Tag: business news
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Scam victims can owe taxes on stolen money. A bill in Congress could offer relief
A bill in the House would restore a pre-2018 rule that generally allowed a tax deduction for theft losses and would add other relief for fraud victims.
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How are prediction markets taxed? The IRS hasn’t provided guidance yet
Experts say the lack of federal guidance makes it’s unclear on how prediction markets winnings should be reported and levied.
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Leather jacket worn by Nvidia CEO goes for just under $1 million at Sotheby’s auction
The high price for the garment is a sign that collectors are looking to bid on artifacts and collectibles from the artificial intelligence boom.
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FAA lets Boeing sign off on 737 Max, 787 airworthiness certificates again
The move is a vote of confidence in Boeing from the U.S. government.
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Tesla’s charts point to a decline ahead, says Carter Worth
The technical analyst breaks down where he sees Tesla shares going.
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Anthropic in early talks with Meta to acquire compute power
The talks come weeks after Anthropic announced a similar deal with Elon Musk’s SpaceX to use the computing capacity at its Colossus 1 data center
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SpaceX has tumbled below its IPO price. How Jeff Kilburg is trading for a potential rebound
The CEO of KKM Financial breaks down this bullish risk reversal.
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Amazon’s Zoox issues software recall after robotaxi drove into heavy smoke
Last month, an unoccupied Zoox robotaxi drove into an active emergency fire scene that was clouded with smoke, the company said.
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Dow member 3M reports earnings next week. JPMorgan is bullish ahead of the report
The bank upgraded the Dow Jones Industrial Average component to overweight from neutral.
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Netflix earnings were a ‘murky mosaic.’ Analysts say stock upside will be limited by growth concerns
Several shops on the Street lowered their price targets on Netflix’s shares following the streaming platform’s earnings report on Thursday.
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