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The summons requires M.Y. Safra Bank to submit information about taxpayers who failed to report and pay their taxes on crypto. 2857 Total views 201 Total shares With the crypto community growing bigger and as trading volumes reach new highs, the United States is also making more effort to ensure that its Internal Revenue Service […]
U.S. stocks opened sharply lower Friday, with all three major benchmarks heading for weekly losses in the wake of the Federal Reserve’s large interest rate hike and a surge in Treasury yields. The Dow Jones Industrial Average DJIA, -1.50% was down around 1% soon after the opening bell, while the S&P 500 SPX, -1.76% dropped […]
Shares of oil and gas companies were taking a broad beating ahead of Friday’s open, as growing concerns of a coming recession has sent crude oil futures CL00, -4.87% sinking toward an eight-month low. The SPDR Energy Select Sector ETF XLE, -5.32% slumped 3.2% in premarket trading, with all 21 components selling off, as crude […]
Novartis AG NOVN, -0.81% on Thursday told investors that the Swiss drug maker plans to adopt a “U.S.-first mindset” in its bid to become a “top-five player” in the U.S. market by 2027. Novartis is one of the world’s largest pharmaceutical companies; however in the U.S., it was the tenth largest by revenue in the […]
NextEra Energy Inc.’s NEE, -1.70% Florida Power & Light unit said it plans to refund about $400 million in federal tax savings to its 5.8 million customers. The savings stem from a federal production tax credit (PTC) for the development of the company’s current stable of 50 operational solar power sites. FPL said it will […]
Shares of Spectrum Pharmaceuticals Inc. SPPI, -26.13% were down 22.0% in premarket trading on Friday, the day after a Food and Drug Administration committee voted 9-4 that the benefits of the company’s experimental lung-cancer drug do not outweigh the risks. The FDA is not required to follow the committee’s advice when deciding when to approve […]