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Australia Lowers Tax Revenue Forecast on Weak Chinese Economy

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  • Delta Air Lines slashes earnings outlook on weaker U.S. demand, sending shares lower

    Delta Air Lines cut its first-quarter revenue and profit forecasts, citing weaker consumer and corporate travel demand.
    CNBC - 1d

  • Oracle misses on earnings and issues weak revenue guidance

    Oracle missed analysts' expectations for the third quarter.
    CNBC - 1d

  • Oracle shares turn lower as quarterly revenue miss overshadows cloud deals

    Oracle Corp. shares fell in after-hours trading Monday, shaking off an initial gain as investors digested the software giant’s disappointing quarterly revenue, much of it from a cloud-services ...
    MarketWatch - 1d
  • How the IRS can crack down on ghost tax return preparers

    How the IRS can crack down on ghost tax return preparers

    Indeed, thousands of tax return preparers systematically subvert the tax return filing process, rob the Treasury of revenue and undermine taxpayers’ faith in the system.
    The Hill - 3d
  • Mass blackouts in storm-hit eastern Australia

    Mass blackouts in storm-hit eastern Australia

    Residents are warned power may not return for days as further heavy rainfall is forecast.
    BBC News - 2d
  • Dick's Sporting Goods is latest retailer to forecast rocky 2025 as recession fears swirl

    Dick's Sporting Goods is latest retailer to forecast rocky 2025 as recession fears swirl

    Dick’s Sporting Goods on Tuesday said it’s expecting 2025 profits to be far lower than Wall Street anticipated, making it the latest retailer to forecast a rocky year ahead as consumers contend ...
    NBC News - 7h

  • Southwest Airlines as we know it is over. Here's what's changing, from bag fees to basic economy

    Southwest will start charging customers to check bags, launch basic economy tickets in a bid to drive up revenue.
    CNBC - 7h

  • Treasury yields fall as investors weigh the state of the U.S. economy

    U.S. Treasury yields inched lower on Monday as investors await a busy week of key economic data, and consider the state of the U.S. economy.
    CNBC - 1d

  • Dick's Sporting Goods is latest retailer to forecast rocky 2025 as recession fears swirl

    Dick's Sporting Goods issued weak guidance for 2025 as consumers contend with tariffs, persistent inflation and fears around a potential recession.
    CNBC - 10h
  • Delta, Southwest, American Airlines Cut Forecasts, an Early Alarm About Consumer Spending

    Delta, Southwest, American Airlines Cut Forecasts, an Early Alarm About Consumer Spending

    The revised revenue projections suggest that flagging economic confidence has started to hurt travel, which can be an indicator for other industries.
    The New York Times - 4h
  • Consumer prices fell in China in February and remain flat in a sluggish economy

    Consumer prices fell in China in February and remain flat in a sluggish economy

    Consumer prices fell in China in February for the first time in 13 months, as persistent weak demand was compounded by the early timing of the Lunar New Year holiday
    ABC News - 2d
  • Delta Says Economic Worries Are Hurting Travel Demand

    Delta Says Economic Worries Are Hurting Travel Demand

    The airline lowered its financial forecast for the first quarter as economic anxiety hurts demand for tickets.
    The New York Times - 1d

  • Here’s how ‘DOGE’ cuts, safety fears and a slowing economy are combining to hurt airlines

    American Airlines now sees a much bigger Q1 loss, and Southwest said less government travel hurt revenue.
    MarketWatch - 9h
  • Trade tariffs are the new normal – and that’s unlikely to be positive for Australia | Sally Auld

    Trade tariffs are the new normal – and that’s unlikely to be positive for Australia | Sally Auld

    US policy changes won’t have a large direct effect on the Australian economy but a global trade war can only be a drag on growth. Get our breaking news email , free app or daily news ...
    The Guardian - 2d

  • A big inflation report is on the way Wednesday. Here's what to expect

    The consumer price index for February is forecast to show an increase of 0.3% for goods and services across the largest economy in the world.
    CNBC - 4h

  • China bond yields jump to three-month highs as investors pare rate cut expectations

    Chinese government bond yields moved further away from January's historic lows amid optimism in the faltering economy and a stock market rally.
    CNBC - 1d

  • Volkswagen expects revenue to grow in 2025, says it feels 'all-American' as tariffs loom

    The carmaking giant said it expects to see revenue growth in 2025.
    CNBC - 15h
  • Chain-of-experts (CoE): A lower-cost LLM framework that increases efficiency and accuracy

    Chain-of-experts (CoE): A lower-cost LLM framework that increases efficiency and accuracy

    Chain-of-experts chains LLM experts in a sequence, outperforming mixture-of-experts (MoE) with lower memory and compute costs.
    VentureBeat - 1d

  • Protecting yourself from tax identity theft

    Karla Dennis is an enrolled tax agent with KDA Incorporated, a tax strategy business. She joined CBS News to discuss how to protect yourself from someone stealing your identity and filing a tax ...
    CBS News - 11h

  • Behind Ontario's tax on electricity for the U.S.

    Canada's Ontario province is charging a 25% tax on electricity sent to the U.S. as retaliation over President Trump's tariffs. CBS News' Shanelle Kaul spoke to Ontario's energy minister, Stephen ...
    CBS News - 1d
  • How the Tax Bill Could Impact Your Wallet

    How the Tax Bill Could Impact Your Wallet

    Brackets may change. The standard deduction could fall. And President Trump will probably not remove taxes on Social Security income.
    The New York Times - 1d

  • How to calculate your Social Security tax obligations

    Wondering what you'll pay in taxes on your Social Security benefits? Here's how to do the math.
    CBS News - 5h

  • NOAA and National Weather Service job cuts raise concerns about forecasts

    A hurricane modeling specialist fired from the National Weather Service said progress on forecast accuracy may "go backwards" if job cuts continue.
    CBS News - 5h
  • Tibetans scuffle with police outside Chinese Embassy in India on uprising anniversary

    Tibetans scuffle with police outside Chinese Embassy in India on uprising anniversary

    Dozens of Tibetan protesters have clashed with police outside the Chinese Embassy in New Delhi as Tibetans living in exile mark the 66th anniversary of their uprising against China
    ABC News - 1d
  • Floodwaters threaten parts of Australia's east coast as tropical storm cleanup begins

    Floodwaters threaten parts of Australia's east coast as tropical storm cleanup begins

    Australia’s Prime Minister Anthony Albanese has cautioned that the fallout from a vicious tropical storm over the weekend was “far from over.”
    ABC News - 1d

  • Surfer attacked by shark in Australia is presumed dead, police say

    A body has not been recovered after a surfer was attacked by a shark off the coast of Australia. Police say drone footage that captured the aftermath of the incident.
    CBS News - 11h
  • $1 billion in unclaimed tax refunds to expire soon: How to claim your money

    $1 billion in unclaimed tax refunds to expire soon: How to claim your money

    The IRS warns that an estimated $1 billion in tax refunds from the 2021 tax year may become the property of the U.S. Treasury if over 1.1 million Americans do not file their tax returns by April ...
    The Hill - 7h

  • 'Wealthy tax dodgers' could benefit from IRS layoffs, Democrats warn

    Democrats says "wealthy tax dodgers" could see less IRS scrutiny amid agency layoffs. Here's what to know.
    CNBC - 9h
  • US charges Chinese hackers and government officials in a broad cybercrime campaign

    US charges Chinese hackers and government officials in a broad cybercrime campaign

    China is denying the U.S. Justice Department’s accusations against 12 Chinese nationals charged in connection with global cybercrime campaigns targeting dissidents, news organizations, U.S. ...
    ABC News - 5d

  • Oil prices resume slide, ending lower as tariff fears spark stock-market tumble

    Oil futures ended lower Monday, dragged down by fears rising global trade tensions could spark a recession or a slowdown as U.S. equities suffered their worst day of 2025.
    MarketWatch - 1d
  • 'Wealthy tax dodgers' could benefit from IRS layoffs, Democrats warn

    'Wealthy tax dodgers' could benefit from IRS layoffs, Democrats warn

    As the IRS faces mass layoffs, Congressional Democrats warn those staffing cuts could undermine the agency’s progress in collecting unpaid funds from “wealthy tax dodgers.”
    NBC News - 7h
  • Trump vows to take ‘hundreds of billions’ in tariffs as Australia’s hopes of getting exemption fades

    Trump vows to take ‘hundreds of billions’ in tariffs as Australia’s hopes of getting exemption fades

    Australia unlikely to escape US president’s global steel and aluminium tariffs despite intense lobbying to be carved out. Follow our Australia news live blog for latest updates Get our ...
    The Guardian - 23h

  • The case for China

    Are Chinese stocks really “uninvestable”?
    Financial Times - 4h

  • We're trimming 2 winning names and buying more of a stock down big from its highs

    We're making additional moves into Monday's weakness.
    CNBC - 1d
  • 21 House Republicans ask leadership to limit changes to energy tax credits in reconciliation

    21 House Republicans ask leadership to limit changes to energy tax credits in reconciliation

    A group of 21 House Republicans is asking a key committee to limit changes to energy tax credits passed under Democrats as the GOP seeks to overhaul the U.S. tax code. In a new letter dated ...
    The Hill - 1d

  • Mainland Chinese investors snap up a record amount of Hong Kong stocks to play AI

    Mainland Chinese investors are piling into the Hong Kong stock market at record volumes as its tech-heavy Hang Seng Index trades around three-year highs.
    CNBC - 21h
  • Floodwaters still threaten parts of Australia's east coast as tropical storm cleanup begins

    Floodwaters still threaten parts of Australia's east coast as tropical storm cleanup begins

    Australia’s prime minister cautioned that the fallout from a vicious tropical storm over the weekend was “far from over” as parts of two states remained inundated with perilous floodwaters.
    NBC News - 1d

  • Coming soon: Lower GST rates in India

    Also in this newsletter: the (un)ease of doing business, and Kaustubh Kulkarni’s mantra
    Financial Times - 23h
  • CCP Games appoints Head of Economy for Eve Frontier

    CCP Games appoints Head of Economy for Eve Frontier

    CCP Games has hired Stefán Þórarinsson as its Head of Economy to roll out new updates and research for Eve Frontier.
    VentureBeat - 4d

  • Treasury Secretary Bessent says economy could be 'starting to roll a little bit'

    President Trump's Treasury secretary discussed the U.S. economy and tariffs on "Squawk Box."
    CNBC - 4d
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