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Daily News

Below please find daily updates pertaining to the latest in financial, business, and tax news:

Taxpayer Advocate Service Feed

NTA Blog: A Creative LITC Partnership to Better Serve Taxpayers: These Superheroes Change in a Museum – Not a Phone Booth!

Thu, May 06, 2021

The post NTA Blog: A Creative LITC Partnership to Better Serve Taxpayers: These Superheroes Change in a Museum – Not a Phone Booth! appeared first on Taxpayer Advocate Service. ...

TAS Tax Tips: Keep safe on social media at tax time – Don’t post or message tax info

Wed, May 05, 2021

The post TAS Tax Tips: Keep safe on social media at tax time – Don’t post or message tax info appeared first on Taxpayer Advocate Service. ...

NTA Blog: Public Service Recognition Week: Thank you to all public servants, including our TAS and IRS employees, for their outstanding service

Mon, May 03, 2021

The post NTA Blog: Public Service Recognition Week: Thank you to all public servants, including our TAS and IRS employees, for their outstanding service appeared first on Taxpayer Advocate Service. ...

NTA Blog: Paycheck Protection Plan Loan Forgiveness and Deductibility of Associated Expenses

Thu, Apr 29, 2021

As part of a suite of measures to provide small businesses relief from the impact of COVID-19, Congress established the […] The post NTA Blog: Paycheck Protection Plan Loan Forgiveness and Deductibility of Associated Expenses appeared first on Taxpayer Advocate Service. ...

NTA Blog: 2021 Filing Season Bumps in the Road: Part II

Tue, Apr 27, 2021

The post NTA Blog: 2021 Filing Season Bumps in the Road: Part II appeared first on Taxpayer Advocate Service. ...

NTA Blog: 2021 Filing Season Bumps in the Road: Part I

Thu, Apr 22, 2021

The post NTA Blog: 2021 Filing Season Bumps in the Road: Part I appeared first on Taxpayer Advocate Service. ...

TAS Tax Tips: Early information about Advanced Child Tax Credit payments under the American Rescue Plan Act

Tue, Apr 20, 2021

The post TAS Tax Tips: Early information about Advanced Child Tax Credit payments under the American Rescue Plan Act appeared first on Taxpayer Advocate Service. ...

Blog de la NTA: Los contribuyentes pueden presentar una declaración de impuestos sustitutiva de 2020 que cambie su elección de presentación conjunta para recibir el tercer pago de impacto económico

Tue, Apr 20, 2021

The post Blog de la NTA: Los contribuyentes pueden presentar una declaración de impuestos sustitutiva de 2020 que cambie su elección de presentación conjunta para recibir el tercer pago de impacto económico appeared first on Taxpayer Advocate Service. ...

NTA Blog: Taxpayers may file a 2020 superseding return changing their joint filing election to receive the third economic impact payment

Tue, Apr 20, 2021

The post NTA Blog: Taxpayers may file a 2020 superseding return changing their joint filing election to receive the third economic impact payment appeared first on Taxpayer Advocate Service. ...

TAS Tax Tips: Recovery Rebate Credit and Economic Impact Payment information you might need to know

Thu, Apr 15, 2021

The post TAS Tax Tips: Recovery Rebate Credit and Economic Impact Payment information you might need to know appeared first on Taxpayer Advocate Service. ...

Reuters News

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Fox Business news

Stock futures steady ahead of jobs report

Fri, May 07, 2021

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News Corp revenue rises on real estate and publishing growth

Fri, May 07, 2021

News Corp reported 3% revenue growth for the quarter that ended in March, driven by positive foreign-exchange fluctuations plus solid growth at the company’s digital real estate, book publishing and Dow Jones units....

Beyond Meat burned by COVID-19 restaurant trends

Fri, May 07, 2021

Beyond Meat shares sank on Thursday as the company explained pandemic pressures caused it to fall short of earnings expectations....

Peloton CEO apologizes for Tread+ issues as company will temporarily halt treadmill sales

Fri, May 07, 2021

The revenue impact from the Tread and Tread+ recall is expected to be approximately $165 million, and the pause in Tread and Tread+ deliveries will negatively impact Peloton's revenue by approximately $105 million, according to chief financial officer Jill Woodworth....

Peloton’s bike wait time back to pre-COVID-19 levels

Thu, May 06, 2021

Peloton reported revenue growth of $1.26 billion in the quarter, up 141%, driven by strong demand for its Connected Fitness Products, an acceleration of deliveries and low churn levels....

AMC theaters CEO: Movie-going is coming back

Thu, May 06, 2021

AMC Entertainment Holdings Inc. reported a loss for the first quarter, but the loss narrowed compared with recent periods as life in the U.S. starts to get back to normal amid increased Covid-19 vaccinations....

Melinda Gates divorce payday nears $2.4B after Coca-Cola FEMSA transfer

Thu, May 06, 2021

Melinda Gates now has a larger stake in two Mexican bellwethers....

How Peloton's treadmill recall may impact future demand, consumer trust

Thu, May 06, 2021

Peloton will report its third-quarter earnings on Thursday when the market closes following the company voluntarily recalling both of its treadmill products, which sank shares to the lowest levels since September....

SEC's Gensler on GameStop, cryptos: LIVE updates

Thu, May 06, 2021

GameStop and cryptocurrencies led SEC Chair Gary Gensler's first official appearance on Capitol Hill....

Amazon's Jeff Bezos sells $2B in stock

Thu, May 06, 2021

As Amazon’s Bezos prepares to step aside he is selling billions in stock....

CNN News

With the inventory of homes for sale low and prices higher than ever, the battle to buy a home has been taken to a whole new level

Thu, May 06, 2021

With the inventory of homes for sale historically low and prices higher than ever, the battle to buy a home has been taken to a whole new level. ...

Major cruise ship company may avoid Florida if state doesn't permit Covid-19 vaccination checks, CEO says

Fri, May 07, 2021

Florida's new law prohibiting businesses from asking whether employees or customers have been vaccinated against Covid-19 may take a toll on its cruise business. ...

Steel prices have tripled. Now Bank of America is worried

Thu, May 06, 2021

A bubble could be brewing in steel stocks. ...

The US eyes possible 'Roaring '20s' recovery

Thu, May 06, 2021

Stock market hitting record highs, booming construction and rampant spending on consumer goods. Economists say we may be in for a second Roaring Twenties, but does that mean we are in for the same stark ending? CNN's Clare Sebastian reports. ...

South Carolina and Montana to end all pandemic unemployment benefits for jobless residents

Fri, May 07, 2021

South Carolina is joining Montana in ending federal pandemic unemployment benefits for its residents next month. The Republican governors of both states say the enhanced jobless programs are dissuading people from returning to the workforce and are creating labor shortages. ...

Mortgage rates are falling again

Thu, May 06, 2021

• • Germany resists calls to waive Covid vaccine patents ...

Opinion: I have some news for my young peers on vaccination

Thu, May 06, 2021

I am a healthy 26-year-old who has already received two doses of the Moderna Covid-19 vaccine. I felt it was important for me to get the shot -- not only would it powerfully build up my immunity to the novel coronavirus, but it would also help protect those around me. ...

Jen Psaki says she talked with the Biden transition team about a roughly one-year term

Thu, May 06, 2021

• US weighs unfreezing $1 billion in Iranian funds ...

Stark contrast between White House and GOP activity this week

Fri, May 07, 2021

• As Trump loyalty trumps ideology, conservatives hold their noses for Stefanik • Analysis: Why Republicans won't walk away from the 'Big Lie' ...

Atlanta Mayor Keisha Lance Bottoms won't run for reelection

Fri, May 07, 2021

A source close to Atlanta Mayor Keisha Lance Bottoms tells CNN that she will not be running for reelection. ...

The Wall Street Journal

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