Unpacking Venezuela’s peculiar debt restructuring

True financial wisdom requires stepping back from headline news to balance the genuine risks with your own long-term perspective.

Individual investors and second-home buyers accounted for 1 in 5 home purchases in September — the highest share in a little over a year.

Crypto investors who failed to report trades in previous years may soon breathe a sigh of relief thanks to legislation currently advancing in the US Congress. Section 502 of the Digital Asset Tax Certainty Act, H. R. 10357, would require the Treasury secretary to establish a Digital Asset Voluntary Disclosure Program within 12 months of the bill becoming law. That would allow eligible taxpayers to correct any past digital asset tax violation by filing amended returns and paying the tax owed, along with interest and a program penalty. The House Ways and Means Committee approved the bill by a 38-5 vote on Sept. 16, but it has not become law yet; it still has to pass the House and Senate and be signed by the president. “It’s a big change that would help a lot of ordinary taxpayers, and it has gotten very little attention,” Andrew Gordon, executive director of Digital Asset Tax Action, tells Magazine. A gap in the systemCrypto investors in the US are already grappling with the first filing season under the new 1099-DA broker reporting rules, which give the IRS greater visibility into crypto transactions.

It’s a key week for tech stocks as Nvidia gears up for a European conference and Meta prepares to report earnings.