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Whether dodging taxes or legal peril, wealthy Americans often succeed in concealing assets from the government by hiding their money in offshore bank accounts. Research from the IRS and a group of economists last year found that the top 1% of earners in the U.S. neglect to report 20% of their income — and that random audits almost never detect offshore accounts. “The level of sneakiness around very wealthy American clients hiding their money abroad is kind of staggering,” best-selling… Source link

It’s not uncommon for professional athletes to have hobbies outside of their sport. Many love to golf. Others play tennis or bowl or cook. For NBA Hall of Famer and current TNT broadcaster Reggie Miller, it’s mountain biking. He recently told The Wall Street Journal’s Jason Gay that he’ll even think about his training schedule or upcoming races while he’s calling a game. Miller became so good at cycling that he races at a level just below “pro.” But Miller, 56, doesn’t think he’ll ever race… Source link

A former HR employee revealed the big question he recommends asking at the end of every job interview. The TikToker, named Miles (@milesmadeit), posted the advice in a now-viral video. He starts his clip by explaining that he thinks everyone should work in human resources at some point. “I don’t care if it’s an internship, full-time job, whatever,” he says. “You need to learn how the system works from the inside.” What is inflation and what causes it? From there, he offers one of the… Source link

(Bloomberg) — US social-media giants were poised to see more than $76 billion wiped off their stock-market values Friday after disappointing revenue from Snap Inc. raised concerns about the outlook for online advertising. Most Read from Bloomberg The Snapchat parent plummeted as much as 30% in premarket trading. Meanwhile, Facebook parent Meta Platforms Inc. fell 4.8%, Google owner Alphabet Inc. declined 2.8%, Twitter Inc. slipped 2.5% and Pinterest slumped 7.2%. The losses mark the second… Source link

Four months ago, when Deshaun Watson signed the most staggering contract in NFL history, a fully guaranteed $230 million dollar deal, the salary implications across the league were unmistakable. It had the potential to completely reshape the ceiling and floor of top-10 caliber NFL quarterback money. And it left a message resonating through front office and ownership suites. Now we wait. For what, exactly? Well, for Thursday, when the other shoe dropped on a top-10 quarterback deal this… Source link

Former Raiders and MLB star Bo Jackson revealed this week that he had donated to help cover funeral costs for the victims of the mass shooting at Robb Elementary School in Uvalde, Texas, earlier this year. Jackson, who doesn’t have a real connection to the city other than having driven through it in the past while on hunting trips, said he just felt compelled to help after 19 students and two teachers were killed in May. “I don’t know if it’s because I’m getting old. It’s just not… Source link

Snapchat parent Snap (SNAP) reported its Q2 earnings after the closing bell on Thursday, missing Wall Street’s expectations and sending shares plunging 23% in after hours trading. Here’s how the company performed in the quarter compared to what analysts were looking for, as compiled by Bloomberg. Revenue: $1.11 billion versus $1.14 billion expected Adjusted EPS: -$0.02 versus -$0.05 expected Daily active users: 347 million versus 343.2 million expected Average revenue per Snap user fell 4.5%… Source link

Russia is speaking out against the United States in the Brittney Griner case, just one day after the Phoenix Mercury star was front and center at the ESPYs. Russia’s Foreign Ministry spokeswoman Maria Zakharova said on Thursday that the United States classifying Griner as “wrongfully detained” shows blatant disrespect for Russian law. Even though marijuana is legal in various states, Zakharova said, it doesn’t matter one bit in Russia. “If a U.S. citizen was taken in connection with… Source link

Don’t expect to see Novak Djokovic playing in the US Open next month, for reasons that should already be very clear. The tournament’s organizers released a statement Wednesday confirming they will respect the U.S. government’s requirement that non-citizens and non-immigrants be vaccinated to enter the country, which will include Djokovic unless he gets vaccinated in the next few weeks. Djokovic was included on the tournament’s entry list as the No. 7 ranked player, but that was purely… Source link

Tesla (TSLA) stock was up over 10% Thursday afternoon, as the electric vehicle maker reported a better quarter than feared, given production challenges in China, component shortages, and the resources it’s using to gear up production at new factories in Austin and Berlin. In Tesla’s shareholder letter, the company noted that its installed annual capacity, or theoretical max production, increased by nearly two-fold. Tesla’s Fremont production capacity expanded to 650,000 vehicles from… Source link