Fcafotodigital | E+ | Getty ImagesThe Senate this week unanimously passed a bill to fix IRS notices for filers who make simple mistakes on their tax returns.The legislation, known as the Internal Revenue Service Math and Taxpayer Help Act, or IRS MATH Act, cleared the House earlier this year. It is now headed to President Donald Trump’s desk for signature.Currently, the IRS sends filers so-called “math error notices” when it finds basic math or clerical mistakes on tax returns. The notices cover the agency’s proposed changes and additional taxes owed.During tax year 2023, the IRS sent more than one million…
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Rozier, a 10-year NBA veteran, reportedly had been eyed for months over suspicious sports betting activity related to his play.The U.S. Attorney’s Office in Brooklyn, New York, and FBI Director Kash Patel are scheduled to hold a press conference on the cases on Thursday morning.Billups was named NBA Finals Most Valuable Player in 2004 when the Pistons defeated the Los Angeles Lakers in the league’s finals.This is breaking news. Check back for updates. Source link
An American Airlines plane lands at the Miami International Airport on July 24, 2025 in Miami, Florida. Joe Raedle | Getty ImagesAmerican Airlines has hired nearly three-decade industry veteran Nat Pieper to be its new commercial chief as the carrier’s profits trail rivals Delta and United.American ousted its former chief commercial officer, Vasu Raja, in 2024 after his business-travel strategy backfired and sparked pushback from lucrative corporate travel agencies, while revenue projections dropped sharply.Pieper, 56, has worked in the industry since the late 1990s with experience at Northwest Airlines, Delta and Alaska Airlines. Most recently, he’s run the massive Oneworld…
Roth Capital Partners believes Core Scientific looks more valuable as a potential deal with CoreWeave is in danger of falling apart. The investment firm upgraded shares to buy from neutral. Analyst Darren Aftahi also raised his 12-month price target to $23.50 from $17, implying a potential gain of 32%. Core Scientific is one of the largest owners and operators of digital infrastructure, allowing high-performance computing, or HPC, use cases like AI workloads and bitcoin mining. The company’s data centers across six U.S. states have a total contracted power capacity of around 1.3GW. CORZ YTD mountain CORZ YTD chart Aftahi’s upgrade…
A “for rent” sign is posted in front of a home on Dec. 12, 2023 in Miami, Florida.Joe Raedle | Getty ImagesRents for single-family residential homes rose just 1.4% in August compared with the year before, according to analytics and data firm Cotality, down from a 2.3% annual gain in July. That’s also much less than the 3% average gain seen last year and is the smallest increase in 15 years.Rent growth weakened across all price points, continuing a trend that has persisted in the second half of this year. Rents had been strengthening in the first half of this…
Airbus, Leonardo and Thales announced Thursday that they will combine their satellite and space activities to form a “leading European player in space,” as the region looks for a homegrown rival to Elon Musk’s Starlink.The companies — each a heavyweight in the aerospace and defense sector in their own right — said the joint venture would develop and build, “a comprehensive portfolio of complementary technologies and end-to-end solutions, from space infrastructure to services.” The development of space launchers will be excluded from the new company’s operations.The combined entity is expected to generate mid-triple-digit million euros in annual synergies on operating income…
Landon Loomis, vice president for Latin America & Caribbean at Boeing, speaks during a panel at the Bloomberg New Economy Gateway event in Panama City, Panama, on Wednesday, May 18, 2022. Tarina Rodriguez | Bloomberg | Getty Images Boeing named Landon Loomis, a Mandarin speaker and former White House advisor, as the new president of Boeing China, counting on his deep experiences in Beijing to steady the planemaker’s position as U.S.-China tensions flare anew.The appointment, effective immediately, will see Loomis take over the role from his predecessor Alvin Liu, who was appointed to the role in August 2023.Loomis will run…
LOS ANGELES, CALIFORNIA – MARCH 30: An American Airlines Airbus A321 airplane departs Los Angeles International Airport en route to Orlando on March 30, 2025 in Los Angeles, California. (Photo by Kevin Carter/Getty Images)Kevin Carter | Getty Images News | Getty ImagesAmerican Airlines posted a smaller-than-expected loss for the third quarter, and its outlook for the rest of the year came in ahead of Wall Street forecasts, sending the stock higher.Here is how American performed in the third quarter compared with Wall Street estimates compiled by LSEG:Loss per share: 17 cents adjusted vs. a loss of 28 cents expectedRevenue: $13.69 billion vs. $13.63 billion expectedAmerican’s…
Alibaba announced plans to release a pair of smart glasses powered by its AI models. The Quark AI Glasses are Alibaba’s first foray into the smart glasses product category.AlibabaAlibaba on Thursday announced pricing for its upcoming artificial intelligence glasses and launched a new chatbot powered by its latest AI models.The Chinese technology giant said the Quark AI Glasses will go on pre-sale on Oct. 24 on Alibaba’s e-commerce platform Tmall. The pre-sale price will start at 4,699 Chinese yuan ($659.4) but after applying various discounts, will cost 3,999 yuan.Alibaba will begin shipping the product from December.The Hangzhou-headquartered firm also unveiled…
The world of enterprise AI is dominated by U.S. names from Microsoft to Salesforce, but Europe has a major player that is pushing hard into the space: SAP.In an exclusive interview with CNBC’s “Europe Early Edition,” SAP CEO Christian Klein said that AI is “the number one reason” why customers are signing deals with the firm. “After we close Q4, actually, 80, 85% of our revenue for next year is already done. So, [a] good pipeline for Q4 and with that, when we close out the year, our customers, also our investors, can expect there’s also very positive output,” he said. SAP’s…
