Bloomberg Tax and Paychex have updated their technology to take into account the sweeping changes in the Tax Cuts and Jobs Act. Bloomberg Tax said last week its Income Tax Planner was fully updated within days of the signing of the new tax law, with the latest changes in the...
The lower corporate tax rate under the new tax law spurred some confusion for corporations whose taxable years don’t begin on January 1. Tax professionals have been practically unanimous in their expectations for guidance from the Treasury Department on how to interpret and follow the new tax law. But on...
Bitcoin sunk below $10,000 last Tuesday afternoon on Coinbase, after topping the psychologically key level in November. Some other cryptocurrencies followed. Ethereum fell 30 percent, to under $1,000, while Ripple decreased below $1. Almost every major digital currency experienced substantial losses throughout the day. Late Tuesday night, Ethereum sold a little...
Bitcoin has fallen double digits over the last week amid a slew of bad news, and one strategist said this loss of momentum could prove negative for the cryptocurrency in the near term. Boris Schlossberg, managing director of foreign exchange strategy at BK Asset Management, told CNBC's "Trading Nation" that...
At Apple, ‘creating’ jobs isn’t the same as hiring, and paying repatriation taxes doesn’t mean all the money is coming home   Apple Inc. announced a series of plans Wednesday that were celebrated as promises to hire thousands of workers and bring home all of its overseas cash. Well, not necessarily. Apple AAPL, +0.09%  said in its release...
A gauge of world stock markets slipped on Thursday, pausing after notching a run of record highs, as a decline in Boeing and interest-rate sensitive sectors such as utilities and real estate weighed on U.S. equities. Shares on Wall Street took a breather after the strongest performance of the year...
U.S. President Donald Trump said on Wednesday he would announce a decision soon on whether to slap tariffs on imported solar panels, and quipped that when countries dump subsidized panels in the United States, “Everybody goes out of business.” The solar industry is anxiously awaiting the decision, which will have...
General Motors Co’s China unit will sell a “substantial portion” of the automaker’s future electric vehicles, GM China President Matt Tsien said on Wednesday. In a briefing at GM headquarters, Tsien said, “China is at the heart of our electrification strategy.” Tsien did not say which GM brands would sell electric...
There isn’t likely to be a good outcome for the U.S., the global strategist says George Friedman sees the global political map unfolding in 2018 with the United States less powerful and very much alone in dealing with North Korea, while Asia and Europe are ground-zero for forceful economic and...
While we took several steps last year to protect advertisers from inappropriate content, we know we need to do more to ensure that their ads run alongside content that reflects their values Alphabet Inc’s Google is making its second attempt in less than a year to protect advertisers on its...