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This season, more than 140,000 taxpayers successfully filed returns using IRS Direct File, a free tax filing pilot from the IRS.The program fully opened for certain taxpayers in 12 states in early March and saved filers an estimated $5.6 million in tax preparation fees for federal returns.However, the IRS has not ma...

A bitcoin is on a screen showing the bitcoin-U.S. dollar exchange rate.Fernando Gutierrez-Juarez | picture alliance | Getty ImagesBitcoin fell for a second day to start the new month and quarter amid rising Treasury yields and strength in the U.S. dollar.The flagship cryptocurrency fell more than 4.76% on Tuesday to...

The wealth of the top 1% hit a record $44.6 trillion at the end of the fourth quarter.All of the gains came from stock holdings thanks to an end-of-year rally.Economists say the rising stock market is giving an added boost to consumer spending through what is known as the "wealth effect."Martin Puddy | Digitalvision...

Saudi Aramco CEO Amin Nasser said the current energy transition strategy is failing.The world should give up on the idea of phasing out oil and gas, Nasser said.The CEO called for a reset of the strategy that focuses on reducing emissions, not phasing out oil and gas. Amin Nasser, CEO of Saudi Aramco, speaks at the ...

The so-called "Magnificent 7" U.S. tech behemoths encompass Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia and Tesla.In a research note Tuesday, Deutsche Bank analysts highlighted that the Magnificent 7's combined market cap alone would make it the second-largest country stock exchange in the world.However, this l...

Nearly one-third, or 31%, of Gen Z are living with their parents because they can't afford to buy or rent their own space, according to a recent report.The year 2023 was the least affordable homebuying year in more than a decade.For parents, supporting grown children can be a substantial drain when their own financi...

The U.S. Securities and Exchange Commission on Wednesday approved rule changes to allow the creation of bitcoin exchange-traded funds in the U.S., a long-awaited move that will give regular investors access to the controversial and volatile cryptocurrency.The decision will likely lead to the conversion of the Graysc...