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NASDAQ:NWS 6 December 2025

IRS Issues Nationwide Warning as Trump Promises Record Tax Refunds: What the ‘Big Beautiful Bill’ Means for Your 2026 Tax Return

IRS Issues Nationwide Warning as Trump Promises Record Tax Refunds: What the ‘Big Beautiful Bill’ Means for Your 2026 Tax Return

The IRS will stop issuing most paper tax refund checks after September 30, 2025, moving to electronic payments under an executive order. Taxpayers without direct deposit information may face a six-week delay for paper refunds. The Trump administration claims the 2026 filing season will bring record refunds under the new OBBBA law, though economists warn of possible inflation risks.

Stock Market Today

  • Shell Executes 1.33 Million Share Buyback Across Six Venues Under May 2026 Plan
    March 20, 2026, 2:07 PM EDT. Shell plc (SHEL) bought back 1,331,562 shares for cancellation on March 20, 2026, as part of its ongoing share repurchase programme running from February 5 to May 1, 2026. The purchases spanned six trading venues including the London Stock Exchange (LSE), Chi-X, BATS, and Amsterdam Exchange (XAMS). Trades occurred in pounds and euros, with volume-weighted average prices (VWAP) near GBP 34.38 and EUR 39.74. Morgan Stanley managed trading decisions independently under the scheme. On the LSE, 398,387 shares were bought at prices ranging from GBP 34.04 to GBP 34.82. XAMS accounted for 359,003 shares at EUR 39.42 to EUR 40.29. Shell shares closed at $91.19, down 1.68% amid mixed peer performance, trading above the 200-day moving average and just shy of their 52-week high. The higher volume, 1.67 times the 20-day average, signals active market interest ahead of the buyback announcement.
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