Author: Daniel snow
Business-to-business accounts payable spending in midsize cities has significantly outpaced larger cities. Here’s why. Source link
OpenAI’s logo is on an Indy car and Perplexity has a deal with Lewis Hamilton. How the racing industry is tapping into AI. Source link
Sportsbooks like DraftKings and FanDuel are taking wagers on the famous Fourth of July eating contest — and interest is especially strong after Chestnut was banned last year. Source link
House Republicans on Thursday voted to pass President Donald Trump’s massive budget bill, making good on a promise to deliver the legislation to the president’s desk by July 4.The bill promises continuity for taxpayers by permanently extending the cuts from the 2017 Tax Cuts and Jobs Act as well as a raft of new cuts, including breaks for tipped and overtime income.The new law also includes a throwback: an above-the-line deduction on charitable contributions.The bill allows taxpayers who don’t itemize to deduct up to $1,000 for single filers and $2,000 for married couples filing jointly.”This could provide some tax savings…
The Federal Reserve is likely to resume lowering interest rates in September, but it won’t be an easy call for the central bankers, economists said Thursday in the wake of the June jobs report. Source link
President Donald Trump’s landmark spending bill is ready to be signed into law after Republicans in both chambers of Congress eked out the necessary votes ahead of the GOP’s self-imposed July 4 deadline to send the legislation to the president’s desk.At its core, the bill permanently extends the tax cuts introduced in the 2017 Tax Cuts and Jobs Act while introducing a raft of new breaks. Some, such as an expanded child tax credit and an above-the-line deduction for charitable contributions, are permanent changes to the tax code. Others are slated to expire in 2028, at the end of Trump’s…
Tax breaks in the megabill, like no taxes on tips and overtime, only apply to people at certain income levels. Source link
The S&P 500 and Nasdaq Composite tallied fresh record closing highs on Thursday, buoyed by a stronger-than-expected jobs report that helped dampen expectations for a Federal Reserve interest-rate cut in July. Source link
Beijing must be delighted by how the U.S. is surrendering the future of electricity to it. Source link
Wall Street will be watching to see how new Treasury supply to fund the U.S. deficit will be absorbed. Source link