Detroit will become largest city in U.S. to accept cryptocurrency for taxes Detroit will become largest city in U.S. to accept cryptocurrency for taxes 00:38 (CBS DETROIT) – Beginning in 2025, Detroiters will have the option to pay their taxes and other city fees with cryptocurrency, the city announced Thursday, making Detroit the largest city in the U.S. to accept cryptocurrency for taxes.  City officials said payments will be made through

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Check out the companies making headlines in extended trading: Qualcomm — The chipmaker popped 4% after posting results for the fiscal fourth quarter that topped Wall Street’s expectations. The company also offered a strong outlook for the current quarter. Qualcomm reported adjusted earnings of $2.69 per share on $10.24 billion in revenue. Arm Holdings — The semiconductor company slipped 4% despite reporting earnings for the fiscal second quarter that beat

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Scammers target job seekers Scammers target job seekers 03:03 Between finding openings, sending out your resume and interviewing, looking for a job is tough. Now a growing trend of scammers impersonating recruiters is making it even harder. In the last year, job scams have been on the rise, according to Eva Velasquez, president and CEO of the Identity Theft Resource Center, a nonprofit that helps consumers when their identities are compromised. Because

Standard Chartered projects a fourfold increase in the digital assets market cap, reaching $10 trillion by the U.S. mid-term elections in late 2026. What Happened: According to a new note from Geoffrey Kendrick, Head of Research at Standard Chartered, this growth forecast is based on anticipated regulatory shifts following a projected Republican sweep in the recent election cycle, which could lead to mainstream adoption and real-world use cases for digital

Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019. Aly Song | Reuters BEIJING — Donald Trump’s 2024 presidential win has raised the bar for China’s fiscal stimulus plans, expected Friday. On the campaign trial, Trump threatened to impose additional tariffs of 60% or more on Chinese goods sold to the U.S. Increased duties of

Getty Images; Alyssa Powell/BI Small-cap stocks could be headed for big upside amid Trump’s second term, Tom Lee says. “I think small-caps could, over the next couple of years, outperform by more than 100%,” he said. Lee predicted in July that small-caps had 40% upside through the rest of this year. Donald Trump’s presidency could drive monster gains in a particular corner of the stock market in the coming years,

Fed Chair Jerome Powell says he won’t resign if Trump tries to remove him – CBS News Watch CBS News Federal Reserve Chairman Jerome Powell said he would not step down if pressured by President-elect Trump. The Fed also cut interest rates by one quarter of a percentage point. MoneyWatch correspondent Kelly O’Grady has the details. Be the first to know Get browser notifications for breaking news, live events, and

With shares down by 78% from an all-time high reached in March, Super Micro Computer (NASDAQ: SMCI) might be one of the first dominoes to fall as the artificial intelligence (AI) hype cycle reaches a possible conclusion. But so far, this crash has little to do with company fundamentals and seems more related to allegedly shady accounting practices and possible wrongdoing. Let’s explore three factors to watch before considering a