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The IRS has been making efforts to avoid increased audits on taxpayers making less than $400,000, however, experts warn that certain aspects of your tax return can still attract scrutiny regardless of your income level. The Treasury Inspector General for Tax Administration (TIGTA) recently reported that the IRS has made limited progress in developing the
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Despite the efforts to stabilize the economy, China’s property market is still facing challenges. Standard Chartered CEO Bill Winters expressed concerns about the ongoing turmoil in the real estate sector. Winters highlighted the difficulties in the investing environment in China, citing low consumer confidence and international investor confidence. Winters mentioned that the core issue behind
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China recently released its consumer price index report for August, showing a 0.6% year-on-year increase. This figure was slightly below expectations, with costs of transportation, home goods, and rents experiencing a decline. Food prices, on the other hand, saw a significant rise of 2.8% year-on-year in August, marking the first positive trend since June 2023.
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Broadcom recently reported its fiscal third-quarter results, exceeding the expectations set by Wall Street analysts. The chipmaking conglomerate managed to outperform in both revenue and earnings, showcasing a strong financial performance. However, despite the positive results, Broadcom shares experienced a 7% drop in extended trading following the release of the company’s guidance numbers. Financial Results
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Seven & i Holdings, the parent company of 7-Eleven, recently rejected a takeover offer from Alimentation Couche-Tard. The company stated that the offer was not in the best interest of its shareholders and stakeholders. The proposal offered by Couche-Tard was deemed opportunistic and undervaluing Seven & i’s standalone path and potential for unlocking shareholder value.
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Boeing’s Starliner recently undocked from the International Space Station, several months later than originally planned. Interestingly, the capsule left without the two astronauts it initially delivered to orbit in June. NASA made the decision for the test pilots, Butch Wilmore and Suni Williams, to remain at the ISS until early next year. Upon their return