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Vladimir Vladimiroffi Plus | Getty ImagesVictims of fraud sometimes suffer a second financial blow: they have to pay taxes on the stolen money.Starting in 2018, fraud victims face limits on their ability to claim losses as deductions on their tax returns due to temporary changes under the 2017 Tax Cuts and Jobs Act. President Donald Trump’s “Big and Beautiful Bill” law, enacted last year, made the change permanent.According to an IRS memo issued in March 2025, losses from investment fraud may be deductible, but losses from other frauds, such as identity fraud and romance scams, are not, experts say. Additionally,…
The Lebanese and US presidents are scheduled to discuss a ceasefire, south Lebanon and Israel’s withdrawal.Published July 18, 2026July 18, 2026Lebanese President Joseph Aoun will visit the White House to meet with US President Donald Trump as the US-led effort to end fighting between Israel and Hezbollah enters a new phase.Aoun, who is traveling at the invitation of President Trump, left for Washington on Saturday.Recommended stories list of 4 itemsend of listHe will meet with the US president and other senior officials next week to discuss ways to strengthen the ceasefire, secure Israel’s withdrawal from southern Lebanon and “restore security…
Reuters — Haaland’s babies are being born one after another in Peru. In Argentina, Lionel rose through the ranks, and in Mexico, girls have reportedly been named after three soccer players. Parents in Latin America are already christening a new generation of babies after World Cup stars. Hundreds of newborns in Peru have been named after rising stars such as Norway’s Erling Haaland, while names inspired by traditional icons such as Lionel Messi, Brazil’s Neymar and Portugal’s Cristiano Ronaldo each count around 30,000 registrations, Ivan Torres, a spokesperson for Peru’s civil registration agency RENIEC, told Panamericana TV last week. “Haaland…
WASHINGTON, DC – JUNE 14: Fans engage in power slap interaction at the UFC Freedom 250 Fan Fest at the Ellipse on June 14, 2026 in Washington, DC. (Photo by Matt Ferris/Zuffa LLC, Getty Images)Matt Ferris | UFC | Getty ImagesWith the rise of the UFC, mixed martial arts has seen an unprecedented rise in popularity in recent years. And according to UFC President and CEO Dana White, this may not be the last time he fights. “(Powerslap) has the potential to be as big as the UFC,” White told Andrew Ross Sorkin at the CNBC Sports x Boardroom Game…
1. 00:00 – Buffett on his decision to stop donations to Gates FoundationBECKY QUICK: Warren, first of all, thank you for sitting down and talking with us today. I appreciate it.WARREN BUFFETT: It’s always good to sit down. (Laughs)BECKY QUICK: Yes, I find the same thing.The last time we sat down and spoke with you, or I guess it was two times ago in March when we sat down with you to talk about what you were doing with your charitable giving, you said that you were going to be watching and waiting, that you were kind of waiting to see what came…
AI trading continued to dominate the market this week, marking a great start to Q2 earnings season. June’s report on consumer and producer prices was weaker than expected, an encouraging sign that inflation continues to ease while profits at the nation’s largest banks reinforce capital market strength. At the same time, investors were focused on the Middle East as the United States and Iran renewed airstrikes and uncertainty increased around the Strait of Hormuz. West Texas Intermediate crude soared 15.5% last week to more than $82 a barrel, while international benchmark Brent crude rose nearly 16% to just above $88.…
rome — About 300 demonstrators clashed with riot police in Venice on Friday night over the arrival of U.S. Ambassador to Italy Tilman Fertitta’s $450 million megayacht on the boardwalk during the annual Redeemer festival, police said. Fertitta, a close ally and donor to US President Donald Trump, is cruising around Italy on a private yacht with his family and some staff this summer as part of what he calls “coastal diplomacy” to celebrate the country’s 250th anniversary, his social media reported. In Venice, his arrival was welcomed by demonstrators who insulted Trump and held signs that read “Venice is…
Michael Rubin, founder and CEO of Fanatics, speaks at the CNBC Game Plan Summit in New York City on July 16, 2026. Shea Kastrinor | CNBCSince founding Fanatics in 2011, Michael Rubin has built the company from a small online retailer of sports merchandise and apparel into a large global sports platform.Not only is Fanatics by far the biggest player in the sports apparel industry, with contracts in place with nearly every major league on the planet, but it also now has a large footprint in the collectibles, sports betting, and prediction markets. The company also plans to issue its…
Kevin Dietch | Getty ImagesPresident Donald Trump’s social media company is considering charging Wall Street traders and investment firms as much as $100,000 a month for quick access to posts on Trump’s Truth Social platform, people familiar with the matter said.Trump Media & Technology GroupThe company that owns Truth Social has also been offering discounts in recent weeks for $60,000 a month if you sign up for a three-year plan, sources said. Because the discussion is confidential, people requested anonymity.TMTG on Thursday announced a paid, licensed data feed called the “Truth API” that will give banks and trading companies the…
Reuters — Jens Spahn, a senior member of Germany’s ruling Conservative Party, resigned on Saturday after a baby was delivered to him by a surrogate mother in the United States, a move at odds with his party’s opposition to surrogacy, according to a letter seen by Reuters. Spahn, 46, the parliamentary leader of Chancellor Friedrich Merz’s Christian Democratic Party and its sister group the Christian Social Union (CDU/CSU), drew intense criticism after news emerged that she had become a husband and a parent through a surrogate mother. Although surrogacy is prohibited in Germany, it is not illegal for a child…