While maintaining interest rates at their highest point in over 20 years on Wednesday, the Federal Reserve made a suggestion that lower borrowing costs may soon be implemented by policymakers due to slight recent improvements in inflation.
Read More Federal Reserve Holds Interest Rates Steady For 2 Decades, Leaves Door Open For CutsTag: Investors
Unemployment Claims Increase To Highest Level Since September 2023
A new report has revealed that the number of jobless claims has reached the highest in 10 months.
Read More Unemployment Claims Increase To Highest Level Since September 2023Target To Stop Accepting Personal Checks As Form Of Payment Starting Mid July
Target will no longer accept checks as a form of payment beginning July 15th.
Read More Target To Stop Accepting Personal Checks As Form Of Payment Starting Mid JulyReport: U.S. Job Market Weakens In June
The economy grew via the addition of 206,000 jobs in June, but unemployment was still above 4% in the same month, according to the Labor Department on Friday.
Read More Report: U.S. Job Market Weakens In JuneNvidia short sellers make $5 billion from three-day selloff, data shows
Nvidia short sellers have raked in nearly $5 billion in paper profits from the AI chip designer’s sharp selloff over the past three sessions.
Read More Nvidia short sellers make $5 billion from three-day selloff, data showsAmericans Suffered $7B In Tax Penalties Last Year Following Biden Admin’s Additional Funding Of IRS, Thousands Of Added Positions
According to a report, the Internal Revenue Service (IRS) imposed $7 billion in extra tax penalties last year, about four times the $1.8 billion it assessed in 2022 following the Biden administration’s push for increased funding and enforcement of the agency.
Read More Americans Suffered $7B In Tax Penalties Last Year Following Biden Admin’s Additional Funding Of IRS, Thousands Of Added Positions