The IRS has increased the standard mileage deduction rates for business, medical, and moving purposes starting July 1, 2026, due to rising gas prices influenced by the Iran war disrupting Middle East oil flow. Business mileage deductions rose to 76 cents per mile from 72.5 cents, while medical and moving rates increased to 23.5 cents from 20.5 cents. Gas prices have surged nearly 25% over the past year, contributing to inflation pressures and complicating the Federal Reserve's outlook on interest rate cuts. This adjustment helps taxpayers offset higher fuel costs amid ongoing geopolitical tensions affecting oil supply.
Aduro Clean Technologies and ECOCE have successfully completed Phase 1 of mapping flexible and multilayer plastic waste streams in Mexico, estimated at 1.5 million tons annually. The project now moves into testing these materials using Aduro's Hydroc...
Aduro Clean Technologies and ECOCE have completed phase 1 of mapping flexible plastic waste streams in Mexico, estimated at 1.5 million tonnes annually. They are now moving selected post-consumer flexible packaging materials into Hydrochemolytic™ (HC...
PIMCO taxable closed-end funds (CEFs) have experienced significant premium compression, with valuations moving closer to their net asset values after years of elevated premiums. This decline in premiums has mainly affected funds like PCM, PTY, RCS, P...
Bitcoin's price briefly climbed above $65,000 after falling to $62,200 but faced rejection and a modest pullback followed. Despite short-term bullish signals from the Bitcoin Regime Score, overall market conditions remain fragile with no strong deman...
DXP Enterprises is successfully expanding its business by acquiring higher-margin service companies, leading to consistent margin growth. The company recently acquired General Repair Services, continuing its roll-up strategy. Its net income and EBITD...
