Tax filing and refund season appears to be coming early for many U.S. residents this year. According to the latest data from the Internal Revenue Service, the total number of refunds sent to people who…
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Business
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Business
Feds fine Mormon church for illicitly hiding $32 billion investment fund behind shell companies
The Church of Jesus Christ of Latter-day Saints and a nonprofit entity that it controlled have been fined $5 million by the Securities and Exchange Commission over accusations that the religious institution failed to properly…
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Home Depot announced Tuesday it was investing $1 billion in its hourly workers, bringing their average starting salary to $15 an hour. The workers will see the increase, which went into effect Feb. 6, this…
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Goldman Sachs and Bank of America said they expect the U.S. Federal Reserve to raise interest rates three more times this year, lifting their estimates after data pointed to persistent inflation and a resilient labor…
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Business
Tesla recalling nearly 363,000 vehicles over ‘full self-driving’ software that could lead to crashes
Tesla is recalling 362,758 vehicles because a version of its ‘full self-driving’ software may increase the risk of crashes, according to the National Highway Traffic Safety Administration in response to a notice Tesla sent the…
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A group of Tesla workers in Buffalo, New York, have filed a complaint with the National Labor Relations Board accusing the electric carmaker of firing at least 30 workers in response to their union organizing…
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As many shoppers trade down from pricier brand-name items for generic alternatives, grocers are increasingly pushing food suppliers to lower prices. Government data released Tuesday showed grocery prices were 11.3% higher in January than the…
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An IT failure at Lufthansa stranded thousands of passengers and forced flights to Germany’s busiest airport to be canceled or diverted Wednesday, with the airline blaming botched railway engineering works that damaged broadband cables. More than…
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Business
High-income earners move back into childhood bedrooms, use candles instead of lamps to make ends meet
With high inflation and rising interest rates on consumer debt, an increasing percentage of workers considered to be high-income earners now say they live paycheck to paycheck. According to a recent survey by the banking…
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Business
The IRS has already issued nearly $16 billion in tax refunds, but your refund may be smaller than last year’s
Tax filing and refund season appears to be coming early for many U.S. residents this year. According to the latest data from the Internal Revenue Service, the total number of refunds sent to people who…