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Accountants’ confidence in the global economy remains weak entering 2026.Processing ContentThe Association of Chartered Certified Accountants and the Institute of Management Accountants released the latest edition of their quarterly Global Economic Conditions Survey, which polled almost 1,200 accountants and other finance professionals. It found that confidence remains at a low level, albeit notably higher than the same period in 2025. While the global economy performed better than expected last year and is expected to remain resilient this year, a number of uncertainties remain.Accountants flagged economic pressures like inflation, recession and interest rates as the top risk priority in 2025, followed…

President Donald Trump signs the One Big Beautiful Bill Act on the South Lawn of the White House.Kent Nishimura/Bloomberg The new Notice 2026-11 from the Internal Revenue Service provides guidance on the permanent 100% additional first-year depreciation deduction for eligible depreciable property acquired after Jan. 19, 2025, provided by the One Big Beautiful Bill Act.Processing ContentThe notice also provides guidance on certain qualified sound recording productions that the OBBBA added as property that may be eligible for the additional first-year depreciation. The notice also provides interim guidance to taxpayers that they may generally rely on the existing additional first-year depreciation deduction…

2026-01-15T20:01:32.055Z Share Copy link Email Facebook WhatsApp X LinkedIn Bluesky Threads lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Department stores have changed dramatically over the last 100 years. Department stores once sold necessities. Now, many are struggling to remain in business. While some classic chains cease to exist, other retailers have found ways to increase sales. In the early 1900s, department stores existed to sell necessities, including…

Amazon’s business partnership with luxury retailer Saks Global has hit a sour note.The e-commerce giant invested $475 million of preferred equity in Saks Global — the owner of department stores Saks Fifth Avenue, Neiman Marcus, and Bergdorf Goodman — in December 2024.Now, Amazon says its stake is “presumptively worthless,” and it has asked a federal judge to reject the retailer’s bankruptcy financing plans, which it says will further diminish its chances of recovery.”That equity investment is now presumptively worthless after Saks continuously failed to meet its budgets, burned through hundreds of millions of dollars in less than a year, and…

A version of this article first appeared in the CNBC Sport newsletter with Alex Sherman, which brings you the biggest news and exclusive interviews from the worlds of sports business and media. Sign up to receive future editions, straight to your inbox.As prediction market trading volume booms, Truist analysts say there could be an unlikely source behind the surge. Analyst Barry Jonas wrote this week that 18- to 20-year-olds, who are too young to gamble legally in most states, could be contributing significantly to the growth of prediction markets.Specifically, data from HoldCrunch, founded by a former FanDuel executive, shows prediction platform Kalshi is taking…

A new $6,000 tax deduction for Americans 65 and older could boost refunds for millions of older taxpayers, putting an average of about $670 more in their pockets this year, according to advocacy group AARP.”The benefits could be vast,” said Bill Sweeney, AARP’s senior vice president of government affairs, in a conference call Thursday. “The bonus deduction will run through 2028 — that is four years of immediate relief at a time when older Americans are facing really high costs.”The $670 figure is based on a 2025 analysis by the White House Council of Economic Advisers, which assessed the impact of the…

Maskot/Getty Images/Maskot 2026-01-15T17:58:43.933Z Share Copy link Email Facebook WhatsApp X LinkedIn Bluesky Threads lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. WalletHub, a personal finance company, released its “Best and Worst States to Raise a Family” list. The company compared all 50 states across five categories, including affordability and childcare. Top states cluster in the Northeast and Midwest; surprisingly, no state in the South made the cut. With…

Law enforcement officers stand amid tear gas at the scene of a shooting Wednesday in Minneapolis. Adam Gray/AP hide caption toggle caption Adam Gray/AP President Trump on Thursday threatened to invoke the Insurrection Act to suppress protests in Minnesota, a week after an ICE agent fatally shot a 37-year-old Minneapolis woman.  The shooting death of Renee Macklin Good sparked protests nationwide against ICE’s continued presence in Minnesota and across the country.  Protesters were further incensed on Wednesday evening when ICE agents in Minneapolis shot a Venezuelan immigrant in the leg during an attempted arrest.  Writing on Truth Social, Trump said:…

U.S. President Donald Trump, in front of U.S. Secretary of Health and Human Services Robert F. Kennedy Jr., delivers remarks at the White House, in Washington, D.C., U.S., Sept. 22, 2025. Kevin Lamarque | ReutersPresident Donald Trump on Thursday rolled out the broad outline of a health-care plan that the White House claims will lower drug prices and insurance premiums.The announcement came as a congressional effort to extend key Affordable Care Act tax credits faces headwinds from Senate Republicans, leaving millions at risk of seeing their health insurance premiums spike.The Trump administration dubbed the initiative “The Great Healthcare Plan,” the…

The biggest ethereum holding company in the world is betting big on the digital finance ambitions of one of the world’s top online content creators.Tom Lee, the cofounder of global investment advisory firm Fundstrat Global Advisors, announced on Thursday that Bitmine Immersion Technologies is investing $200 million in Beast Industries, the holding company founded by YouTube star MrBeast.Jimmy Donaldson, better known by his social media moniker, announced plans to launch a financial services platform in December, and Lee said on Thursday that he believes it will play a pivotal role in one of the financial sector’s fastest-growing markets.Beast Industries CEO…