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IRS says beats US tax filing season service goals, needs funding sustained

15 Apr 2024

By David Lawder WASHINGTON (Reuters) – The Internal Revenue Service started tax filing deadline day on Monday by announcing that it had exceeded its goals for speeding assistance to taxpayers and cutting phone hold times to three minutes, and underscoring the need for Congress to maintain adequate funding for the tax agency. THE TAKE: The …

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Analysis-When Facebook blocks news, studies show the political risks that follow

14 Apr 2024

By Byron Kaye (Reuters) – Since Meta blocked links to news in Canada last August to avoid paying fees to media companies, right-wing meme producer Jeff Ballingall says he has seen a surge in clicks for his Canada Proud Facebook page. “Our numbers are growing and we’re reaching more and more people every day,” said …

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Surging US energy shares reflect robust growth, inflation worries

14 Apr 2024

By Lewis Krauskopf NEW YORK (Reuters) -U.S. energy shares are soaring as investors benefit from rising oil prices and a stronger-than-expected economy, while seeking to protect their portfolios from a feared resurgence of inflation. The S&P 500 energy sector is up about 17% in 2024, roughly doubling the broader index’s year-to-date return. Its gains have …

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Bitcoin down by 7.9% to $61,842

13 Apr 2024

(Reuters) -Bitcoin fell 7.9% to $61,842 at 21:00 GMT on Saturday, losing $5,308 from its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is down 16.2% from the year’s high of $73,794 on March 14. Ether, the coin linked to the ethereum blockchain network, fell 9.18% to $2,930 on Saturday, losing $296.1 from its …

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Software giant Salesforce in advanced talks to buy Informatica

13 Apr 2024

By Anirban Sen (Reuters) -Customer relations software maker Salesforce is in advanced talks to acquire Informatica, a person familiar with the matter told Reuters on Friday, in the latest sign of increased deal-making in the technology sector. A deal could be announced soon, said the source, who requested anonymity as the discussions are confidential. The …

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Coinbase asks to appeal part of case against US SEC

13 Apr 2024

WASHINGTON (Reuters) – Coinbase asked two courts for permission on Friday to appeal part of its ongoing lawsuit with the U.S. Securities and Exchange Commission (SEC) in an effort to more quickly obtain a ruling on whether digital assets resemble investment contracts. (Reporting by Hannah Lang)

US issues auto dealers over $580 million in advance EV tax rebates this year

13 Apr 2024

By David Shepardson WASHINGTON (Reuters) -The U.S. government has reimbursed auto dealers for more than $580 million in advance point-of-sale consumer electric vehicle (EV) tax credit payments since Jan. 1, the Treasury said on Friday. Prior to 2024, U.S. auto buyers could only take advantage of the new EV credit of up to $7,500 or …

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NYCB replaces CFO with banking industry veteran Gifford

13 Apr 2024

(Reuters) -New York Community Bancorp on Friday named banking industry veteran Craig Gifford as its finance chief to succeed John Pinto, as it tries to shore up investor confidence after disclosing faults in its financial reporting earlier this year. The embattled lender did not disclose the details of Pinto’s departure in its statement, which also …

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