Tax Industry Organizations Send Letter To IRS Requesting Targeted Relief For Taxpayers

Tax industry organizations request taxpayer relief from IRS Commissioner, Charles Rettig. Getty Images Today organizations representing professionals in the tax industry sent a letter to IRS Commissioner, Charles Rettig, and the Department of Treasury’s Assistant Secretary for Tax Policy, Lily Batchelder, requesting specific relief for taxpayers for the 2022 tax season. The letter reminds the…

5 Stocks These Female Managers See Value In

Summary While they have different strategies, the two women have several holdings in common. Catherine Wood (Trades, Portfolio), the founder, chief investment officer and CEO of ARK Investment Management, has made a name for herself through investing in “disruptive innovation” stocks. Implementing an iterative process that combines top-down and bottom-up research, her New York-based firm seeks to…

Here’s Why Big Bank Stocks Like JPMorgan Are Struggling Despite Solid Earnings

Topline Shares of several major banks tanked on Friday—even after reporting solid quarterly earnings—as reports underwhelmed investors and some firms warned about rising expenses and “inflationary pressures” which could impact future profits. JPMorgan Chase CEO Jamie Dimon. Michel Euler/ASSOCIATED PRESS Key Facts Shares of JPMorgan Chase, the largest U.S. bank by assets, lost more than…

Billionaire Bankman-Fried’s FTX Launches $2 Billion Crypto Fund Amid Venture’s Massive Deal Boom

Topline Fresh off a record year for crypto funding deals, FTX Trading, one of the world’s busiest cryptocurrency exchanges, announced on Friday it has launched a $2 billion crypto-focused venture capital fund, making it the latest megafund promising to plow billions of dollars into burgeoning startups in the nascent crypto space.  Sam Bankman-Fried, co-founder and…