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Despite usually opening the tax season in late January, the Internal Revenue Service (IRS) delayed the start of the 2020 tax season to February 12, announcing that they would start accepting and processing tax returns then. The deadline for individuals to file their taxes remained on April 15 until a recent announcement from the IRS that the agency is postponing the filing deadline, giving taxpayers an additional month to file their returns. As of now, income tax and payments will be due on May 17. While this new change applies to individual taxpayers and families, including people paying self-employment tax, this relief does have an exception—it will not apply to the estimated tax payments that many small business owners owe for the first quarter of 2021.

Finance Trending

March 13, 2021 Staff Writer

Oil Hits 14-Year High After Continued OPEC Cuts

In recent weeks there has been an abundance of complaints of the skyrocketing gas prices. Some have pinned this on the recent shift in governmental power with the new United States president, Joe Biden. Others have blamed it on the economic trends that have accompanied the pandemic, but who is to “blame?”

Finance Trending

March 13, 2021 Patrick Ritter

Gap Inc. Looks to Bounce Back from a Year that Shook the Retail Industry

As the pandemic continues to take a toll on the retail industry, Gap Inc. CEO Sonia Syngal predicts a revival of the clothing sector in 2021. Syngal told the Wall Street Journal that “We do think there’s going to be this peacocking effect that happens, as people emerge from COVID.”

Marketing Trending

March 13, 2021 Anthony Pizzonia

The Clash of Advertisers: Google Faces Competition in Trade Desk

Twenty years ago, the word “Google” was one of the Seussian variety—that is, a word that sounds like it belongs in a children’s book instead of one plastered along the walls of a Fortune 500 Silicon Valley-based company. However, it is no secret that Google has emerged as a tech titan in a world full of cutting-edge competitors that stop at nothing to outmaneuver one another at every turn, whether it is parent company’s Alphabet Inc.’s firm entrenchment in the top 15 of the Fortune 500 since its creation in 2015 or the company’s arrival to the trillion-dollar company club in 2020, there is little debate that Google has ruled the tech industry with an iron fist.

Finance Trending

February 28, 2021 Ariel Go Jr

Power & Water Shortages Disrupt Businesses in Texas

After a catastrophic week of record-low temperatures in Texas and a brutal winter storm, millions of citizens were left shivering in the cold without electricity as the state’s electric grid operator lost control of the power supply. While power has been restored to most homes and businesses in the state, one major problem remains- a shortage of safe drinking water.

Finance Trending

February 28, 2021 Patrick Ritter

UK Supreme Court Rules in Favor of Uber Drivers Following 5-Year Legal Battle

On February 19th, the U.K. Supreme Court ruled that Uber drivers must be considered workers rather than self-employed, entitling thousands of Uber drivers to minimum wage and holiday pay, according to BBC News. The ruling requires drivers to be considered workers from the time they log on to the app until they log off.

Finance Trending

February 28, 2021 Alyssa Mar

Robinhood and Citadel CEOs Face Questionings from Lawmakers

Last Friday, the House Committee of Financial Services called upon Robinhood and Citadel CEOs Vlad Tenev and Ken Griffin to testify before Congress for restricting trading of GameStop stock on the Robinhood app.

Technology Trending

February 15, 2021 Karina Agarwal

Artificial Intelligence: A Challenge on Diversity in Today’s Technology-Powered World

“Being in a minority, even in a minority of one, did not make you mad. There was truth and there was untruth, and if you clung to the truth even against the whole world, you were not mad.” ― George Orwell, 1984

George Orwell’s quote has never been more relevant than today. Even though something may feel uncomfortable to talk about, that does not make it untrue. Change can start with a single voice creating a ripple effect. Being the only one, does not mean that what you have to say is any less important even if it feels like the whole world is against you.

Technology Trending

February 12, 2021 Staff Writer

Automakers Struggle With Global Chip Shortage

Just as the auto industry demonstrated signs of recovery from the shutdowns last spring due to the coronavirus pandemic, an untimely issue regarding a dearth of semiconductor chips has arisen. Because of the global shortage of these silicon chips, nearly every major automaker, including Ford Motor Co, Toyota, and Nissan, have halted some form of car production and furloughed workers. Specifically, Ford and the General Motors Company predict lost earnings due to this unforeseen problem, potentially losing $2.5 billion and $2 billion, respectively.

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