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S&P 500, Nasdaq futures rise as Micron continues epic run: Live updates CNBCStock market today: S&P 500, Nasdaq futures rise as tech rally continues, oil falls amid US-Iran talks Yahoo FinanceStock Market Today: Dow Futures Rise, Chip Rally Continues in Asia — Live Updates WSJMicron, UnitedHealth, Rocket Lab, and These Stocks Explain Today's Market Barron's
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The frenzy in memory-chip stocks continued on Wednesday as SK Hynix took less than 24 hours to join American peer Micron Technology in the $1 trillion valuation club.
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Rocket, Satellite Stocks Surge as SpaceX IPO Fuels Euphoria Yahoo FinanceElon Musk is going all-in on an unproven technology The EconomistJim Cramer previews SpaceX's IPO: 3 catalysts to watch and 1 big reservation CNBCIndex Funds Can't Say No to SpaceX Bloomberg.com
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Chipmakers SK Hynix and Micron join $1tn club on surging AI demand BBCSouth Korea's SK Hynix Joins $1 Trillion Club on AI Memory Chip Dominance Bloomberg.comSK Hynix hits $1 trillion valuation as AI boom lifts South Korean chip stocks CNBCS.Korea shares hit record on chipmaker rally; SK Hynix unveils HBM cooling tech Investing.com
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DuckDuckGo installs are up 30% as users reject being ‘force-fed' Google's AI Search TechCrunchSix search engines worth trying now that Google isn't really Google anymore TechCrunchDuckDuckGo sees iPhone installs spike in the US following AI announcements at Google I/O 9to5MacDuckDuckGo Usage Surges Since Google I/O 26 Thurrott.comWeb Alternatives in the Age of AI
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There's no way to sugarcoat this: Small and midsize businesses should be scared to death about the consequences of the Inflation Reduction Act. Unless they provide goods and services to the green energy industry, the law's unforeseen consequences could increase their operating expenses in two ways. Here's what to expect — and how to prepare.
SEE MORE Audit-Proof Your Small Business
The Inflation Reduction Act is essentially a climate change law with some health care benefits. While the new legislation doesn't include any direct tax increases on small and midsize businesses, some of its provisions have the potential to raise costs for these companies significantly.
First Reason Why Cost of Business Could Be Going Up
For one, your chances of being audited may be going up. The new bill substantially expands the Internal Revenue Service's budget: More than half of the $80 billion increase in the IRS budget over 10 years will be used to beef up enforcement through new technology and new hires. That means more audits for companies that are the least able to financially manage them. I worry for businesses that gross $5 million or less since they usually don't have excess funds to pay a lawyer $50,000 to fight the IRS if their matter proceeds to court.
In a letter to the Senate, the agency's commissioner said, "These resources are absolutely not about increasing audit scrutiny on small businesses or middle-income Americans." Even so, with the hire of new auditors, it's likely that people with little or
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