Japan, U.S. advance $550 billion investment pact with AI, chips in focus

IRS CEO Frank Bisignano met with tax professionals from the New York area during the IRS’s Nationwide Tax Forum in New York City. Processing Content The attendees at last week’s forum included members of the New York State Society of CPAs as well as Enrolled Agents and other tax practitioners. Bisignano and tax professionals discussed…

For days, one of the most popular AI models of the week had no known maker. Ox Alpha was free to try, impressive at coding, and mysterious enough to set developers guessing about which major AI lab was behind it. Then Z.ai revealed itself. The Beijing AI company said this week that Ox Alpha was…

Key Points Though it has taken a steep decline from its 2025 highs, XRP could rebound if the Clarity Act passes this year. Cardano continues to underperform, due to ongoing weakness in decentralized finance. The meme coin market has become extremely saturated, limiting Dogecoin’s upside potential. 10 stocks we like better than XRP › Thus…

Know-your-customer (KYC) checks are expensive partly because a bank isn’t simply verifying an identity. Compliance teams have to collect information from documents, reconcile it across systems, investigate potential risk factors and build an auditable record explaining how they reached a decision. Incore Bank, a Swiss B2B transaction bank, is testing how much of that work…

For financial advisors with clients who own second homes in New York City, the city’s new pied-à-terre tax is turning a once-simple real estate holding into a broader planning question. For some, it could mean reconsidering how the property is owned or used, and the factors to consider could apply to other locations with similar…

Wescott Financial Advisory, an employee-owned registered investment advisor based in Philadelphia, started in the late 1980s. Amid an industry stuffed with Brooks Brothers-wearing brokers dialing for dollars with cold-calling scripts, Wescott took a different tack. At the time, founder Grant Rawdin worked at a law firm, focusing on taxes. He liked his clients but found…