Treasury small business ownership rule on hold as court eyes constitutionality

Key Points

Small businesses had been required to report “beneficial ownership information” to the Treasury Department by Jan. 13, 2025, or risk financial penalties.
The 5th U.S. Circuit Court of Appeals issued an order late on Dec. 26 that halted enforcement. It comes just days after a previous delay, from Jan. 1.
Businesses aren’t required to file a BOI report and won’t face liability while that order is in effect.
It will likely be in force until at least March, one legal expert said.

Source

Finance

Stocks making the biggest moves midday: Hershey, Chemours, Fair Isaac, Sunrun & more

July 8, 2025

Check out the companies making the biggest moves midday: Hershey — The candy company slid more than 3% following news that Wendy’s CEO Kirk Tanner will take the helm at Hershey , effective Aug. 18. He will replace Michele Buck, who has been with the company for the past two decades and has spent eight […]

Finance

‘Big Short’ Trader Steve Eisman breaks down one reason investors shouldn’t worry about deficits

July 8, 2025

Steve Eisman, the investor who called the subprime mortgage crisis, said fears of the massive size of the federal budget deficit may be overblown. President Donald Trump’s One Big Beautiful Bill Act signed last week added to investor concerns about the fiscal trajectory of the country and future government borrowing. The bill includes trillions of dollars in […]

Finance

Robinhood CEO downplays OpenAI concerns on tokenized stock structure

July 8, 2025

Key Points In a CNBC interview Tuesday, Robinhood CEO Vlad Tenev defended the company’s OpenAI and SpaceX stock tokens, given concerns over how they’re structured. Last week, OpenAI issued a warning that Robinhood’s stock tokens do not represent equity in the company. “In and of itself, I don’t think it’s entirely relevant that it’s not […]