The White House’s endorsement of a bill that would give the Biden administration new powers to restrict or ban TikTok in the United States marks a significant shift in the White House’s approach to the Chinese-owned social media app.
The Internal Revenue Service plans to delay this year’s tax filing deadline by roughly a month, to mid-May. Democratic Reps. Bill Pascrell of New Jersey and Richard Neal of Massachusetts, the chairman of the House Ways and Means Committee, said that the new deadline would be May 17. The IRS late Wednesday put out a statement confirming […]
As welcome as the American Rescue Plan is for many people, the fact that it was signed into law in the middle of tax filing season raises a number of questions. That’s because some provisions may affect how you should prepare your 2020 tax return, including calculating the size of your refund. And nearly 56 million people have already filed […]
The Dow on Friday reached 29,000 points for the first time, as stocks climbed across the board. The Dow rose as much as 44 points, or 0.2%, to cross 29,000 points, but shortly after, it fell back below the key level. The index fell just short of that mark at Thursday’s close, but still finished […]
U.S. stocks plunged on Monday in their worst day of Christmas Eve trading ever, as the S&P 500 entered a bear market. The Dow Jones Industrial Average dropped by 653 points Monday in volatile trading, falling below 22,000. The Dow sank more than 2 percent, then recovered nearly all of the day’s losses, before again […]
