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A Fedex truck is seen during heavy traffic on Sept. 16, 2025 in New York City. Zamek | View Press | Corbis News | Getty ImagesFedEx beat on the top and bottom lines in its fiscal first-quarter earnings report on Thursday.The stock rose more than 5% in after-hours trading on Thursday.”Despite significant volatility and uncertainty around the global trade environment, our results demonstrate the resilience we have built into our network,” CEO Raj Subramaniam said in a call with analysts Thursday. “They also reflect the dedication of our world class team, who have adapted quickly to serve customers with excellence…

Democrats in the Senate and House proposed a bill aimed at ensuring billionaires pay a “fair share” of taxes, without actually raising their tax rate under current law, while Republicans advanced tax legislation of their own pertaining to the Internal Revenue Service and the U.S. Tax Court.The Democrats’ Billionaires Income Tax Act would expand on an accounting method already used in the Tax Code and would apply to fewer than 1,000 taxpayers and raise more than $500 billion. Only taxpayers with more than $100 million in annual income or more than $1 billion in assets for three consecutive years would…

Jimmy Kimmel is off the air, and his show’s abrupt suspension has put a spotlight on the fraught politics of the broadcast TV business — and the billions of dollars at stake.The late-night host’s show was pulled from ABC on Wednesday after Kimmel made comments about Charlie Kirk’s death. The comments had drawn the ire of Federal Communications Commission chair Brendan Carr, who said in an interview earlier that day that the FCC might need to place broadcast licenses under review to ensure stations were operating “in the public interest.”Carr’s comments were bad news for local TV operators who own…

Tax management platform Instead is planning to offer completely free tax return preparation and filing for Forms 1040, 1041, 1120, 1120-S and 1065. “If you want to prepare your return, or print and file your return, or electronically file your return, we will make that free,” said CEO Andrew Argue in an interview. The release will come in phases. Instead’s tax solution will officially roll out after the April 15, 2025 tax year deadline, at which point users will only be able to file extended returns through the product. Argue said his company only recently gained approval as an official e-filer with…

2025-09-18T17:35:05Z Share Facebook Email X LinkedIn Reddit Bluesky WhatsApp Copy link 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. I recently left my home in New York to move across the country and start med school at Stanford. My weeks are busy, filled with long lectures and social engagements. Although medical school is difficult and involves working with cadavers, I’m building community. There’s a quiet moment each morning…

The lights are dimming on late-night TV, and Jimmy Kimmel’s suspension by ABC is the latest reminder of a fading era.Once the crown jewel of network television, the format faces pressure on multiple fronts. Hosts have become the target of Trump and his allies, who don’t find their satirical jokes funny and want them off the air. At the same time, late-night shows are grappling with declining ratings and ad revenue as audiences shift away from linear TV viewing to streaming and social media.On Wednesday, Disney’s ABC said it had pulled “Jimmy Kimmel Live!” off the air indefinitely. The suspension…

Sinclair, the largest ABC affiliate in the US, says the network didn’t do enough to reprimand Jimmy Kimmel for his remarks about Charlie Kirk.ABC, owned by Disney, said it “indefinitely” suspended production of “Jimmy Kimmel Live!” on Wednesday.Earlier that day, Federal Communications Commission Chairman Brendan Carr criticized Kimmel and suggested the agency could get involved during an interview with Benny Johnson, a conservative commentator. Then, Nexstar, another ABC affiliate, said it would “preempt” the show “for the foreseeable future.” Sinclair also suspended the show on its stations.The company said in a press release that ABC’s decision to suspend “Jimmy Kimmel…

FCC Commissioner Anna Gomez took ABC to task for suspending Jimmy Kimmel, saying the broadcaster “has put the foundation of the First Amendment in danger.””When corporations surrender in the face of that pressure, they endanger not just themselves, but the right to free expression for everyone in this country,” Gomez, a Biden appointee, said in a statement on Thursday. “The duty to defend the First Amendment does not rest with government, but with all of us. Free speech is the foundation of our democracy, and we must push back against any attempt to erode it.”ABC suspended the late-night host on…

The Financial Accounting Standards Board posted an accounting standards update to update the guidance on accounting for internal-use software costs. The amendments in the update apply to all entities subject to guidance in FASB Accounting Standards Codification Subtopic 350-40, Intangibles—Goodwill and Other—Internal-Use Software.”Modernizing software accounting guidance was a top priority identified by stakeholders during our last agenda consultation,” said FASB chair Richard Jones in a statement Thursday. “The new ASU addresses changes in software development methods, increasing the operability of the recognition guidance for improved financial reporting.”Under current GAAP, organizations have to capitalize development costs incurred for internal-use software depending on…

Show host Jimmy Kimmel delivers his opening monologue at the 96th Academy Awards in Hollywood, Los Angeles, California, U.S., March 10, 2024.Mike Blake | ReutersPresident Donald Trump’s pressure on media companies is mounting.On Wednesday, the Walt Disney Company pulled “Jimmy Kimmel Live!” off the air “indefinitely” from its ABC network after the host made comments linking the alleged killer of conservative activist Charlie Kirk to Trump’s “Make America Great Again” movement.The move is drawing comparisons to CBS’s cancellation of “The Late Show With Stephen Colbert” in July and raising questions about the protection of free speech in a Trump-era broadcast environment.”We hit…