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Xavier Lorenzo | Moment | Getty ImagesThe IRS has unveiled higher capital gains tax brackets for 2025.In its announcement Tuesday, the agency boosted the taxable income limits for the long-term capital gains brackets, which apply to assets owned for more than one year.   The IRS also increased figures for dozens of other provisions, including federal income tax brackets, the estate and gift tax exemption and eligibility for the earned income tax credit, among others. More from Personal Finance:Tax brackets may increase after 2025. It could affect your brokerage accountBuying a home? Here are key steps to consider from top-ranked advisorsTrump's tax cuts could expire after 2025. How advisors are preparingThe capital gains rate you pay is based on which bracket you fall into based on taxable...

The Internal Revenue Service has announced a higher estate and gift tax exemption for 2025.The "basic exclusion amount" rises to $13.99 million per person in 2025, up from $13.61 million in 2024, the agency said Tuesday. The exemptions apply to tax-free transfers during life and at death.The IRS also boosted figures for dozens of other provisions, including federal income tax brackets, long-term capital gains tax brackets and eligibility for the earned income tax credit, among others.  More from Personal Finance:Tax brackets may increase after 2025. It could affect your brokerage accountBuying a home? Here are key steps to consider from top-ranked advisorsTrump's tax cuts could expire after 2025. How advisors are preparingAfter 2025, the higher estate and gift tax exemption enacted by form...

Dario Amodei, co-founder and CEO of artificial intelligence startup Anthropic.Chesnot | Getty ImagesAnthropic, the Amazon-backed AI startup founded by former OpenAI research executives, announced Tuesday that it's reached an artificial intelligence milestone for the company: AI agents that can use a computer to complete complex tasks like a human would.Anthropic is the company behind Claude — one of the chatbots that, like OpenAI's ChatGPT and Google's Gemini, has exploded in popularity. Startups like Anthropic, alongside tech giants such as Google, Amazon, Microsoft and Meta, are all part of a generative AI arms race to ensure they don't fall behind in a market predicted to top $1 trillion in revenue within a decade.Anthropic's new Computer Use capability, part of its two newest AI models...

[The stream is slated to start at 11:40 a.m. ET. Please refresh the page if you do not see a player above at that time.]Paolo Ardoino, the CEO of Tether, is set to speak Tuesday at the DC Fintech Week conference at Fannie Mae's headquarters in Washington, D.C.Tether is the company behind the largest stablecoin, USDT, which is pegged to the U.S. dollar. It is the third-largest cryptocurrency by market capitalization, according to CoinMarketCap. USDT accounts for about 71% of the market of U.S. dollar-backed stablecoins, with a market cap of about $120 billion, according to CryptoQuant.Tether has faced criticism over a lack of transparency, while USDT has come under fire for its alleged use by criminals. Nevertheless, it remains the most popular and most easily accessible stablecoin due to i...

Check out the companies making headlines in midday trading: Genuine Parts — Shares fell about 21% on the back of the company's weaker-than-expected earnings for the third quarter. During the period, Genuine Parts earned $1.88 per share, excluding items, below the $2.42 per share that analysts polled by FactSet were expecting. It also slashed its full-year forecast. The stock was headed for its worst day on record. General Motors — The stock jumped nearly 10% after the automaker posted better-than-expected third-quarter results and raised its full-year forecast. For the period, GM earned an adjusted $2.96 per share on $48.76 billion in revenue. Analysts had expected $2.43 in earnings per share on $44.59 billion in revenue, per LSEG. Shares were headed for their biggest one-day gain in nearl...