The Internal Revenue Service will end most unannounced in-person visits to taxpayers in order to ‘reduce public confusion’ and improve safety for taxpayers and employees alike, the agency said Monday.…
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Negotiators for UPS and the Teamsters union representing some 340,000 workers at the nation’s largest package carrier are going back to the table on Tuesday, seeking to finalize a labor…
Federal Reserve launches FedNow instant payment service that could bypass Venmo and PayPal
The U.S. Federal Reserve has launched a long-awaited service which will aim to modernize the country’s payment system by eventually allowing everyday Americans to send and receive funds in seconds,…
Relentless heat wave has people cranking up their air conditioners — and energy bills
Natural gas prices are down, but temperatures are up and so are many households’ utility bills. Across the country, programs for helping low-income residents cover their energy costs — designed…
South Florida braces for Messi debut — and the possibility of a muted economic impact
With Lionel Messi slated to make his American soccer debut Friday, South Florida businesses are bracing for Messi Mania — and the possibility that the immediate economic impact of his…
U.S. to ‘beat up’ airlines when necessary for passengers, transportation secretary says
U.S. Transportation Secretary Pete Buttigieg said he is willing to take a hard line with airlines when necessary as the Biden administration vows a sweeping upgrade in passenger consumer protections.…
‘Barbenheimer’ gets off to hot start with $32.8 million in combined Thursday sales
“Barbenheimer” is off to a red-hot start at the domestic box office. One-half of the viral internet meme, “Barbie,” snared $22.3 million in Thursday night preview tickets, the most of…
Victims want Morgan Stanley to answer for ex-financial adviser’s Ponzi scheme
A former Morgan Stanley financial adviser has been sentenced to more than seven years in prison after admitting he ran a $7 million Ponzi scheme at the firm for more than a…
Why are frozen vegetable prices so high? Blame war, immigration and California weather, economists say
Even as U.S. inflation broadly cools, frozen vegetable prices are hot. The average shelf price for frozen veggies rose by 18% in the past year — the largest increase among all…
FTX lawyers accuse Sam Bankman-Fried of financing his criminal defense with $10 million in misappropriated funds
Sam Bankman-Fried, co-founder of failed crypto exchange FTX, was sued in Delaware bankruptcy court on Thursday by his ex-company’s lawyers, who accuse him and members of his leadership team of…