More than 72 million American households will pay no federal income taxes this year, marking a large decline from last year, according to a new analysis. An estimated 72.5 million households — o...
Tag: Federal
Federal Reserve Chairman Jerome Powell Faces Political Pressure Over Interest Rate Hikes – Economics Bitcoin News
U.S. Senator Sherrod Brown has asked Fed Chair Jerome Powell not to forget the Federal Reserve’s “dual mandate” when making decisions about hiking interest rates at the next Federal Open Market Commit...
Aussie federal budget reaffirms BTC won’t be treated as foreign currency
The first federal budget under the Anthony Albanese led-government has outlined that Bitcoin (BTC) will continue to be treated as a digital asset, and not taxed like a foreign currency. This clarifica...
Tesla Under Federal Criminal Investigation Over Self-Driving Car Claims, Report Says
Topline The Justice Department is pursuing a criminal probe over Tesla’s claim that its vehicles can drive themselves, according to Reuters, in the latest legal snarl for the automaker involving...
Sen. Bob Menendez Under Federal Investigation—Again
Topline Sen. Bob Menendez (D-N.J.) is under federal investigation, his advisor confirmed Wednesday, seven years after the senator was previously indicted for alleged bribery and corruption—which prose...
Australia’s Watchdog ASIC Suing BFS Financial Limited in a Federal Court – crypto.news
The Australian corporate watchdog has filed a lawsuit against the Gold Coast-based entity that controls the digital currency, Qoin, claiming that it misled or otherwise deceived over 80,000 users. The...
Is The Debt Ceiling The Only Remaining Institution Capable Of Shrinking The Federal Government?
Even before the pandemic episode, spending on debt service threatened to rival the entire federal defense budget. WASHINGTON, DC – JULY 25: U.S. President Joe Biden listens as Communications Wor...
IRS releases new federal tax brackets and standard deductions. Here’s how they affect your family’s tax bill.
America’s high inflation rate will produce a 7% increase in the size of the standard deduction when workers file their taxes on their 2023 income, according to new inflation adjustments from the Inter...
Memes With Kanye And Trump, Joking With A Former Russian President And A Possible Federal Probe
Topline The world’s wealthiest man Elon Musk had yet another eventful week, chumming up to Kanye West even as the rapper comes under fire for a series of antisemitic comments, trading barbs with Russi...
Can Republicans Learn To Fight The Federal Reserve?
Ask Republicans—who will win both houses of Congress next month—what to do about inflation, and they’ll reply: “Cut spending.” They might add cut taxes and regulations so the economy can produce more ...
Celsius’s Troubles Keep Getting Worse as Federal Investigators Zero In on Failed Lending Firm
Alex Dovbnya The beleaguered cryptocurrency lending firm is facing investigations in various cryptocurrency states Embattled cryptocurrency lender Celsius is under federal investigations, Bloomberg re...
Bankrupt Crypto Lending Platform Celsius Faces Federal Investigation, According to Court Documents
New court documents reveal that bankrupt crypto lending platform Celsius is facing a federal investigation as well as inquiries in 40 US states. According to a recent filing, Celsius faces a “signific...
Celsius Network attracts Federal investigation- Details you need to know
Crippled crypto lender Celsius Network is reportedly facing a federal investigation in the United States. As per a filing made by the Celsius Official Committee of Unsecured Creditors (UCC), the defu...
Bankrupt Crypto Lender Celsius Hit by Federal Investigations
Celsius has been one of the more high-profile casualties of a sharp sell-off in the crypto market that was triggered in part by May’s collapse of the Terra blockchain. The now-bankrupt crypto lender’s...
Federal Investigations Against Bankrupt Crypto Lender Celsius –
9 seconds ago | 2 mins read Exchange News The company has received inquiries from the SEC, CFTC and FTC. A federal grand jury subpoena was issued to the firm. US federal investigations are being cond...
Here Is the New Standard Deduction and Federal Income Tax Brackets For 2023
The IRS has announced inflation adjustments to the standard deduction and other tax provisions for the 2023 tax year. The standard deduction for married couples filing jointly for tax year 2023 will r...
Here are the federal income tax rates and brackets for 2023
The IRS released inflation-adjusted marginal rates and brackets for 2023 on Tuesday, and many workers will see higher take-home pay in the new year as less tax is withheld from their paychecks. Additi...
American Airlines pilot union prepares to seek federal mediation in contract talks
American Airlines jet parked at LaGuardia International Airport in New York. Adam Jeffery | CNBC American Airlines‘ pilot union is taking steps toward seeking federal mediation in contract nego...
Twitter court filing claims that Elon Musk is under federal investigation
Join Our Telegram channel to stay up to date on breaking news coverage Elon Musk, the CEO of Tesla and SpaceX, is under investigation by federal authorities regarding his $44 billion deal to buy Twitt...
Federal Reserve governor is skeptical of a US CBDC
Join Our Telegram channel to stay up to date on breaking news coverage The United States has been dragging its feet in launching a central bank digital currency (CBDC). The US Federal Reserve Board go...
Bankrupt Crypto Lender Subpoenaed by Federal Prosecutors
Wahid Pessarlay Celsius Network faces high scrutiny from the U.S. federal prosecutors Bankrupt crypto lending company Celsius Network is subpoenaed by U.S. federal prosecutors, according to a Financia...
Elon Musk Under Federal Investigation, Why Might It Be Crucial for DOGE Army?
Yuri Molchan Tesla boss is reportedly being investigated again, it might impact future Dogecoin adoption Reuters has reported that Tesla chief Elon Musk is now under investigation by federal authoriti...
The Celsius Network Required To Provide Evidence To US Federal Prosecutors
The Celsius network was ordered to appear in court to provide evidence due to the company freezing users’ accounts in June. The United States’ Federal prosecutors said that the Celsius network trapped...
Federal Reserve Governor Expresses Skepticism About the Utility of a US Central Bank Digital Currency (CBDC)
One Federal Reserve governor isn’t convinced it is worth it for the US to develop a central bank digital currency (CBDC). Christopher J. Waller, one of the seven members of the Fed’s Board of Governor...
Twitter looking for documents linked to federal investigation of Elon Musk
On Thursday, Twitter has issued its court petition. The petition states that it is attempting to get documents from Elon Musk regarding the federal investigation into the Tesla Chief executive o...
Elon Musk is Under Federal Investigation Over Twitter Deal
The billionaire Tesla and SpaceX boss Elon Musk is being investigated by Federal authorities regarding his conduct around his $44 billion deal to buy Twitter. That’s according to a recent filing from...
Federal Reserve Races To Take Down The S&P 500 And Break The World
As the Federal Reserve hastily withdraws the powerful tide of easy money that kept the U.S. economy buoyant through the worst of Covid, the deepening bear market for the S&P 500 and other stock in...
This is how high interest rates might rise, and what could scare the Federal Reserve into a policy pivot
The stock market’s reaction to the latest inflation report Thursday underlined just how confused and fearful investors are. The S&P 500 SPX, +2.60% plunged as much as 3% shortly after the open as ...
Elon Musk ‘Presently’ Under Federal Investigation Over Twitter Deal, Company Alleges
Topline Lawyers representing Twitter claimed in a legal filing that Elon Musk is “presently under investigation by federal authorities for his conduct in connection with the acquisition of Twitt...
The Most Important Statement From The Federal Reserve Meet
The Federal Reserve released the minutes of the September FOMC meeting. The Federal Open Market Committee is responsible for the monetary policy-making of the US. In a chilling statement, the Fed stat...
‘From Bambi to Godzilla.’ Strategist David Rosenberg skewers the Federal Reserve as he sees a 30% hit to home prices and the S&P 500 returning to an early 2020 low
The last time David Rosenberg shared his outlook for the U.S. stock market and the economy with MarketWatch, in late May, it was depressing enough. Rosenberg is the widely followed president and chief...