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Congressional Republicans are betting bigger tax refunds ahead of midterm elections paid for by cuts in social programs afterward will overcome early public disapproval of President Donald Trump’s signature tax law. Timing is on their side. Voters will collect larger refunds on their tax bills before they head to the polls, but the brunt of the reductions to programs like Medicaid and food assistance for the poor won’t materialize until after the ballots are counted.”Next year they’re not gonna have people kicked off Medicaid. They’re going to have no tax on tips, no tax on overtime, tax relief for seniors,” said…

A new study revealed that TaxSlayer ranks highest in customer satisfaction among do-it-yourself tax services.J.D. Power’s inaugural U.S. Tax Preparation Satisfaction Survey found that the perceived value for price is the differentiating factor between top- and bottom- performing brands. This year, the overall satisfaction among filers landed at 705 on a 1,000-point scale.TaxSlayer had a score of 712, outranking Intuit TurboTax (708), H&R Block (706), TaxAct (692) and Jackson Hewitt (681).  jfergusonphotos – stock.adobe.com “This new study finds that tax filers using the largest brands often perceive little differentiation between do-it-yourself tax services and professional tax services,” Mike Foy, managing…

There’s a new accounting conference in town.Advisory Amplified, organized by creative consulting agency Fearless Foundry, is a series of small events across six cities from September 23 to October 9, 2025, looking to break the mold. The tour aims to be more accessible — offering tickets at a lower price and closer to home — and emphasizes its women-led speaker lineup and handpicked technology vendors.The idea for the conference came from seeing a lack of growth in the conversations around advisory.”I was back at some of the main industry conferences for the first time in a few years, and it…

An American Airlines Boeing 787-9 Dreamliner lands at the Miami International Airport on December 10, 2021 in Miami, Florida.Joe Raedle | Getty ImagesAmerican Airlines is reviving some of its pre-pandemic destinations like Prague and Budapest, Hungary, as international travel continues to hold up better than domestic demand.Other additions include its first-ever Dallas Fort Worth International flights to Athens, Greece, and year-round nonstop service between Miami and Milan.American is also extending service for next year’s World Cup, from Buenos Aires, Argentina, to Dallas and between Dallas and Zurich, where soccer’s governing body, FIFA, is based,. Those flights will run from May…

Gregorys Coffee was founded in 2006 and has more than 50 locations.Source: Gregorys CoffeeCraveworthy Brands is now investor and managing partner of Gregorys Coffee, a New York City-based coffee chain with dreams of a nationwide footprint.The two companies announced the deal on Thursday. Financial terms were not disclosed.Craveworthy Brands, a fast-growing restaurant holding company, has become a prolific investor since its founding in 2022. Its portfolio includes legacy chains such as Genghis Grill and BD’s Mongolian Grill, emerging concepts including Shaquille O’Neal’s Big Chicken as well as several virtual brands that only offer delivery.Gregorys was founded in 2006. The regional…

Warner Bros. Discovery’s earnings got a boost from its film studios after a handful of box office hits during the second quarter.The period from April though June saw the releases of “A Minecraft Movie,” “Sinners,” “Final Destination: Bloodlines,” and “F1,” which together generated $2 billion in the global box office to date, the company said Thursday.WBD reported total revenue for the studios segment — which also includes distributing TV content — increased 55% during the quarter to $3.8 billion, with theatrical revenue up 38%, excluding the impact of foreign currency exchange, due to the higher box office revenue.Adjusted earnings before…

Warren Buffett, Bill and Melinda Gates, in an interview on May 5, 2015CNBCA version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.In June 2010, Bill Gates, Melinda French Gates and Warren Buffett started what could be described as the world’s most ambitious fundraising drive. After promising to give away the vast majority of their wealth, the trio asked their ultra-wealthy peers to pledge at least half of their assets to charity during their lifetimes or in their estates.In…

Clothing inside a Peloton store in Palo Alto, California, US, on Monday, Aug. 5, 2024. David Paul Morris | Bloomberg | Getty ImagesPeloton posted a surprise profit for its fiscal fourth quarter on Thursday and outlined its strategy to return to growth under new CEO Peter Stern. Shares gained 6% in early trading. The connected fitness company, known for its stationary bikes and treadmills, posted a net income of $21.6 million, compared with a loss of $30.5 million in the year-earlier period. That’s thanks to better than expected sales but also, Peloton’s efforts to cut its operating expenses, which Stern said…

Eli Lilly on Thursday hiked its 2025 guidance and posted second-quarter earnings that topped estimates on strong demand for its blockbuster weight loss and diabetes drugs.The company raised its fiscal 2025 sales guidance to $60 billion to $62 billion, from a previous outlook of $58 billion to $61 billion on underlying strength across its business. The pharmaceutical giant also expects its adjusted fiscal 2025 earnings to come in between $21.75 and $23, up from previous guidance of $20.78 to $22.28 per share. Eli Lilly said the guidance reflects President Donald Trump’s existing tariffs as of Aug. 7, but does not include his planned…