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FASB chair Richard Jones at AICPA & CIMA Conference on Current SEC and PCAOB Developments The Financial Accounting Standards Board published an accounting standards update Wednesday to improve how investment companies such as mutual funds can measure the fair value of an equity security that’s subject to a contractual sale restriction. Processing Content Under current…

Self-employed individuals face other tax realities, including a higher Federal Insurance Contributions Act (FICA) tax rate, which includes both Social Security and Medicare taxes. As Brokamp noted, “Self-employed workers are responsible for both the employee and employer portion of FICA taxes. In other words, employees of companies pay a 7.65% rate whereas the self-employed pay…

Warren Buffett spent his final years as Berkshire Hathaway CEO building what amounted to the world’s most expensive savings account. His successor just raided it. Greg Abel, who officially took the top job on January 1, 2026, has burned through $32 billion in cash reserves in roughly six months, transforming Berkshire from a cautious hoarder…

A war in Taiwan would cause the biggest global financial crisis since the Second World War, the US has said. Speaking weeks before Xi Jinping’s trip to Washington, a US official said that a conflict over Taiwan would bring staggering costs to the world, adding that the country needed to boost its defence capabilities. Raymond…

The close economic relationship between Canada and the United States has fractured since Trump returned to office (JEFF KOWALSKY) The US-Canada trade war has escalated rapidly, rupturing what was once one of the world’s closest economic partnerships. But the conflict is a mismatch, with the $31 trillion US economy roughly 13 times larger than Canada’s,…

Apple AAPL shares are in focus ahead of the giant’s highly anticipated launch event where it’s expected to unveil its next-generation lineup, likely including the first foldable iPhone. While tech enthusiasts are buzzing over the expected hardware shift, institutional investors remain skeptical that a foldable device will act as an immediate catalyst that drives AAPL…

President Trump is escalating his trade war with Canada, doubling down on a 95-year-old law to potentially ban Canadian dairy products, most alcoholic beverages, and motorcycles. “It seemed inevitable that Trump would need to have the last word,” Capital Economics said in a note, “and the administration has responded by leaning on another part of…

Traders celebrating at the New York Stock Exchange on April 15, 2026, as the S&P 500 closed above the 7,000 level for the first time. NYSE Equal-weight ETFs are having a moment. The investing approach isn’t new, but it has moved into the spotlight this year as many of the large-cap stocks that have driven…

Two numbers are about to do a lot of heavy lifting. The Federal Reserve’s September policy decision is riding on inflation data landing September 10 and 11, just days before officials convene for their FOMC meeting on September 15-16. If those figures come in hot, the central bank may have little political cover to stay…

TORONTO — The United States is banning dairy products, most alcoholic beverages and motorcycles from Canada, the White House said Tuesday, as the trade war between the two neighbors and longtime allies escalates. The ban will take effect in three weeks, on Sept. 29, and comes after retaliatory tariffs promised by Canada kicked in earlier…