other states where over half of service members are struggling include Indiana (52.0%), Tennessee (51.2%), New York (50.8%), and Florida (50.3%).A key issue service members frequently raise is that their Basic Allowance for Housing (BAH) has not kept pace with the rapidly rising cost of housing. In states where service members face the greatest financial difficulties, such as Utah, Indiana, Tennessee, and Florida, home price increases have far exceeded the national average, exacerbating the strain on household budgets.Another critical factor affecting military families is the employment challenges military spouses face. According to the Department of Defense, the military spouse unemployment rate was 21% in 2023, compared to a national rate of 3.6% that year. Many military bases are located in rural or remote areas, limiting job opportunities for spouses, particularly in specialized fields. Additionally, frequent relocations make it difficult for spouses to sustain long-term careers, especially for those in professions requiring state-specific occupational licenses that can be difficult to transfer.Service members are also more likely to report financial struggles in states with higher-than-average unemployment rates, such as Louisiana, Alaska, and New York. Conversely, the state unemployment rate is below average in 9 of the 10 states where service members report the least financial difficulty. This suggests that strong local employment opportunities, particularly for spouses, significantly ease the financial burden on military households. How You Can Help: Top Military and Veteran Charities Photo Credit: Bumble Dee / ShutterstockOne of the most impactful ways to support service members, veterans, and their families who are facing financial hardships is through donations to reputable charities. These organizations are dedicated to addressing the unique challenges faced by military families and veterans, providing vital assistance in areas like housing, medical expenses, scholarships, and career training. To help guide your generosity, we’ve compiled a list of top-rated charities based on scores from Charity Navigator, CharityWatch, and GuideStar, which assess organizations on criteria such as impact, efficiency, accountability, and transparency.Here are some of the best charities supporting military families and veterans in need:1. USOFor over 80 years, the USO has provided crucial support to active-duty service members and their families. From financial assistance programs to community-building initiatives, the USO helps service members stay connected to loved ones while addressing their most pressing needs during deployments and transitions.2. Homes For Our TroopsThis charity is focused on providing specially adapted homes for severely injured post-9/11 veterans. It helps veterans regain independence. Homes For Our Troops also provides financial planning and household budgeting to ensure long-term stability for the recipients.3. Iraq and Afghanistan Veterans of America (IAVA)Dedicated to advocating for veterans of the Iraq and Afghanistan wars, IAVA works to improve government policies and programs that support military families. Its advocacy ensures veterans have access to financial resources, healthcare, and education opportunities.4. Fisher House FoundationThis foundation builds “comfort homes” near military and VA medical centers, allowing families to stay free of charge while a loved one is hospitalized. By reducing travel and lodging expenses, Fisher House eases financial stress during difficult times.5. Hope For The WarriorsOffering a range of programs focused on financial stability, wellness, social support, and education, Hope For The Warriors provides critical support to service members, veterans, and their families. Its services include direct financial assistance for transitioning service members and veterans in need, career training and job placement, and scholarships for spouses.6. Semper Fi & America’s FundSemper Fi & America’s Fund assists wounded, ill, and injured service members and their families through direct financial assistance and case management during hospitalization and recovery. The organization also provides educational support, career assistance, and health and wellness services.7. Wounded Warriors Family Support (WWFS)WWFS supports families of those wounded or killed in combat through programs like medical travel grants, meal and housekeeping assistance, in-home care services, and family retreats. By addressing these families' immediate and ongoing needs, WWFS alleviates the financial burdens of those suffering from recent tragic events.For more information, a detailed methodology, and complete results, see Rising Costs Hit Military Families Hard: Here’s How You Can Help on Upgraded Points. Bumble Dee Methodology Photo Credit: Jacob Lund / ShutterstockUpgraded Points conducted the analysis using the latest data from the U.S. Census Bureau Household Pulse Survey Phase 4.0–4.2, covering the period from January 9, 2024, to September 16, 2024. Service members were defined as adults currently serving in the U.S. armed forces (Active Duty, Reserve, or National Guard) and their spouses.This analysis focuses on 3 key questions from the survey:Difficulty Covering Household Expenses: Respondents were asked, "In the last 7 days, how difficult has it been for your household to pay for usual household expenses, including but not limited to food, rent or mortgage, car payments, medical expenses, student loans, and so on?" We defined difficulty as either "very difficult" or "somewhat difficult.”Stress Due to Price Increases: Respondents were asked, "How stressful, if at all, has the increase in prices in the last two months been for you?" We defined stress as either "very stressful" or "moderately stressful."Concern About Future Price Increases: Finally, respondents were asked, "In the area you live and shop, how concerned are you, if at all, that prices will increase in the next 6 months?" We defined concern as either "very concerned" or "somewhat concerned."Statistics with fewer than 50 survey responses were omitted from the analysis. Additional statistics on home prices were sourced from Zillow’s Home Value Index, and unemployment rates were sourced from the U.S. Census Bureau’s 2023 American Community Survey 1-Year Estimates.For complete results, see Rising Costs Hit Military Families Hard: Here’s How You Can Help on Upgraded Points. Jacob Lund Be the first to know
JPMorgan Chase & Co. Has $958.54 Million Holdings in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)Rush Enterprises, Inc. (NASDAQ:RUSHA) Position Trimmed by Principal Financial Group Inc.
Principal Financial Group Inc. decreased its position in shares of Cirrus Logic, Inc. ( NASDAQ:CRUS – Free Report ) by 31.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 123,645 shares of the semiconductor company’s stock after selling 55,948 shares during the period. Principal Financial Group Inc. owned 0.23% of Cirrus Logic worth $15,358,000 as of its most recent SEC filing. Several other hedge funds and other institutional investors have also recently bought and sold shares of CRUS. FMR LLC grew its holdings in Cirrus Logic by 6.3% in the 3rd quarter. FMR LLC now owns 3,678,141 shares of the semiconductor company’s stock valued at $456,862,000 after buying an additional 217,404 shares during the period. LSV Asset Management grew its holdings in Cirrus Logic by 34.6% in the second quarter. LSV Asset Management now owns 1,890,493 shares of the semiconductor company’s stock valued at $241,340,000 after purchasing an additional 486,086 shares during the period. Earnest Partners LLC increased its position in Cirrus Logic by 3.0% during the second quarter. Earnest Partners LLC now owns 1,358,140 shares of the semiconductor company’s stock worth $173,380,000 after purchasing an additional 39,759 shares during the last quarter. Geode Capital Management LLC raised its stake in Cirrus Logic by 4.7% during the third quarter. Geode Capital Management LLC now owns 1,138,279 shares of the semiconductor company’s stock worth $141,414,000 after purchasing an additional 50,582 shares during the period. Finally, Pacer Advisors Inc. boosted its holdings in shares of Cirrus Logic by 32.3% in the 3rd quarter. Pacer Advisors Inc. now owns 880,446 shares of the semiconductor company’s stock valued at $109,360,000 after purchasing an additional 215,126 shares during the last quarter. 87.96% of the stock is owned by hedge funds and other institutional investors. Cirrus Logic Price Performance Shares of NASDAQ CRUS opened at $101.87 on Friday. The firm has a market capitalization of $5.41 billion, a PE ratio of 17.27 and a beta of 0.93. Cirrus Logic, Inc. has a 1-year low of $75.92 and a 1-year high of $147.46. The business’s fifty day moving average price is $106.94 and its two-hundred day moving average price is $121.80. Wall Street Analyst Weigh In A number of analysts recently issued reports on the stock. Loop Capital assumed coverage on shares of Cirrus Logic in a research report on Tuesday, November 12th. They set a “buy” rating and a $130.00 target price for the company. Susquehanna increased their price target on Cirrus Logic from $135.00 to $140.00 and gave the company a “positive” rating in a report on Monday, November 18th. Stifel Nicolaus reduced their price objective on Cirrus Logic from $165.00 to $140.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. StockNews.com raised Cirrus Logic from a “hold” rating to a “buy” rating in a research report on Tuesday, December 3rd. Finally, Barclays decreased their price target on Cirrus Logic from $120.00 to $105.00 and set an “equal weight” rating for the company in a report on Tuesday, November 5th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $132.50. View Our Latest Analysis on Cirrus Logic Cirrus Logic Company Profile ( Free Report ) Cirrus Logic, Inc, a fabless semiconductor company, develops low-power high-precision mixed-signal processing solutions in China, the United States, and internationally. The company offers audio products, including amplifiers; codecs components that integrate analog-to-digital converters (ADCs) and digital-to-analog converters (DACs) into a single integrated circuit (IC); smart codecs, a codec with integrated digital signal processing; standalone digital signal processors; and SoundClear technology, which consists of a portfolio of tools, software, and algorithms that helps to enhance user experience with features, such as louder, high-fidelity sound, audio playback, voice capture, and hearing augmentation for use in smartphones, tablets, laptops, AR/VR headsets, home theater systems, automotive entertainment systems, and professional audio systems. Featured Stories Want to see what other hedge funds are holding CRUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cirrus Logic, Inc. ( NASDAQ:CRUS – Free Report ). Receive News & Ratings for Cirrus Logic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cirrus Logic and related companies with MarketBeat.com's FREE daily email newsletter .Drake makes another legal move against Universal over Kendrick Lamar diss track 'Not Like Us'iShares Core MSCI Europe ETF (NYSEARCA:IEUR) Shares Sold by JPMorgan Chase & Co.
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ViaDerma, Inc. ( OTCMKTS:VDRM – Get Free Report ) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 11,100 shares, a growth of 1,287.5% from the November 30th total of 800 shares. Based on an average trading volume of 3,981,600 shares, the short-interest ratio is presently 0.0 days. ViaDerma Price Performance Shares of ViaDerma stock opened at $0.01 on Friday. The firm has a fifty day moving average price of $0.01 and a two-hundred day moving average price of $0.01. ViaDerma has a fifty-two week low of $0.00 and a fifty-two week high of $0.02. About ViaDerma ( Get Free Report ) Read More Receive News & Ratings for ViaDerma Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ViaDerma and related companies with MarketBeat.com's FREE daily email newsletter .Stock market today: Wall Street slips as the 'Magnificent 7' weighs down the marketVincerx Pharma Enters into a Binding Term Sheet for a Strategic Merger with Oqory, Inc.
The U.S. Navy is transforming a costly flub into a potent weapon with the first shipborne hypersonic weapon, which is being retrofitted aboard the first of its three stealthy destroyers. The USS Zumwalt is at a Mississippi shipyard where workers have installed missile tubes that replace twin turrets from a gun system that was never activated because it was too expensive. Once the system is complete, the Zumwalt will provide a platform for conducting fast, precision strikes from greater distances, adding to the usefulness of the warship. The USS Zumwalt is seen at the Huntington Ingalls shipyard Nov. 21 in Pascagoula, Miss. “It was a costly blunder. But the Navy could take victory from the jaws of defeat here, and get some utility out of them by making them into a hypersonic platform,” said Bryan Clark, a defense analyst at the Hudson Institute. The U.S. has had several types of hypersonic weapons in development for the past two decades, but recent tests by both Russia and China have added pressure to the U.S. military to hasten their production. People are also reading... Hypersonic weapons travel beyond Mach 5, five times the speed of sound, with added maneuverability making them harder to shoot down. Last year, The Washington Post reported that among the documents leaked by former Massachusetts Air National Guard member Jack Teixeira was a defense department briefing that confirmed China had recently tested an intermediate-range hypersonic weapon called the DF-27. While the Pentagon previously acknowledged the weapon’s development, it had not recognized its testing. One of the U.S. programs in development and planned for the Zumwalt is the “Conventional Prompt Strike.” It would launch like a ballistic missile and then release a hypersonic glide vehicle that would travel at speeds seven to eight times faster than the speed of sound before hitting the target. The weapon system is being developed jointly by the Navy and Army. Each of the Zumwalt-class destroyers would be equipped with four missile tubes, each with three of the missiles for a total of 12 hypersonic weapons per ship. In choosing the Zumwalt, the Navy is attempting to add to the usefulness of a $7.5 billion warship that is considered by critics to be an expensive mistake despite serving as a test platform for multiple innovations. The USS Zumwalt is seen at the Huntington Ingalls shipyard Nov. 21 in Pascagoula, Miss. The Zumwalt was envisioned as providing land-attack capability with an Advanced Gun System with rocket-assisted projectiles to open the way for Marines to charge ashore. But the system featuring 155 mm guns hidden in stealthy turrets was canceled because each of the rocket-assisted projectiles cost between $800,000 and $1 million. Despite the stain on its reputation, the three Zumwalt-class destroyers remain the Navy’s most advanced surface warship in terms of new technologies. Those innovations include electric propulsion, an angular shape to minimize radar signature, an unconventional wave-piercing hull, automated fire and damage control and a composite deckhouse that hides radar and other sensors. The Zumwalt arrived at the Huntington Ingalls Industries shipyard in Pascagoula, Mississippi, in August 2023 and was removed from the water for the complex work of integrating the new weapon system. It is due to be undocked this week in preparation for the next round of tests and its return to the fleet, shipyard spokeswoman Kimberly Aguillard said. A U.S. hypersonic weapon was successfully tested over the summer and development of the missiles is continuing. The Navy wants to begin testing the system aboard the Zumwalt in 2027 or 2028, according to the Navy. The U.S. weapon system will come at a steep price. It would cost nearly $18 billion to buy 300 of the weapons and maintain them over 20 years, according to the Congressional Budget Office. Critics say there is too little bang for the buck. “This particular missile costs more than a dozen tanks. All it gets you is a precise non-nuclear explosion, some place far far away. Is it really worth the money? The answer is most of the time the missile costs much more than any target you can destroy with it,” said Loren Thompson, a longtime military analyst in Washington, D.C. US Navy intercepts Houthi missiles aimed at American ships in Gulf of Aden The U.S. Navy intercepted Houthi missiles and drones targeting two warships and three merchant vessels in the Gulf of Aden. But they provide the capability for Navy vessels to strike an enemy from a distance of thousands of kilometers — outside the range of most enemy weapons — and there is no effective defense against them, said retired Navy Rear Adm. Ray Spicer, CEO of the U.S. Naval Institute, an independent forum focusing on national security issues, and former commander of an aircraft carrier strike force. Conventional missiles that cost less aren’t much of a bargain if they are unable to reach their targets, Spicer said, adding the U.S. military really has no choice but to pursue them. “The adversary has them. We never want to be outdone,” he said. The U.S. is accelerating development because hypersonics have been identified as vital to U.S. national security with “survivable and lethal capabilities,” said James Weber, principal director for hypersonics in the Office of the Assistant Secretary of Defense for Critical Technologies. “Fielding new capabilities that are based on hypersonic technologies is a priority for the defense department to sustain and strengthen our integrated deterrence, and to build enduring advantages,” he said. Rising Costs Hit Military Families Hard: Here’s How You Can Help Rising Costs Hit Military Families Hard: Here’s How You Can Help Image Credit: Jacob Lund / Shutterstock The financial challenges facing U.S. military households are a significant concern throughout the year. Holidays such as Memorial Day, Armed Forces Day, or Veterans Day highlight the ongoing struggles that service members face, particularly amid rising costs for everyday essentials. Recent data from the U.S. Census Bureau’s Household Pulse Survey shows a troubling trend: Military personnel and their families are finding it more difficult to cover basic household expenses such as food, housing, and transportation than the average American. Our analysis examines how service members are faring in today’s economy compared to civilian households, highlighting the states where military families report the greatest challenges in managing their finances. As we enter Giving Season, we’ve also highlighted meaningful ways to support service members and their families through charitable contributions, offering an opportunity to make a direct impact on those who serve our nation. Financial Challenges Facing Service Members Service members are struggling more financially than the average American. Image Credit: Upgraded Points According to recent Household Pulse Survey data, members of the armed services are experiencing financial strain at higher rates than the general U.S. population. Over 40% of service members report difficulty covering their usual household expenses, compared to 36.6% of all U.S. adults. The data also shows heightened anxiety among service members regarding rising prices. Nearly 80% of military personnel express stress about recent price increases, significantly higher than the 71.8% of all U.S. adults who share similar feelings. Furthermore, 81.8% of service members are concerned about future price hikes, reflecting widespread uncertainty about inflation’s long-term impact on household budgets. States Where Service Members Struggle To Cover Costs More than half of service members in certain states have difficulty covering basic household expenses. Image Credit: Upgraded Points Across the U.S., the financial burden on service members varies significantly from state to state, primarily influenced by local economic conditions. According to the most recent data, Utah leads with 53.7% of service members reporting difficulty covering basic household expenses, closely followed by Louisiana (52.9%) and Alaska (52.8%). Other states where over half of service members are struggling include Indiana (52.0%), Tennessee (51.2%), New York (50.8%), and Florida (50.3%). A key issue service members frequently raise is that their Basic Allowance for Housing (BAH) has not kept pace with the rapidly rising cost of housing. In states where service members face the greatest financial difficulties, such as Utah, Indiana, Tennessee, and Florida, home price increases have far exceeded the national average, exacerbating the strain on household budgets. Another critical factor affecting military families is the employment challenges military spouses face. According to the Department of Defense, the military spouse unemployment rate was 21% in 2023, compared to a national rate of 3.6% that year. Many military bases are located in rural or remote areas, limiting job opportunities for spouses, particularly in specialized fields. Additionally, frequent relocations make it difficult for spouses to sustain long-term careers, especially for those in professions requiring state-specific occupational licenses that can be difficult to transfer. Service members are also more likely to report financial struggles in states with higher-than-average unemployment rates, such as Louisiana, Alaska, and New York. Conversely, the state unemployment rate is below average in 9 of the 10 states where service members report the least financial difficulty. This suggests that strong local employment opportunities, particularly for spouses, significantly ease the financial burden on military households. How You Can Help: Top Military and Veteran Charities Photo Credit: Bumble Dee / Shutterstock One of the most impactful ways to support service members, veterans, and their families who are facing financial hardships is through donations to reputable charities. These organizations are dedicated to addressing the unique challenges faced by military families and veterans, providing vital assistance in areas like housing, medical expenses, scholarships, and career training. To help guide your generosity, we’ve compiled a list of top-rated charities based on scores from Charity Navigator , CharityWatch , and GuideStar , which assess organizations on criteria such as impact, efficiency, accountability, and transparency. Here are some of the best charities supporting military families and veterans in need: 1. USO For over 80 years, the USO has provided crucial support to active-duty service members and their families. From financial assistance programs to community-building initiatives, the USO helps service members stay connected to loved ones while addressing their most pressing needs during deployments and transitions. 2. Homes For Our Troops This charity is focused on providing specially adapted homes for severely injured post-9/11 veterans. It helps veterans regain independence. Homes For Our Troops also provides financial planning and household budgeting to ensure long-term stability for the recipients. 3. Iraq and Afghanistan Veterans of America (IAVA) Dedicated to advocating for veterans of the Iraq and Afghanistan wars, IAVA works to improve government policies and programs that support military families. Its advocacy ensures veterans have access to financial resources, healthcare, and education opportunities. 4. Fisher House Foundation This foundation builds “comfort homes” near military and VA medical centers, allowing families to stay free of charge while a loved one is hospitalized. By reducing travel and lodging expenses, Fisher House eases financial stress during difficult times. 5. Hope For The Warriors Offering a range of programs focused on financial stability, wellness, social support, and education, Hope For The Warriors provides critical support to service members, veterans, and their families. Its services include direct financial assistance for transitioning service members and veterans in need, career training and job placement, and scholarships for spouses. 6. Semper Fi & America’s Fund Semper Fi & America’s Fund assists wounded, ill, and injured service members and their families through direct financial assistance and case management during hospitalization and recovery. The organization also provides educational support, career assistance, and health and wellness services. 7. Wounded Warriors Family Support (WWFS) WWFS supports families of those wounded or killed in combat through programs like medical travel grants, meal and housekeeping assistance, in-home care services, and family retreats. By addressing these families' immediate and ongoing needs, WWFS alleviates the financial burdens of those suffering from recent tragic events. For more information, a detailed methodology, and complete results, see Rising Costs Hit Military Families Hard: Here’s How You Can Help on Upgraded Points . Methodology Photo Credit: Jacob Lund / Shutterstock Upgraded Points conducted the analysis using the latest data from the U.S. Census Bureau Household Pulse Survey Phase 4.0–4.2 , covering the period from January 9, 2024, to September 16, 2024. Service members were defined as adults currently serving in the U.S. armed forces (Active Duty, Reserve, or National Guard) and their spouses. This analysis focuses on 3 key questions from the survey: Statistics with fewer than 50 survey responses were omitted from the analysis. Additional statistics on home prices were sourced from Zillow’s Home Value Index , and unemployment rates were sourced from the U.S. Census Bureau’s 2023 American Community Survey 1-Year Estimates . For complete results, see Rising Costs Hit Military Families Hard: Here’s How You Can Help on Upgraded Points. Get local news delivered to your inbox!By Kemberley Washington, CPA, Bankrate.com The IRS Direct File program, which lets taxpayers file their federal income tax return directly with the IRS for free, is doubling its reach to 24 states for the 2025 tax season, up from 12 states in 2024, the program’s pilot year. The Direct File program will also accept more types of tax situations for the 2025 tax season. While taxpayers who used the system in 2024 could claim a handful of tax credits, including the earned income tax credit and the child tax credit , that list is expanding in 2025 to include the child and dependent care credit , among others. An estimated 30 million taxpayers will qualify for the Direct File program in 2025, the IRS says. More than 140,000 taxpayers filed their federal tax returns through the Direct File program in 2024. About 90% of users said their experience was excellent or above average, according to a survey of about 11,000 Direct File users in 2024, conducted by the General Services Administration. “We’re excited about the improvements to Direct File and the millions more taxpayers who will be eligible to use the service this year,” said Danny Werfel, the IRS commissioner, in a statement. “Our goal is to improve the experience of tax filing itself and help taxpayers meet their obligations quickly and easily.” The IRS says that taxpayers can use Direct File when the 2025 tax season kicks off in January, and it will be available until Oct. 15, 2025. But the program’s future is somewhat unclear: In December, 29 Republican lawmakers sent a letter to President-elect Donald Trump, calling for him to end the Direct File program on his first day in office. Lawmakers in the U.S. House of Representatives also introduced legislation in July to end the Direct File program. For now, here’s what you need to know about how the IRS Direct File program works, and how to qualify for it. The Direct File program is a new initiative, about to enter its second year, that allows taxpayers to file their federal tax returns electronically with the IRS. The no-cost tool guides taxpayers through every part of their federal income tax return. Taxpayers can file using a smartphone, computer or tablet. One of the program’s advantages is that, if you have questions as you’re working on your return, you can get live support directly from the IRS via chat or phone. IRS representatives can answer basic tax questions and help with technical issues in English and Spanish. The Direct File program has income limits, as well as limits on the types of income, deductions and credits you can enter on your tax return. For the 2025 tax season: To be eligible for Direct File, your income can come from the following sources: But if you’re self-employed, or have business or rental income, you can’t use Direct File . Same goes for IRA contributions or distributions: If you have either, you can’t use Direct File. You can use the IRS Direct File program only if you claim the standard deduction — the program isn’t available to people who itemize. But you can claim certain above-the-line deductions: student loan interest , educator expenses and health savings account contributions . You can’t use Direct File if you want to deduct your IRA contributions. The Direct File program allows for the following tax credits in 2025: However, if you want to claim education credits , credits for energy efficient home upgrades or the adoption expense credit , you can’t use the Direct File program. More taxpayers will have access to the IRS Direct File program in 2025. In 2024, the IRS kicked off the program with only 12 states; that number has expanded to 24 states for the 2025 tax season. For some of the states that participate in the IRS Direct File program, your federal return information will be transferred automatically to the state tax website, but in some cases you’ll have to re-enter your information. Visit this IRS Direct File page to get the details for your state. Here is a list of the participating states: If you don’t qualify for the IRS Direct File program, you may have other options to file your tax return for free. In addition to Direct File, the IRS offers the Free File program, in which it partners with online tax software providers to provide free federal income tax return filing. Some providers also allow you to file a state income tax return. For the 2024 tax season, your adjusted gross income had to be less than $79,000 to qualify for the Free File program. That dollar threshold is likely to rise slightly for the 2025 tax season. The IRS also offers the Volunteer Income Tax Assistance (VITA) program, which provides certified volunteers to prepare basic tax returns if you earn less than $67,000 a year, are disabled, or speak limited English. You can find a site near you by visiting this IRS page . ©2024 Bankrate.com. Distributed by Tribune Content Agency, LLC.