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Thursday, November 12, 2026

IRS Tax Updates for 2027: Bigger Standard Deduction, Higher Brackets, and What It Means for You

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Top Business News

  • Nvidia CEO Jensen Huang resigns amid board scrutiny; shares slump 4%
  • Stocks slip as Nvidia weakness weighs on chipmakers and AI stocks
  • Stocks recover as other chipmakers (Broadcom, AMD, Qualcomm) rally
  • Fed's Williams: inflation "far too high," policymakers must act
  • Fed officials signal further tightening as October inflation rises 0.4%
  • What the Fed's latest signals mean for rates, oil and the AI boom
  • Jobless claims rise to 200,000; existing-home sales hit 16-year low
  • SpaceX, Tesla progressing on merger talks; deal possible as soon as December
  • Market pulse: S&P 500 falls 0.35%, 10-year yield jumps to 5.10%
  • Why Anthropic's IPO faces a reality check over its $1.5tn valuation

Updated November 12, 2026

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