IRS Issues Guidance On How Controversial ERC Refunds Will Be Treated Under New Tax Law

The IRS has announced transitional guidance regarding car loan interest reporting under the new tax law, which is great news for taxpayers planning to buy a new car assembled in the U.S. Starting in 2025, they may be eligible to deduct up to $10,000. This guidance is crucial as it helps clarify the details of the new tax benefits, making it easier for individuals to take advantage of these deductions and potentially save money.

Barclays Plc has announced that the municipal-bond market is set to expand significantly, potentially reaching a $25 billion market for space facilities. This growth follows the recent enactment of the Trump administration’s One Big Beautiful Bill Act, which aims to boost investment in space-related projects. This development is exciting as it not only signifies a new avenue for funding in the space sector but also reflects a growing recognition of the importance of space infrastructure in the economy.

Beiersdorf has recently adjusted its sales outlook downward due to challenges faced by its Nivea brand. This is significant as Nivea is one of the company's flagship products, and its struggles could indicate broader issues in the skincare market. Investors and consumers alike will be watching closely to see how Beiersdorf plans to address these challenges and whether it can regain its footing in a competitive landscape.

MTU Aero Engines has exceeded profit expectations, driven by strong commercial demand in the aviation sector. This positive performance highlights the company's resilience and adaptability in a recovering market, showcasing its ability to capitalize on increasing air travel and aircraft production. Such results not only boost investor confidence but also signal a promising outlook for the aerospace industry as a whole.

The dollar has strengthened as oil prices surged following the U.S. sanctions on Russian companies, signaling a robust response to geopolitical tensions. This development is significant as it reflects the U.S. economy's resilience and could influence global markets. Meanwhile, the yen has weakened as investors anticipate more relaxed fiscal and monetary policies in Japan, which could lead to further shifts in currency dynamics.

Sodexo has announced that it expects slower revenue growth in 2026, primarily due to challenges in the US market. This forecast raises concerns about the company's ability to maintain its growth trajectory amidst increasing competition and economic pressures. Investors and stakeholders will be closely monitoring how Sodexo navigates these challenges and what strategies it will implement to adapt to the changing landscape.

Heineken has unveiled an ambitious plan aimed at boosting its beer sales while simultaneously cutting costs. This strategy is significant as it reflects the company's commitment to adapting to market demands and enhancing profitability. By focusing on efficiency and growth, Heineken is positioning itself to better compete in the global beverage market, which is crucial for its long-term success.

Huhtamaki has reported solid Q3 results, showcasing resilience in its flexible packaging segment, which has successfully offset weaknesses in the US market. This is significant as it highlights the company's ability to adapt and thrive despite regional challenges, indicating strong demand for its products and a positive outlook for future growth.