Author: Editor-In-Chief

Jose Luis Pelaez Inc. | Blended Images | Getty ImagesThe average tax refund so far this season is up 14.2% compared to about the same time in 2025, according to initial filing data from the IRS.The average refund for individual filers as of Feb. 13 was $2,476, up from $2,169 about a year ago, the IRS said Friday. This data is cumulative since the start of tax season on January 26th.According to an IRS release, total refunds totaled approximately $32 billion, an 8.3% increase from 2025. However, the total number of applications received decreased by 2.6%. Read more CNBC’s personal…

The Supreme Court has blocked President Trump’s emergency tariffs, but Trump plans to invoke other laws to maintain or increase tariffs.listen to this article | 2 minutesinformationPresident Donald Trump slammed the U.S. Supreme Court as a “disgrace” and said he would keep the tariffs in place through alternative means after a 6-3 decision invalidated his global tariffs.The president went on to announce on Friday that despite the Supreme Court’s decision, he would impose 10% tariffs worldwide for 150 days, replacing some of the emergency tariffs that were reversed by the courts.Recommended stories list of 3 itemsend of listThese tariffs would…

The Football Association (FA) will not take legal action against Manchester United co-owner Sir Jim Ratcliffe over a Sky News interview that included controversial comments about immigration.The FA was investigating whether the player breached regulations but will not impose any penalties on the businessman. However, he has been warned to remember his responsibilities when taking part in media interviews.In early February, the INEOS founder warned that the UK faces serious political, social and economic challenges, including an unprecedented rise in immigration in recent years.”It’s impossible to sustain an economy with 9 million people on benefits and a huge influx of…

Even if you don’t have an accounting background, anyone who has ever glanced at a 10-K or 10-Q knows that preparing financial statements is a complex and tedious process. Legacy platforms like Workiva and Donnelley Financial Solutions aim to streamline financial reporting, but longtime accountants Mary Antony (pictured right) and Kelsey Gootnick (pictured center) found themselves exhausted by the various manual hurdles within these tools (co-founder and CTO Jared Tibshraeny, pictured left). The two met seven years ago at Flexport, where Mr. Gutnick was the company’s manager and Mr. Anthony was its deputy manager. They stayed in touch after Antony…

Tim Cook, CEO of Apple Inc., attends the inauguration ceremony of the 60th president of the United States in the Rotunda of the U.S. Capitol in Washington, DC, on Monday, January 20, 2025.Bloomberg | Getty ImagesApple’s tariff bill is running at about $1 billion per quarter, but that number should start to shrink following the Supreme Court’s ruling on tariffs.The Supreme Court on Friday struck down most of President Donald Trump’s far-reaching tariff policies, delivering a major rebuke to the president’s major economic policy. Apple has paid about $3.3 billion in tariffs since President Trump imposed them last year. The…

E-commerce stocks that had been exposed to the effects of President Donald Trump’s sweeping global tariffs rallied on Friday after the Supreme Court struck down a key pillar of the president’s economic policy.In a 6-3 decision, the court said President Trump did not have legal authority to impose the tariffs under the International Economic Powers Act, which was used to impose many of the levies. IEEPA does not explicitly mention tariffs. decision has been submitted Amazon and wayfairinventory increases by 2%; Etsy It increased by 8%. shares of Shopify 1% increase, eBay It jumped 3%. Pinduoduo Holdingsthe parent company of…

U.S. President Donald Trump speaks about tariffs in the Rose Garden of the White House in Washington, DC, on April 2, 2025.Carlos Barria | ReutersThe U.S. government could owe more than $175 billion in refunds to importers after the Supreme Court ruled in a 6-3 decision Friday that President Donald Trump’s unilaterally imposed tariffs were illegal, according to new estimates.Because President Trump imposed the tariffs without Congressional authorization, a wide range of businesses could be reimbursed for tariffs already collected by the government.The $175 billion return estimate from the Penn Wharton Budget Model was prepared at the request of Reuters.…

The U.S. Supreme Court’s ruling against President Donald Trump’s sweeping global tariff policies leaves unanswered questions about how the process will lead to refunds of funds raised over the past few months through tariffs imposed on most of America’s trading partners.In a 6-3 decision handed down Friday, Chief Justice John Roberts upheld a lower court’s ruling that the president’s use of the International Emergency Economic Powers Act (IEEPA) exceeded his authority.Recommended stories list of 4 itemsend of listThe high court did not say how the federal government would refund the estimated $175 billion collected under the tariff. In a dissenting…

With less than 48 hours left until the start of a potential major storm, what should meteorologists do when the computer models they rely on are wildly inconsistent? Forecasters are in the most uncomfortable position Friday as two of the leading computer models, the U.S. Global Forecast System (GFS) and the European model, as well as others, continue to debate the strength and path of the mid-Atlantic and New England winter storm that begins Sunday. The difference between the two major models and other forecast guidance is the difference between a paralyzing snowstorm along I-95 and a nearly forgettable light…

Crystal Palace manager Oliver Glasner has thrown his immediate future into doubt after the club’s fans turned against him amid the club’s disastrous run of results.Manager Glasner will be leaving Palace at the end of the season when his contract expires, but it is unclear whether he will leave after his latest comments. Palace supporters called for Glasner’s sacking during Thursday night’s 1-1 draw with Zrinjski Mostar in the first leg of the Conference League knock-off play-off. The team has only won once in its past 15 games. “We’ll see. We never know what’s going to happen in the future,”…