The TurboTax Giveaway Is Dead

A new version of a bill overhauling the Internal Revenue Service won’t include a a controversial favor for the tax preparation industry.  Lawmakers announced Thursday that they had reintroduced their IRS bill without a provision putting companies like H&R Block permanently in charge of online tax filing.  The bill, known as the Taxpayer First Act, is designed to improve customer […]

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Here’s what happens when you buy assets journalists warn are in a bubble

Back in the second quarter of 2017, Bloomberg’s Joe Weisenthal suggested on TwitterTWTR, +0.52%that going long assets that journalists flag as bubbles would make for a great exchange-traded fund. Paul McNamara, who helps oversee some $135 billion as investment director at GAM Investments in London, took him up on it — in theory, anyway. “I plugged a bunch of securities […]

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Amazon Lockers are driving people to Whole Foods, but they’re staying less than 5 minutes

When customers say they want to run into Whole Foods to pick up a few things, they might not be talking about groceries. Whole Foods Market has seen an increase in foot traffic in the first quarter of 2019 versus the same quarter in 2018, according to data from inMarket, a marketing campaign and customer engagement specialist. However, the grocer, […]

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Equifax, FICO team up to sell banks data as credit reports increasingly reveal more on consumers

Two consumer-credit giants plan to start working together to sell consumers’ data to banks, the latest attempt to feed banks’ appetite for more information on customers. Equifax Inc.EFX, +0.88%  and Fair Isaac Corp. FICO, +1.12%  , creator of the widely used FICO credit score, started pitching each other’s services earlier this month, and the companies are expected to announce the […]

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Michelle Obama’s ‘Becoming’ could become best-selling memoir ever

Michelle Obama’s memoir “Becoming” is closing in on 10 million copies sold since its release in November, and it’s on pace to set a sales record, according to figures cited in the Wall Street Journal from publisher Penguin Random House “We believe this could be the most successful memoir in history,” said Thomas Rabe, CEO of Bertelsmann SE, which owns […]

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Stamps.com is breaking up with the U.S. Postal Service, and its stock is down nearly 50%

Stamps.com Inc.’s stock took a nose dive in late trading Thursday, falling nearly 50% after the company said an exclusive deal with the U.S. Postal Service will not be renewed. Stamps.com STMP, -2.00% predicted large declines in its financial performance in 2019 with its fourth-quarter earnings report Thursday afternoon, then explained why in a conference call. Citing the need to work […]

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Here’s what would have made Virginia walk away from an Amazon HQ2 deal

The incentives for Amazon.com Inc.’s second headquarters attracted attention, and now the company has abandoned its plans for an “HQ2” in New York City. Amazon on Thursday also said its HQ2 plans “will proceed as planned” in Virginia. Officials from that state have stressed that they had limits on what they were willing to offer. Virginia’s team has promised about […]

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Post-Brexit trade partners ask UK to lower human rights standards

Britain has received demands to roll back its human rights standards in exchange for progress on post-Brexit trade deals, including from some countries that ministers are pushing to secure agreements with. In an admission that some countries have sought to extract a high price for their continuing to trade with Britain after leaving the EU, Liam Fox, the international trade […]

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The Jeff Bezos privacy nightmare could happen to you — here’s how to prevent it

Jeff Bezos has some photos he may wish would have stayed on his phone. And many Americans can relate to his predicament. The Amazon AMZN, -1.62%  founder went public on Thursday with extortion accusations against tabloid National Enquirer. In a blog post published on Medium, Bezos accused the publication’s parent company American Media Inc. (AMI) of threatening to publish a […]

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