The Internal Revenue Service announced Tuesday that some tax filers who faced late-pay penalties for tax years 2020 and 2021 will have those penalties waived. The waiver will apply to filers with assessed tax bills of…
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Business
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Social Security recipients and others on fixed incomes will soon see a slight increase in their monthly benefit checks from the U.S. government. Starting in January, the estimated average monthly retirement benefit will increase by…
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BP has become the latest firm to pause travel through the Suez Canal following a series of attacks on vessels by Houthi militants from Yemen. In a statement Monday, the oil major said the safety of its workers…
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Processing times for U.S. passport applications have returned to pre-pandemic levels, the State Department announced Monday. Routine passport applications are currently processed within six to eight weeks, while expedited service, which costs an additional $60,…
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Social Security recipients and others on fixed incomes will soon see a slight increase in their monthly benefit checks from the U.S. government. Starting in January, the estimated average monthly retirement benefit will increase by…
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The Census Bureau says U.S. companies broke ground on a surprisingly high number of houses in November. The agency says housing starts rose 9% from a year ago, primarily because of an 18% increase in…
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Business
Apple makes surprise decision to pause some Watch sales before Christmas over patent dispute
Apple will pause U.S. sales of two of the latest versions of its Apple Watches due to an intellectual property dispute over their Blood Oxygen feature, the company said. The decision stems from two orders issued…
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Attacks by Iran-backed Houthi militants on ships in the Red Sea have already rocked global trade. And there could be more disruptions and price increases to come for shipments of goods and fuel. Several major shipping lines…
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DETROIT — General Motors plans to lay off about 1,300 workers in Michigan starting early next year due to vehicles they produce ending production, the company disclosed in state documents. The largest of the layoffs were expected. They include…
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The Department of Transportation fined Southwest Airlines $140 million for major flight disruptions during the 2022 holiday season and resulted in nearly 17,000 significantly delayed or canceled flights, the DOT announced Monday. The civil penalty…