Author: Press Room
It is tax shelter season again.getty Most folks think of tax season being that period shortly before April 15 and ending on that date. Actually, that is tax return season. The true tax season usually begins on October 15 of each year after the late individual returns are filed. This is when folks who are looking to have a financially good year start thinking about reducing the taxes they will have to pay in April. Tax professionals will start meeting with clients to talk about their businesses and how things are looking for the end of the year. Most of…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The world’s largest offshore wind developer Ørsted has abandoned two key US projects and announced a higher than expected writedown of its portfolio, sending shares in the group down more than 20 per cent.The Danish group booked impairments of DKr28.4bn ($4bn), saying it had “no choice” but to stop developing its Ocean Wind 1 and 2 projects off the coast of New Jersey. The decision, which the company blamed on supply chain delays, higher interest rates and changes to its assumptions around…
© Reuters. Japanese national flag is hoisted atop the headquarters of Bank of Japan in Tokyo, Japan September 20, 2023. REUTERS/Issei Kato/File Photo By Leika Kihara and Yoshifumi Takemoto TOKYO (Reuters) – The Bank of Japan may prefer to go slow in ending ultra-low interest rates, but the weak yen and risks of an inflation overshoot could prod it to act before year-end, former central bank official Hiromi Yamaoka told Reuters on Wednesday. Under pressure to phase out years of massive monetary stimulus amid rising inflation, the BOJ on Tuesday loosened its grip on long-term interest rates by tweaking its…
© Reuters. UK pharmaceutical giant GSK Plc has revised its financial guidance upwards for the second time this year, driven by the successful launch of Arexvy, a vaccine designed to prevent a common respiratory virus in older adults. The vaccine, which was launched in the US and other regions in August, has seen high demand, contributing to robust third-quarter sales of £700 million ($850 million). Following the impressive performance of Arexvy, GSK now anticipates up to 13% sales growth and an adjusted earnings per share increase of 17%-20%. This positive forecast comes after a strategic decision by GSK to separate…
Rise Gold announces $750,000 financing
© Reuters. Investing.com – The U.S. dollar edged higher in early European trade Wednesday ahead of the conclusion of the latest Federal Reserve meeting, while the yen remained near its one-year low. At 04:00 ET (08:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% higher at 106.612. Fed decision, Powell’s press conference in focus The U.S. dollar has continued to trade on the firm side as traders prepare for the conclusion of the latest policy-setting meeting later in the day. While the central bank is expected to hold rates unchanged, it…
Vice President Kamala Harris plans to announce on Wednesday a slew of additional measures to curb the risks of artificial intelligence as she prepares to take part in a global summit in Britain where world and tech leaders will discuss the future of the technology.On her visit, which will kick off Wednesday with a policy address at the U.S. Embassy in London, Ms. Harris plans to outline guardrails that the American government will seek to put in place to manage the risks of A.I. as it asserts itself as a global leader in the arena.Taken together, the steps Ms. Harris…
Bill Ackman seems to be reconsidering his earlier calls to out anti-Israel Harvard students. On Tuesday, he tweeted about a video of a masked man on Harvard Square expressing love for Hamas. Ackman wrote that identifying this man “isn’t the answer,” and instead blamed social media. 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 After calling on Harvard University to reveal the names of students who signed an anti-Israel letter last month, billionaire Bill Ackman isn’t so sure anymore.In a length post on X…
NEW YORK, UNITED STATES – 2023/04/12: Secretary Miguel Cardona, Department of Education at Sheraton … [+] Times Square. The Biden administration has approved student loan forgiveness for another 50,000 borrowers under an account adjustment. (Photo by Lev Radin/Pacific Press/LightRocket via Getty Images)Pacific Press/LightRocket via Getty Images The Education Department is currently notifying thousands of borrowers that they qualify for student loan forgiveness under a temporary Biden administration program designed to provide relief for those who have older student loans. “For years, millions of eligible borrowers were unable to access the student debt relief they qualified for,” said Education Secretary Miguel…
Stay informed with free updatesSimply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox.Chinese artificial intelligence scientists have joined western academics to call for tighter controls on the technology than those being proposed by the UK, US and EU, as nations set out rival positions ahead of this week’s global AI safety summit.Several Chinese academic attendees of the summit at Bletchley Park, England, which starts on Wednesday, have signed on to a statement that warns that advanced AI will pose an “existential risk to humanity” in the coming decades.The group, which includes Andrew Yao, one…