Click:HP2202 Apple will miss its revenue projections for the second quarter of the fiscal year, blaming the coronavirus outbreak for the lower than expected profits. The company announced Monday in a letter to investors that it expects lower sales globally based on iPhone supply and Chinese demand. Originally, Apple had forecasted it would generate $63 billion to […]
Read MoreThe IRS has removed guidance from its website that said in-game virtual currency in video games such as Fortnite could be subject to a new reporting requirement on federal tax returns. IRS Chief Counsel Michael Desmond said the video game currencies should not have been included in the guidance alongside bitcoin, according to a report by Bloomberg Tax. He […]
Read MoreThe Trump administration is mulling a proposal to block General Electric (GE) jet engine sales to China, Reuters reported Saturday. The U.S. government will consider whether to stop selling GE engines to China for its first large commercial passenger jet, potentially affecting China’s ability to enter the market, people familiar with the matter told Reuters. […]
Read MoreFormer top U.S. diplomat in Ukraine Bill Taylor said in an interview Sunday that no one at the American Embassy in Kyiv gave any credence to conspiracy theories that Ukraine, and not Russia, actually interfered in the 2016 election. Taylor told CBS’s “60 Minutes” that the State Department had not directed him to investigate the rumors that […]
Read MoreHappy Thursday and welcome back to On The Money, where we would like to congratulate any devoted gamers who read this newsletter. I’m Sylvan Lane, and here’s your nightly guide to everything affecting your bills, bank account and bottom line. See something I missed? Let me know at [email protected] or tweet me @SylvanLane. And if you like your […]
Read MoreExperts and officials are raising concerns over the Nevada State Democratic Party plans to use a Google calculator uploaded to new iPads to tally results during their caucuses next week after the debacle in Iowa. The party announced Thursday that it planned to use a custom Google calculator accessed through a “secure Google web form,” […]
Read MoreThe judge overseeing longtime Trump adviser Roger StoneRoger Jason StoneA tale of two lies: Stone, McCabe and the danger of a double standard for justice Judge in Roger Stone case orders Tuesday phone hearing Klobuchar calls on Barr to testify in front of Senate after department rejects recommended Roger Stone sentencing MORE’s trial ordered both […]
Read MoreFederal prosecutors alleged a Florida doctor defrauded Medicaid, Medicare and other insurance providers to the tune of $26 million by billing them for nonexistent procedures. Prosecutors with the Northern District of Florida allege Dr. Moses D. Degraft-Johnson submitted a series of false claims and pocketed the money between September 2015 and February 2020, in some […]
Read MoreA Democratic senator is giving the Environmental Protection Agency (EPA) a dismal rating on its progress in regulating a class of cancer-linked chemicals a year after the agency unveiled a plan on the subject. One year ago, the EPA announced its PFAS Action Plan, which included a now-unfulfilled pledge to determine whether or not the […]
Read MoreFacebook is calling for a “new type of regulator” for social media platforms in a white paper published Monday after years of the tech giant lobbying against tighter regulations. Facebook said any new regulations should hold internet firms responsible for putting certain procedures in place and called for platforms to meet specific performance goals for handling content in […]
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