Grace Cary | Moment | Getty ImagesTravelers, be warned: The federal government may revoke your passport if you ignore a big tax bill.Such punishments have become more frequent in recent years, experts said.Federal law requires the IRS and Treasury Department to notify the State Department if an American has a “seriously delinquent tax debt.”This is a large federal debt — of more than $62,000 in 2024 — that the taxpayer has repeatedly ignored.The debt threshold includes aggregate total federal tax liabilities, plus penalties and interest, levied against an individual. It’s adjusted annually for inflation.The State Department generally won’t issue a…
Author: usaeverydaylife
Michael Dell at the Allen & Company Sun Valley Conference on July 12, 2024 in Sun Valley, Idaho. David Grogan | CNBC Dell reported quarterly results on Thursday that beat Wall Street expectations, powered by an 80% increase in server sales. The stock rose more than 3% in extended trading.Here’s how the company did for the fiscal second quarter versus LSEG consensus estimates:Revenue: $25.03 billion vs. $24.53 billion expectedEPS: $1.89 adjusted, vs. $1.71 expectedNet income climbed 85% to $841 million, or $1.17 per share, from $455 million, or 63 cents per share, in the year-ago period. Revenue increased about 9% from $22.93…
By Shams Charania, Marcus Thompson II and Mark PuleoThe end of Steph Curry’s contract with the Golden State Warriors got farther away Thursday, as the star guard agreed to a one-year extension worth $62.6 million to keep him with the team he’s won four titles with through the 2026-27 season, a league source confirmed.With the new extension, Curry has $178 million left on his contract, according to data from Spotrac.The two-time MVP will turn 37 on March 14 but has maintained his All-NBA level production, averaging 26.4 points last season in 74 games and shooting above 40 percent from 3…
The lounge-turned-meeting-room inside Maryland’s SECU Stadium is buzzing on a November Friday morning. The “Big Noon Kickoff” crew is in the middle of a production meeting, and there are many moving parts:Michigan, the team the Fox pregame show is following, is in the middle of a sign-stealing scandal ahead of the Ohio State game the following week. Analyst and former coach Urban Meyer has just been made aware a fake quote from him about Ohio State coach Ryan Day is circulating. And a rehearsal is coming within the hour.Mark Ingram II sits inside the circle of on-air talent and producers,…
If you have visited Barcelona recently, you might have noticed something unusual going on.Since the early summer, central hotspots such as La Rambla and neighbourhoods such as Gracia and Parc Guell have featured graffiti with the words “Tourists go home”. It’s all part of the same picture. Barcelona locals have been protesting against mass tourism.On July 6, a demonstration was held in which (according to organisers) between 10,000 and 15,000 people took to the streets (police estimates put the figure at around 3,000). Some even targeted individual tourists, spraying them with water pistols as they drank coffee or ate lunch…
In the latest episode of “Fansville,” Deputy Quinn Ewers is urged to call for backup but resists. After a brief exchange with his fellow officer, Texas’ third-year starting quarterback delivers the punchline.“We don’t need any backup, even if he has great hair and famous relatives,” Ewers said.The allusion to Arch Manning is both an amusing moment and clever writing in Ewers’ national Dr Pepper commercial. But it also hints at the unique dynamic at Texas. Ewers, the former No. 1 recruit in America, is one of the most well-known names in the sport, a Heisman Trophy candidate who took the Longhorns…
A trader works on the floor of the New York Stock Exchange in New York, US, on Friday, Aug. 23, 2024. Bloomberg | Bloomberg | Getty ImagesStocks climbed Friday as investors looked to end a volatile month of trading on a high note, while assessing crucial inflation data closely watched by the Federal Reserve.The S&P 500 traded 0.2% higher, while the Nasdaq Composite gained 0.4%. The Dow Jones Industrial Average was last trading 0.2% lower.The personal consumption expenditures price index, the Federal Reserve’s preferred inflation gauge, rose 0.2% on a monthly basis and 2.5% from a year ago, coming in line…
Check out the companies making headlines in premarket trading: CrowdStrike — Shares of the cloud security platform ticked up about 2% following an upgrade to buy from HSBC. Analyst Stephen Bersey asserted that “the bad news is behind us” on CrowdStrike stock regarding the mid-July outage tied to a software update. Lululemon — The athleisure stock advanced 4.5% after following an earnings beat. Lululemon reported $3.15 earnings per share in the second quarter, topping an LSEG estimate of $2.93 per share. To be sure, revenue of $2.37 billion fell below a consensus of $2.41 billion. The company also lowered its…
A Gap store in New York, US, on Monday, May 27, 2024. Stephanie Keith | Bloomberg | Getty ImagesGap raised its full-year profit outlook on Thursday after seeing better-than-expected results at its largest brand, Old Navy.The apparel company’s fiscal second quarter results were released earlier than planned after the company “inadvertently” posted them to its website and then removed them, a Gap spokesperson told CNBC.”As soon as the error was caught, we notified the NYSE and trading of our stock was halted temporarily,” the spokesperson said, adding the results were posted “as a result of administrative error.”Gap’s stock was halted just before…
Traders work on the floor of the New York Stock Exchange during morning trading on August 23, 2024 in New York City. Michael M. Santiago | Getty ImagesStocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox.Here’s what CNBC TV’s producers were watching during Thursday’s trading and what’s on the radar for Friday’s session.Marvell TechnologyThe tech earnings parade rolled along on Thursday with Marvell Technology.The stock is up about 8% after hours after Marvell reported better-than-expected revenue in the latest…
