The U.S. Postal Service is closing all post office locations and suspending regular mail delivery Thursday for former President Jimmy Carter's national day of mourning.
The big picture:Financial markets, including the New York Stock Exchange and Nasdaq, will be closed Jan. 9.
A triad of crypto's big lobbying groups is kicking up a fuss with the IRS over its updated rules for reporting by brokers.
Why it matters: The IRS has released new guidance that pushes into the realm of decentralized finance as it seeks information on taxpayers.
The latest: The Blockchain Association, the DeFi Education Fund and the Texas Blockchain Council have sued over the new rules under the Administrative Procedure Act.
What they're saying: "The rule fails to recognize the decentralized nature of this technology, where many actors simply do not have access to the information the IRS is now demanding," Texas Blockchain Council president Lee Bratcher said in a statement.
The FDIC had some hard follow-up questions for an unidentified American bank... over $1,300 worth of digital asset holdings.
Why it matters: The interaction suggests there was no level of cryptocurrency product offered by a bank in recent years that wouldn't draw a lot of sharp questions from bank regulators.
What's happening: Coinbase got a raft of 25 FDIC letters to banks released with somewhat less redaction (there's still a lot), and it published them Friday as a court filing.
In April 2022, the agency asked its bank supervisees to let it know about all crypto-related activities.
Zoom in: In one letter, labeled Document 22, it seems like all one bank did was make trades in various crypto assets, from tokens to NFTs.
Ohio is positioning itself as a top destination for business growth, offering a diverse and resilient economy, business-friendly tax policies and a workforce as humble as it is driven.
The state's competitive advantages include a 0% state tax on corporate income and a manufacturing workforce that ranks third in the U.S.
Additionally, Ohio's strategic location — a day's drive from 60% of the U.S. and Canadian populations — makes it a prime location for logistics and distribution hubs.
Monday's decisionby the Federal Reserve's top bank regulator to step down from his job — but not from the Fed entirely — is simultaneously less and more than meets the eye.
Why it matters: Michael Barr's self-demotion clears the way for President-elect Trump to appoint a vice chair for supervision. It is no radical departure from past precedent: Fed governors have, in the past, stepped aside on the principle that a new president should get to appoint their own chief financial regulator.
Technical roles — specifically those focused on artificial intelligence —are the fastest growing jobs in the U.S. according to LinkedIn's Jobs on the Rise list, out Tuesday.
Why it matters: 60% of the jobs are new to the list this year, and roughly half of these professions didn't exist 25 years ago.
Doctors are increasingly asking their patients about their needs for food and housing during medical appointments, but the frequency of such screening remains low, a new study shows.
The big picture: Asking about so-called social determinants of health doesn't necessarily mean patients in need are being referred to social service organizations that can help, but it's an important first step.
