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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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Gas prices eclipse $4 a gallon in the US, the highest since 2022 AP NewsU.S. Gas Prices Hit $4 a Gallon on Average, a ‘Headache' for Drivers and Trump The New York TimesEl Paso gas prices near $4 a gallon as Iran war drives costs higher KFOXAmericans are now paying $4 a gallon for gas. See the states where it is the most and least expensive. businessinsider.comGas hits $4 a gallon for first time sinc
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Nike reported quarterly results that were a bit better than Wall Street's expectations, but investors still didn't appear convinced of the sneaker giant's turnaround efforts.
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Energy stocks have fared well as crude-oil prices have shot up, but one other industry group has also done well since the U.S. and Israel attacked Iran on Feb. 28.
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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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The post Marcus & Millichap (MMI) CEO Hessam Nadji on 2025 Recovery and Strategic Growth appeared first on The Wall Street Transcript.
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A Kuwaiti tanker was struck Tuesday in Dubai's waters, the latest attack on energy assets that spiked oil prices and roiled markets.
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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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