As fuel costs soar, Carnival looks to raise prices over hedging or a surcharge wsj.com/articles/carni… via The Wall Street Journal

Companies including Costco and Smucker are watching consumer behavior as finance executives, analysts and economists look for signals as to which businesses can hold on to the gains from the pandemic wsj.com/articles/will-… via The Wall Street Journal

Our colleague Evan Gershkovich has now been held for six months in Russia. We want to see him released. Journalism is not a crime.

#IStandWithEvan

wsj.com/world/evan-ger… via The Wall Street Journal

At Brookings, Paul Ryan says he understands why the Moore plaintiffs and their supporters oppose a wealth tax and he does too, but “They’re misfiring on this one.”

Says big chunks of the tax code could become unconstitutional if Moore wins.

New from me with Mark Maurer - As the auto workers’ strike hits its eighth day, finance chiefs at auto suppliers are monitoring their cash and making contingency plans wsj.com/articles/auto-… via The Wall Street Journal

Workers in audit and tax are moving on or considering quitting at a time of an already widening shortage. They shared their exit plans here. “It's somewhat rare that you can say your CPA changed your life” wsj.com/articles/accou…

A CEO with one of the highest pay packages abruptly resigned recently. It actually followed an alleged groping incident by CS Disco’s Kiwi Camara & a pattern of problematic behavior with young female employees. W/ Theo Francis & edited by Marcelo Prince : wsj.com/world/asia/ceo…

#IStandWithEvan

New from Jennifer Williams and me: The IRS delayed tax payments for most of 2023 for almost all California residents.

That also includes big companies based in CA, meaning that Cisco, Intuit and others have been effectively getting zero-interest loans all year.

wsj.com/articles/calif…

New from me: IRS is halting processing of new employee retention tax credit claims and further slowing existing claims.

wsj.com/politics/polic…

Previously unreported documents show what Exxon said publicly about climate change was very different from how it approached the issue after 2006 on.wsj.com/3LpwW2p

Pet owners tend to cut spending on themselves before looking at their pets’ food and toys for savings. As wallets continue to be stretched, however, pet spending is taking a hit. on.wsj.com/468spti

Congress spent last fall not reaching a bipartisan deal on changing a tax law that almost everyone wants changed.

We could be headed for a repeat this fall. My update:

wsj.com/politics/why-b…

A bit of clarity on the still-evolving federal revenue situation for this fiscal year. The California disasters delayed tax-payment deadlines (individuals and corps) until October and we still don't know how much was deferred.

One data point: Cisco says it deferred $2.8B in tax.

Ella and Mikhail, Evan Gershkovich’s parents, visited the The Wall Street Journal Washington bureau yesterday. As we said then: such an honor to have them here and we are proud colleagues of their son. #IStandWithEvan

CFOs from Chipotle, J.M. Smucker and Macy’s are watching to see how the return of student loan payments will affect spending for consumers whose budgets may already be stretched wsj.com/articles/stude… via The Wall Street Journal Jennifer Williams

Inside a Sales Army Turning a Tax Break Into a Modern-Day Gold Rush — great reporting from Ruth Simon & Richard Rubin, two of the best in the business: wsj.com/business/entre… #ERC #taxes @richardrubindc @rsimon18

“There were the jokes when I first started. You know, ‘Nice Uncrustable,’” says Waddell, a 35-year-old machine operator in Erlanger, Ky.

Too busy to make a PBJ? Uncrustables are all the rage among adults on.wsj.com/3R3WN3D

Homeowners. Car buyers. Landlords. Big businesses. Here’s who stands to lose—and in some surprising cases, win—as interest rates stay high in the years ahead. on.wsj.com/3sDm7Dy