Ignoring a big tax bill can have serious repercussions when it comes to your passport. Recent years have seen an increase in cases where the federal government revokes or limits passports due to seriously delinquent tax debts. It is crucial for taxpayers to understand the potential risks involved in ignoring their tax obligations. A “seriously
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The animated film Inside Out 2 has achieved a major milestone by becoming the first animated movie to cross the $1B international box office threshold. With a current total nearing $1.003B, it has solidified its position as the highest-grossing animated film globally and overseas. This impressive achievement places it among the exclusive group of only
The new serial killer thriller, “Strange Darling” had a decent debut this weekend, bringing in $1.14 million at 1,135 theaters. Directed by JT Mollner, the film stars Willa Fitzgerald, Kyle Gallner, Ed Begley Jr., and Barbara Hershey. The story follows a twisted one-night stand that escalates into a serial killer’s vicious murder spree. Giovanni Ribisi
On a fateful day at the Bourget airport in Paris, Pavel Durov, the billionaire creator and CEO of Telegram, was reportedly arrested. This shocking turn of events came as a surprise to many, especially considering Durov’s influential role in the world of social media. Telegram, often associated with countries like Russia, Ukraine, and other former
In the recent quarterly reports of major Chinese companies, it has been highlighted that the local market poses challenges for stock pickers. Lorraine Tan, the director of Asia equity research at Morningstar, emphasized in a recent interview the unique outperformance of certain companies in the market. This trend suggests that there is more weakness across
The recent shift in leadership within Thailand’s government has brought to light differing perspectives on economic policy, particularly in relation to the central bank’s independence. Prime Minister Paetongtarn Shinawatra has expressed concerns that central bank autonomy may hinder economic growth, a sentiment echoed by her predecessor, Srettha Thavisin. However, Bank of Thailand Governor Sethaput Suthiwartnarueput
One of the major analyst moves in the AI sector this week came from Evercore ISI, recommending a buy on Nvidia (NASDAQ:NVDA) stock ahead of its upcoming earnings report. The investment bank believes that recent concerns about potential delays in the release of the Blackwell system are unwarranted. They point to the strong demand for
Pavel Durov, the renowned billionaire founder and CEO of the popular messaging app Telegram, was reportedly arrested at the Bourget airport outside Paris. According to sources cited by TF1 TV and BFM TV, the investigation leading to his arrest was centered around a lack of moderators on the Telegram platform, allowing for criminal activities to
After being elected as Prime Minister in a landslide victory, Keir Starmer is set to address the British public about the challenges that lie ahead. He emphasizes the need for gradual change and warns that things may worsen before they improve. This speech is seen as an opportunity for Starmer to be transparent and honest
The U.S. dollar has shown remarkable strength in the face of anticipated rate cuts by the Federal Reserve. Analysts from Wells Fargo Investment Institute have pointed out that despite the prospect of a decrease in interest rates, the dollar is likely to remain elevated. This unexpected resilience can be attributed to interest rate differentials between
The recent market volatility, as pointed out by Brazil’s central bank chief Roberto Campos Neto, may indicate that there is less room for fiscal and monetary intervention in the future. This observation raises concerns about the effectiveness of potential policy tools in addressing economic challenges. Campos Neto emphasized the interconnected nature of monetary and fiscal
Federal Reserve holdings of mortgage bonds serve a pivotal role in how monetary policy affects the economy’s momentum, as highlighted in a recent paper presented at a central bank research conference. The paper delves into the significance of how the Fed utilizes increases and contractions in its holdings of Treasury and mortgage bonds to complement
Portillo’s, a well-known fast-casual restaurant chain in the United States, is facing scrutiny from Engaged Capital, an experienced small-cap investor. The company, with a stock market value of $901M and a unique menu offering, is under pressure to improve its business operations in order to enhance shareholder value. Engaged Capital has highlighted several areas of
Restaurants across the United States have increasingly turned to the use of surcharges and fees to cover costs such as credit card processing, gratuities, and “inflation.” This practice has become more prevalent in recent years, with 15% of restaurant owners adding surcharges or fees to checks due to higher costs. In fact, 3.7% of restaurant