Author: Editor

The Internal Revenue Service didn’t follow its own internal procedures when terminating thousands of probationary employees nor consider their individual performance, according to a new report.The report, released Tuesday by the Treasury Inspector General for Tax Administration, took a critical look at the wave of terminations initiated earlier this year by the Elon Musk-led Department of Government Efficiency. Many of the terminations were halted by court challenges, but the IRS has nevertheless lost about 25% of the approximately 100,000 employees it had in January, due to layoffs, voluntary buyouts under the IRS’s deferred resignation programs, and early retirement.The report noted…

A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.Senior living has long been a somewhat under-the-radar real estate play, with a somewhat unappealing reputation. But it is on the edge of a boom — a baby boom to be exact. More than 4 million boomers will hit 80 in the next five years, and occupancy at both active adult and…

The state with the highest CPA exam pass rate in 2024 was Nebraska at 61.9%, followed by Utah at 58.6% and Montana at 57.4%, according to a new report.The National Association of State Boards of Accountancy today released “The NASBA Report: Candidate Performance on the Uniform CPA Examination – 2024 Edition.” The report analyzes data from all four testing quarters in 2024, including the three core sections (AUD, FAR and REG) and the three new discipline sections (BAR, ISC and TCP) of the exam, to show candidate success and exam trends across jurisdictions and institutions. It also includes country performance…

The logo of Robinhood Markets is seen at a pop-up event on Wall Street after the company’s initial public offering in New York City on July 29, 2021.Andrew Kelly | ReutersRobinhood announced Tuesday that the online broker is launching new prediction markets for professional and college-level football.Customers will now be able to trade on the outcomes of “the most popular” NFL and college football games on the Robinhood app. Robinhood said those games would include regular season pro matchups and all college Power Four schools games.The prediction markets are currently rolling out, according to Robinhood, and will be available to…

S&P Global Ratings said revenues from Donald Trump’s tariffs will help soften the blow to the U.S.’s fiscal health from the president’s tax cuts, enabling it to maintain its current credit grade.While Trump’s trade war has roiled markets, unnerved foreign governments and provoked criticism from leading economists, S&P affirmed its AA+ rating for the U.S. — a score it’s given since 2011, when it first downgraded the world’s largest economy from AAA.This is in part because it reckons money flowing from the levies will offset the impact on the U.S.’s budget position from the recent tax and spending bill. It…

How Trump budget law will impact green energy How Trump’s budget law will impact green energy in the U.S. 08:06 The window to take advantage of clean energy credits is running out. After three years, the sun is setting on a series of tax credits aimed at lowering the cost of buying electric vehicles, as well as installing solar panels, heat pumps and other clean energy technologies in your home. That’s because, in July, Congress passed President Trump’s sweeping budget package, known as the One Big Beautiful Bill Act, which phases out the Biden-era clean energy subsidies earlier than originally outlined in the Inflation Reduction…