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Adam Jeffery | CNBC After experiencing unusually broad market momentum since November, stocks are overdue for a lengthy pause or a correction. Stock picking will matter from here as the economic reopening determines different winners and losers. According to a team of J.P. Morgan strategists, “it wouldn’t be surprising to witness consolidation” given the current
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TurboTax now includes a software integration with Credit Karma Money, Credit Karma’s U.S. checking account solution. Taxpayers who file through TurboTax can now opt to open a Credit Karma Money Spend account and have their tax refund sent there directly. The Intuit Inc. TurboTax application is displayed on an Apple Inc. iPhone 6s in this
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Luc MacGregor | Bloomberg | Getty Images Bitcoin has had blockbuster growth in the last decade, skyrocketing in price and even gaining the support of big banks. Yet for many retail investors, it can be a complicated investment – it’s historically expensive, volatile, can’t be purchased through a brokerage account and isn’t backed by a
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Whether you consider cryptocurrency an investment, a commodity, an alternative banking system or a form of legalized gambling, the rapid adoption and stunning recent volatility of cryptocurrencies has led to frenetic trading by investors. As a result of COVID-19 disruption, economic uncertainty and the entry of PayPal into the crypto-consumer market (allowing more than 300
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The Financial Accounting Standards Board approved a tweak to the goodwill rules for private businesses and not-for-profits, giving them more flexibility on when to do impairment assessments of triggering events. FASB voted to approve the goodwill triggering event alternative during a virtual board meeting last week, giving privately held companies and nonprofit organizations the ability
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Carl Icahn at the 6th annual CNBC Institutional Investor Delivering Alpha Conference on September 13, 2016. Heidi Gutman | CNBC Company: Bausch Health Companies Inc. (BHC) Bausch Health Companies Inc, formerly Valeant Pharmaceuticals International Inc, is a Canada-based company that develops, manufactures and markets a range of branded and generic pharmaceuticals, medical devices and over-the-counter
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Two members of Congress teamed up Friday to introduce a bipartisan bill that would offer tax credits for income from tips to beauty salon owners and workers. Rep. Suzan DelBene, D-Washington, and Darin LaHood, R-Illinois, together introduced the Small Business Tax Fairness and Compliance Simplification Act, which would offer tax relief to beauty professionals and
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Citadel CEO Kenneth Griffin Source: CNBC | YouTube During Thursday’s GameStop hearing, Citadel Securities’ Ken Griffin defended a controversial method brokerages use to make money, and said his firm would adapt if new regulations prohibited the practice. Lawmakers finally got a chance to press Robinhood, Citadel and Reddit chiefs about the GameStop trading controversy. Members
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The Internal Revenue Service provided guidance Thursday on how employees and employers can carry over unused money from flexible spending accounts and dependent care assistance programs during the COVID-19 pandemic. Notice 2021-15 details the relief offered under the stimulus package passed by Congress in December, which included provisions allowing greater flexibility for employee benefit plans