Tag: government bodies

Need to report bitcoin trades on your taxes? Here are 5 things to know first

Treasury Department Secretary Janet Yellen is not big on bitcoin, a point she reiterated recently when she called the digital currency speculative and “inefficient.” That...

IRS chief says agency is having ’15 minutes of fame’ — here’s how he’s hoping to make the most of it

“ I think we’re living in our 15 minutes of fame. And I think we’re living in, for us, a bipartisan environment. ” — Internal...

These midsize trucks get the best mileage

Pickup trucks generally aren’t famous for great fuel economy, but the efficiency of some midsize trucks in 2021 may surprise you. There are multiple diesel...

Trump’s second impeachment trial: How to watch it

Former President Donald Trump faces a second impeachment trial in the Senate this week, after the House last month voted to approve a charge of...

Can my ex-husband file a joint tax return without my consent? He tried to take both my stimulus checks, but I got the better of him

Dear Moneyist, I’m 62 years of age, I have stopped working and I am currently receiving Social Security. My husband is intending to file a...

Cannabis stocks rally after Chuck Schumer leads drive for reforms that may end federal prohibition

Cannabis stocks were mostly higher Tuesday after three Democratic senators led by Majority Leader Chuck Schumer said they would make reform legislation a key priority...

Elizabeth Warren calls for new leadership to oversee student loans — and calls Betsy DeVos era a ‘disaster’

When Congress ordered the Department of Education to stop garnishing the wages of borrowers who defaulted on their student loans as part of the CARES...

Yellen says raising minimum wage to $15 would have ‘minimal’ impact on jobs, but nonpartisan Congressional Budget Office disagrees

Raising the minimum wage to $15 an hour from $7.25 would help the U.S. economy more than it would harm it, Janet Yellen, President Joe...

Climate activist Greta Thunberg chides Sen. Ted Cruz’s preference for a ‘Pittsburgh Accord’

Teenage global climate-change activist Greta Thunberg, who can boast over 4.6 million followers on Twitter and her own postage stamp, welcomed U.S. President Joe Biden’s...

Counting on a tax refund or stimulus check? 5 things to know before filing your taxes

This year’s tax season will start against a very different backdrop. Approximately 18 million people are on some form of unemployment assistance and savings rates...

Trump pardons former adviser Steve Bannon, 142 others — but not himself

In his final hours in office, President Donald Trump granted pardons and commuted sentences for 143 people early Wednesday, including a pre-emptive pardon to former...

Here are 3 lessons from the Carrefour mess for M&A buyers eyeing European preys

Canadian convenience store operator Couche Tard won’t acquire French retail giant Carrefour, as could have been predicted just hours after the two groups announced they...

Opinion: After Capitol insurrection and fallout, it is time for new laws for social media

The insurrection at the U.S. Capitol has led to the biggest reckoning in the history of the internet, and will likely be a tipping point...

Opinion: Think Donald Trump is ‘retiring’? Think again

Jimmy Carter spent the decades after he left the White House working with Habitat for Humanity to build houses for the poor.  Bill Clinton has made a fortune giving...

Lawsuit seeks to throw out California measure that protects ‘gig economy’ business model

Ride-hailing drivers and the Service Employees International Union filed a lawsuit against California on Tuesday that asks the state Supreme Court to invalidate Proposition 22...

Mitt Romney likely to have Republican company in a second vote to impeach Trump

In President Donald Trump’s impeachment trial early last year, Sen. Mitt Romney was the lone Republican vote in favor of conviction. That seems unlikely to...

Arnold Schwarzenegger says the pro-Trump mob perpetrated an American Kristallnacht on Capitol Hill

“ ‘I grew up in Austria. I’m very aware of Kristallnacht, or the Night of Broken Glass. It was a night of rampage against the...

10 Biden tax plans that will sail through a Democratic-controlled Senate — and how to prepare for them

With the New Year here and a Democratic-controlled Senate looking increasingly likely after the runoff Senate elections in Georgia, President-elect Joe Biden’s tax plans are...

Twitter permanently suspends Trump’s account

With mere days before his presidency is set to end, Twitter Inc. permanently suspended the account of Donald Trump on Friday. “After close review of...

Boeing to pay $2.5 billion to settle U.S. fraud charges over 737 Max

Boeing Co. has agreed to pay more than $2.5 billion in penalties, including nearly $1.8 billion in compensation for airlines, to resolve charges of misleading...

Twitter and Facebook temporarily lock Trump’s accounts following Capitol siege

Social media companies condemned a video posted by President Donald Trump during a withering assault on Capitol Hill on Wednesday, prompting Twitter to lock his...

Financial sector set for best day in 2 months as Georgia results spark bond-yield pop

Bank stocks were breaking out on Wednesday, led by a rise in rates that was rippling throughout financial markets. But the move in benchmark government...

Dow rises, but tech stocks slip as ‘reflation trade’ grips Wall Street after Democrats flip Senate seat

U.S. stocks mostly shook off early losses to trade higher Wednesday, though technology sector stocks remained lower, after Democrats scored at least one U.S. Senate...

Stock-market futures slip, bond yields pop near 1% amid razor-thin Georgia races

Wall Street had Georgia squarely on its mind Tuesday night, with equity futures and bonds mostly in the crosshairs as investors eyed dual contests for...

Dow futures edge lower after stocks see first decline to start a year since 2016

The main U.S. stock benchmarks on Tuesday were pointing lower after equities registered their first losses to open a new year since 2016 on Monday,...