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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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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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The company, which is flush with cash from sales of its market-leading GLP-1 franchise, has been an active dealmaker.
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Nike has shown some gains in North America, its largest market, amid its turnaround, but the strength was offset by weakness in China.
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Ample oil reserves and renewables growth make manufacturing sector more resilient than rivals
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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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Nike Sales Miss in Middle East Region Sparks Investor Concern Bloomberg.comNike shares fall 9% on weak outlook, expected 20% sales decline in China CNBCNike Guides for Sales Declines Ahead as Turnaround Plan Hits Snags WSJNike expects more falling sales, as stock sinks amid worries turnaround is not working MarketWatch
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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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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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