Scam victims can owe taxes on stolen money. A bill in Congress could offer relief
For victims of fraud, a second financial blow sometimes comes their way — they owe taxes on the stolen money.
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Warsh believes America's $700B AI buildout will lower prices — but his colleagues warn it will fuel persistent inflation
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Read more →A Fat 13% Yield From the Russell 2000? Meet the Covered-Call Fund Betting Against Big Tech
IWMI writes covered calls against the Russell 2000 to deliver a 13% yield, giving income investors a small-cap alternative to mega-cap tech funds.
Read more →World Cup audience stayed bipartisan despite Trump's prominent role, CNBC survey finds
President Donald Trump made the World Cup one of the most visible political stages of his second term. But the tournament's U.S. audience remained strikingly bipartisan, according to the latest CNBC All-America Economic…
Read more →How a homegrown Chinese chip maker became the memory industry’s biggest wild card
There may be no more important question for the West’s competitive position in advanced industries than whether China is becoming a rival innovator. While the evidence suggests it hasn’t yet taken the overall lead, it h…
Read more →Forget gasoline: Why the price surge in this under-the-radar fuel is the real threat to the U.S. economy
The U.S. announced the names of four soldiers who were killed by an Iranian drone on Sunday. The leader of the U.S. Central Command said more than 50,000 troops, 200 fighters, two aircraft carriers and bombers were part…
Read more →This may be the real reason USDA made a huge revision to its beef-export sales data
Meatpacking is a concentrated industry, with a few firms accounting for most production. Across the entire U.S. economy as well as in agribusiness, industry concentration has reemerged as a policy issue. In 2020, the Ho…
Read more →'WarshGPT': How Wall Street is adapting to the Fed's new era of communication
F/m Investments' Washington, D.C., office is just a short drive from the Federal Reserve's headquarters. But under the central bank's new leadership, CEO Alexander Morris has found the distance feeling far greater.
Read more →How are prediction markets taxed? The IRS hasn’t provided guidance yet
As prediction markets grow in popularity, traders are facing a key question: The Internal Revenue Service hasn't shared any details on how their winnings are to be taxed.
Read more →Korean beauty products are becoming mainstream in the U.S. Why there may be even more growth ahead
On opening weekend, the leading South Korean beauty retailer's new store in Pasadena, California, had 6,000 customers move through its doors, and it currently sees an average of more than 1,600 visitors per day, the com…
Read more →Will the Fed hike interest rates this month?
In his first public comments since the Federal Open Market Committee (FOMC) meeting in June, new Fed Chair Kevin Warsh stated that “prices are too high” while speaking at the ECB (European Central Bank) Forum on Central…
Read more →My mom has no savings, but needs assisted living. Are Social Security and Medicaid enough?
Older adults in the U.S. are sounding the alarm on their concerns about the healthcare system. The John A. Hartford Foundation reports that 56% of older adults say it is difficult and stressful to navigate the health ca…
Read more →Google Cloud Revenue Grew 63% Last Quarter. Here's Why That Number Matters More Than Alphabet's Ad Business Right Now.
Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) is a digital advertising juggernaut. That goes without saying. In the first quarter, it collected $77.3 billion in ad revenue, up 16% year over year and representing 70% of the co…
Read more →U.S. military says it has completed the latest round of strikes against Iran, amid more disruptions to shipping
The U.S. military said early Saturday it ended a seventh straight night of strikes against Iran, as Kuwait and Bahrain reported attacks by Iranian projectiles and commercial shipping continued to face disruptions.
Read more →Iran renews attacks on Gulf states after another night of US strikes
The United States and Iran traded another round of overnight attacks as fighting spread across the Gulf, with Tehran claiming strikes on military, intelligence and fuel-support facilities in Bahrain and Kuwait and regio…
Read more →Trump says China obtained 220 million US voter files ahead of 2020 election
In a July 16 prime-time speech that warned of “shocking vulnerabilities in our election infrastructure,” President Donald Trump cast doubt on the country’s ability to hold “free and fair elections” but offered no eviden…
Read more →Robinhood Targets 27.6M Customers as Chain Moves Beyond Memecoin Rush
Robinhood Markets (NASDAQ: $HOOD) is trying to turn its 27.6 million funded customers into an onchain distribution advantage as Robinhood Chain moves beyond its opening burst of memecoin trading.
Read more →US military says it completed latest strikes on Iran, marking 7th consecutive night of attacks
Follow updates on the war in the Middle East for Wednesday, July 15, here. See earlier developments below.
Read more →Cattle Continues Slide into the Weekend on Weaker Cash and Beef
Live cattle futures posted losses of 97 cents to $2.67 across most contracts on Friday. August was down $10.77 this week. Cash trade settled in at $238-240 in the north this week, with Southern trade at $237-238. Feeder…
Read more →Meta and Anthropic Discuss $10B AI Infrastructure Agreement
Meta Platforms Inc. (NASDAQ: $META) is in talks to lease as much as $10 billion of computing capacity to Anthropic, opening a possible path into the AI cloud market as demand for chips and data center access continues t…
Read more →Meet Kimi K3, the newest Chinese AI model haunting Silicon Valley
A high bar is set for Q2 results. Plus: A sector that could surprise, what to watch in big bank earnings, and the World Cup’s effect on the US economy.
Read more →Brazil justice suspends visits to ex-President Bolsonaro for 30 days
Brazilian Supreme Court Justice Alexandre de Moraes suspends use of law to reduce prison sentences, pending further review.
Read more →Does ‘token shock’ hurt AI adoption?
The "tokenmaxxing" trend has drawn scrutiny from auditors and risk officers, who are now conducting deeper reviews of how artificial intelligence tokens are consumed, not just how many are used. As enterprises grapple w…
Read more →Corn Sees a Late Push to Close Near the Highs on Friday
Corn futures shrugged off the early weakness on Friday to close near the highs of the day, up 2 ¼ to 3 ½ cents across most contracts. September was 5 ¼ cents higher on the week with December up 6 1/2. The CmdtyView nati…
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