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Tuesday, January 23
by
ABC News
The IRS announces plans to simplify and redesign tax notices
(NEW YORK) -- With tax season set to kick off next week, the IRS is launching a new initiative to redesign and simplify common tax documents.The changes will eventually apply to around 170 million letters that are sent out to individual taxpayers every year. ...
Tuesday, January 23
by
ABC News
Judge upholds ‘Pharma Bro’ Martin Shkreli’s ban from pharmaceutical industry
(NEW YORK) -- Martin Shkreli's lifetime ban from the pharmaceutical industry was upheld by a federal appeals court in New York on Tuesday.A three-judge panel of the 2nd U.S. Circuit Court of Appeals ruled Shkreli was punished appropriately for antitrust violations.Shkreli increased the price ...
Tuesday, January 23
by
ABC News
Baby clothing company faces criticism over handling of employee’s maternity leave
(NEW YORK) -- A children's clothing brand is facing criticism for the way it handled one employee's request to work remotely while her newborn son was treated in the neonatal intensive care unit.The controversy erupted into public view last week when Ying Liu, the ...
Monday, January 22
by
ABC News
How the ‘loud budgeting’ viral trend could help you save money
(NEW YORK) -- TikTok users are loud and proud, not just about their dance moves and style choices, but also when it comes to budgeting.The recent #loudbudgeting trend, which has racked up nearly 10 million views and counting, is all about sharing your savings ...
Monday, January 22
by
ABC News
Dow closes above 38,000 for 1st time ever, setting record high
(NEW YORK) -- The Dow Jones Industrial Average closed above 38,000 for the first time ever on Monday, setting a record high and capping a steady rise that stretches back to last week.The S&P 500 also reached a record high, closing at about 4,850. ...
Friday, January 19
by
ABC News
Microsoft corporate emails hacked by Russian-backed group, company says
(NEW YORK) -- Microsoft revealed Friday that some of its corporate email accounts were hacked by a Russian-backed group.The tech company said in a blog post that its security team detected the attack on Jan. 12 and quickly identified the group responsible: Midnight Blizzard, ...
Friday, January 19
by
ABC News
US postage stamp and shipping prices go up Sunday
(NEW YORK) -- The U.S. Postal Service will increase stamp prices starting Sunday, a USPS representative confirmed to "Good Morning America."The cost of first-class stamps will rise from 66 cents to 68 cents for letters weighing one ounce or less.Package shipping costs will also ...
Friday, January 19
by
ABC News
Sports Illustrated’s publisher terminates most of staff in mass layoff
(NEW YORK) -- Sports Illustrated employees were notified on Friday that their jobs were being terminated.The Sports Illustrated union posted on X: "This is another difficult day in what has been a difficult four years for Sports Illustrated under Arena Group (previously The Maven) ...
Friday, January 19
by
ABC News
Credit card debt reaches record high in US
(NEW YORK) -- U.S. credit card debt has soared over the last couple of years and recently it reached a major milestone.Americans' combined credit card balances topped $1 trillion dollars last year, according to the Federal Reserve Bank of New York.By comparison, combined credit ...
Thursday, January 18
by
ABC News
Big Tech layoffs are back. Are other workers at risk?
(NEW YORK) -- Big Tech companies laid off hundreds of employees in recent days, commanding headlines and confronting workers across the economy with a question: Am I next?Amazon and Google each imposed cuts, with Apple shutting down a 121-person team in San Diego, Calif., ...
Thursday, January 18
by
ABC News
US hiring stalled and prices increased modestly in recent weeks, Fed report says
(NEW YORK) -- U.S. economic activity changed little in recent weeks as hiring stalled, prices grew modestly and the private sector feared uncertainty tied to the 2024 election, a Federal Reserve report released on Wednesday showed.A rosy outlook nevertheless pervaded the findings, since industry ...
Wednesday, January 17
by
ABC News
Bank overdraft fees may soon plummet. Here’s what to know.
(NEW YORK) -- Tens of millions of Americans who overdraft on their bank accounts each year may soon enjoy major relief.The government agency in charge of protecting consumers' finances introduced a new rule to rein in overdraft fees charged by banks.Americans paid a total ...
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