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☆ Montana’s TikTok ban throws users into new era of uncertainty
▼ + stars: | 2023-05-21 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +5 min

CNN —Keri Williams wouldn’t have her business without TikTok. But earlier this week, Montana Gov. Now, Williams, who lives near Montana’s largest city — Billings — is scrambling to figure out the future of her business. The law, set to take effect in January, has already been the subject of a lawsuit by a group of TikTok users who allege it infringes on their First Amendment rights. TikTok said in March that it has 150 million monthly active users in the United States, up from 100 million users in 2020, when the Trump administration first threatened to ban the service.

☆ Disney rocks DeSantis ahead of expected White House bid announcement
▼ + stars: | 2023-05-19 | by ( Stephen Collinson | ) edition.cnn.com time to read: +10 min

Disney did not specifically blame DeSantis for the move, partly citing “changing business conditions.” But the message was clear. In keeping with his bruising political persona, DeSantis reacted defiantly to Disney’s announcement that it would halt the office project. “Ron DeSantis’ failed war on Disney has done little for his limping shadow campaign and now is doing even less for Florida’s economy,” the Trump campaign said in a statement. Another possible GOP primary candidate, former Vice President Mike Pence, also leveraged the Disney announcement to jab DeSantis. Given his political exposure on Disney and the combative political image that is central to his White House hopes, DeSantis probably has no option but to further escalate the showdown.

☆ There's still time to collect a refund on your 2019 tax return: 'It doesn't make sense to leave money on the table'
▼ + stars: | 2023-05-19 | by ( Mike Winters | ) www.cnbc.com time to read: +4 min

Here's what you need to know about the ETIC and other notable tax credits, and which forms you'll need to file a 2019 tax return. Some people are eligible for an even larger payout: up to $6,557, if you qualified for the Earned Income Tax Credit (EITC) . A whopping $1.5 billion in tax refunds remain unclaimed from the 2019 tax season, with the average refund totaling $893, the IRS says. Hundreds of dollars from the Internal Revenue Service could be up for grabs if you haven't submitted your 2019 tax return yet. The IRS is only accepting mailed 2019 tax returns, so you'll need to send your tax return to the addresses listed on this IRS webpage.

☆ Clarence Thomas's first public scandal came in 1980, when he was a no-name aide to a GOP senator and complained to a journalist that his sister just waited by the mailbox for her welfare check
▼ + stars: | 2023-05-18 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +5 min

In 1980, 32-year-old Clarence Thomas was a no-name aide to a Republican senator. At a conference for Black conservatives, he complained to a journalist about his sister being on welfare. The journalist, Juan Williams, wrote a column about it that caught the attention of Reagan's team. "She gets mad when the mailman is late with her welfare check," Thomas said, according to Williams. Reagan ended up making massive cuts to welfare programs and allowing states to institute work requirements for welfare recipients.

☆ CNBC Daily Open: Markets lacked conviction
▼ + stars: | 2023-05-15 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Markets lacked conviction, while the debate over the U.S. debt ceiling remained roiled by passionate intensity. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Markets lacked conviction, while the debate over the U.S. debt ceiling remained roiled by passionate intensity, to borrow the words of Irish poet W. B. Yeats. Subscribe here to get this report sent directly to your inbox each morning before markets open.

☆ CNBC Daily Open: Markets’ ‘lack of conviction’
▼ + stars: | 2023-05-15 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

☆ What Is a W-4 and How Do I Fill Mine Out?
▼ + stars: | 2023-05-09 | by ( ) www.wsj.com time to read: +14 min

How Form W-4 has changedIf you haven’t checked in on your W-4 lately, you’ll want to take a gander, says Pete Isberg, an executive with payroll provider ADP. That’s because Form W-4 was overhauled in 2020 based on changes passed in the Tax Cuts and Jobs Act a few years earlier. At the top of the W-4 form, you enter your personal information and filing status. If you have multiple jobs, you’ll use Step 2(b)—Multiple Jobs Worksheet, which is found on page 3 of Form W-4. So after you file your Form 1040 tax return, your W-4 form updates should be next.

☆ Fijiana Drua brush aside adversity to retain Super W title
▼ + stars: | 2023-05-06 | by ( ) www.reuters.com time to read: +2 min

SYDNEY, May 6 (Reuters) - Fijiana Drua put aside a season of adversity to retain the Super W title with a 38-30 victory over the Queensland Reds in the final of the sixth edition of the Australian elite women's competition in Townsville on Saturday. While last year they topped the regular season standings, this year the Drua finished fourth and had to beat the four-times champion New South Wales Waratahs in the semi-finals to reach the final. On Saturday, tries from Drua number eight Sereima Leweniqila and winger Adita Miliana early in the second half broke open what had been a tight game. Hooker Tiarna Molloy and replacement winger Sam Curtis scored tries to make the scoreline more respectable but the Reds were unable to escape a fourth loss in the five Super W finals. "What an epic battle that was tonight, we'll definitely be back next year," said Queensland captain and Olympic Sevens champion Shannon Parry.

☆ Markets next week have to contend with how aggressive the Fed drumbeat sounds
▼ + stars: | 2023-04-28 | by ( Scott Schnipper | ) www.cnbc.com time to read: +8 min

"Is Chairman Powell going to say, 'It is likely that we pause now and assess what the economy is going to do?' "The tone on that balance is going to be very critical to how the market is going to move next week." "What is [Powell] going to do? June Fed meeting The betting on Wall Street right now is that, after next week, the Fed will standpat at its next meeting six weeks later, on June 13-14. Beyond Apple, some 161 other companies in the S & P 500 index are scheduled to report latest-quarter results next week.

☆ Bed Bath & Beyond files for bankruptcy
▼ + stars: | 2023-04-23 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +9 min

Chris Hammons unloads a bag of items she purchased at a Bed Bath & Beyond store in Dallas, Texas September 23, 2009. In its bankruptcy filing, Bed Bath & Beyond said it had $5.2 billion in debt and assets of just $4.4 billion. Discount chains such as HomeGoods and TJ Maxx have also undercut Bed Bath & Beyond’s prices. Without the differentiators of the lowest prices or widest selection, Bed Bath & Beyond’s sales stagnated from 2012 to 2019. And Bed Bath & Beyond is the latest retail chain to file for bankruptcy this year.

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☆ Inside the Wild World of Celebrity Keynote Speakers: Drugs, Alcohol
▼ + stars: | 2023-04-23 | by ( David Kushner | ) www.businessinsider.com time to read: +31 min

"I never saw myself as a speaker, let alone a motivational speaker," Leonard tells me while his assistant irons his jeans. 'When I ramble," Hunter told me, "hit me in the leg!" Every plane had been grounded, including the one stuck on the tarmac with an increasingly inebriated Hunter Thompson trapped inside. But by far the most all-consuming task was booking gigs for Hunter Thompson. Just before a debate with G. Gordon Liddy at Brown University, Hunter demanded that Betsy Berg, whom I now worked alongside at GTN, score him some crystal meth.

☆ Explainer: Tax cuts, balanced budget: What's not in Republican McCarthy's debt plan?
▼ + stars: | 2023-04-21 | by ( ) www.reuters.com time to read: +4 min

Some House Republicans have called for balancing the budget within 10 years, but McCarthy's proposed cuts would almost certainly not hit that goal. McCarthy's plan would not repeal two tax hikes secured by Democrats in last year's Inflation Reduction Act: a 15% minimum tax on large corporations and a 1% excise tax on stock buybacks. It also does not try to make permanent the temporary individual tax cuts contained in the 2017 Republican tax-cut package that are due to expire in 2025. His former budget director, Russell Vought, called for cuts to housing, education and health programs in a proposal released earlier this year. McCarthy's plan would not repeal Obamacare, or roll back enhancements secured by Democrats in 2021 and 2022.

☆ 'Love Is Blind' is hell on earth: Contestants say producers deprived them of food and sleep, preyed on their anxieties, and refused to let them quit
▼ + stars: | 2023-04-18 | by ( Katie Warren | ) www.businessinsider.com time to read: +29 min

After the 10 days, cast members must decide whether they want to get engaged to another contestant sight unseen — or go home. The season-two contestant Nick Thompson said "Love Is Blind" didn't adequately support its cast members — during or after filming. Many cast members believed "Love Is Blind" would be a cut above other reality shows. The first evening in Cancún, producers told Ruhl she couldn't attend a party for all the newly engaged couples because they thought she might have COVID-19. In a later episode he again became infuriated and threatened to leave when Reed came home late from clubbing with other cast members.

☆ The return of Bob Iger: Disney CEO makes moves that should please investors
▼ + stars: | 2023-04-01 | by ( Paulina Likos | ) www.cnbc.com time to read: +7 min

When Iger returned as CEO of Disney back in November 2022 , he promised to implement cost reductions and clean up the House of Mouse. Disney ditches metaverse The news: CNBC confirmed on Tuesday that Disney is getting rid of a small division focused on deploying metaverse initiatives. Disney's metaverse layoffs are part of Iger's broader corporate restructuring plan. Under Iger, Disney bought Marvel from Perlmutter in 2009 in a $4 billion deal. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Elon Musk's Twitter made a mistake on tax documents for laid off workers. Now they may miss the tax filing deadline.
▼ + stars: | 2023-03-29 | by ( Kali Hays | Sindhu Sundar | ) www.businessinsider.com time to read: +4 min

Former Twitter workers were told this week they likely received incorrect tax information. The error likely won't be rectified until after the IRS tax filing deadline on April 18. The company told them the issue likely won't be corrected until after the IRS deadline to file taxes has passed. To rectify the mistake on the W-2s, Twitter will send a W-2 C form, used to make corrections to W-2s. However, the IRS deadline to file taxes is April 18, so many former employees now must file an extension.

☆ Nordstrom, Neiman Marcus Supplier Paid California Workers $1.58
▼ + stars: | 2023-03-23 | by ( Charles R. Davis | ) www.businessinsider.com time to read: +5 min

The Department of Labor randomly investigated 50 clothing companies in Southern California. It found that more than 80% were breaking one or more provisions of federal labor law. One garment maker was paying workers just $1.58 an hour. In what the department described as a "particularly egregious case," one garment manufacturer — making clothes for brands including Nordstrom, Neiman Marcus, Stitch Fix, and Von Maur, per investigators — was found to be paying some workers an hourly rate of just $1.58. It shows, she argued, "that strong federal action is needed to change the abusive pay rates in the American garment manufacturing industry."

Fedex has been wringing costs from its bloated operations by shuttering offices, cutting jobs, reducing flights, grounding airplanes and canceling profit-sapping Sunday deliveries in far-flung areas. "Our cost actions are taking hold, driving an improved outlook for the current fiscal year," Chief Executive Raj Subramaniam said in a statement. Adjusted income for the fiscal third quarter ended Feb. 28 came in at $865 million, or $3.41 per share. Earnings per share were down $1.18 from the year earlier, but 68 cents higher than analysts' average estimate. FedEx shares jumped 11.3% to $227.12 in after hours trade.

March 16 (Reuters) - FedEx Corp (FDX.N) on Thursday raised its fiscal 2023 profit forecast and reported progress on its plan to shave $3.7 billion in costs from its global delivery business, and its shares jumped 12%. Fedex has been wringing costs from its bloated operations by shuttering offices, cutting jobs, grounding airplanes and canceling profit-sapping Sunday deliveries in far-flung areas. On Thursday, FedEx forecast fiscal 2023 adjusted profit of $13.80 to $14.40 per share, up from its previous projection of $12.50 to $13.50. Adjusted income for the fiscal third quarter ended Feb. 28 came in at $865 million, or $3.41 per share. At the close of the regular trading session on Thursday, FedEx shares were up about 18% year-to-date, versus the 8% gain in shares of more profitable rival United Parcel Service (UPS.N).

☆ How to Read Your Pay Stub
▼ + stars: | 2023-03-09 | by ( ) www.wsj.com time to read: +14 min

So residents of these states may have to work a little harder to track their earnings if their employer elects to forgo sharing pay stub documents. Only residents of California, Hawaii, New York, Rhode Island, New Jersey, and Puerto Rico will see this on their pay stub, according to Greene-Lewis. 10. pretax DeductionsDepending what workplace benefits are offered by your company and which ones you’ve elected to participate in, you may see pretax or before-tax deductions listed on your pay stub in addition to the various taxes you must pay. There is also another kind of common FSA you might be contributing to that could appear on your pay stub: the dependent-care FSA. Any after-tax withholding your employer makes should be noted on the pay stub.

☆ Paul Ryan Says Even MAGA Diehards Believe Trump Can’t Win in 2024
▼ + stars: | 2023-03-06 | by ( David Marchese | ) www.nytimes.com time to read: +23 min

Photo illustration by Bráulio Amado Talk Paul Ryan Says Even MAGA Diehards Believe Trump Can’t Win in 2024For a good long time during the George W. Bush and Obama presidencies, Paul Ryan was considered one of the intellectual leaders and shining stars of the Republican Party. Get out of this race.” But I don’t think Trump is going to get the nomination. I don’t think we want the lack of liberty that comes with government-made equality. Where I part company with the left is I don’t believe in socialism. I don’t believe in equality of outcomes.

The sketch series is the sequel to Mel Brooks' classic movie, "History of the World, Part I." The first two episodes of "History of the World, Part II" debuted March 6 on Hulu. How to watch 'History of the World, Part II'"History of the World, Part II" is now available to watch exclusively on Hulu. Can I watch 'History of the World, Part II' for free? Where can I watch 'History of the World, Part I'?

Wonderboom 3 is a compact Bluetooth speaker that delivers a ton of value for $100. The new speaker improves upon the battery life and Bluetooth range of the older Wonderboom 2, while keeping that model's compact, waterproof design. Ultimate Ears Wonderboom 3 The newest ultra-portable speaker from Ultimate Ears, the Wonderboom 3, is a 360-degree speaker that's ideal for travel and outdoor listening. There's also a feature that lets you pair two Wonderboom speakers together as a stereo set. Ultimate EarsThe Wonderboom 3 has nearly every feature you'd want from a portable Bluetooth speaker in the $100 price range.

☆ Betting on the Super Bowl? Here's how it will affect your tax bill
▼ + stars: | 2023-02-11 | by ( Mike Winters | ) www.cnbc.com time to read: +1 min

If you win money betting on the Super Bowl this weekend, don't spend it all at once — you'll have to pay taxes on those earnings. Typically, when you win $600 or more, gambling businesses will send you and the IRS tax forms, commonly a W-2G, but sometimes a 1099-MISC for raffle or sweepstake prizes. If the winnings are $5,000 or greater, the business that processed your bet might withhold up to 31% of the proceeds for federal income tax, according to the IRS. If you didn't receive the forms, you're not off the hook, either. That total is then added to Form 1040 line 8, under "other income."

☆ Here's why it's always a good time to start a business, despite inflation, layoffs, and a possible recession
▼ + stars: | 2023-02-09 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +4 min

That momentum is expected to continue in 2023, despite inflation, layoffs, and recession fears. Experts say that momentum could continue in 2023, despite inflation, layoffs, and fears of a possible recession. "We're in a period of a relatively strong economy," said Lawrence White, an economics professor at New York University. White expects to see a return of the service industries this year, from pent up demand during the pandemic. "It's usually easier to start a services business than to start a goods business," he said.

☆ How Bed Bath & Beyond ended up on the verge of bankruptcy
▼ + stars: | 2023-02-08 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +8 min

Here’s how Bed Bath & Beyond, once a retailer pioneer, veered to the edge of bankruptcy and where it turns next. Brands coveted a spot on Bed Bath & Beyond’s shelves, knowing it would lead to big sales. Discount chains such as HomeGoods and TJ Maxx and have also undercut Bed Bath & Beyond’s prices. Without the differentiators of the lowest prices or widest selection, Bed Bath & Beyond’s sales stagnated from 2012 to 2019. Otherwise, too much of Bed Bath & Beyond’s revenue will go toward repaying debt that it won’t be able to turn a profit.

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