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Monthly Archives: March 2023

How are NFTs taxed: the IRS plan

Digital artist FEWOCiOUS auctions five NFT works of art, along with five physical paintings and drawings at Christie’s on June 28, 2021 in New York. Noam Galai | Getty Images Entertainment | Getty Images The IRS said it plans to tax some non-fungible tokens, or NFTs, as collectibles akin to …

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PacWest falls 10% after regional bank discloses deposit outflows, additional liquidity

A Pacific Western Bank branch in Los Angeles, California, US, on Friday, March 10, 2023. Eric Thayer | Bloomberg | Getty Images Shares of regional bank PacWest Bancorp dropped Wednesday after the company disclosed it had shed more than $6 billion in deposits during the recent squeeze on midsized banks, …

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GM says Chevrolet Camaro will fall out of production next year

The Chevrolet Camaro ZL1 starts at about $62,000 and is powered by a 650-horsepower V8 engine, a considerable upgrade over the roughly $26,000 base model. Source: General Motors DETROIT – General Motors will end production of the Chevrolet Camaro in its current form early next year, as the automaker transitions to all-electric …

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Most adults with medical debt owe some of it to hospitals, study finds

Antonio_diaz | Istock | Getty Images Among the millions of Americans with past-due medical debt, there’s a decent chance they owe $1,000 or more, new research suggests. While 39% of that cohort said they owe less than $1,000, the remainder (61%) owe more, including 21% who owe at least $5,000, …

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Carvana offers first-quarter guidance, restructures debt

A Carvana glass tower sits illuminated on Feb. 23, 2022, in Oak Brook, Illinois. Armando L. Sanchez | Tribune News Service | Getty Images Shares of Carvana popped during early trading Wednesday after the embattled used car retailer pre-announced guidance for the first quarter and released plans to restructure some …

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Windfall Bio comes out of stealth with methane-eating microbes

Three of Windfall’s leadership team at the compost pile for a local community organic farm planning to deploy methane eating microbes. Judy Su, the director of biology (L); Josh Silverman, the CEO; Carla Risso, the director of environment (R). Photo courtesy Windfall Josh Silverman is obsessed with methane. The serial …

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JPMorgan Chase buys fintech Aumni in push to serve venture capital

Signage outside a Chase bank branch in San Francisco, California, on Monday, July 12, 2021. David Paul Morris | Bloomberg | Getty Images JPMorgan Chase is acquiring a data analytics provider for startup investors called Aumni, CNBC is first to report. The biggest U.S. bank by assets is buying the …

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Ford to break out EV business losses for the first time

Incoming Ford CEO Jim Farley (left) and Ford Executive Chairman Bill Ford Jr. pose with a 2021 F-150 during an event Sept. 17, 2020 at the company’s Michigan plant that produces the pickup. Michael Wayland | CNBC DETROIT – Ford Motor is about to tell investors what they’ve long wondered: …

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Sens. Booker, Warnock press banks on overdraft fees

Sen. Cory Booker (D-NJ) speaks during Attorney General nominee Merrick Garland’s confirmation hearing before the Senate Judiciary Committee, Washington, DC, February 22, 2021. Al Drago | Pool | Reuters WASHINGTON — Sens. Cory Booker and Raphael Warnock have urged the CEOs of 10 major banks to waive overdraft and nonsufficient …

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The Fed is expected to raise interest rates, despite banking turmoil

There haven’t been many twists and turns when it comes to the Federal Reserve’s efforts to cool inflation: It promised to raise interest rates and that’s exactly what it’s done for eight straight months. For the first time, however, there’s been less certainty about what the next move might be …

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