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Trump news at a glance: president lashes out at European allies as war on Iran frays relations The GuardianExclusive | Trump Tells Aides He's Willing to End War Without Reopening Hormuz WSJTrump says US will leave Iran in 'two or three weeks' whether 'we have a deal or not' BBCLive updates: President Trump will address the nation on the Iran war AP NewsCNBC Daily Open: M
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Trump to address nation on Iran Wednesday, after hinting at war's end AxiosExclusive | Trump Tells Aides He's Willing to End War Without Reopening Hormuz WSJLive updates: Trump says US could be done with Iran war within 2 or 3 weeks CNNMarkets cheer as Trump threatens to abandon the Strait of Hormuz, leaving the oil market in crisis Fortune
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Last-day gains didn't stop the S&P 500 from tallying its worst first quarter since 2022 as the Iran conflict, private-credit worries and the AI ‘scare trade' weighed on stocks in March.
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President Donald Trump reportedly told aides he would end the war in Iran without reopening the trade route.
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South Korea's Kospi leads rebound in Asia markets as Trump says Iran war could end in weeks CNBCAsian Stocks Set to Track US Rally on Iran Hopes: Markets Wrap bloomberg.comAsian stocks jump after Wall Street soars on renewed hopes of Iran war end AP NewsAsia stocks jump after Trump suggests Iran war could end in weeks BBC
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Centessa is one of several companies working on a new class of drugs to treat narcolepsy, a condition that makes it difficult for people to stay awake.
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Judge rules Trump order eliminating NPR, PBS funding is unconstitutional The Washington PostJudge Blocks Trump's Order to End Funding for NPR and PBS The New York TimesCiting First Amendment, federal judge blocks Trump order to end funding for NPR and PBS Dallas NewsFederal judge rules Trump order ending NPR and PBS funding was unconstitutional CNNTrump's Order Ending Funding for Public Media Is Unconstitutional, Judge
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Live Updates: Iran war pushes gas price over $4 a gallon as Trump mulls dropping Strait of Hormuz efforts CBS NewsExclusive | Trump Tells Aides He's Willing to End War Without Reopening Hormuz WSJIIran-US war latest: Trump tells allies and UK to ‘get your own oil' The IndependentTrump Lashes Out Again at Europe for Its Lukewarm Support Against Iran The New York Times
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President Donald Trump has reportedly told aides that he's willing to end the U.S. military campaign against Iran even if the strait remains largely closed.
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Hegseth Reverses Helicopter Crew Suspension Over Kid Rock Flyby The New York TimesUS Army pilots who flew near Kid Rock's home suspended and then reinstated within hours BBCHegseth exonerates helicopter crews over Kid Rock flyby, nullifying Army probe The Washington PostHegseth says Army aircrew who flew helicopters near Kid Rock's home won't be punished NBC NewsPete Hegs
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Futures Rise; Trump Sees Iran Exit In 2-3 Weeks Investor's Business DailyWhat in the world just happened to the Dow? CNNDow surges 1,100 points, S&P 500 posts best day since May as hopes grow for end of Iran war: Live updates CNBCS&P Surges Nearly 3% Amid Hope for War's End The New York Times
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Stock Market Today: Dow Gains 1,100 Points Amid Huge Recovery; Micron, Nvidia Score Big Wins (Live Coverage) Investor's Business DailyStocks Recover Sharply Amid Hope for Iran War's End The New York TimesJim Cramer: Three ways the stock market will flip if the U.S.-Iran war ends CNBCThe Dow surges more than 1,100 points as Wall Street soars to its best day since last spring AP News
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Citing First Amendment, federal judge blocks Trump order to end funding for NPR and PBS AP NewsView Full Coverage on Google News
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Investors weighed the news that the owner of a Kuwaiti tanker loaded with oil said it had been hit in an Iranian attack near Dubai.
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The deal ends Unilever's time in the food industry and will create a multibillion-dollar group under the McCormick name.
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Oil climbed to nearly $120 per barrel before falling back after Trump sent mixed signals and the Group of Seven mulled releasing emergency oil supplies.
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The 2022 crypto price crash understandably has some investors concerned. But for those of you who haven't run for the hills, it's worth knowing that cryptocurrency currently has the attention of not only the Biden administration, and Congress, but the IRS as well. In terms of crypto news and taxes, the IRS recently proposed changes to cryptocurrency tax reporting question on the Form 1040. The agency will also receive $80 billion from the Inflation Reduction Act, some of which will be directed to digital asset enforcement—including cryptocurrency tax compliance.
Additionally, you may have heard that the IRS continues to successfully obtain court orders to require cryptocurrency brokers and exchanges to provide information to the IRS. That information concerns investors who failed to report and pay taxes on cryptocurrency transactions.
And while this IRS enforcement focus isn't new, recent crypto announcements and developments from Congress, the Biden administration, and the IRS, mean that it's important to stay up-to-date on crypto tax reporting and compliance. So, here's some information to get you started.
How Crypto is Taxed
A common question about cryptocurrency concerns how crypto is taxed. The answer is that cryptocurrency is considered property, so it's taxed by the IRS in the same way that other capital assets are taxed. As a result, when you sell or trade crypto, you can have asset losses and potential taxable gains depending on the fair market value of the virtual currency, and your basis in the crypto.
SEE MORE 9 Ways to Cut Crypto Taxes Down to the Bone
Given that, it
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