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1 Article
Source: Fox News

IRS waives penalty for some Americans who underpaid taxes

17-Jan-2019

The Internal Revenue Service (IRS) announced on Wednesday that it is waiving a penalty for some Americans who may have unintentionally underpaid their 2018 tax liabilities.

“The lower rates in the Tax Cuts and Jobs Act reduced the amount taxpayers needed to withhold in their paychecks … Should they have marginally miscalculated their 2018 withholdings, this waiver ensures they will not face the standard penalty for underpaying their taxes,” the U.S. Department of Treasury’s Office of Public Affairs said in a statement.

1 Article
Source: Common Domain

Push to Block Easing of Sanctions Could Make U.S. Wary of High-Profile Targets

Friday 00:34 GMT

The congressional effort to block a deal lifting sanctions on companies controlled by an oligarch close to Russian President Vladimir Putin could give officials pause before they take on another high-profile target, analysts and experts say.

Sanctions practitioners, who had largely welcomed the agreement when it was announced, said the Democratic-led effort to block the removals injected politics into a technical process, and it could make the government reluctant in the future to go after wealthy targets who have significant investments.

1 Article
Source: Common Domain

The Morning Risk Report: Gillette’s Ad With a #MeToo Edge Gets Mixed Reactions

Saturday 16:19 GMT

The new ad campaign invoking the #MeToo movement from Procter & Gamble Co.’s Gillette is the latest test of how big consumer brands can navigate social movements to appeal to millennials without turning off customers who don’t agree with their message or don’t believe it is well-executed.

The nearly two-minute ad, which plays on the tagline Gillette has used for three decades, “The Best A Man Can Get,” has been viewed about 18 million times on YouTube.

1 Article
Source: Common Domain

Treasury yields extend weeklong climb as stocks surge on U.S.-China trade optimism

Saturday 19:04 GMT

Prices for U.S. government bonds softened Friday, pushing up yields, as a rally in global stocks held back appetite for haven assets like U.S. government paper.

The 10-year Treasury note yield TMUBMUSD10Y, +0.93% rose 4.1 basis points to 2.788%, extending a weeklong rise from last Friday’s closing level of 2.699%. The 2-year note yield TMUBMUSD02Y, +1.47% picked up 4.6 basis points to 2.612%, while the 30-year bond yield TMUBMUSD30Y, +0.47% advanced 2.2 basis points to 3.098%, its highest levels since Dec. 17.

1 Article
Source: Common Domain

Treasury yields see biggest weekly rise since November

Saturday 20:54 GMT

Treasury yields rose sharply on Friday, capping a weeklong rise, as a rally in global stocks dampened appetite for haven assets like U.S. government paper ahead of a three-day weekend for U.S. markets.

The 10-year Treasury note yield TMUBMUSD10Y, +1.29% rose 3.6 basis points to 2.783%, for a weekly rise of 8.2 basis points. The 2-year note yield TMUBMUSD02Y, +2.45% was up 4.8 basis points to 2.611%, its highest since Dec. 21, contributing to a weekly climb of 6.4 basis points.

50 Articles
Source: Fox News

Trump accuses Pelosi of being 'controlled by the radical left,' hours before White House statement on shutdown

Sunday 15:24 GMT

President Trump on Saturday accused House Speaker Nancy Pelosi of being controlled by the far-left, hours before he is due to make an "important" White House announcement on the partial government shutdown and border security. "She's being controlled by the radical left, which is a problem, and you know she's under total control of the radical left.

Pelosi wrote to Trump earlier this week calling on him to either delay the State of the Union address or submit it in writing.

1 Article
Source: Common Domain

Private-Equity Executives to Get Rusal Holding Company Votes in Sanctions Deal

Wednesday 21:50 GMT

Two private-equity executives were among the three people chosen to exercise voting rights on certain shares of EN+ Group PLC that will be relinquished as part of a deal to remove U.S. sanctions on the company.

The deal would remove sanctions on EN+ and two companies it controls, aluminum giant United Co. Rusal and energy firm JSC EuroSibEnergo. The companies weren’t accused of conduct that would have led to sanctions, but any property majority-owned by someone under U.S. sanctions is blocked under a policy known as the “50% rule.”


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