d3sign | Moment | Getty Images Has your grocery bill been making you do a double take? You’re not to blame. Inflation is. Rising prices are hitting almost every aisle in supermarkets across the U.S. The cost of steaks swelled by 25% between November 2020 and November 2021. Eggs and fish were up 8%, to cite just a few unfortunate […]
Jonathan Curry-Edwards Jonathan Curry-Edwards was hired as a tax partner in the private client services group at Grassi, New York. Anchin, New York, promoted 11 professionals: David Beckman, Vincent Gatto, Brent Lessey and Adam Pizzo to partner; Reed Ellison and Jerico Mascarinas to director; and Xiao Jing Fei, Brendan Kurpis, Rebecca Long, Kevin McHale and Danielle Montesano to senior managers.
James “Jimmy” Cayne, the swaggering bridge-champion Wall Street CEO who led investment bank Bear Stearns during its rise and ultimate fall that would serve as a touchstone for the financial crisis of 2008, has died at age 87. Cayne died Tuesday days after suffering a stroke, according to a report in Bloomberg. One of the financial world’s most colorful figures […]
Saul Loeb | AFP | Getty Images New Year’s Day luck could end up making a Powerball player a few hundred million dollars richer. No ticket matched all six numbers drawn Wednesday, which means the jackpot has climbed higher: It’s an advertised $483 million for Saturday night’s drawing, up from $441 million. The top prize has been growing since Oct. […]
Keep it in the black; employment shuffle; distrust; and other highlights of recent tax cases. New York: Jordan Sudberg has pleaded guilty to tax evasion for 2015 through 2017 in connection with false deductions. The deductions were part of a scheme involving hundreds of business checks purporting to be payments for business services, which he provided in exchange for cash […]
The “Curriculum Vitae”, otherwise known as the resume, has been around since about 1482. Created by the great Leonardo de Vinci, the professional “CV” offered a quick and efficient way for hiring managers to estimate whether someone might be a good fit for a job. Unfortunately, “guessing” your way to the perfect hire just isn’t a good idea. A CV […]
A new exchange is trying to make it easier to hedge against events in politics and other areas. Kalshi, a firm founded by Tarek Mansour and Luana Lopes Lara, was designated as a contract market by the Commodity Futures Trading Commission in late 2020 and officially launched in June. The exchanges offers binary, yes-or-no contracts that pay out $1 if […]
Samuel Corum/Bloomberg Democrats seem to have nixed the idea of taxing returns on unsold stock and other assets, favoring other ways to raise revenue as part of a nearly $2 trillion social and climate bill. Scrapping that tax on “unrealized capital gains” would primarily benefit the richest Americans, who hold the bulk of the country’s financial wealth. The U.S. tax […]
Internal auditors have been forced by the COVID-19 pandemic to work remotely in large part over the past two years, and with the spread of variants like Delta and Omicron, that pattern is likely to continue next year. A recent report from the Institute of Internal Auditors’ Internal Audit Foundation and technology provider AuditBoard report included survey results and real-life […]
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