As the U.S. Department of the Treasury and IRS roll out proposed regulations for crypto tax reporting, experts say it's critical for investors to accurately report and track activity.Stemming from the 2021 federal infrastructure bill, the agencies on Friday unveiled the long-awaited tax reporting proposal for cryptocurrency, non-fungible tokens...
Check out the companies making headlines in midday trading.Best Buy — Shares popped nearly 6% after the retailer's fiscal second-quarter earnings beat on both the top and bottom lines. Adjusted earnings per share came in at $1.22, versus the $1.06 expected from analysts polled by Refintiv. Revenue was $9.58...
Inductee Eminem performs on stage during the 37th Annual Rock & Roll Hall Of Fame Induction Ceremony at Microsoft Theater on November 05, 2022 in Los Angeles, California.Jeff Kravitz | Filmmagic, Inc | Getty ImagesRapper Eminem has demanded Vivek Ramaswamy stop using his music on the campaign trail —...
The Biden administration on Tuesday unveiled the first 10 prescription drugs that will be subject to price negotiations between manufacturers and Medicare, kicking off a controversial process that aims to make costly medications more affordable for older Americans. President Joe Biden's Inflation Reduction Act, which passed in a party-line vote...
Baird announced that a team of three advisors has joined the firm from Zions Wealth Advisors, where they oversaw more than $500 million in assets under management. Greg Aiken, Ben Blake and Jonathon Bult have joined Baird’s wealth management office in Salt Lake City. Aiken and Blake both will serve...
<p><strong>Nio Inc (NYSE:NIO) </strong>earlier announced worse-than-expected second-quarter losses and revenue. The electric vehicle (EV) name also saw its delivery numbers dwindle year over year, and issued a fiscal third-quarter revenue outlook that was below analysts' estimates. At last check, NIO was down 7.9% at $10.15.</p> <p>Today's bear gap early sent...
Martin Gruenberg, Chair of the Federal Deposit Insurance Corporation (FDIC), testifies about recent bank failures during a US Senate Committee on Banking, House and Urban Affairs hearing on Capitol Hill in Washington, DC, May 18, 2023.Saul Loeb | AFP | Getty ImagesU.S. banking regulators on Tuesday unveiled plans to...