business news
Here’s what investors need to know about the latest crypto tax reporting rules for 2022
Jose Luis Pelaez | Getty Images The IRS is sharing more details on how to report digital assets for the 2022 tax filing year, according to draft instructions. Since 2019, there’s been a yes or no “virtual currency” question on tax returns, requiring filers to check a box to disclose their taxable crypto activity. For […]
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Andreessen Horowitz-backed startup takes on mass producing spacecraft
Co-founders Max Benassi, left, and Ian Cinnamon Apex Space A pair of heavy-hitter startup founders is turning their attention to what they see as a key bottleneck in the space industry, and has already won backing from high-profile venture capital. Los Angeles-based Apex Space, led by co-founders Ian Cinnamon and Max Benassi, wants to better […]
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Raymond James upgrades AT&T to strong buy, says telecom giant can surge 40%
AT & T ‘s prospects keep getting better, according to Raymond James. Analyst Frank G. Louthan upgraded shares of AT & T to strong buy from outperform, saying the telecommunications company’s return to its core business has improved the stock. “We believe this stronger rating is appropriate given AT & T’s simpler story is starting […]
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Beyond Meat is rolling out its steak substitute in grocery stores
Beyond Steak Source: Beyond Meat Beyond Meat is launching a steak substitute in grocery stores on Monday. The new product will roll out nationwide at more than 5,000 Kroger and Walmart stores, as well as Albertsons, Ahold Delhaize, Jewel-Osco, Sprouts and other local grocers. The announcement concludes a rocky month for the maker of meat […]
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Facebook and Google face skeptics on Wall Avenue this week amid digital ads collapse
A new video clip by Influenced by Iceland pushes back against enduring daily life through the “metaverse,” as explained by Mark Zuckerberg during Facebook’s rebranding to Meta on Thursday, Oct. 28, 2021. Michael Nagle | Bloomberg | Getty Photographs Wall Avenue is bracing for disaster in on-line marketing. Pursuing disappointing benefits from Snap previous week […]
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Stocks making the biggest moves in the premarket: Tesla, WeWork, Alibaba and more
watch now VIDEO1:1901:19 Dow futures rise slightly as Wall Street tries to build on its best week since June Morning Report Take a look at some of the biggest movers in the premarket: Tesla (TSLA) – Tesla fell 2.5% in the premarket after cutting Model 3 and Model Y prices in China by up to […]
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Alibaba, Tencent shares plummet 11% together with China tech shares as Xi tightens grip on electrical power
China’s President Xi Jinping speaking at the opening session of the 20th Chinese Communist Party’s Congress at the Fantastic Corridor of the Folks in Beijing on Oct. 16, 2022. Noel Celis | AFP | Getty Images Chinese technological innovation stocks tanked Monday following a political reshuffle in the world’s 2nd-greatest economic system tightened President Xi […]
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Binance is ‘narrowing down’ identification of hacker guiding $570 million crypto assault, CEO claims
Vital Factors Right after getting some ideas from legislation enforcement, Binance is now “narrowing down” the hacker guiding the assault, CEO Changpeng Zhao told CNBC Monday. Zhao stated the BNB Chain was able to stop about 80% to 90% of the specific funds from getting taken by the hacker. Supply
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JPMorgan president claims a economic downturn might be rate to shell out to defeat inflation, market bottom not in still
Daniel Pinto, co-president and chief running officer of JPMorgan Chase & Co., speaks all through the Institute of Worldwide Finance (IIF) once-a-year membership conference in Washington, D.C., Oct. 18, 2019. Al Drago | Bloomberg | Getty Photographs JPMorgan Chase President Daniel Pinto has vivid reminiscences of what life is like when a state loses command […]
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Bank of America downgrades Meta, says lower ad spending could hurt Reels
Investors should hold off on Meta as it heads into earnings this week, according to Bank of America. Analyst Justin Post downgraded shares of Meta to neutral from buy, saying there is likely greater ad spending pressure ahead that could hurt Meta’s Reels business. “[While] 4Q & 2023 expectations have been lowered, we expect advertiser […]
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