Bitcoin had its coming-out party in 2017. With all the excitement and opportunities around cryptcurrency, it might be easy to forget about crypto taxation. Almost every bitcoin or other “altcoin” transaction — mining, spending, trading, exchanging, air drops, etc. — will likely be a taxable event for U.S. tax purposes. Without a doubt, 2018 will
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When people start investing money, one of the exercises they engage in is determining their own risk tolerance. Usually, this process is handled by filling out some sort of questionnaire, such as the one below, that has multiple-choice questions: If you had $10,000 to invest, would you: • Be willing to chance earning 30 percent
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Priceline Group renamed itself to Booking Holdings Inc. on Wednesday to better reflect its growing portfolio of brands and highlight booking.com, the underlying driver of its business, according to CEO Glenn Fogel. Fogel told CNBC that booking.com has more than 1.5 million properties and generates more than 1 million bookings per day. “It helps change
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Venezuela’s oil-backed “petro” cryptocurrency raised $735 million in the first day of its pre-sale Wednesday, President Nicolas Maduro has claimed. The Venezuelan president said on Twitter that the petro token raised more than 4.777 billion Chinese yuan, or $735 million, and that the state-backed virtual currency “reaffirms our economic sovereignty.” Tweet Tweet Caracas said that
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After seven years of restructuring that involved cutting thousands of jobs and bank branches, HSBC has turned itself around with profits rising more than 140 percent over the last year. But the job of strengthening the bank is not over, Chairman Mark Tucker said Wednesday, as the ever-changing global environment calls for a more agile
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The original 12-member deal was thrown into limbo early last year when U.S. President Donald Trump withdrew from the agreement to prioritize protecting U.S. jobs. The 11 remaining nations, led by Japan, finalized a revised trade pact in January, called the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). It is expected to be signed
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President Donald Trump announced Tuesday that he has recommended that “bump stocks” — devices that let semi-automatic weapons fire hundreds of rounds per minute — be banned. Trump signed a memorandum recommending that Attorney General Jeff Sessions propose regulations that would declare that bump stocks are illegal because they effectively turn legal semi-automatic weapons into
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Domino’s Pizza on Tuesday reported fourth-quarter same-store sales that missed estimates,fueling worries that the delivery chain’s sales could be weakening and sending shares lower in morning trading. Investors also assessed a report by Brazil Journal, citing people with knowledge of the matter, that said Restaurant Brands International is putting together a bid to buy Domino’s.
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The Tax Cuts and Jobs Act passed by Congress late last year represents the most significant changes to the tax code since 1986. The changes are biggest for corporate taxpayers. C corps will see their statutory tax rate decline from 35 percent to 21 percent, and pass-through corporate entities — partnerships, sole proprietorships and S
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Largest U.S. standalone medical device maker Medtronic reported a third-quarter profit in-line with analysts’ estimates, as sales across all its units, except the minimally invasive therapies business, grew. Sales in its cardiac and vascular unit which sells defibrillators, pace-makers, heart valves and stents jumped 10 percent to $2.8 billion, accounting for nearly 40 percent of
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