Valentinrussanov | E+ | Getty ImagesAs the IRS faces cutbacks, some taxpayers are weighing whether to file returns this season.But skipping your federal filing can be costly, experts say.Josh Youngblood, an enrolled agent and owner of The Youngblood Group, a Dallas-based tax firm, said he’s had a few clients ask whether they need to file this year.”I’m concerned we’re going to see more of this” amid IRS layoffs and calls to eliminate the agency, he said.More from Personal Finance:Don’t wait to file your taxes this season, experts say. Here’s whyHere’s how IRS layoffs could impact your tax filing and refund…
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The biggest locker room issue Charles Huff encountered as Marshall’s head coach last year wasn’t leadership or buy-in. It wasn’t name, image and likeness money or social media.It was the college football video game.Players came to his office asking why their overall rating in College Football 25 was only 72, or why they weren’t in the game at all, as if he had any control over that. He said the video game’s return was a good thing, but it was a new and unexpected challenge.“Kids in the locker room are like, ‘You don’t even start and you have a higher…
Initial filings for unemployment benefits hit their highest level of the year last week in another potential signs of weakness in the labor market.Jobless claims for the week ended Feb. 22 totaled a seasonally adjusted 242,000, up 22,000 from the previous week’s revised level and higher than the Dow Jones estimate for 225,000, according to a Labor Department report Thursday.The level of claims matched the highest since early October 2024 and comes amid questions over broader economic growth and worrying signs in recent consumer sentiment surveys.President Donald Trump has been taking aggressive measures to reduce the federal workforce through Elon…
Russell Vought, director of the Office of Management and Budget (OMB) nominee for US President Donald Trump, during a Senate Budget Committee confirmation hearing in Washington, DC, US, on Wednesday, Jan. 22, 2025. Al Drago | Bloomberg | Getty ImagesThe Consumer Financial Protection Bureau’s new leadership on Thursday dismissed at least four enforcement lawsuits undertaken by the previous administration’s director.In legal filings, the CFPB issued a notice of voluntary dismissal for cases involving Capital One; Berkshire Hathaway-owned Vanderbilt Mortgage & Finance; a Rocket Cos. unit called Rocket Homes Real Estate; and a loan servicer named Pennsylvania Higher Education Assistance Agency.”The Plaintiff,…
Pairs trading is a market-neutral strategy that involves buying one asset while shorting a related asset to profit from temporary pricing divergences. Typically, traders select two highly correlated assets — such as stocks, commodities, or currencies—that usually move together, like competing companies in the same industry (e.g., Ford and General Motors). The approach assumes that any temporary spread between the two prices will eventually converge. Many traders use this short-term strategy to exploit price fluctuations, as seen with firms like Renaissance Technologies. Alternatively, a long-term, fundamental version of pairs trading involves identifying a company better positioned to outperform its peer,…
Yes, the latest gauge of investor vibes shows uniquely high concern. No, that doesn’t mean you should follow conventional wisdom and rush into the market. The share of American Association of Individual Investors members with bearish views for the week ended on Wednesday broke above 60% , according to the organization’s closely followed survey. That marks only the sixth week it has come in higher than that level since 1987, an analysis from Bespoke Investment Group shows. What’s more, Bespoke found that the five-week growth in bearish sentiment within the survey is the third highest on record. It falls behind…
Stripe announced a tender offer for employees and shareholders on Thursday that values the payments startup at $91.5 billion, the closest the company has been to its peak valuation of $95 billion in 2021.”We very much care about providing good liquidity for employees and existing shareholders,” Stripe co-founder and President John Collison told CNBC’s Andrew Ross Sorkin in an interview on “Squawk Box.”As for the company’s long-awaited public market debut, Collison said, “We are not dogmatic on the public vs. private question,” and “have no near-term IPO plans.”Stripe also revealed in its annual letter on Thursday that it generated $1.4 trillion…
Success isn’t a straight line — and Shavon Revel Jr. knows that better than most.Revel, the East Carolina cornerback who ranks No. 32 on The Athletic’s most recent 2025 NFL Draft board, is on the doorstep of a pro career with the scouting combine underway. And it’s largely due to his impressive combination of size (6 foot 2, 188 pounds) and speed (projected 4.3-second 40-yard dash).The combine is where an athletic marvel like Revel should shine. Instead of showing off his talent for NFL teams, though, he will be a spectator when defensive backs work out at Lucas Oil Stadium…
Marian Turski, a Holocaust survivor who returned to his native Poland after World War II to give voice to fellow victims of the Nazis and their collaborators, warning the world in writings and speeches about the dangers of indifference to racial and ethnic injustice, died on Feb. 18 at his home in Warsaw. He was 98.His death was announced by the Polin Museum of the History of Polish Jews, which he had helped to establish and where he had been chairman since 2009.Speaking in 2020 at the 75th anniversary of the liberation of the Auschwitz-Birkenau concentration camp in German-occupied Poland,…
Check out the companies making headlines in premarket trading. Nvidia — The artificial intelligence darling ticked up about 1% after Nvidia reported earnings and revenue that surpassed Wall Street estimates in the fourth-quarter . It also issued a better-than-expected outlook for revenue in the current quarter. To be sure, Nvidia also warned that global competition is ramping up . Freeport-McMoRan — The copper producer advanced more than 2% following an upgrade to buy from Jefferies. The firm cited improving free cash flow trends as well as cost reductions as growth catalysts moving forward. EBay — The e-commerce stock fell nearly…
