Warren Buffett is holding these stocks for monstrous free cash flow — why you should too

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Tesla 3Q earnings top estimates after deliveries set record high

Tesla is set to release quarterly results after market close on Wednesday, with Wall Street optimistic that the automaker's record-setting third-quarter deliveries will translate into strong profits even as supply chain challenges weighed broadly on the auto industry.

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  Tesla charges forward with a record quarterly profit of $1.6 billion

  TechCrunch
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  Tesla Posts Record Quarterly Earnings on Supply-Chain Resilience

  The Wall Street Journal

Biden revises proposal to have IRS monitor bank accounts more closely. Here’s how it would work

After uproar over a proposal to have banks tell the Internal Revenue Service about their customers’ annual cash-flow information, the Biden administration and congressional Democrats unveiled a new, pared-down proposal on Tuesday. Now the question is whether this version of the proposed reporting requirement, which would kick in at the $10,000 mark instead of covering transactions above a $600 threshold, will, if it passes, win over critics and help the IRS catch tax cheats. In the Biden administration’s bid to ensure rich households pay their full tax bill, they proposed months ago that bank, loan and investment accounts report to the IRS on their customers’ aggregate “inflow” and “outflow” above the $600 point on a yearly basis.

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  Democrats raise proposed IRS bank reporting threshold to $10,000 from $600

  Reuters
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  Democrats Try to Salvage IRS Bank-Account Reporting With Scaled-Back Plan

  The Wall Street Journal

Democrats raise proposed IRS bank reporting threshold to $10,000 from $600

WASHINGTON (Reuters) -Senior Democrats in Congress have agreed to raise their proposed tax reporting threshold for bank account inflows and outflows to $10,000 a year, with exemptions for wage income, from an earlier proposal of $600 that drew criticism for being too intrusive. U.S. Senate Finance Committee Chairman Ron Wyden on Tuesday said the new $10,000 Internal Revenue Service reporting threshold, to be included in Democrats' sweeping "reconciliation" social spending and tax hike legislation, was chosen after consultations with the U.S. Treasury because it is a level frequently used in other bank reporting requirements.

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  Democrats pitch scaled-down U.S. bank tax reporting requirement

  Reuters
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  Democrats Scale Back Their IRS Bank Reporting Plan

  The Fiscal Times