Supreme Court tax case could have sweeping federal policy effects, experts say

Supreme Court tax case could have sweeping federal policy effects, experts say

The Supreme Court in Washington, D.C. Celal Gunes | Anadolu Agency | Getty Images As the Supreme Court starts a new term, experts are closely watching a case that could have sweeping effects on the U.S. tax code, including corporate revenue and future wealth tax proposals. This summer, the high court agreed to hear Moore…

House Republicans push IRS for answers on processing pause for small business tax credit

House Republicans push IRS for answers on processing pause for small business tax credit

Rep. Jason Smith, R-Mo., speaks during a House Oversight and Accountability Committee impeachment inquiry hearing into U.S. President Joe Biden on Sept. 28, 2023. Jonathan Ernst | Reuters House Republicans are pressing the IRS for answers after the agency paused processing new claims for a pandemic-era small business tax break. Lawmakers voiced “continued concerns” about the…

How to buy insurance for a business so financial disaster doesn’t strike

How to buy insurance for a business so financial disaster doesn’t strike

Many Main Street businesses could be playing with fire — literally — by not maintaining appropriate levels of business insurance coverage, especially given the spate of natural disasters affecting multiple areas of the U.S. Skimping on property damage and business interruption coverage is understandable to some extent, given the cost. While the price of a…

AI is policing the package theft beat for UPS as ‘porch piracy’ surge continues across U.S.

AI is policing the package theft beat for UPS as ‘porch piracy’ surge continues across U.S.

A doorbell camera in Chesterfield, Virginia, recently caught a man snatching a box containing a $1,600 new iPad from the arms of a FedEx delivery driver. Barely a day goes by without a similar report. Package theft, often referred to as “porch piracy,” is a big crime business. While the price tag of any single stolen…

This Company Says Its Facial Recognition Could Be Used For Dating

This Company Says Its Facial Recognition Could Be Used For Dating

Clearview AI, the facial recognition company that claims it’s scraped 3 billion images from the internet to power its face-matching system, has proposed applying its technology to everything from policing to retail to dating, according to a 2020 patent application that became public on Thursday. The patent filing was made in August — three months…

An “Angry Mob” On Reddit Is Pushing Up GameStop’s Stock Price And Pissing Off A Bunch Of Wall Street Firms

An “Angry Mob” On Reddit Is Pushing Up GameStop’s Stock Price And Pissing Off A Bunch Of Wall Street Firms

By encouraging everyday investors, also known as retail investors, to buy up GME stock and increase its price, hedge funds would have to sell out in order to cut their losses from having shorted the stock, which increases the stock price even further. “Hedge funds are getting their asses kicked by the retail investor,” Lindzon…