Author: Press Room

New York CNN  —  The IRS will start accepting 2022 federal income tax returns on January 23, the tax agency announced on Thursday. Of course, you don’t have to file your return that early. The official due date for returns this year will be Tuesday, April 18, the agency announced. That’s because April 15 — the traditional due date — falls on a Saturday; and Monday, April 17 is Emancipation Day — an official holiday in the District of Columbia, where the IRS is headquartered. The filing due date is the day by which you must have filed your 2022…

Sam Bankman-Fried and another former top FTX executive have said Sullivan & Cromwell understated the scale of its work for the exchange before its collapse, sharpening the scrutiny of the law firm’s lucrative bankruptcy appointment.Sullivan’s appointment as counsel to FTX, which filed for Chapter 11 in November, has been challenged by a creditor to the cryptocurrency exchange and questioned by four US senators who argue its close links to FTX before its collapse mean the firm cannot impartially investigate the company’s demise. In response, Sullivan earlier this week said it “never served as primary outside counsel to any FTX entity”…

The manager of Baillie Gifford’s flagship fund has admitted that 2022 was a “humbling year” after the investment group lost more than $14bn on stakes in Tesla and ecommerce group Shopify.Tom Slater, manager of the firm’s £13.8bn Scottish Mortgage Investment Trust, told an investor forum in London it had been “a mistake” to assume that changes in consumer habits during the pandemic would last, “and we were slow to recognise the significance of the shattering in Sino-US relations”.More than $8bn of losses on Tesla and $6bn on Shopify made these two of Baillie Gifford’s worst-performing holdings. Tesla is the Scottish Mortgage…

CNN  —  For three years, California has been in desperate need of rain. Years of unfavorable precipitation trends and more intense heat waves have fed directly to the state’s unrelenting, historic drought that has triggered dire water shortages. But the past several weeks of rain and snow have “significantly reduced” the state’s drought intensity, according the US Drought Monitor’s latest report. Extreme drought — the second-highest designation on the drought monitor scale — has nearly disappeared, according to the weekly analysis published Thursday. It is now confined to less than 1% of the state near the border with Oregon. Only…

Awards season really kicked off with the annual Palm Springs International Film Festival, which came to a close today. All week long, Hollywood’s top stars touched down in California for a variety of film screenings and panels—and they, of course, all walked the red carpet in style. While the event is decidedly more casual than the formal Golden Globes or Oscars, there were still a handful of statements to witness, whether it be surreal silhouettes or archival gems.Some of the week’s best dressed attendees? Everything Everywhere All at Once star Michelle Yeoh—who picked up a Golden Globe earlier this week—made…

The developers behind a plan that would have seen a sprawling series of high- and low-rise buildings built in and around shops and businesses in the Polo Park area are back with a new plan. Cadillac Fairview — owner of CF Polo Park — and Shindico released a new master plan for the area surrounding the mall, including the former Canad Inns Stadium site, Thursday.Under the new plan, the developers would partner to redevelop the 84 acres of land bordered by Portage Avenue, St. James Street, St. Matthews Avenue and Empress Street to include what they’re calling a “complete community”…

An emotionally disturbed Staten Island man was arrested Thursday and charged in the stabbing death of a fired NYPD detective, police sources said. Eric Wilson, 26, who has seven prior arrests, allegedly got into a beef with victim Nicholas Nelson on Wednesday night, which escalated and turned violent — ending with the ex-cop’s death, police and sources said. Sources said the fight started when Wilson allegedly tried to open Nelson’s car door while his son was inside. Nelson, 37, then took his children back to their mom on Elizabeth Street in West Brighton, but Wilson followed and remained outside yelling…

Still the one! One Direction may have hit pause on their music together, but band members Harry Styles, Niall Horan, Liam Payne, Louis Tomlinson and Zayn Malik have continued to hit play when it comes to romance. Malik’s relationship with fellow English singer Perrie Edwards was a fan-favorite as the couple started dating in 2011 and got engaged two years later. The pair later announced the end of their relationship in 2015. Since then Malik has been with Gigi Hadid. The couple sparked romance rumors in 2015 and welcomed their first child, a daughter named Khai, in September 2020. Styles,…

A man pumps gas at a gas station in the Brooklyn borough of New York, the United States, Dec. 13, 2022.Michael Nagle | Xinhua News Agency | Getty ImagesDecember’s monthly decline in the consumer price index gets the Federal Reserve a step closer to beating inflation, though they’re highly unlikely to signal an easing of policy anytime soon.The key inflation gauge fell 0.1% for the month, in line with market expectations and was the biggest drop since April 2020.Though the CPI for all items is still 6.5% ahead of where it was a year ago, the arc has been steadily…

A year ago, Jeff Cohen and three others survived a hostage standoff at their Reform Jewish synagogue in this Fort Worth suburb.Their trauma did not disappear, though, with the FBI’s killing of the pistol-wielding captor, 44-year-old British national Malik Faisal Akram.Healing from the Jan. 15, 2022, ordeal remains an ongoing process.TEXAS SYNAGOGUE HOSTAGE SUSPECT WAS BANNED FROM UK COURT OVER ‘THREATENING’ 9/11 OUTBURST: REPORT”Let’s be blunt: We’re healing. We’re not healed,” said Cohen, 58, a Lockheed Martin engineer who serves as president of Congregation Beth Israel and its 140-family membership.The 10-hour standoff ended about 9 p.m. that Saturday as the…