YouTube has appealed the verdict of a landmark social media addiction lawsuit in Los Angeles, seeking to challenge the jury’s determination that the company designed its platform to hook young users without concern for their well-being. Lawyers representing YouTube filed a notice of appeal Monday in Los Angeles County Superior Court, less than a week after Meta, […]
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The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has deleted a ₹10 lakh penalty imposed under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, holding that a genuine failure to disclose foreign employee stock option (ESOP) shares in the Schedule Foreign Assets (FA) of an income tax […]
Although the Bank of Canada has held its key rate steady this year, only 21 percent of Canadians say they could absorb an extra $130 in monthly interest payments, while 35 percent say they could not, as per the index. The share needing rates to fall rose one point to 62 percent, and 53 percent […]
OpenAI is reportedly developing a screenless smart speaker that could be released commercially as soon as 2027. It’s the company’s first-ever major hardware device. OpenAI’s speaker will be designed for home use. It’s battery-powered, so it can be carried from room to room, and it will include cameras, sensors, and mechanical elements, according to people […]
Revolut furthered its expansion strategy in the United Arab Emirates (UAE) by gaining in-principle approval to provide crypto services in the country. The company secured in-principle approval for a Virtual Assets Service Provider (VASP) license from the Virtual Assets Regulatory Authority (VARA) in Dubai, it said in a Wednesday (July 15) press release. Subject to Revolut obtaining final regulatory approvals, this license […]
I called Steve Hanke on the afternoon of July 14, days after he’d flagged something he called a dual bubble forming in AI markets, and one day after IBM suffered the worst single-day stock crash in its 115-year history. The “money doctor” has been advising governments—including the Treasury Department and the White House—for decades and […]
Michael Kitces has spent years studying what drives satisfaction among financial advisors, going beyond firm performance metrics to focus on personal wellbeing and career fulfillment. His latest research, the 2025 Advisor Wellbeing Study, reveals how advisor happiness has shifted in recent years and what factors are shaping those changes. Drawing from responses across the industry, […]
The International Ethics Standards Board for Accountants released a staff publication Wednesday on the ethical implications of emerging technologies such as artificial intelligence in the accounting profession today. Processing Content The new publication, Emerging Technologies: A Characteristics-Based Approach to Ethical Considerations for Professional Accountants, aims to support accountants as they develop, implement or use emerging […]
Form 1040-ES is an important IRS document designed for individuals who need to make quarterly estimated tax payments, especially those who are self-employed or earn income from investments. If you expect to owe at least $1,000 in taxes after deductions, this form is vital to avoid penalties. Comprehending how to calculate and submit your estimated […]