Latest news with #SteveWeiss
CNBC
3 days ago
- Business
- CNBC
Trade Tracker: Steve Weiss trims Netflix
Steve Weiss, founder and managing partner of Short Hills Capital Partners joins CNBC's 'Halftime Report' to explain why he's trimming Netflix.
Economic Times
19-05-2025
- Business
- Economic Times
With $258 billion in the black, U.S. Treasury posts historic surplus, experts say it might signal brighter days ahead
The US government saw a significant budget surplus in April 2025. It reached $258.4 billion, the second-highest ever. Tax payments drove this surplus, especially individual income taxes. Revenue reached $850.2 billion, while expenditures were $591.8 billion. Social Security was the largest expense. Despite the surplus, the year-to-date deficit is $1.049 trillion. The national debt continues to rise. Tired of too many ads? Remove Ads Key Drivers of the Surplus Tired of too many ads? Remove Ads US Government Revenue Breakdown Expenditures for April The Fiscal Trend FAQs Tired of too many ads? Remove Ads The US government recorded the second-highest monthly budget surplus in US history of $258.4 billion surplus in April 2025, just behind April 2022's $308.2 billion surplus, as per a first monthly surplus of fiscal year 2025 (which began in October 2024) was driven by an influx of tax payments, according to US Department of the Treasury attributed the surplus to 'large individual tax deposits,' because April was the due date for final payments on last year's taxes and the first instalment of quarterly estimated taxes for most individuals and businesses, reported the government received $850.2 billion in receipts in the month, while expenditures were $591.8 billion, as per the READ: After securing trillion-dollar trade deals from the Middle East, here's what Donald Trump's new approval rating says - are Americans liking him? According to MoneyWise, individual income taxes accounted for $537 billion, which was the largest contributor to government revenue for insurance and retirement receipts were the other highest contributors after income taxes, adding $184 billion, as per MoneyWise. Corporate income taxes provided $94 customs duties, aided by US president Donald Trump's tariffs, contributed $15.6 billion, more than twice April last year's $6.3 billion, although still a fairly modest share of the total, according to the READ: Wall Street icon Steve Weiss plans to sell all his Nvidia shares if they hit this limit; here's the reason he cited On the expenditure side, Social Security was the single largest expenditure at $132 billion, reported MoneyWise. The government also spent $89 billion in net interest on the public debt, $82 billion on Medicare, $76 billion on health programs, and $70 billion on national defence, as per the with the massive budget surplus in April, the broader fiscal trend is still a worry. Between October 1 and April 30, the government took in $3.110 trillion in revenues but spent $4.159 trillion, resulting in a deficit of $1.049 trillion for the year to date, MoneyWise is the reason that the national debt keeps on rising and as of May 18, the outstanding US government debt totalled $36.212 trillion, according to the surplus was driven by a large influx of tax payments, particularly individual income taxes, due to the April filing deadline and the first installment of quarterly estimated US government recorded a surplus of $258.4 billion in April 2025, as per MoneyWise.
Time of India
19-05-2025
- Business
- Time of India
With $258 billion in the black, U.S. Treasury posts historic surplus, experts say it might signal brighter days ahead
The US government recorded the second-highest monthly budget surplus in US history of $258.4 billion surplus in April 2025, just behind April 2022's $308.2 billion surplus, as per a report. Key Drivers of the Surplus The first monthly surplus of fiscal year 2025 (which began in October 2024) was driven by an influx of tax payments, according to MoneyWise. The US Department of the Treasury attributed the surplus to 'large individual tax deposits,' because April was the due date for final payments on last year's taxes and the first instalment of quarterly estimated taxes for most individuals and businesses, reported MoneyWise. 5 5 Next Stay Playback speed 1x Normal Back 0.25x 0.5x 1x Normal 1.5x 2x 5 5 / Skip Ads by by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like War Thunder - Register now for free and play against over 75 Million real Players War Thunder Play Now Undo Overall, the government received $850.2 billion in receipts in the month, while expenditures were $591.8 billion, as per the report. ALSO READ: After securing trillion-dollar trade deals from the Middle East, here's what Donald Trump's new approval rating says - are Americans liking him? Live Events US Government Revenue Breakdown According to MoneyWise, individual income taxes accounted for $537 billion, which was the largest contributor to government revenue for April. Social insurance and retirement receipts were the other highest contributors after income taxes, adding $184 billion, as per MoneyWise. Corporate income taxes provided $94 billion. While, customs duties, aided by US president Donald Trump's tariffs, contributed $15.6 billion, more than twice April last year's $6.3 billion, although still a fairly modest share of the total, according to the report. ALSO READ: Wall Street icon Steve Weiss plans to sell all his Nvidia shares if they hit this limit; here's the reason he cited Expenditures for April On the expenditure side, Social Security was the single largest expenditure at $132 billion, reported MoneyWise. The government also spent $89 billion in net interest on the public debt, $82 billion on Medicare, $76 billion on health programs, and $70 billion on national defence, as per the report. The Fiscal Trend Even with the massive budget surplus in April, the broader fiscal trend is still a worry. Between October 1 and April 30, the government took in $3.110 trillion in revenues but spent $4.159 trillion, resulting in a deficit of $1.049 trillion for the year to date, MoneyWise reported. This is the reason that the national debt keeps on rising and as of May 18, the outstanding US government debt totalled $36.212 trillion, according to the report. FAQs What caused the US government surplus in April 2025? The surplus was driven by a large influx of tax payments, particularly individual income taxes, due to the April filing deadline and the first installment of quarterly estimated taxes. How much was the surplus for April 2025? The US government recorded a surplus of $258.4 billion in April 2025, as per MoneyWise.
CNBC
16-05-2025
- Business
- CNBC
Trade Tracker: Steve Weiss sells the XLE
Steve Weiss, Founder and Managing Partner of Short Hills Capital Partners joins CNBC's 'Halftime Report' to explain why he's selling the XLE.
CNBC
14-05-2025
- Business
- CNBC
Trade Tracker: Steve Weiss buys Amazon and Nvidia
Steve Weiss, founder and managing partner at Short Hills Capital Partners, joins CNBC's 'Halftime Report' to detail his latest buys.
