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Business

News related to money, including business and finance.

IRS: Microsoft may owe nearly $30 billion in back taxes

IRS: Microsoft may owe nearly $30 billion in back taxes

The Internal Revenue Service says Microsoft owes the U.S. Treasury $28.9 billion in back taxes, plus penalties and interest.

October 12, 2023 3:14pm EDT
Delta posts $1.11B profit for 3rd quarter, sees strong holiday bookings

Delta posts $1.11B profit for 3rd quarter, sees strong holiday bookings

A busy summer boosted Delta Air Lines' profit up 59% from 2022, and the airline expects revenue to keep rising into the holiday season.

October 12, 2023 1:56pm EDT
Social Security recipients to receive 3.2% cost-of-living increase in 2024

Social Security recipients to receive 3.2% cost-of-living increase in 2024

The cost-of-living adjustment, or COLA, means the average recipient will receive more than $50 more every month beginning in January, the Social Security Administration said.

October 12, 2023 9:24am EDT
Home insurance prices increased nearly 25 percent: Policygenius

Home insurance prices increased nearly 25 percent: Policygenius

Home insurance costs have increased due to natural disasters and inflation pressures. But there are ways to save on homeowners insurance policies.

October 11, 2023 2:36pm EDT
Jobs offering student loan assistance more than double: study

Jobs offering student loan assistance more than double: study

With student loan debt growing to more than $1.7 trillion, employer student loan assistance programs for workers seem to be on the rise, according to Handshake.

October 11, 2023 2:17pm EDT
Costco allegedly shares private customer info with Meta: lawsuit

Costco allegedly shares private customer info with Meta: lawsuit

The sensitive information shared allegedly included computer IP addresses, patient status, prescription information and immunization information.

October 11, 2023 11:44am EDT
Walmart to close stores on Thanksgiving for fourth consecutive year

Walmart to close stores on Thanksgiving for fourth consecutive year

Walmart hinted in 2022 that closing on Thanksgiving would be the norm.

October 11, 2023 9:17am EDT
US automakers lay off hundreds more workers as UAW strike's ripple effects grow

US automakers lay off hundreds more workers as UAW strike's ripple effects grow

The United Auto Workers strike against Detroit's Big Three continues to hit production at the automakers, leading Ford, General Motors and Stellantis to each lay off more workers this week.

October 10, 2023 7:36pm EDT
Here's how borrowers who can't make student loan payments can avoid defaulting

Here's how borrowers who can't make student loan payments can avoid defaulting

The 12-month student loan on-ramp period will help struggling borrowers from suffering the worst consequences of missed, late, or partial payments, according to a recent Harvard University Employee Credit Union blog.

October 9, 2023 6:35pm EDT
Social Security COLA update is coming: What retirees need to know

Social Security COLA update is coming: What retirees need to know

Social Security recipients may get a smaller COLA increase in 2024.

October 9, 2023 4:21pm EDT
Social Security cuts: Retirees could face more than $17,000 in annual benefits losses

Social Security cuts: Retirees could face more than $17,000 in annual benefits losses

Social Security could run out of money to make full benefits payments in 2033, spurring as much as $23,000 in benefits cuts for retirees, a study found. Here’s what you need to know.

October 9, 2023 1:15pm EDT
Walgreens employees planning walkouts over pharmacy working conditions: source

Walgreens employees planning walkouts over pharmacy working conditions: source

Employees, including pharmacists and technicians, say their current workload that includes administering various vaccinations, could affect patient safety.

October 8, 2023 6:22pm EDT
MGM Resorts estimates $100M loss from cyberattack that led to data breach

MGM Resorts estimates $100M loss from cyberattack that led to data breach

MGM Resorts said no customer bank account numbers or payment card information was compromised in the incident, but hackers stole other personal information.

October 8, 2023 1:10pm EDT
Crocs releasing new classic cowboy boots to celebrate ‘Croctober’

Crocs releasing new classic cowboy boots to celebrate ‘Croctober’

The new boots hit store shelves for a limited time starting October 23.

October 6, 2023 10:33am EDT
Student loan repayment: Nearly half of Americans with college debt to cut essential spending

Student loan repayment: Nearly half of Americans with college debt to cut essential spending

With student loan payments underway after the federal pause ended, many Americans are cutting back on essentials to make ends meet, MassMutual found. But Biden’s student loan relief initiatives aim to help borrowers now.

October 5, 2023 5:41pm EDT
Biden administration gears up for second attempt to cancel federal student loans

Biden administration gears up for second attempt to cancel federal student loans

The Department of Education is planning to hold meetings in two weeks to discuss how to provide debt relief to federal student loan borrowers.

October 4, 2023 6:11pm EDT
Krispy Kreme mulling cash deal for Insomnia Cookies

Krispy Kreme mulling cash deal for Insomnia Cookies

Krispy Kreme acquired a majority stake in Insomnia in 2018.

October 4, 2023 11:26am EDT
Macy's to expand number of small-format, non-mall stores

Macy's to expand number of small-format, non-mall stores

The department store said Tuesday that it aims to add up to 30 new small-format locations through the fall of 2025, bringing the total number of such stores to roughly 42.

October 3, 2023 10:38pm EDT
Consumers grow unhappy with credit card perks as they spend at record levels: report

Consumers grow unhappy with credit card perks as they spend at record levels: report

Consumers are growing unhappy with credit card perks designed to build loyalty as debt soars to new highs, a recent J.D.Power report stated.

October 3, 2023 4:51pm EDT
Which fast food chains have the best drive-thrus? New study reveals surprising answers

Which fast food chains have the best drive-thrus? New study reveals surprising answers

The next time you're hungry and are on the go, you may want to choose wisely.

October 3, 2023 4:07pm EDT
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Girlfriend charged in DeKalb County jailbreak earlier this month

Girlfriend charged in DeKalb County jailbreak earlier this month

Walk for Peace reaches Decatur with Buddhist monks honored for message

Walk for Peace reaches Decatur with Buddhist monks honored for message

Judge denies bond for Bojangles manager in coworker’s father’s death

Judge denies bond for Bojangles manager in coworker’s father’s death

Argument at southeast Atlanta business ends in deadly gunfire

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