During a private meeting with senators, IRS Commissioner Danny Werfel was asked by the chairman of the Senate Finance Committee to provide his evaluation of a concerning report.

Jan 29, 2024 04:08 AM EST

Microsoft Gaming CEO Phil Spencer told employees Thursday that the gaming workforce would be reduced by 1,900, or approximately 8% of its gaming division.

Jan 26, 2024 05:13 PM EST

The US economy was predicted to have entered a recession by now due to a decline in borrowing and expenditure due to the highest interest rates in twenty years.

Jan 26, 2024 12:13 AM EST

Americans are beginning to feel more optimistic about the economy and inflation after a protracted period of pessimism; this development might support consumer spending, spur economic growth, and perhaps have an impact on President Joe Biden's electoral prospects.

Jan 25, 2024 09:45 AM EST

According to new data provided by the Education Department, over 3.7 million Americans have collectively received over $136 billion in student loan forgiveness-an unparalleled degree of relief.

Jan 24, 2024 08:52 PM EST

Legislators in Vermont are joining a growing national effort led by Democrats, who think the measures will gain support as states deal with post-pandemic budget squeezes, by presenting legislation this week that would levy extra taxes on the richest people of the state.

Jan 24, 2024 06:32 AM EST

Thousands of bankers, private equity investors, venture capitalists, and other wealthy people swarm Union Square in San Francisco each year to chase transactions.

Jan 24, 2024 12:24 AM EST

Here's a dirty little secret: Making money today is easier than it's ever been. You don't need a degree or a 9-5 job. You don't need a car. All you need is a laptop and you can change your life.

Jan 23, 2024 12:20 PM EST

20 top fund managers earned $67 billion in gains for investors in 2023, compared to $65 billion during the pandemic-era boom in 2021, according to research released on Monday by LCH Investments, a hedge fund.

Jan 23, 2024 06:02 PM EST

Democrats are proposing to increase taxes on businesses whose CEO salaries are at least 50 times higher than those of the average worker. They claim that this legislation is necessary to curb corporate greed.

Jan 23, 2024 01:31 AM EST

In order to restore sustainable growth and put inflation back to goal, the global economy does not require a "collapse," according to Steven Wieting, chief economist and investment strategist at Citi Global Wealth.

Jan 22, 2024 10:30 AM EST

Monday saw a further decline in oil prices as geopolitical worries in the Middle East and the attack on a Russian fuel export facility over the weekend were countered by economic headwinds that put pressure on the forecast for global oil consumption.

Jan 22, 2024 07:00 AM EST