The auto workers’ strike against Detroit’s Big Three went into its fourth day with no signs of an early breakthrough and against the threat that the walkout could soon spread. A spokesman for General Motors said that representatives of the company and the United Auto Workers were continuing to negotiate on Monday. So far the … Read more
The IRS has unveiled plans to offer digital correspondence for the 2024 season and aims to offer “paperless processing” for tax returns in 2025. It’s expected the plan will eliminate up to 200 million pieces of paper every year, slash processing times by half and speed up refunds by several weeks. “This is truly a … Read more
Topline A recession is “not completely off the table” even as the U.S. economy remains strong, Treasury Secretary Janet Yellen said in an interview Sunday on CBS, after the June jobs report released earlier this week showed the U.S. economy adding fewer jobs than in previous months—a trend Yellen described as “normal” after years of … Read more
Stocks have given back some of their impressive first-half gains in recent days. The Labor Department’s June readout of nonfarm payrolls showed a job market that’s beginning to ease. Twitter accused Meta of stealing trade secrets in the development of its new Threads app. Traders on the floor of the NYSE, July 6, 2023. Source: … Read more