Category: Business
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IRS releases inflation adjustments for 2023 — here’s how it could impact your tax bill
The Internal Revenue Service (IRS) changed its tax brackets for 2023 to factor in high inflation, and it could bring tax savings for some Americans, experts said. (iStock) Amid high inflation and rising costs, Americans could be in store for a slight tax relief next year. The Internal Revenue Service (IRS) announced the inflation-adjusted tax…
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The 40-year evolution from 🙂 to 😂
New York CNN Business — At 11:44 a.m. on September 19, 1982, Scott Fahlman made internet history by stitching together a colon, a hyphen and a close parenthesis. Fahlman, a computer science professor at Carnegie Mellon University, posted “: – )” on the school’s online bulletin board, a primitive kind of social network accessible only…
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Émigrés Are Creating an Alternative China, One Bookstore at a Time
On a rainy Saturday afternoon in central Tokyo, 50 or so Chinese people packed into a gray, nondescript office that doubles as a bookstore. They came for a seminar about Qiu Jin, a Chinese feminist poet and revolutionary who was beheaded more than a century ago for conspiring to overthrow the Qing dynasty. Like them,…
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Twitter adds 'official' labels to select verified accounts – then reverses course
Fox News contributor Jason Chaffetz weighs in on social media’s impact on elections and politics on ‘Fox Business Tonight.’ Twitter’s gray “official” labels for high-profile verified accounts was apparently short-lived. The social media giant announced the additions on Tuesday, which were supposed to designate whether the company had verified the authenticity of an account. Changes…
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Q4 GDP revised down slightly – here's what that means for interest rates
<!–> –> <!–> –> The second estimate for GDP in the fourth quarter stayed relatively the same on this week’s second reading. (iStock) The second estimate for real gross domestic product (GDP) in the fourth quarter of 2023 was revised slightly downward, partly driven by less private inventory investment than was initially estimated, according to the Bureau…
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Analysis: Enjoy your Airbnb — just don't forget to do the laundry and take out the trash
But renters are getting increasingly fed up with lists of do’s and don’ts that await them inside. Strip the beds, wash the linens, load and unload the dishwasher, water the plants, mow the lawn, don’t touch the record collection… And that’s on top of triple-digit cleaning fees. The backlash against persnickety hosts is growing, according…
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Virginia Gov. Glenn Youngkin bans TikTok, WeChat on state networks and technology
White House press secretary Karine Jean-Pierre said during a briefing on Thursday that she has to “be very careful” when discussing legislation that would ban TikTok from government devices. Republican Virginia Governor Glenn Youngkin signed an executive order banning TikTok and WeChat from being used on state government technology. Youngkin signed the executive order on…
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Beyoncé announces 2023 ‘Renaissance’ world tour
Best albums of the decade Beyoncé is coming to a city near you. The singer took to Instagram on Wednesday to share that she will be going on a world tour for her “Renaissance” album – which is nominated for nine Grammy Awards this Sunday. “RENAISSANCE WORLD TOUR 2023,” she captioned a photo of herself…
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$4 gas could be coming — again
New York CNN Business — Here’s the bad news first: Gas prices are on the rise in most of the US and could soon hit a national average of $4 a gallon for the first time in two months. But the good news is prices might not stay there long, as they’re already falling in…
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Mortgage rates reach highest level in two decades – but homebuyers can find relief, analyst says
Mortgage rates increased last week, with the 30-year loan reaching “its highest level since April of 2002,” Freddie Mac said. (iStock) The 30-year mortgage rate reached a new high last week, “leading to greater stagnation in the housing market,” Freddie Mac said. The average rate for a 30-year fixed-rate mortgage increased to 7.08% for the…
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Oprah Winfrey's annual 'Favorite Things' list is here; see array of items from home décor to children's toys
Check out what’s clicking on FoxBusiness.com With a swift transition into November, celebrities and influencers alike are reminding everyone of the impending holiday season, and Oprah Winfrey’s annual “Favorite Things” list is out for public consumption. The billionaire business mogul and television host has a bevy of items, ranging from $16 to $900. Broken up…
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Here's why 75% of likely voters think we are in a recession — even though we're probably not
New York CNN Business — A new CNN poll shows that three-quarters of likely voters feel like the US economy is in a recession. It’s probably not, but that’s not the point. The technical definition of a recession is two consecutive quarters of economic contraction, which the US economy recorded in the first half of…
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Texas and Oregon cafés reportedly sell out of $150-per-cup coffee: 'That was fast'
Check out what’s clicking on FoxBusiness.com Two cafés in Texas and Oregon have reportedly sold out of the limited-edition coffee it was selling for $150 per cup, and the brand that operates the two locations say it did so in two days. Proud Mary Coffee Roasters, an Australian-owned coffee brand that has two retail locations…
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Rivian owners can't help but gush about their trucks, flaws and all
Washington, DC CNN — Denis Wang says he always hated the car-buying process — until he met Rivian. Buying the automaker’s R1T electric pickup was so wonderful that he says he drove 45 minutes to Rivian’s Irvine, California, office to take the Rivian employee who shepherded him through his purchase out for coffee. (Rivian pairs…
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Are you storing your wine properly? Here’s what it can cost—and save—you
The Duckhorn Portfolio CEO Alex Ryan discusses holiday wine sales and the threat of climate change to the industry on ‘The Claman Countdown.’ January is the month most commonly devoted to the making—and breaking—of resolutions. Mine was to improve my wine storage. My current storage conditions consist of two large wine racks for everyday wines…
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Elon Musk should relocate Twitter to Florida where it is 'welcome': Rep. Giménez
FOX Business host Stuart Varney argues Democrats and government officials turned Twitter into a mouthpiece for the left. EXCLUSIVE: GOP Rep. Carlos Giménez is urging new Twitter CEO Elon Musk to relocate his company from San Francisco, which he argues is “hostile” to free speech, to Miami-Dade, Florida, where he plans to welcome Twitter to…
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Growing number of retirees spending more than they can afford: survey — here’s how to save in retirement
Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. More than a quarter (27%) of…
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Eggs are getting less expensive—for stores, not shoppers
FOX Business’ Jeff Flock visits a Pennsylvania farm that rents chickens to customers looking to offset the high cost of eggs on ‘The Claman Countdown.’ Eggs are getting cheaper for retailers. For consumers, they are still expensive. Wholesale prices of Midwest large eggs have declined to $2.81 a dozen, according to research firm Urner Barry,…
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Netflix launches 'Basic with Ads' — its much anticipated commercial-supported plan
New York CNN Business — In 2019, Netflix said in a letter to shareholders “we… are advertising free,” and added that being commercial-free is a “deep part of our brand proposition.” That all changed Thursday when the streaming leader launched “Basic with Ads,” the platform’s much anticipated ad-supported subscription plan. The new tier will cost…