Texas pipeline company threatens to cut off fuel to major power generator

Sign up for The Brief, our daily newsletter that keeps readers up to date with the most essential news from Texas. As freezing weather swept across Texas late this week, subsidiaries of a major pipeline company threatened to cut off natural gas to the state’s largest power generator – potentially impacting the power supply to … Read more

Microsoft’s Activision Blizzard Deal to Power Its Netflix-of-Gaming Aspirations

Microsoft Corps MSFT 2.72% Acquisition of Activision Blizzard Inc. ATVIA -0.01% aims to shake up the gaming industry by expanding the software giant’s library of blockbuster video games and amplifying its efforts to entice consumers into its cloud gaming service. The planned $75 billion deal would be Microsoft’s largest ever and its most ambitious investment … Read more

How HIFO accounting reduces IRS bill

Bitcoin is down about 36% from its all-time high in November, but the drop has an upside, thanks to a quirk in the tax code that helps crypto holders protect their earnings from the IRS. The IRS treats cryptocurrencies as property, which means that every time you spend, trade, or sell your tokens, you register … Read more

U.S. grocery shortages deepen as pandemic dries supplies

Jan 14 (Reuters) – Strong demand for groceries combined with soaring transportation costs and Omicron-related labor shortages are creating a new round of backlogs at processed food and fresh produce, resulting in empty supermarket shelves at major retailers across the United States. West Coast perishable produce producers are paying nearly triple pre-pandemic trucking rates to … Read more