Tag: Regulation

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...

State attorneys general call on Biden to cancel up to $50,000 in student debt to provide ‘immediate relief to millions’

A multistate coalition of Democratic attorneys general is calling on President Joe Biden to cancel up to $50,000 in student debt per borrower.  The letter...

Only 50 people are known to have contracted COVID-19 more than once — but new strains have medical experts on high alert

It’s very rare for someone to get infected with the coronavirus causing the disease COVID-19 a second time, but the few confirmed cases of reinfection...

Philadelphia relies on a commuter tax to balance its budget. What does that mean in a work-from-home world?

Jon Dumont has walked through Philadelphia’s Center City district to and from his office for years, passing familiar businesses and friendly faces. But the experience...

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...

Fewer older workers file employee compensation claims in states where marijuana is legalized

In the ongoing debate over marijuana’s full legalization, a new study offers proponents this potential payoff: cheaper workers’ compensation claims for injured workers. In states...

Dow logs record as cold snap lifts energy stocks, and rise in yields buoys banks

The Dow industrials eked out a record gain, but the other main equity benchmarks limped lower, as progress toward President Joe Biden’s $1.9 trillion coronavirus...

Regulator objects to $9.2 billion sale of eBay arm in the latest move to protect online competition

In the latest move from regulators to protect competition in online marketplaces, the U.K.’s Competition and Markets Authority, or CMA, has objected to the sale...

Last-minute strategies for lowering your 2020 business tax bill

Although 2020 is history (thankfully), business taxpayers can still take actions that will lower last year’s federal income tax liability and/or federal income tax liabilities...

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...

This is America’s rare chance to undo the economic wrongs of decades, these strategists say

What doesn’t kill you makes you stronger, it’s said, though that’s cold comfort for anyone going through a trauma, whether personal or collective. But some...

GameStop, AMC stocks close lower as oversight momentum builds, Reddit poster to testify

GameStop Corp. shares closed lower Thursday for their third trading day this week as volatile trading of heavily shorted stocks comes under more federal scrutiny....

Cannabis stocks rally anew as $7 billion GW Pharma deal spurs interest in weed and its medical benefits

Cannabis stocks rallied anew on Wednesday, spurred on by news of a $7 billion deal for the first company to win U.S. regulatory approval for...

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...

As new coronavirus strains raise questions about mask quality, the N95 market in the U.S. is still facing supply issues

Government officials in the U.S. and Europe have called for stricter mask protocols as more infectious strains of the coronavirus circulate, yet there is still...

‘We have not won this yet,’ Fed’s Powell says, signaling policy to remain ultra-easy

Federal Reserve Chairman Jerome Powell on Wednesday said the central bank hasn’t finished the job of restoring the economy to health, a dovish signal that...

Opinion: 5 tax-related policies Biden can push to help small businesses truly recover from COVID-19

As President Joe Biden and his administration establish their plans to combat the pandemic and revive the economy, one thing cannot be understated—small businesses and...

Biden administration looks set to target ‘forever chemicals,’ as 3M warns about ‘onerous regulation’

WASHINGTON — President Joe Biden’s administration looks poised to crack down on a group of “forever chemicals” that have been linked to a range of...

Opinion: How to make sure your spouse gets your retirement savings when you die

If you designate beneficiaries for your retirement accounts, that’s usually a surefire way to pass those assets directly to your desired heirs without going through...

Netflix paid just $4.4 million in U.K. taxes in 2019 despite reaping $1.3 billion from subscribers

Netflix reaped an estimated £940 million ($1.3 billion) from British subscribers in 2019, but the streaming giant paid just £3.2 million in U.K. corporation taxes...

U.S. suffers another 4,000 deaths in a single day as experts welcome Fauci’s return to White House podium

The global tally for the coronavirus-borne illness COVID-19 climbed above 97.6 million on Friday and the U.S. death toll rose above 410,000, as experts welcomed...

Biden administration extends nationwide eviction moratorium

U.S. President Joe Biden formally requested that officials extend the nationwide bans on evictions and foreclosures hours after his inauguration. Biden asked the U. 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...

Here’s the maximum amount Biden’s stimulus checks and tax credits would deliver to America’s poorest families

 A new round of $1,400 stimulus checks could equal at least 20% of the money low-income families bring home in a full year, according to...

Biden’s ‘rescue America’ plan is big. How its trillions could help both Wall Street and Main Street

As Americans hunker down and wait to get vaccinated, the toll of the coronavirus pandemic keeps rising. Its costs, both in lives and livelihood, prompted...