Stefani Reynolds / Bloomberg via Getty Images “Possibly Bad” QBI prints According to a report released Tuesday by the Inspector General of Financial Management, the IRS allowed business owners to claim “potentially erroneous” deductions of $ 57 million on 12,980 tax returns filed in the past year. The watchdog asked the tax authorities to tighten…

An 8500 series oil rig ENSCO Elon Musk’s SpaceX bought two deep-sea oil rigs last year and is converting them into floating launch pads to support the giant spacecraft rockets the company is developing. The rigs are located in Brownsville Harbor near the Starship SpaceX development facility in Boca Chica, Texas. The drilling rigs were…

Cari Gundee rides her peloton exercise bike at her home in San Anselmo, California on April 6, 2020. Ezra Shaw | Getty Images Peloton stock fell Tuesday after UBS downgraded the stock from neutral to sell. A staggering spike over the past year carries greater downside risk for investors from here. Stocks recently fell nearly…

Bank of America reported a fourth quarter profit on Tuesday that exceeded analysts’ expectations as the company released some of the money it had set aside for credit losses. The bank said earnings were down 28% to $ 5.47 billion, or 59 cents per share, compared to the 55 cents estimate by analysts surveyed by…

There is snow in front of the entrance to the Garmisch-Partenkirchen hospital. A possibly new variant of the corona virus was discovered in the Garmisch-Partenkirchen hospital. Samples are currently being examined in the Charité hospital in Berlin, the hospital announced on Monday. Image Alliance | Image Alliance | Getty Images Germany is the youngest country…

Dr. Coveline Gounder, a member of the Covid Advisory Board of President-elect Joe Biden, slammed the Trump administration’s piecemeal Covid response as some states in the US struggled to get the vaccine doses they needed. “I think we have already received too many patchwork reactions in the states,” said Gounder in an interview on Monday…

Careers in health care, education and digital services will be among the fastest growing in Southeast Asia this year, according to a new report released Tuesday. LinkedIn’s first report on Jobs on the Rise points to a surge in demand for medical professionals, teachers and creatives in 2021 as the coronavirus changes the face of…

A traveler leaves a test center at Heathrow Airport in London on January 17, 2021. Hollie Adams | Getty Images News | Getty Images The incoming Biden administration said Monday it would not lift an entry ban for most visitors from Europe, the UK and Brazil shortly after President Donald Trump ordered an end to…

Global scientists have reiterated the importance of herd immunity before the economy can fully open again, but a number of startups and big tech companies are trying to accelerate the return to normal. Microsoft, Apple and Google have shown interest in developing vaccination records or certificates to enable safer travel. “It’s pretty clear that vaccination…

New York Governor Andrew Cuomo speaks out on Coronavirus Disease (COVID-19) on November 15, 2020 at Riverside Church in Manhattan, New York City, United States. Andrew Kelly | Reuters New York Governor Andrew Cuomo asked Pfizer CEO Albert Bourla Monday about the option of purchasing Covid-19 vaccine doses direct from the company. The request comes…