IRS Commissioner Daniel Werfel testifies before a Senate Finance Committee hearing on Feb. 15, 2023. Kevin Lamarque | Reuters As the IRS pauses on processing new claims for a pandemic-era small business tax break, some filers are in limbo as the agency works on further guidance. The IRS on Thursday temporarily halted processing for amended payroll
In this article CLX Follow your favorite stocksCREATE FREE ACCOUNT Colorox brand toilet bowl cleaner sits on display at a supermarket in Princeton, Ill. Daniel Acker | Bloomberg | Getty Images Clorox on Monday warned of a material financial hit from ongoing production disruptions caused by a cyberattack last month. The company, which produces its
In this article MS Follow your favorite stocksCREATE FREE ACCOUNT The logo of Morgan Stanley is seen in New York Shannon Stapleton | Reuters Morgan Stanley has officially kicked off the generative-AI era on Wall Street. The bank plans to announce Monday that the assistant it created with OpenAI’s latest generative AI software was “fully
In this article ABNB Follow your favorite stocksCREATE FREE ACCOUNT Many Airbnb users with bookings in New York City this Christmas are scrambling to find new accommodations. The company announced plans to cancel and refund bookings for stays after Dec. 1, according to the Associated Press, after long-planned regulations aimed at curbing illegal short-term rentals
Ray Dalio speaks during the 2023 Forbes Iconoclast Summit at Pier 60 on June 12, 2023 in New York City. Taylor Hill | GGetty Images U.S. billionaire Ray Dalio says new investors should have a diversified portfolio as economic and geopolitical headwinds persist. “I would like to have diversification, because what I don’t know is
Marco Vdm | E+ | Getty Images The wage gap costs women in the U.S. about $1.6 trillion a year, a new report finds. Women earned 78 cents for every dollar that men made in 2022, according to National Partnership for Women and Families. Researchers calculated the total cost to women of the wage gap
Artistgndphotography | E+ | Getty Images The Federal Reserve is likely to pause its aggressive interest rate hikes when it meets this week, experts predict. But consumers may not feel any relief. The central bank has already raised interest rates 11 times since last year — the fastest pace of tightening since the early 1980s. Yet recent
U.S. homebuilders are feeling pessimistic about their business for the first time in seven months, thanks to stubbornly high mortgage rates. Builder confidence in the single-family housing market fell 5 points in September to 45 on the National Association of Home Builders/Wells Fargo Housing Market Index. The decrease follows a 6-point drop in August. Anything
Vooruitlopend op Prinsjesdag hebben MKB-Nederland en VNO-NCW deze zomer brancheorganisaties gevraagd hoe zij naar de economie kijken. Dat is behoorlijk somber. Zo denkt de helft (50%) van de brancheorganisaties dat de economie zal verslechteren komende tijd. Slechts 8% denkt dat het beter zal worden. Last van hogere kosten Meer branches (32%) verwachten een daling in hun
US Debt & Deficits: Reforms to Federal Budget & Spending Skip to content Key Findings The federal government’s debt is $33 trillion and rising; budget deficits are projected to grow substantially over the next decade, reaching $2.7 trillion in 2033, or 6.4 percent of gross domestic product (GDP). Debt held by the public will rise
In this article NFLX Follow your favorite stocksCREATE FREE ACCOUNT People carry signs as SAG-AFTRA members walk the picket line in solidarity with striking WGA workers outside Netflix offices in Los Angeles, July 11, 2023. Mario Tama | Getty Images News | Getty Images Picket signs have lined the gates of Hollywood’s studios for nearly
GM workers with the UAW Local 2250 union strike outside the General Motors Wentzville Assembly Plant in Wentzville, Missouri, Sept. 15, 2023. Michael B. Thomas | Getty Images Check out the companies making headlines in midday trading. General Motors, Ford, Stellantis — Shares of Ford rose slightly, while General Motors gained 1% and Stellantis was