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2d ago

Why your 2023 tax refund might be smaller than this year's

The average income tax refund jumped to $3,253 in 2022, up from $2,863 last year.
IRS 1040 Individual Income Tax forms.
IRS 1040 Individual Income Tax forms.
2d ago

U.S. economy added 263,000 jobs in November, more than expected despite Fed rate hikes

The payrolls number was well above the 200,000 estimate, while the unemployment rate was in line.
Citigroup Headquarters Amid Planned 500-Person Hiring Spree In Wealth Unit
Citigroup Headquarters Amid Planned 500-Person Hiring Spree In Wealth Unit
3d ago

The era of cheap money is over. How debt is hitting home for consumers as interest rates soar

Analysts say many other U.S. consumers remain in good financial shape, thanks mostly to low unemployment.
A Kroger supermarket on Oct. 14, 2022, in Atlanta.
A Kroger supermarket on Oct. 14, 2022, in Atlanta.
3d ago

Elon Musk is alienating one of Twitter's most valuable assets: Black influencers

His recent tweets and content policies have rattled prominent members of a community that has historically had an outsize presence on the platform, and some are now defecting.
Elon Musk
Elon Musk
3d ago

Executives at 'fintechs' made hundreds of millions handing out PPP Covid cash, report says

The report says smaller PPP loan applicants were disdained by one fintech, with staff writing, “delete them” and “Who f------ cares.”
 In 2021, the Spencers bought an $8 million mansion.
 In 2021, the Spencers bought an $8 million mansion.
3d ago

E.U. warns Musk to beef up Twitter controls ahead of new rules

The EU’s commissioner for digital policy told Musk that Twitter will have to significantly increase its efforts to comply with the Digital Services Act, set to take effect next year.
Elon Musk attends The 2022 Met Gala on May 2, 2022 in New York.
Elon Musk attends The 2022 Met Gala on May 2, 2022 in New York.
3d ago

Elon Musk's Twitter risks opening floodgates of hate speech and extremism in India

“You just don’t know what he is thinking. And it is scary,” the founder of a website that fights hate speech said of Musk.
Pratik Sinha, one of the founders of Alt News, near his office in Kolkata, India on Nov 28, 2022.
Pratik Sinha, one of the founders of Alt News, near his office in Kolkata, India on Nov 28, 2022.
4d ago

Families of Americans who died of apparent carbon monoxide poisoning in Mexico City to sue Airbnb

In an exclusive interview, the heartbroken mothers of Jordan Marshall, Kandace Florence and Courtez Hall said Airbnb must require working carbon monoxide detectors at all of its rental units.
Jordan Marshall, 28, left, and Kandace Florence, 28.
Jordan Marshall, 28, left, and Kandace Florence, 28.
4d ago

How a rail strike could be an economic disaster

How damaging a strike would be would depend on its length, but a strike of even a few days could lead to a cascade of events that would disrupt supply chains for weeks, industry officials warn.
Activists in support of unionized rail workers protest outside the Capitol
Activists in support of unionized rail workers protest outside the Capitol
4d ago

Sam Bankman-Fried says he 'underestimated' the speed and scale of FTX's collapse

Bankman-Fried, appearing at the New York Times DealBook Summit, tells CNBC anchor Andrew Ross Sorkin over a video call that he was “shocked” by his firm’s collapse.
Image: Andrew Ross Sorkin speaks with FTX founder Sam Bankman-Fried during the New York Times DealBook Summit in the Appel Room at the Jazz At Lincoln Center on Nov. 30, 2022 in New York.
Image: Andrew Ross Sorkin speaks with FTX founder Sam Bankman-Fried during the New York Times DealBook Summit in the Appel Room at the Jazz At Lincoln Center on Nov. 30, 2022 in New York.
4d ago

Fed chairman signals December rate-hike slowdown, warns inflation is still too hot

Jerome Powell cautioned that inflation is still a problem in the U.S. and said a slowdown in rate hikes does not mean the increases will stop entirely.
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