FASB published a proposed Accounting Standards Update (ASU) that is intended to improve accounting guidance for interest rate risk hedging and net investment hedging. The comment deadline is Aug. 17. During FASB’s 2025 agenda consultation project and other outreach, stakeholders acknowledged the Board’s recent efforts to better align hedge accounting with the economics of entities’…
Stocks continued to rally on Thursday as investors breathed a sigh of relief over the detente with Greenland. After threatening to take over the Danish territory either by force or coercion, President Trump backed off as it appeared that the U.S and Europe had reached an understanding on Greenland. Trump had proposed a 10% tariff…
Please enable JavaScript if it is disabled in your browser or access the information through the links provided below. July 14, 2026 Minutes of the Board’s discount rate meetings on June 8 and June 17, 2026 For release at 2:00 p.m. EDT The Federal Reserve Board on…
Central organizations at nonprofits with local affiliates are now required to file a new form with the Internal Revenue Service to maintain their tax-exempt status. Processing Content The new Form 15644, Supplemental Group Ruling Information, will now be used to make annual Supplemental Group Ruling Information submissions, the IRS said in an email Tuesday. Revenue…
The IRS’s outside technology advisory panel called on Congress to provide stable, multiyear funding; expand the use of artificial intelligence; and simplify tax administration. It also warned that resource constraints and complexity risk undermining recent modernization gains. In its 2026 Annual Report to Congress issued Wednesday, the Electronic Tax Administration Advisory Committee outlined a broad…
I recently redid my living room ceiling from basic drywall to a coffered ceiling. And I love it! But the plan from the beginning was to add more detail. So I’m using molds to create plaster decorative details. I thought I’d show you how to make a DIY Plaster ceiling. But you could use these…
The Iran war has underscored the fragility of global energy markets, exposing which economies can withstand repeated shocks and which cannot. For ASEAN+3 countries, resilience will depend on stronger electricity systems, regional cooperation, and institutions that can manage persistent uncertainty. SINGAPORE—The past four months have demonstrated just how volatile oil markets can be. In March,…
Palantir Technologies (PLTR +2.91%) is one of the few companies that has consistently delivered breathtaking results, living up to all the hype around artificial intelligence (AI). Yet many investors who bought Palantir stock near its highs last year have lost money. It’s another reminder that the price investors pay for a stock matters. Fast-forward to…
President Donald Trump on Monday sharply reduced the size of two national monuments in Utah, undoing protections established by his Democratic predecessors on public lands that are sacred among many Native Americans. Bears Ears and Grand Staircase-Escalante national monuments in southern Utah have ancient cliff dwellings, petroglyphs and scenic canyons, as well as coal and uranium deposits that state…
Feathery, which calls itself an artificial intelligence operating and decisioning system for financial services, announced that it has raised $30 million in total funding, which includes its recently completed Series A, led by Portage Ventures, with participation from Index Ventures, Allstate Strategic Ventures, Clocktower Ventures, Erie Strategic Ventures and Bain Capital Ventures (it raised a…
