IRS Extends Reprieve for PayPal and Venmo Users, Delaying $600 Reporting Threshold
On Tuesday, the agency said that it is once more postponing the enforcement of a 2021 regulation that mandates that payment companies like Venmo, Paypal, or Cash App issue 1099-K tax forms to anyone who received more than $600 in the current tax year.
Nov 23, 2023 10:06 AM EST
UK Payments Report Challenges Mastercard and Visa Dominance, Seeking Alternatives for a Fairer Market
A report commissioned by the government on Wednesday stated that Britain needed a "digital alternative" to depending on Visa and Mastercard for card payments.
Sam Altman Makes Stunning Return to OpenAI Helm After Brief Ouster
The former CEO of ChatGPT creator OpenAI will return to the business that dismissed him just days ago.
Temasek Issues Alert Over Imposter Agents in China Shilling Bogus Investments
Temasek Holdings, a Singaporean company, issued a warning about potential scams involving the sale of financial instruments or goods to naïve people under the guise of the company's Shenzhen, China, office.
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Retailers with Flexible Policies Gain Customer Loyalty
Stores that provide generous return policies can win over loyal customers and allay Christmas buyers' fears about squandering money on unneeded items.
Nov 22, 2023 9:53 AM EST
Binance CEO's Guilty Plea and $4 Billion Fine Signal Crackdown on Crypto Money Laundering
Zhao resigned as the CEO of the business, and Binance acknowledged breaking the Bank Secrecy Act as well as possibly breaking sanctions laws by failing to set up procedures for reporting suspicious transactions.
Nov 22, 2023 8:00 AM EST
UniCredit Merger with Amundi Faces Uncertainty as Amundi Considers Better Terms
Amundi is considering providing UniCredit better conditions in order to renew a distribution agreement that binds the French asset management to the Italian bank and its largest international market.
Nov 21, 2023 10:17 PM EST
Debt-Free Holidays: Steps to Slash Your Credit Card Burden Before Shopping Sprees
Before the holidays, when money is most required, many people find themselves in a financial rut due to the present credit card interest rates, which are often about 20 percent.
Nov 21, 2023 8:50 AM EST
McDonald's Deepens China Commitment with Carlyle Deal, Boosting Minority Stake
McDonald's is acquiring Carlyle's interest in its China operations, boosting its minority ownership from 20 percent to 48 percent.
Nov 21, 2023 7:40 AM EST
SMBC Places Massive Order for 60 Airbus A320neo Planes
The second-largest aircraft leasing company in the world, SMBC Aviation Capital, said on Tuesday that it has placed an order for 60 Airbus A320neo family aircraft, without providing any financial information about the transaction.
Nov 21, 2023 7:00 AM EST
From Triumph to Turmoil: OpenAI's Dramatic Weekend of CEO Ouster and Microsoft Hire
The revelation that four members of the company's board had fired CEO Sam Altman startled the IT industry on Friday.
Nov 21, 2023 6:18 AM EST
Microsoft Hires ChatGPT Creator OpenAI's Ousted CEO, Fueling Tensions at the AI
The business that built ChatGPT was thrown into disarray Monday after Microsoft recruited its dismissed CEO and several staff vowed to join him in a disagreement over how to construct artificial intelligence smarter than humans.
Nov 20, 2023 8:41 PM EST
El Nino's Sweet Revenge: Sugar Prices Soar as Crops Wither
The world's sugar prices are at their highest point since 2011, mostly as a result of reduced global supply following extremely dry weather that harmed harvests in Thailand and India, the second and third-largest sugar producers.
Nov 19, 2023 8:18 PM EST
Thanksgiving Feast Costs Ebb and Flow, Still Above Average in 2023
You may thank the turkey for saving money on your Thanksgiving feast preparation this year. You may thank the turkey for saving money on your Thanksgiving feast preparation this year.
Nov 19, 2023 9:48 AM EST
Meta's Disinformation Woes Fuel Business Opportunities for Former Employees
The issue is made worse by the fact that, as part of larger cost-cutting initiatives that started late last year and will continue until 2023, Meta, Alphabet, the parent company of Google, and X, previously Twitter, have all removed positions related to content moderation, trust, and safety.
Nov 19, 2023 9:17 AM EST
Citigroup Set to Announce Management Changes and Layoffs on Monday
Citigroup workers may anticipate announcements regarding management changes and layoffs on Monday as part of the bank's extensive restructuring.
Nov 18, 2023 6:25 AM EST
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