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Share to Twitter Share to Linkedin More projects than ever before across the entertainment industry landscape utilized cryptocurrency to develop unique infrastructures to fund productions and create new revenue streams with varying results. With some companies making a profit through these methods the Internal Revenue Service (IRS) has released first-of-its-kind reporting requirements for those who have dealt in crypto over the last tax year. For this reporting period the terminology for reporting cryptocurrency on income tax forms has also been revamped, with it previously being known as “virtual currencies” it is now referred to as “digital assets”. One 1040 income tax form iterates, “At any time during 2022, did you: (a) receive (as a reward, award or payment for property or services); or (b) sell, exchange, gift or otherwise dispose of a digital asset (or a financial interest in a digital asset)?” The IRS’ subsequent checklist regarding … [Read more...] about Record-Breaking Cryptocurrency Adoption Leads The IRS To Release New Reporting Requirements

Hassane Kamara of Watford FC looks dejected following their side's defeat in the Premier League match between Manchester City and Watford at Etihad Stadium on April 23, 2022 in Manchester, England. (Photo by Alex Livesey/Getty Images) Hassane Kamara is a high-octane defender at Watford FC in England. He was the club’s player of the year last season despite only joining in January 2022. He’s also emblematic of the financial engineering available to football clubs through the increasingly popular multi-club ownership model. Watford was relegated from the Premier League last summer and Kamara was sold to Udinese of Italy for a profit of about £12 million ($14.4 million). That looked like a great trade — but even better was that Udinese, which is owned by the same Italian family that owns Watford, immediately loaned the player back. No rules were broken and Watford Chairman Scott Duxbury was upfront about the motives, telling the club’s website that the deal aimed to balance … [Read more...] about It’s not just Manchester City. Financial football is becoming more prevalent

BP Plc posted its second-highest quarterly profit on record and announced a further $2.5 billion of share buybacks, capping a stellar period for Big Oil after Russias invasion of Ukraine pushed up energy prices. (Source: Bloomberg) When Bernard Looney took over as chief executive officer of BP Plc in 2020, he promised to quickly decarbonize the British oil major, cutting oil and gas production by 40 percent by 2030 and channeling billions of dollars into wind and solar projects. It was a stronger version of the “Beyond Petroleum” slogan BP once used. On Tuesday, Looney altered course. The company put out some fine words about its commitment to green energy and several billion dollars in investment to back it. But in tandem, it promised shareholders it would invest heavily into oil and gas projects. Instead of a 40 percent output cut, oil and gas production would fall by 25 percent by the end of the decade. Don’t say it out loud — because Looney took pains to emphasise that … [Read more...] about Don’t say it out loud, but BP is back into petroleum

There are many reasons for volatility of prices to deviate from business earnings. Maybe it is belief of a different macro environment. (Representative image) The term “volatility” finds unique use in Indian stock market lingo. I am not aware of any other market where “volatility” is so frequently referred to by market participants. In India, it stands for corrections/crashes many a time. Indian TV channels when describing markets on a day as having gone up or down (even a 50 point move in the Nifty) term them as “volatile” markets. However, volatility in its universal sense refers to a move away from trend –... … [Read more...] about How to make volatility your friend

Finance Secretary TV Somanathan TV Somanathan is one of the key persons behind drafting the budget. In an interaction with Shweta Punj of Moneycontrol, the finance secretary shared the thoughts  that went into drawing up the document, and nuancing between the known unknowns and unknown unknowns. Edited excerpts: Q: The economy has faced several global headwinds yet managed to stay steady. What were your priorities as you were drafting this budget? What were the three key things that you wanted to ensure? There were three key priorities. One, to act as a driver of growth at a time when global growth is slowing down, but when India is poised to recover its growth rate to its potential. That was one of the objectives, which you see reflected in a big increase in capital investment and in several other parts of the budget, which are essentially to propel growth. The second major concern was that in doing that, we wanted to be sure that we were fiscally prudent. In our … [Read more...] about It is a challenging number, the reduction to 4.5, but it is feasible. It’s difficult, but feasible

My gun collection has grown large. With my sixth grandkid on the way, I wanted to buy another safe to lock away weapons and valuables. Then, when Joe Biden said we need not worry about the security of his classified documents, it occurred to me: I have a perfectly good two-car garage, too. Thanks for the security tip, Joe! When asked by a reporter who inadvertently practiced vigilant journalism about his cache of classified documents, Joe Biden said, “There is no there there.” This was a prickish, Democrat politician way to say, “Do not cover this story; I am totally guilty.”  It turns out documents were there, there, there and just about everywhere. Mike Pence just upped the ante on the classified documents gambit. He said he also had such top-secret documents in his home. This prompted our ever-vigilant federal government to ask all ex-presidents, “Hey guys, any of you cats have any of dem classified documents?” We will see what Obama and Dubya say, but Jimmy Carter … [Read more...] about HART: Classified Documents Here, There, Everywhere!

Share to Twitter Share to Linkedin For over a decade, reality television star Lisa Vanderpump has brought a memorable sense of elegance and style into our homes. From her nine seasons on Bravo’s The Real Housewives of Beverly Hills to her ongoing reign with Vanderpump Rules , Lisa has effectively utilized her notoriety to now be able to create the projects that matter most to her today. “I’ve got to a stage in my life where everything has to be a passion project,” Lisa, 62, tells me over tea at her vibrant “Villa Rosa” home in Beverly Hills. “I’ve done so many different things that now I find that I am motivated by something that excites me. I love design. My design partner [ Nick Alain ] is here now. We have two new big projects coming up. We’re designing two new restaurants that have a deadline and nothing is as motivating as a deadline. I’ve just opened Paris Casino in Las Vegas, which we presented to them and they fell in love with our visuals. … [Read more...] about Lisa Vanderpump On Being Her Own Boss, Reality Television Today And Her Expanding Business World

Share to Twitter Share to Linkedin Jeremy King, CEO and Founder, Attest . You've been here before. The supermarket snacks and chips aisle, overwhelmed by the varieties of crunchy, salty goodness. While new brands hit the shelves every day, one tortilla chip has amassed brand recognition like no other. Frito-Lay launched Doritos, the first tortilla chip to be sold across the U.S., in 1966 with the "toasted corn" flavor. The reception was muted, with some consumers complaining they were bland. Frito-Lay listened, and when it launched " taco flavor " Doritos in 1967 , it set a precedent for future success. Fast-forward to today, and Doritos are the top fried corn snack in the U.S. Frito-Lay is comfortably the biggest tortilla chip vendor in the country with some 1.89 billion units sold from May 2021 to May 2022. Doritos also have a huge global footprint, stocked by retailers the world over. Consumer research—truly knowing the … [Read more...] about How Doritos’ Localized Insights Strategy Got The Whole World Snacking

Share to Twitter Share to Linkedin New York-based Humanscale aims to lead the next wave in design, sourcing, manufacturing, and product lifecycle, even as its furniture supports a healthy, more intuitive, more active way for people to work. Humanscale, a global leader in workplace ergonomics, guides all its operations by four pillars: Function, Simplicity, Longevity, and something it calls “Beyond Sustainability.” Those ethics have been behind all its innovations in high-performance, robust, and adaptable office furniture. Since its founding in 1983 when it daringly proclaimed that desks and chairs and lighting ought to adapt to us , rather than the other way around. The four pillars were behind the company’s status as a true market leader with the introduction of its flagship Freedom chair in 1999, created by renowned ergonomics designer Niels Diffrient . Behind its first global recognition as workplace ergonomics innovator in the ’90s with … [Read more...] about At Humanscale, “Less Bad Isn’t Good Enough” For A Sustainable Future

Share to Twitter Share to Linkedin Floyd Mayweather’s Nascar team is preparing to make waves in its second season of competition. The Money Team Racing — coined after Maywather’s lifestyle brand — just announced it will attempt to qualify for the Daytona 500 with Conor Daly later this month. Mayweather co-owns the No. 50 Chevrolet team with longtime Nascar executive Willy Auchmoody and ONE Entertainment CEO Brent Johnson, who’s Mayweather’s marketing manager. The part-time organization spent several years and the majority of the Covid-19 pandemic to overcome hurdles before qualifying into the 2022 Daytona 500 with Kaz Grala to make its debut. “The Money Team Racing shocked the world by making the Daytona 500 last year and I believe in this team and know we will prepare a great car for this year's race,” Mayweather said in a statement. “Like a fighter who’s always ready to face the best, Conor has the courage to buckle into this beast without any practice … [Read more...] about Floyd Mayweather’s The Money Team Racing Prepares For Second Nascar Cup Series Season