Depositing cash in your bank account is a normal activity for many people. Whether you make cash tips at your job or receive birthday money from your grandma, putting your cash in a bank account is a great way to keep it safe. When banks receive cash deposits of more than $10,000, they must report it to the IRS.
Apple reported better-than-expected Q2 earnings and increased its dividend to $0.25 per share.
Red Lobster may be headed toward bankruptcy, but its business problems go far beyond all-you-can-eat shrimp.
Bill Gates, the co-founder of Microsoft Corp. and a renowned philanthropist, has been slipping down the ranks of the world’s billionaires. Despite boasting a net worth of nearly $128 billion, Gates is at No. 9 on the Forbes Billionaire Index, a significant drop from his previous position at No. 7 a month ago. This marks his lowest ranking since 1990 when he ranked 16th. Gates has been recognized not only for his immense wealth but also for his environmental advocacy, which makes his ownership of
Apple CEO Tim Cook boasted about the company's upcoming generative AI plans during the iPhone maker's Q2 earnings call.
The company has been very clever about harnessing technology to help improve performance.
These potential stock-split stocks could help patient investors turn a profit in the market.
(Bloomberg) -- In a move fitting for one of the largest companies in the world, Apple Inc. just announced the biggest US buyback ever, saying its board approved an additional $110 billion in share repurchases. Most Read from BloombergSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineTurkey Confirms All Trade Halt With Israel Over War in GazaHuawei Secretly Backs US Research, Awarding Millions in PrizesBiden Calls Ally Japan ‘Xenophobic’ Along With China, RussiaUS and Saudis Near Defe
The IRS said Thursday that it has taken steps to address a wide disparity in audit rates between Black taxpayers and others filers, and is more closely examining the returns of larger numbers of wealthy people and major companies. “We are overhauling compliance efforts to advance our commitment to fair, equitable, and effective tax administration and hold ourselves accountable to taxpayers we serve," according to an annual update from the agency. A study from January 2023 involving university researchers and the Treasury Department found that IRS data-driven algorithms selected Black taxpayers for auditing at up to 4.7 times the rate of non-Black taxpayers.
AMD's new MI300X processor is expected to challenge Nvidia's AI market dominance.
Management is taking action, signaling it believes its shares are significantly undervalued.