Nigeria Seeks to Try Crypto Exchange Binance Executives over Alleged Money Laundering Tax Evasion
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Coinbase had over $1 billion in quarterly profit after crypto-trading explosion. But costs are rising too.
A boom in crypto trading during the first quarter led cryptocurrency exchange Coinbase Global to a dramatic reversal of fortunes from the prior year, but the company warned of “elevated expenses” in the second quarter as it tries to handle the flood.MarketWatch - Business -
Arkansas takes on crypto miners
The Hill's weekly technology news digest. {beacon} Advertisement Friday, May 3, 2024 Presented by: Presented by: Welcome to Tech Friday, a new joint project of The Hill and Pluribus News covering tech policy across government. Sign up to receive ...The Hill - Politics - Crypto -
A Justice Department probe into TD Bank's internal controls focuses on how Chinese crime groups and drug traffickers used the Canadian lender to launder money from U.S. fentanyl sales.
A Justice Department probe into TD Bank’s internal controls focuses on how Chinese crime groups and drug traffickers used the Canadian lender to launder money from U.S. fentanyl sales.The Wall Street Journal - World -
U.S. Seeks to Build World Pressure on Russia Over Space Nuclear Weapon
An American official said the United States had information undermining Russia’s claim that a device it is developing is for peaceful scientific research.The New York Times - Top stories - Russia -
A boy gave away his only dollar. In exchange, he was rewarded for his generosity.
Nine-year-old Kelvin Ellis Jr. had just received the dollar for good grades, and it was the only money he had to his name.CBS News - Top stories -
Phone conversations about alleged payments played at Trump "hush money" trial
Former President Donald Trump's "hush money" trial will pick back up Friday, a day after jurors heard a recording of Trump speaking with his former lawyer, Michael Cohen. The jury also heard another recording of a conversation between Cohen and ...CBS News - Top stories - Donald Trump -
Canadian police charge three over alleged assassination of Sikh activist
Yahoo News - World -
Canadian police charge three over killing of Sikh activist
Prime minister said there were ‘credible allegations’ that India was behind killing of Hardeep Singh Nijjar. Canadian police have charged three members of an alleged hit team for their role in the assassination of the Sikh activist Hardeep Singh ...The Guardian - World -
Flight Centre's Top Executive Sees Growth Without Major M&A
Flight Centre’s top executive says the Australia-based travel company is well-positioned to grow without more major deals, though smaller acquisitions are still possible in specialized areas.The Wall Street Journal - World -
From 25 years in prison to just four months: Inside the final verdict on a crypto billionaire CEO archrivalry
The criminal judgment of bitcoin billionaires Changpeng Zhao and Sam Bankman-Fried was completed this week, the final chapter in starkly different crypto sagas.CNBC - Business -
Jump in penalties for late filing of tax returns
A self-assessment return may be due even if there is nothing to payFinancial Times - World -
Capital-Gains Tax Hits More Home Sellers
The $500,000 exemption for home sales hasn’t changed since 1997.The Wall Street Journal - World -
Windfall tax weighs heavy on North Sea producers
Smaller independent operators say they have taken the brunt of the pain from the 75% tax rate on profitsFinancial Times - Business -
‘Full-blown famine’ in northern Gaza, says World Food Programme executive director Cindy McCain
Cindy McCain, executive director of the World Food Programme, tells Kristen Welker there is a “full-blown famine” in northern Gaza, based on her organization’s observations.NBC News - Politics -
Paramount’s new ‘Office of the CEO’ now has a principal executive — while its ex-CEO will still collect a hefty paycheck
Paramount Global has named Chris McCarthy as interim principal executive officer of its new three-executive leadership team, the media conglomerate said.MarketWatch - Business -
Luis Arraez trade: Marlins executive explains 'difficult' decision to send two-time All-Star to Padres
The Marlins felt their return was "too good" to pass upCBS Sports - Sports - MLB -
Hope Hicks tells hush-money jury of Trump’s control over 2016 campaign
Ex-president’s former communications director says Access Hollywood tape ‘was a crisis’ for his campaign. Hope Hicks, Donald Trump’s 2016 campaign press secretary, broke into tears on Friday while testifying in the ex-president’s New York criminal ...The Guardian - World - Donald Trump -
How a ‘Hidden’ $1.4 Billion Tax Will Make N.Y.C. Water Bills Rise
Mayor Eric Adams is resurrecting a budget gimmick and charging rent to the city’s Water Board, which will pass on the costs to ratepayers.The New York Times - Top stories -
EV Makers Get Two-Year Reprieve on Tax-Credit Restrictions
The Treasury Department has extended eligibility for cars containing Chinese graphite through 2026.The Wall Street Journal - World -
Biden administration grants flexibility for automakers in EV tax credit rule
The Biden administration on Friday granted automakers some flexibility on qualifying for electric vehicle tax credits. The new final guidance, issued as part of the 2022 Inflation Reduction Act, incorporates a two-year exemption to provisions of ...The Hill - Politics - Joe Biden -
Manchin blasts leeway in Biden’s EV tax credit rule: ‘Outrageous and illegal’
Centrist Democrat Sen. Joe Manchin (W.Va.) is blasting the Biden administration’s new interpretation of which vehicles can qualify for electric vehicle tax credits — saying it gives too much leeway for batteries containing Chinese materials. “The ...The Hill - Politics - Joe Biden -
Pension savers warned of new tax-free lump sum cap
Withdrawals of more than £268,275 will be treated as taxable incomeFinancial Times - Business -
EV Makers Get Two-Year Reprieve on Tax-Credit Restrictions
The Treasury Department has extended eligibility for cars containing Chinese graphite through 2026.The Wall Street Journal - Business -
Reclassifying Marijuana Could Unlock Billions in Tax Savings for Cannabis Companies
The proposed change could lift an income tax burden that wipes out most licensed marijuana retailers’ earnings.The Wall Street Journal - World -
For Conversations You Dread, Try a Chatbot
Role-playing with an AI conversationalist can prepare you to handle difficult subjects with family, friends and colleaguesThe Wall Street Journal - World -
New Treasury Tax Guidelines Open Door for Corn and Soy in Sustainable Aviation Fuels
The guidance is a boon for biorefineries, but some observers worry it is based on unproven assumptions.The Wall Street Journal - World -
We need to make a housing decision fast, and the only place to get the funds is our retirement savings
A couple needs to make a housing decision fast, and the only place to get the funds is their retirement savings.MarketWatch - Business -
US loosens some EV battery rules, potentially increasing tax credit eligibility
West Virginia Sen. Joe Manchin says new rules governing electric vehicle tax credits are a giveaway to ChinaABC News - Top stories -
South Sudan removes newly imposed taxes that had triggered suspension of UN food airdrops
South Sudan has removed recently imposed taxes and fees that had triggered the suspension of U.N. food airdropsABC News - World - United Nations -
Jobs Report in Focus as Investors Seek Rate Clues
Stock futures ticked higher ahead of an employment report that is expected to show labor-market growth slowing in April.The Wall Street Journal - World