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Despite Trump's vow to boost industry, the manufacturing sector is officially in recession

7 monthes ago   |   By Stl Today

WASHINGTON - During President Trump's first two years in office, his standing with many voters was buoyed by a surge in manufacturing that helped create millions of new jobs and undergirded the whole U.S. economy. But today, manufacturing has plunged...
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IRS's New Cryptocurrency Rules Create ‘Messy' Problems for Industry

IRS's New Cryptocurrency Rules Create ‘Messy' Problems for Industry

7 monthes ago   |   By Fortune

For the first time since 2014, the Internal Revenue Service on Wednesday offered formal guidance on cryptocurrencies like Bitcoin-and not everyone is happy. While the new information clears up some long standing accounting questions , it also could expose anyone who owns cryptocurrency to unpleasant tax predicaments.
The guidance came in the form of a lengthy ‘Frequently Asked Questions' documents that provided new details about how the agency's 2014 position-which declared Bitcoin and other digital assets to be property-should apply in practice.
According to Katya Fisher , a...
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Global stocks jump as analysts say widespread protests in the US will have...

Global stocks jump as analysts say widespread protests in the US will have 'little to no effect' on markets

Global stocks climbed on Tuesday as investors largely ignored mass protests in the US, threats from President Donald Trump to deploy military forces to quash the protests, and... Read more ...

Here's what businesses damaged during civil unrest should know about...

Here's what businesses damaged during civil unrest should know about applying for insurance money - and how those worried about future damage can get for coverage

Small businesses suffered property damage losses amid protests against police brutality and the death of George Floyd. Protests that began peaceful turned destructive... Read more ...

Global stocks jump as analysts say widespread protests in the US will have...

Global stocks jump as analysts say widespread protests in the US will have 'little to no effect' on markets

Global stocks climbed on Tuesday as investors largely ignored mass protests in the US, threats from President Donald Trump to deploy military forces to quash the protests, and... Read more ...

Germany is planning a fresh $112 billion domestic coronavirus stimulus...

Germany is planning a fresh $112 billion domestic coronavirus stimulus package, just days after the EU launched its historic $826 billion plan

Germany could launch a fresh package of stimulus of as much as €100 billion to defend against the coronavirus, Bloomberg reported, just days after the EU proposed a €750... Read more ...

Watch 2 NASA astronauts try out SpaceX's new private spaceship for the first...

Watch 2 NASA astronauts try out SpaceX's new private spaceship for the first time in zero-gravity

SpaceX launched its first astronauts into space on Saturday: NASA's Bob Behnken and Doug Hurley . Behnken and Hurley gave a live tour of the SpaceX spaceship, called Crew... Read more ...

Uber, Lyft, and Lime say they'll suspend services in cities where curfews...

Uber, Lyft, and Lime say they'll suspend services in cities where curfews are implemented

Uber and Lyft said they'll suspend rides and deliveries in cities where curfews are issued. Over the weekend, Uber temporarily shut down in parts of California and... Read more ...

How COVID-19 is accelerating the need for digital B2B payments

How COVID-19 is accelerating the need for digital B2B payments

By James Anderson, executive vice president of global commercial products, Mastercard In offices around the world, millions of dollars are waiting. Checks are piling up in the... Read more ...

Twitter flags tweet from Rep. Matt Gaetz about wanting to 'hunt down'...

Twitter flags tweet from Rep. Matt Gaetz about wanting to 'hunt down' protesters, noting that it glorifies violence

On Monday, Twitter flagged a tweet from Republican Rep. Matt Gaetz of Florida as "glorifying violence." The platform turned off replies and likes on a Monday message from Gaetz... Read more ...

Elon Musk says it's 'not right' that the other three officers involved in...

Elon Musk says it's 'not right' that the other three officers involved in George Floyd's death haven't been charged

Elon Musk said Monday it's "definitely not right" for three other officers involved in the arrest that led to George Floyd's death to avoid charges. "What message does this... Read more ...

Here's a list of the social change organization that tech companies and rich...

Here's a list of the social change organization that tech companies and rich tech CEOs have vowed to support in response to George Floyd's death

The wealthy tech elite are opening their checkbooks to donate millions of dollars to organizations that they think will bring about criminal and social reform. Some of them are... Read more ...