Citigroup said it was cutting 10% of its workforce in a bid to help boost the embattled bank’s results and stock price. About 20,000 employees will be let go over the…
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IRS has collected more than $520M in back taxes from delinquent millionaires so far
The IRS announced Friday that it has recently collected more than half a billion dollars from millionaire Americans who owed tax debt. The agency credited the passage of the Inflation…
Inflation ticked up to 3.4% in December thanks in part to outsized housing costs
Inflation climbed from 3.1% to 3.4% in December, a sign the Federal Reserve will continue to have to wrestle consumer price growth down to its desired 2% level. Forecasts had…
Alaska, United flight cancellations continue amid ongoing investigation of Boeing 737 Max 9
Alaska and United airlines announced additional cancellations in the wake of the nationwide grounding of Boeing 737 Max 9 aircraft. In a statement on its website Wednesday, Alaska Airlines said…
Americans grow more confident about the economy, even as the Fed’s inflation fight continues
To many consumers, it probably doesn’t feel like a big improvement. But after two years of breakneck inflation that sent the cost of everyday goods and services surging, 2023 experienced…
Americans grow more confident about the economy, even as the Fed’s inflation fight continues
To many consumers, it probably doesn’t feel like a big improvement. But after two years of breakneck inflation that sent the cost of everyday goods and services surging, 2023 experienced…
IRS announces when it will begin accepting and processing 2023 tax returns
The IRS announced it will officially begin accepting 2023 tax returns on Monday, Jan. 29. But although official processing won’t begin until that date, the agency said filers should not…
Education Department error could lower U.S. students’ financial aid amounts
An error in how the Education Department calculates financial aid threatens to leave some U.S. students with lower subsidy amounts for their secondary schooling this fall. The mistake, first reported…
Boeing’s latest 737 Max failure narrowly avoided tragedy — but it won’t avoid scrutiny
Boeing’s plan to get back on solid footing after a series of quality flaws in its bestselling jet suffered a near disaster when a plane panel blew out during an Alaska Airlines flight, leaving…
Hundreds of Alaska Airlines and United flights canceled after Boeing 737 Max 9 groundings
Hundreds of Alaska Airlines and United Airlines flights remained canceled Monday in the wake of the Federal Aviation Administration’s decision to ground all Boeing 737 Max 9 aircraft. According to…