Treasury, IRS reveal a postcard-size form to file your taxes
Next year, Americans will be able to file their individual tax returns on a postcard. The GOP’s long-promised change is an offshoot of a tax overhaul last year that cut corporate rates and winnowed down the number of individual tax...
Canada makes retaliatory tariffs official: ‘We will not back down’
Canada’s foreign minister announced Friday that Ottawa plans to impose about $12.6 billion worth of retaliatory tariffs on U.S. goods on July 1, joining other major U.S. allies striking back in the escalating trade dispute. The country is working closely...
Consumer sentiment gains slightly in June, but falls below expectations
U.S. consumer sentiment rose slightly in the final reading of June, hampered by fears of rising trade tensions. The index increased to 98.2, below an expected 99.2 by economists surveyed by Thomson Reuters. Chief Economist for The University of Michigan’s...
Bitcoin skids under $6,000, closing in on 60 percent loss for the year
Bitcoin prices dropped to a low not seen since November as investor sentiment fails to rebound after hacks in recent weeks and crackdowns from global regulators. The world’s first and largest cryptocurrency skidded as low as of $5,799.62 as of...
Consumer prices accelerated, with a measure of inflation hitting the Fed’s 2% target for the first time in 6 years
U.S. consumer prices accelerated in the year to May, with a measure of underlying inflation hitting the Federal Reserve’s 2 percent target for the first time in six years. Consumer prices as measured by the personal consumption expenditures (PCE) price...
Trump reportedly wants the US to withdraw from World Trade Organization
President Donald Trump is not a fan of the World Trade Organization. Axios is reporting that Trump has told several top White House officials he wants to withdraw the United States from the WTO. “He’s [threatened to withdraw] 100 times....
Bitcoin dips below $6,000, and one crypto trader says it will go lower. Here are alternatives to buy
Bitcoin fell below $6,000 on Thursday. According to cryptocurrency trader Ran Neu-Ner, it’s likely to go even lower. “There’s more blood to come,” Neu-Ner, who is host of CNBC Africa’s “Crypto Trader,” said Thursday on “Fast Money.” Bitcoin was...
After-hours buzz: NKE, WFC, SNX, KBH, JPM, C, BAC
Check out the companies making headlines after the bell: Nike stock increased by more than 8 percent in extended-hours trading. The popular shoe and athletic wear company posted stronger than expected earnings in its fourth quarter report. Nike earned 69...
Immigration law changes have left many US businesses scrambling to find low-skilled foreign workers
Ronda Fox finally got the news last week, three months into planting season: The federal government approved her application to employ more than a dozen temporary foreign workers for her family-owned landscaping business in Aurora, Colo. She had hoped to...
Wells Fargo, JP Morgan, Citi will hike dividends, buy back more stock
The biggest U.S. banks announced plans to buy back tens of billions of dollars in stock and hike their quarterly dividends after passing an annual stress test by the Federal Reserve. Wells Fargo said it would more than double its...
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