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Latest reporting and analysis by Miss Jessyca Nolan IV.
Libya launched its first oil exploration bid round in over 17 years, while Iraq, Kuwait, Oman, and Syria are advancing new drilling and pipeline projects. Syria is reopening for energy investment after sanctions eased.
New York Fed President John Williams said monetary policy is well positioned and sees no near-term reason to cut rates, while the Fed faces legal threats to its independence.
The IRS taxes bonuses differently from regular pay, using two methods: a flat 22% rate or aggregation with regular income. Bonuses are considered supplemental wages and are generally taxable, with some exceptions.
The Federal Reserve implemented rate cuts in 2025, facing public criticism from President Trump, who removed a Fed governor. Fed Chair Powell announced a criminal investigation into his testimony, linking it to political pressure.
US stock indexes closed at record levels on Monday despite a criminal probe into Fed Chair Jerome Powell. Gold and silver surged, while bank stocks fell after Trump's warning on credit card rates.