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Just in time for the start of the US tax season, Australian startup CryptoTaxCalculator (CTC) announced it has acquired seed money to further expand its automated crypto tax reporting tool into the US market.
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New York Governor Andrew Cuomo warned Wednesday that President Trump had “better have an army” to ensure his safety if he visits New York City following reports that Trump is weighing pulling federal funding from “anarchist jurisdictions” including New York. Trump released a memo on Wednesday ordering all federal agencies to provide evaluations to the …
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American Airlines is planning to drop flights to up to 30 smaller US cities if a federal requirement to continue those flights expires at the end of next month, an airline official familiar with the matter said Thursday. American agreed to keep serving those smaller cities as a condition of receiving $5.8 billion in federal …
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JPMorgan Chase’s closest local rival in the race to lend out US coronavirus loans wasn’t Citigroup or BNY Mellon — it was a tiny, tech-savvy lender based in New Jersey. Jamie Dimon’s megabank handed out nearly $29 billion of government money to small businesses during the throes of the pandemic shutdown — the most of …
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A major US pilots union said on Wednesday it has begun discussing with key lawmakers a plan for the government to purchase seats on each flight to prevent passengers from having to sit next to strangers. The idea, launched by the Allied Pilots Association, representing American Airlines’ 15,000 pilots, is aimed at easing a return …
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There’s legitimate debate to be had about many reform proposals. But increased funding has been key to the decades-long drop in our violent-crime rates. Bernie Sanders is right, in the way that he sometimes can be: His ideology has led him to the opposite of a trendy conclusion. In an interview with The New Yorker …
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US Treasury Secretary Steven Mnuchin said on Wednesday he would seriously consider more direct payments to individuals in the next phase of coronavirus rescue legislation, adding that funds should also be targeted to help sectors struggling to reopen, including hospitality and tourism. Testifying before the Senate Small Business Committee, Mnuchin said the Treasury also planned …
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A technical snafu in a US government system caused many small businesses to receive loans twice or more under a federal aid program to help businesses hurt by the COVID-19 pandemic, nearly a dozen people with knowledge of the matter said. The money mistakenly handed out could amount to hundreds of millions of dollars that …
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Federal Reserve Chair Jerome Powell acknowledged Friday that the Fed faces a major challenge with the launch in the coming days of a program that will lend to companies other than banks for the first time since the Great Depression. The Fed’s Main Street Lending is geared toward medium-sized companies that are too large for …
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Last month Zagg Inc, a Utah-based company that makes mobile device accessories, received more than $9.4 million in cash from a US government program that has provided emergency loans to millions of businesses hit by the coronavirus. The money was part of the $660 billion Paycheck Protection Program (PPP) — a linchpin of President Trump’s …