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‘The Big Money Show’ panel discusses Wall Street’s bold 2026 forecasts, the A.I. boom reshaping the economy and how President Donald Trump’s policies could drive the next major market rally. People who use their cars for work will be able to deduct more money per mile on their taxes in the new year.  The Internal Revenue Service (IRS) announced this week that the standard mileage rate for business driving will increase by 2.5 cents per mile. Additionally, vehicles used for medical purposes will decrease by half a cent, which the agency said reflects “updated cost data and annual inflation adjustments.” The…

As part of this year’s Top 100 Most Influential People survey, Accounting Today asked, “What has been the most important change in accounting during your career?”Processing ContentThe full responses of all the candidates are below. (The full T100 list is available here. And to see who the Top 100 voted the most influential, see here.)The most important change in accounting has been the profound transformation driven by technology and innovation. Early in my career, I led efforts to modernize our Audit & Assurance business, introducing strategic changes that incorporated new methodologies and digital tools. Today, advances like artificial intelligence (AI) and…

Mortgage rates are lower, home prices are easing, and there is more supply on the market for sale. All of that adds up to improved affordability for today’s homebuyers. Saving for a down payment, however, is still the biggest hurdle for first-time buyers. Prices nationally are basically flat compared with where they were a year ago, according to Parcl Labs, which runs daily studies of U.S. home prices. They dipped into negative territory earlier this month and are now just 0.3% higher year over year. The latest S&P Cotality Case-Shiller home price index, which reflects pricing from October, showed large…

As the restaurant industry endured another difficult year, many chains opted to close underperforming locations as they try to turn around their businesses.Inflation-weary consumers have pulled back their restaurant spending, choosing to eat at home or chasing deals when they go out for a meal. While some restaurants have won over reluctant diners, the industry has largely struggled with the sales slump. Traffic to restaurants open at least a year fell every month in 2025, excluding only July, according to Black Box Intelligence. In years past, restaurant closures have been more concentrated across casual-dining chains, which lost customers to fast-casual…

Beyoncé’s big-screen breakout role came in 2002, when she played Foxxy Cleopatra in “Austin Powers in Goldmember.” The comedy was the seventh-highest-grossing film of the year.She reportedly earned $12.5 million for her role in the 2006 film “Dreamgirls,” not counting additional earnings from the soundtrack.Her company, Parkwood Entertainment, has produced films including “Cadillac Records” in 2008 and “Obsessed” in 2009. The latter, which starred Beyoncé opposite Idris Elba, grossed $74 million at the box office against a $20 million budget.More recently, Beyoncé voiced Nala in Disney’s live-action remake of “The Lion King” in 2019. She was reportedly paid $25 million…

Many of America’s oldest workers said that they strive not to look or feel “old” — in the words of 101-year-old author Jack Weber, “Don’t let the old man in.”Many workers said they would try to cover up their age however they could. Some women said they would try to dress younger or dye their hair, while some men said they would try to stay involved with physical labor at their construction sites or manufacturing facilities. Some expressed hesitation at first in telling me their age in case their coworkers, who thought they were much younger, would see the article.Some…

Frequently asked questions in IRS Fact Sheet 2025-10 have been updated reflecting changes to the Premium Tax Credit made under the One Big Beautiful Bill Act to provisions that no longer apply.Processing ContentThe Premium Tax Credit is a refundable tax credit that helps individuals and families of low or moderate income with the cost of their health insurance purchased through the Health Insurance Marketplace, a.k.a. the Exchange. The OBBBA made a number of changes to the credit, including removing the limitations on repayment of excess advance payments of the premium tax credit for tax years beginning after Dec. 31 this year.The revisions and additions:Update…

2025-12-30T14:21:01.213Z 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. US presidents have redecorated the Oval Office in different ways since it was first built in 1909. Most presidents have sat at the Resolute Desk, but others brought in their own personal furniture. President Donald Trump has added numerous gold embellishments to the Oval Office. It’s been nearly 100…

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.The 2025 economy wasn’t as robust as anticipated — and that’s shaping the commercial real estate outlook for 2026. The economy has slowed down, unemployment is up and construction has taken a bit of a breather across most sectors. This year saw increases in both tariffs and immigration restrictions. Together,…

Every tax season brings its own challenges; however, the upcoming months are shaping up to be a high-stakes tax Super Bowl, with major legislative changes, IRS workforce disruptions, and tight development timelines for federal and state systems increasing pressure on tax professionals. After a year marked by a 43-day government shutdown, significant staff departures, and increasing manual-process backlogs, the Internal Revenue Service is preparing for tax season with fewer experienced workers and potentially higher inventory levels. This occurs as millions of taxpayers face numerous legislative and regulatory changes.Processing ContentNow throw into the mix delays in updating federal forms, schemas (digital…