Consumers in China are taking to social media to express their support for Huawei as the U.S. government looks to ramp up pressure on the Chinese smartphone maker.Technologyread more
U.S. President Donald Trump's latest tariff increase — and Beijing's plans to counter them — are hitting U.S. companies in China, according to a joint survey this month by...China Economyread more
"We are also constantly watching whether the trade war will turn into a tech war," Ma said Tuesday, according to a CNBC translation of his Chinese remarks published by a locak...China Economyread more
Kohl's, J.C. Penney and Nordstrom release disappointing earnings news, putting a damper on their sector.Retailread more
Bezos's comments give a rare glimpse into his interest in the auto industry. Amazon recently invested in two self-driving start-ups.Technologyread more
While investing often seems like a contrarian game where going against the flow feels like the better bet, the reality is that investors who bought the most-favored stocks...Hedge Fundsread more
The economist thinks the Fed ought to pay more attention to financial markets when setting interest rates.The Fedread more
Talks between the world's two largest economies have stalled after each nation lobbied higher tariffs on the other's imports.Traderead more
"Pretty much the entire suite of apps that 'talk' over the internet could be vulnerable," said Tom Uren, a senior analyst at the Australian Strategic Policy Institute's...Cybersecurityread more
A Chinese official in Hong Kong is urging the quick passage of legal measures to allow fugitives to be transferred to the mainland.China Politicsread more
GAC Motor said its delaying its launch in the U.S. but had no timeline when it could launch there.Autosread more
Year-end planning has a whole new look now that a few popular tax deductions have gone away.
The Tax Cuts and Jobs Act raised the standard deduction and did away with personal exemptions and some of the most commonly used deductions, such as job-search expenses, the fees you pay your tax preparer, investment expenses and more.
"While the TCJA was designed to reduce most individuals' tax liability, it may mean an increase for some taxpayers," said Jennifer Lowe, a senior director at Wolters Kluwer, Tax & Accounting.
"It all depends on everyone's unique situation," added Christina Taylor, a senior manager of tax operations at Credit Karma Tax. "I can't wait to see what happens."
In the meantime, plenty of deductions and credits are still available for taxpayers to maximize their year-end strategy, according to Lisa Greene-Lewis, a CPA and tax expert at TurboTax.
And "there's still time to make an impact despite the changes," Greene-Lewis said.
Check out TurboTax's infographic below to see which tax deductions have gone away — and the deductions and credits you can still make the most of before December 31.