Author: Press Room

The Voting Rights Act, a landmark law that has for decades protected Black Americans from attempts to erode their political power, was dealt one of its most significant challenges this week when a federal appeals court moved to strike down a crucial part of the legislation.But the ruling on Monday, which would block private citizens and civil rights groups from suing under a key provision of the law called Section 2, is just one of dozens of threats the law has faced: The Voting Rights Act has been under sustained legal and political assault since the day Lyndon B. Johnson…

WASHINGTON, DC – MAY 19: Erin Collins, national taxpayer advocate at the Taxpayer Advocate Service … [+] speaks at a Senate Appropriations Subcommittee hearing on Capitol Hill May 19, 2021 in Washington, D.C. (Photo by Samuel Corum-Pool/Getty Images)Getty Images It didn’t take long after the IRS announced an additional delay in enforcing the new $600 reporting threshold for Forms 1099-K (more here) to garner reactions across the country. National Taxpayer Advocate Erin Collins issued the following statement: The IRS’s decision to delay implementation of the new Form 1099-K reporting requirements is good news for taxpayers, tax professionals, and payment processors.…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A Toyota advert showing a large number of pick-up trucks driving across a river has been banned by the UK’s advertising agency on environmental grounds because it shows the vehicles driving off-road. The Advertising Standards Agency ruled that the clip showed “driving regardless of its purpose, across off-road environments and natural ecosystems, which had no regard for the environmental impact of such driving”. The 30-second advert shows a group of Hilux vehicles driving together in a herd-like formation across a plain, then through a…

© Reuters. FILE PHOTO: A telecom antenna of Spain?s telecom infrastructure company Cellnex is seen in Madrid, Spain, April 27, 2022. REUTERS/Susana Vera/File Photo By Andres Gonzalez and Amy-Jo Crowley LONDON (Reuters) – Mobile phone tower operator Cellnex will accelerate asset sales in a bid to get an investment grade credit rating by the middle of next year and is preparing for a wave of consolidation in the sector, CEO Marco Patuano told Reuters. The Spanish company, which has grown through acquisitions since listing in 2015, changed direction last year when rising interest rates forced it to re-focus on cutting…

© Reuters. FILE PHOTO: Figurines are seen in front of the Airbnb logo in this illustration taken February 27, 2022. REUTERS/Dado Ruvic/Illustration/File Photo TORONTO (Reuters) -Canada introduced tax measures on Tuesday to ease a severe rental housing shortage by limiting income tax deductions on short-term rentals on services such as Airbnb Inc and VRBO, joining many countries that are enacting similar laws. The new rules apply as of Jan. 1 in provinces and municipalities that bar short-term rentals, and affect deductions such as interest expenses, the federal government said in its fall economic statement. In Montréal, Toronto and Vancouver alone,…

JHVEPhoto Rite Aid (OTC:RADCQ) reportedly has until March 1 to complete its reorganization, a US bankruptcy court judge has ruled. The pharmacy chain had sought to have the hearing in February, arguing that the longer it remained in bankruptcy, the greater its chances of liquidating rather than finding a buyer. Two auctions have been slated for December, according to Bloomberg. Bloomberg added that some unsecured creditors and a group representing opioid victims have claimed the proceedings were moving too fast and didn’t give them sufficient time to review the $3.45B loan package that the company said it requires to reorganize.…

© Reuters. The Euro continued its ascent today, marking a fourth consecutive session of gains against a retreating US dollar, as market participants await the release of the Federal Open Market Committee (FOMC) minutes for further insights into future policy rates. In the early European trading hours today, the pair traded above key Exponential Moving Averages (EMAs), signaling a bullish trend, despite indications from the Relative Strength Index (RSI) suggesting the currency may be overbought and could face near-term consolidation. Investors are closely monitoring key resistance levels, with immediate focus on the Bollinger Band top at 1.0978. A break beyond…

Gov. Josh Shapiro’s administration said Tuesday that it is appealing a court ruling that blocked a state regulation to make Pennsylvania’s power plant owners pay for their planet-warming greenhouse gas emissions, even as the Democrat warned lawmakers to get to work on a better alternative.In a statement, Shapiro didn’t pledge to enforce the regulation, should his administration win the appeal at the Democratic-majority state Supreme Court. His appeal revolves around the need to preserve executive authority, his administration said.But he also urged lawmakers to come up with an alternative plan.PA GOV. SHAPIRO PUSHES FOR SCHOOL VOUCHERS, MINIMUM WAGE INCREASE AND…

ChatGPT users are receiving error messages when trying to use the bot. The company says it has identified the error and is looking to fix it shortly. The company experienced an outage earlier this month due to a DDOS attack.  Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Amid a chaotic week at OpenAI, the company’s chatbot ChatGPT is experiencing a widespread outage Tuesday afternoon.According to Down Detector, which tracks reports of outages, the platform began seeing a spike in errors around 2 p.m. PT.OpenAI wrote…

Financial consultant leaning on a stack of coins smiles friendly and waves with hand. Successful … [+] investor or entrepreneur. Financial consulting, investment and savings. Modern vector illustration.getty Imagine a room buzzing with financial superstars, all willing to share their secrets to success. At the American Banker’s Most Powerful Women in Banking Conference and the vibrant Money 20/20 event in Las Vegas, I had the fantastic chance to learn from these money experts. Their advice isn’t just for big shots – it’s for anyone wanting to level up their money game. These leaders didn’t just talk about numbers; they gave…