Thousands of employees at the Internal Revenue Service have lost their jobs in recent months. That reduction in the workforce could affect the agency’s essential functions — from audits and collection enforcement to the processing of tax returns and refunds — during the height of tax season. In February, an estimated 6,000 to 7,000 probationary…
Sen. Adam Schiff, D-Calif., questions Brooke Rollins, President Donald Trump’s nominee to be Agriculture secretary, during her Senate Agriculture, Nutrition and Forestry Committee confirmation hearing in Dirksen building on Thursday, January 23, 2025. Tom Williams | Cq-roll Call, Inc. | Getty Images A group of Senate Democrats on Friday asked the Securities and Exchange Commission…
U.S. President Donald Trump attends a cabinet meeting at the White House in Washington, D.C., U.S., April 10, 2025. Nathan Howard | Reuters President Donald Trump on Friday said five more law firms have struck agreements with his administration that involve them committing to at least $600 million total in pro bono work for causes…
Nvidia CEO Jensen Huang delivers the keynote for the Nvidia GPU Technology Conference at the SAP Center in San Jose, California, on March 18, 2025. Brittany Hosea-Small | Reuters The wild week is finally over for technology and the broader market. The tech-heavy Nasdaq Composite jumped 7% this week for its best week since 2022…
Fotostorm | E+ | Getty Images The tax deadline is days away and the IRS is urging taxpayers to file returns on time and “pay as much as they can.” However, if you can’t cover your total tax balance, there are options for the remaining taxes owed, according to the agency. For most tax filers,…
From left, U.S. President Donald Trump, Senator Dave McCormick, his wife Dina Powell McCormick and Elon Musk watch the men’s NCAA wrestling competition at the Wells Fargo Center in Philadelphia, Pennsylvania, on March 22, 2025. Brendan Smialowski | Afp | Getty Images Meta on Friday announced that it was expanding its board of directors with…
Brightdrop EV600 van Source: Brightdrop DETROIT — General Motors is cutting production of its all-electric BrightDrop delivery vans at a plant in Canada and will idle the facility through much of 2025, the company confirmed Friday. The CAMI assembly plant in Ingersoll, Ontario, will be reduced from two shifts to one — eliminating 500 jobs…
The average rate on the popular 30-year fixed mortgage surged 13 basis points Friday to 7.1%, according to Mortgage News Daily. That’s the highest rate since mid-February. Mortgage rates have been on a roller coaster ride all week, as bond yields spiked higher mid-week when President Donald Trump’s new tariffs on dozens of countries went…
Toys made by Mattel, Hasbro and others are seen at a Macy’s store in New York. Staff | Reuters There’s trouble in Toyland. Toy giants Mattel and Hasbro have seen their stocks battered by President Donald Trump’s escalated trade war with China. On Friday, Mattel shares hit a new 52-week intraday low of $13.95 apiece,…
People shop in Bayonne, New Jersey on April 8, 2025. Charly Triballeau | Afp | Getty Images Consumer sentiment grew even worse than expected in April as the expected inflation level hit its highest since 1981, a closely watched University of Michigan survey showed Friday. The survey’s mid-month reading on consumer sentiment fell to 50.8,…
