Revenue Department Releases January 2025 Collections | Department of Revenue | Commonwealth of Pennsylvania

Category: Finance

Pennsylvania's General Fund revenue for January was $3.9 billion, falling short of estimates by $51.3 million. Year-to-date collections are at $24.1 billion, also below projections. Sales tax receipts exceeded estimates, while personal income tax and other revenues were below expectations. The Motor License Fund, however, performed well, exceeding estimates by $20.1 million.

Keywords: Pennsylvania, General Fund, revenue collections

Source: PA Department of Revenue

Update At: 2/2/2025

Related Sources

Musk-led DOGE has access to U.S. Treasury's payment system

Treasury Secretary Scott Bessent granted Elon Musk's task force access to a critical federal payment system, raising concerns about the integrity and management of federal payments. Experts warn that untrained individuals managing this system could threaten the economy, particularly regarding timely payments on Treasury bonds and other federal obligations.

Marketplace.org

Palantir Technologies Inc. (PLTR) Q4 2024 Earnings Call Transcript

Ana Soro from Palantir's Finance Team welcomes participants to the Fourth Quarter 2024 Earnings Call, discussing results and forward-looking statements regarding fiscal 2025. The call includes information on risks, non-GAAP financial measures, and additional resources available on the Investor Relations website.

Seeking Alpha

Here's Why Uber Stock Dipped Today

Uber Technologies reported Q4 2024 results with gross bookings up 18% year over year to over $44 billion, but forward guidance fell short, leading to a 7% drop in stock. Management plans a $1.5 billion stock repurchase, citing undervaluation. Free cash flow doubled to $1.7 billion, indicating strong profitability despite investor concerns.

Motley Fool

Uber Stock Sinks as Bookings Forecast Disappoints

Uber's shares fell 7% after the company reported a current-quarter gross bookings outlook below analysts' estimates. Despite a net income of $6.88 billion, Uber's operating income and adjusted EBITDA missed expectations. The firm reported gross bookings of $44.2 billion, but projects lower bookings for the next quarter due to currency headwinds.

Investopedia

What Analysts Think of Amazon Stock Ahead of Earnings

Amazon is expected to report strong fourth-quarter results, with analysts maintaining a bullish outlook and a consensus price target of $259. Jefferies highlights Amazon as a top pick for enterprise AI, while concerns about AI spending in the tech sector are rising. Projected revenue is $187.42 billion, a 10% increase year-over-year, with earnings expected at $16.02 billion.

Investopedia

AMZN Earnings: Amazon Beats Wall Street Forecasts but Issues Weak Guidance - TipRanks.com

Amazon's stock fell 2% despite better-than-expected Q4 2024 earnings, with EPS at $1.86 and revenue at $187.79 billion. However, the company issued disappointing guidance for Q1 2025, expecting sales between $151 billion and $155.5 billion, below Wall Street's forecast. The weak outlook is attributed to unfavorable foreign exchange impacts. Amazon's capital expenditures rose significantly, reflecting investments in AI and infrastructure. The stock maintains a Strong Buy rating among analysts.

TipRanks

Amazon Stock Slides Friday Amid Concerns About AI Spending, Soft Forecast

Amazon's shares fell as analysts lowered price targets due to concerns over increased spending on AI and a weaker sales forecast. CEO Andy Jassy indicated a $100 billion capital expenditure plan primarily for AI infrastructure. While some analysts remain optimistic, they adjusted their price targets downwards, reflecting caution about the company's financial outlook amidst significant investments in AI by major tech firms.

Investopedia

CFPB Bites of the Month - 2024 Annual Review - Mortgage

The article outlines key developments in the mortgage industry for 2024, focusing on the CFPB's actions and statements regarding refinancing processes, closing costs, and regulatory changes. It highlights concerns about minority homeowners' access to refinancing benefits, the impact of rising interest rates, and the CFPB's initiatives to address closing costs and junk fees. Additionally, it discusses the CFPB's efforts to combat discrimination in mortgage lending and the implications of recent legal actions against mortgage companies.

JD Supra

FDIC’s McKernan announces departure

The new acting director of the CFPB has instructed the Federal Reserve to stop funding for the bureau and has ordered staff to pause all activities following a suggestion from Elon Musk on X.

ABA Banking Journal

Home

Truist, KeyCorp, and Goldman Sachs have issued one-time stock awards to select executives to retain them, despite some analysts urging shareholders to reject these bonuses, while consultants defend the awards as justified.

American Banker