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How the wealthy aim to cut their 2026 IRS bills

The U.S. Internal Revenue Service (IRS) building stands after it was reported the IRS will lay off about 6,700 employees, a restructuring that could strain the tax-collecting agency’s resources during the critical tax-filing season, in Washington, D.C., Feb. 20, 2025.  Kent Nishimura | Reuters A version of this article first appeared in CNBC’s Inside Wealth...
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‘Chanakya would have been shocked’: Priyanka’s remarks draws reaction from Amit Shah – watch | India News

NEW DELHI: Congress leader Priyanka Gandhi Vadra took aim at the Centre in the Lok Sabha on Thursday while speaking on the proposed women’s reservation bill, using a sharp Chanakya reference that drew laughter from Union home minister Amit Shah himself and the treasury bench MPs.Backing the idea of reserving seats for women legislators, Priyanka...
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China’s GDP rises 5% in Q1 beating forecasts, Iran war impact limited so far

China’s economic growth rebounded more than expected in the first quarter of 2026, suggesting limited immediate spillovers from the Iran war while giving policymakers more room to delay additional stimulus. Gross domestic product (GDP) in the world’s second-largest economy expanded 5.0% year-on-year in January-March, the fastest pace in three quarters, according to data released by...
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5 things to know before the market opens Thursday

This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Thursday. I’m back after a long weekend in California and at the Coachella Valley Music & Arts Festival, where I saw music tourism play out first-hand. Stock futures are slightly higher this morning. The three major indexes are coming off a...
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Evening news wrap: PM Modi says no state to face injustice in delimitation, Mamata alleges BJP ‘planting bombs’ in Bengal and more | India News

PM Narendra Modi assured that no state will face injustice in the upcoming delimitation exercise. Modi also pitched women’s reservation as a national priority, offering opposition a “blank cheque” for credit. Mamata Banerjee alleged BJP is to “plant bombs” during the upcoming state assembly elections.. India and Austria signed key MoUs to deepen trade and...
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Why foreign automakers dominate the sedan market

The biggest American automakers all but abandoned sedans and coupes in recent years as they rushed to compete in the pickup truck and SUV markets. Many domestic buyers also shifted toward those bigger vehicles. Still, there’s a market for cars, as Japanese, Korean and German brands sell hundreds of thousands of smaller passenger vehicles in...
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