Xi warns against foreign interference in Taiwan, says China will ‘never promise to renounce’ force

In a wide-ranging speech during the opening session of the 20th Chinese Communist Party’s Congress, Xi spoke firmly about China’s resolve for reunification with the self-governed island, which Beijing considers part of its territory. Noel Celis | AFP | Getty Images BEIJING — Chinese President Xi Jinping said China reserves the option of “taking all…

Trump Media fired executive whistleblower after he spoke to Washington Post, shared documents

In this article DWAC Follow your favorite stocksCREATE FREE ACCOUNT In this photo illustration, the social media platform, Truth Social logo seen displayed on a smartphone with a photo of former US President Donald Trump displayed in the background. Rafael Henrique | Lightrocket | Getty Images Former President Donald Trump’s media company fired an executive…

‘The hell with it’: Elon Musk tweets SpaceX will ‘keep funding Ukraine govt for free’ amid Starlink controversy

A smartphone with the Starlink logo displayed on the screen. Sopa Images | Lightrocket | Getty Images Elon Musk said in a tweet Saturday that his company SpaceX would continue to fund Starlink satellite internet terminals for the Ukrainian government as it battles invading Russian forces. “The hell with it,” the billionaire tweeted, “even though Starlink…

Can you afford a ‘second act’ after retirement? Here are some questions to ask yourself

Fg Trade | E+ | Getty Images Are you ready for a “second act” in retirement? Sadly, large numbers of Americans heading into their 60s are not — at least from a financial perspective. While the average amount of retirement savings for Americans between the ages of 55 and 64 was $408,000 in 2019, per…

The ‘bummer’ of the $7,500 electric vehicle tax credit: Its full value may be hard to get

Tomekbudujedomek | Moment | Getty Images The historic climate legislation President Joe Biden signed in August offered a federal tax break — worth up to $7,500 — to households that buy new electric vehicles. But it may be tough for consumers to get the full value of the tax credit — at least initially. That’s…

Understanding the Tax Treatment of Inventory: The Role of LIFO

Key Findings Last-in, First-out (LIFO) and First-in, First-out (FIFO) are two methods of inventory accounting used for both financial accounting and tax purposes. Both LIFO and FIFO rely on the accounting principle of deducting costs from income when goods are sold. This principle often comes into conflict with the economic principle of deducting costs when…

Jamie Dimon says expect ‘other surprises’ from choppy markets after U.K. pensions nearly imploded

In this article JPM Follow your favorite stocksCREATE FREE ACCOUNT Jamie Dimon, chief executive officer of JPMorgan Chase & Co., during a Bloomberg Television interview in London, U.K., on Wednesday, May 4, 2022. Chris Ratcliffe | Bloomberg | Getty Images JPMorgan Chase CEO Jamie Dimon says investors should expect more blowups after a crash in…

Rupert Murdoch explores reuniting Fox and News Corp.

In this article FOXA NWSA Follow your favorite stocksCREATE FREE ACCOUNT President Donald Trump (L) is embraced by Rupert Murdoch, Executive Chairman of News Corp, during a dinner to commemorate the 75th anniversary of the Battle of the Coral Sea during WWII onboard the Intrepid Sea, Air and Space Museum May 4, 2017 in New…

JPMorgan Chase tops estimates as bank reaps more interest income than expected after jump in rates

In this article JPM Follow your favorite stocksCREATE FREE ACCOUNT Jamie Dimon, CEO of JPMorgan Chase, testifies during the Senate Banking, Housing, and Urban Affairs Committee hearing titled Annual Oversight of the Nations Largest Banks, in Hart Building on Thursday, September 22, 2022. Tom Williams | CQ-Roll Call, Inc. | Getty Images JPMorgan Chase on…