Author: Press Room
The IRS may have your money. The tax agency has announced that more than $1.5 billion in outstanding refunds remain unclaimed from the 2019 tax year. The agency estimates that more than 1.5 million taxpayers might have qualified for a refund but did not file a federal income tax return for the 2019 tax year. Tax Refund Deadline If you are due a refund, you must file a federal income tax return to get your money. Taxpayers usually have three years to file and claim their tax refunds—if you don’t file within three years, the money becomes the property of…
The European Union will launch an 11th wave of sanctions on Russia and seek to crack down on efforts to evade economic penalties introduced in the wake of its full-scale invasion of Ukraine, a top EU official told CNBC Thursday.”Europe has rolled out 10 packages of sanctions. We will have another package,” Mairead McGuinness, EU commissioner for financial stability, financial services and capital markets union, told CNBC’s Joumanna Bercetche at the International Monetary Fund’s spring meeting in Washington, D.C.EU countries have been in talks about drawing up a fresh round of sanctions against Russia in recent weeks and McGuinness confirmed…
A settlement that will allow thousands of student loan debts to be canceled will go into effect after the Supreme Court on Thursday declined to block it.The Supreme Court in a brief order rejected a request made by colleges challenging the settlement.The class-action settlement concerns loans that borrowers claim should be canceled because they were taken out based on misrepresentation made by their schools, many of which are for-profit. The settlement could be worth more than $6 billion.The case arises from a settlement that California-based U.S. District Judge William Alsup approved in November in a case brought by borrowers. The government has already started…
A former Fox News producer who claims the right-wing network pressured her to give false testimony escalated her own lawsuit against the company, adding CEO Suzanne Scott as defendant and accusing Fox’s lawyers of deleting messages from her phone. In explosive lawsuits filed last month, Abby Grossberg claimed Fox lawyers bullied her into protecting the network and its on-air personalities in her deposition for the Dominion Voting Systems’ case. Grossberg now accuses Scott of being complicit in the alleged coercion, according to her amended lawsuit. Fox News has previously said her lawsuits are “riddled with false allegations” and says its…
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Ether (ETH), the cryptocurrency that powers the smart-contract-enabled Ethereum blockchain, just surged above $2,100 for the first time since May 2022 amid positive post-Shapella update changes in the ETH supply.Ethereum developers successfully implemented the so-called “Shapella” upgrade on Wednesday – Shapella being an amalgamation of the names of Ethereum’s consensus (Shanghai) and execution (Capella) layers.Among other things, the upgrade means that staked ETH and ETH-denominated staking rewards can now be withdrawn from the staking smart contract for the first time since staking was enabled on the Beacon blockchain back in December 2020.Some analysts had worried that the enabling of withdrawals…
FilmHedge lends credit to movies and TV shows with budgets ranging from $1 million to $50 million. The 3-year-old fintech closed on a $5 million round in March and has a $100 million credit facility. Founder Jon Gosier explained why FilmHedge’s model is resonating as Hollywood turns to private credit. As private-credit strategies become increasingly important for Hollywood, one independent financial-tech firm is raising millions from investors on the promise that it can provide vital capital to help hot new series and blockbusters get made.FilmHedge, an Atlanta-based fintech launched in February 2020, provides liquidity to productions with budgets ranging from…
Elon Musk says he wants to turn one of Twitter’s San Francisco buildings into a homeless shelter. The building’s owners rejected the plan, he told the BBC. “If the building owner lets us, we’ll do it.” Musk recently painted over the “W” on the office’s logo to turn the company’s name to “Titter.” Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Twitter owner Elon Musk has claimed that he wants to turn one of the company’s San Francisco buildings into a homeless shelter, but…
It’s been about 3 ½ months since I took profits in CSX Corporation (NASDAQ:CSX) in an article with the very creative title “Taking Profits in CSX.” Since then, CSX stock is down about 2.7% against a gain of 6.75% for the S&P 500. I am intrigued by this 9.5% underperformance, because I like stocks that underperform, at least in the short term. I want to decide whether or not it makes sense to buy back in based on the latest financial results, and comparing those to the valuation. It’s time again for the “thesis statement” paragraph. I provide one of…
Boeing said on Thursday that a production issue would affect its ability to deliver a “significant” number of 737 Max jets, worsening aircraft shortages for airlines around the world.The aerospace manufacturer said supplier Spirit AeroSystems had used a “non-standard” process when installing two fittings in the fuselage of certain models of the narrow-body jet, creating the possibility that it might not comply with specifications laid out by aviation regulators.Shares of the company fell more than 5 per cent in after-hours trading. Spirit stock fell more than 11 per cent.Boeing said the planes can still operate safely, but “the issue will…
