Author: Editor

On a recent Friday night in Times Square, a pair of 25-year-old tech-finance bros sat in a booth at Red Lobster, sharing a lobster tail and a plate of lobster and shrimp linguine. It was the first time for both. They’d come, they said, because of the CEO.”The guy’s, like, 36 and already on his second turnaround,” said Rohit Majumdar.”I’m kind of rooting for him personally,” added Aveek Ganguly. “We literally came here tonight to see what the turnaround looks like, to see if he’s doing a good job.”They were talking about Damola Adamolekun, the private-equity wunderkind who was named…

The Supreme Court seemed torn in a case that pits property rights against the government’s ability to collect unpaid taxes. Heather Diehl/Getty Images hide caption toggle caption Heather Diehl/Getty Images The Supreme Court seemed torn Wednesday in a case that pits property rights against the government’s ability to collect unpaid taxes. At issue is whether a county can seize a homeowners residence for unpaid property taxes and sell the house at auction for less than the homeowners would get if they put their home on the market themselves.  In 2023, the Supreme Court ruled that when a government entity puts up…

A voter carries a ballot during early voting for New York City’s mayoral election on Oct. 25, 2025. Olga Fedorova/AP hide caption toggle caption Olga Fedorova/AP In a call Wednesday with many of the top voting officials across the country, a senior Department of Homeland Security official stated that Immigration and Customs Enforcement agents would not be patrolling polling places during this year’s midterm elections. “Any suggestion that ICE is going to be present at polling places is simply disinformation,” said Heather Honey, DHS assistant secretary for election integrity, according to a participant on the call who spoke to NPR…

The Governmental Accounting Standards Board released a proposed Implementation Guide Wednesday with questions and answers on the requirements related to subsidies in Statement No. 103, “Financial Reporting Model Improvements.”Processing ContentThe proposed implementation guidance on “Financial Reporting Model Improvements — Subsidies” includes eight new questions and answers that address the application of GASB requirements under Statement 103 related to subsidies. The proposed guide also includes amendments to Question 4.5 in Implementation Guide No. 2025-1, Implementation Guidance Update — 2025, also related to subsidies.GASB sometimes issues new and updated guidance to assist state and local governments in applying U.S. GAAP to specific…

The Internal Revenue Service and the Treasury Department said Wednesday they intend to issue proposed regulations under Section 987 of the Tax Code regarding the determination of taxable income or loss and foreign currency gain or loss with respect to a qualified business unit.Processing ContentIn Notice 2026-17, they announced forthcoming proposed regulations that would allow taxpayers to elect the equity and basis pool method for the computation of unrecognized section 987 gain or loss, in addition to announcing other simplifying rules related to the final Section 987 regulations published back in December 2024. Notice 2026-17 also signals that proposed regulations will…

I’ve learned that there are three types of dog owners in the world: those who have dogs but treat them like pets with basic needs, those who absolutely love their dogs and spoil them, and those who treat their dogs like children. I’m proudly in the third category.I grocery shop for my dogs so I can home-cook their meals. I buy them Christmas presents, post photos of them on their Instagram account to more than 12,000 followers (whom I reply to on their behalf), take them to photoshoots and brand partnerships, and got them European passports so I can take…

Owning a home is increasingly feeling more out of reach for many Americans.One of the many factors that add to the pressures and challenges of homeownership is the ongoing cost of property taxes, which persists even after a property is paid off.For some, property taxes are little more than an afterthought, while for others, they can be a significant financial setback on top of mortgage or insurance payments.A recent WalletHub study looked at the tax burden of owning real estate across the US and ranked all 50 states by the effective tax rate paid by homeowners in the state. The…

Crowe Global reported international revenues of $6.5 billion in 2025 across its international accounting firm network, a 12% increase year over year.Processing ContentLast year, the network reported 10% growth over 2024. The network saw growth across all its regions in 2025, led by Europe (21%), followed by the Middle East (19%), Asia Pacific (16%) and North America (8%).In 2025, Crowe Global added new member firms in Belgium, Switzerland and Japan, expanding it to over 150 countries, 815 offices and 46,000 professionals. Other gains from strategic acquisitions. Last month, Crowe’s U.S. firm announced an investment in Crowe Advisory Services India, a…

With the first month of tax season coming to a close, data from the Internal Revenue Service suggest that taxpayers are looking for more help, even as they’re getting more money back than last year.To start, the size of the average refund is up significantly, at $2,746 as of Feb. 13, the latest figure available. That’s more than $300 above the average refund from the same time a year ago, as predicted by IRS and Treasury officials, who said the decision not to change the tax withholding tables this year and the passage of the tax cuts in the One…

An editor who worked for YouTube creator MrBeast, whose legal name is James Donaldson, has been suspended by Kalshi after the platform says the editor traded on insider information. Rebecca Blackwell/Associated Press hide caption toggle caption Rebecca Blackwell/Associated Press An editor who works for YouTube’s biggest creator, MrBeast, has been suspended from the prediction market platform Kalshi and reported to federal regulators for insider trading, Kalshi officials said on Wednesday. It’s the first time the company has publicly revealed the results of an investigation into market manipulation on the popular app. The MrBeast employee, who Kalshi identified as Artem Kaptur,…