The Carried Interest Loophole Survives Again

Once again, carried interest carried the day. The last-minute removal by Senate Democrats of a provision in the climate and tax legislation that would narrow what is often referred to as the “carried interest loophole”…

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Senate Plan Would Put Bitcoin, Ether Under Commodity…

Leaders of a Senate committee are set to propose legislation that would assign oversight of the two largest cryptocurrencies, bitcoin and ether, to the federal agency that regulates milk futures and interest-rate swaps. Senate Agriculture…

IRS Causes Confusion and Pushback with Changes to…

Figuring out the most efficient way to navigate the tax impact of inheriting individual retirement accounts has become more complicated since the Internal Revenue Service issued proposed new rules in February. The rules on inherited IRAs were most recently changed in the…

Individual Investors Ramp Up Bets on Tech Stocks

Technology stocks have taken a beating this year. Many individual investors have used it as an opportunity to double down. The Nasdaq Composite Index—home to the big tech stocks that propelled the market’s decadelong rally—has…

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Yellen Says No Signs of Recession Despite GDP…

Treasury Secretary Janet Yellen said Thursday that the U.S. economy doesn’t appear to be in a recession despite two straight quarters of negative gross domestic product (GDP). During a Thursday press conference after the release of GDP…

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What Can Be Done About the Cost of…

America’s highways are potholed, its ports overloaded and many of its bridges decrepit. Some 43% of public roadways are in poor or mediocre condition, according to the American Society of Civil Engineers, which gave the…