Economy

The IRS is cracking down on business owners who use apps like Venmo, Zelle and PayPal to conduct transactions, but do not pay taxes on the income. A new rule will allow the federal government to take a closer look at business transactions on these apps when they are more than $600.

More than 10,000 Deere employees went on strike last week at 14 Deere factories in Illinois, Iowa, Kansas, Colorado and Georgia after the United Auto Workers union rejected a contract offer.

Payments must resume and interest rates will be reinstalled on student loans on January 31, 2022, despite many borrowers still being in tight financial situations.

U.S. unemployment claims dropped 36,000 to 293,000 last week, the lowest level since the start of the pandemic, the Labor Department said.

The Port of Los Angeles will become a 24-hour, seven-days-a-week operation to help relieve supply chain bottlenecks and move stranded container ships.

The Social Security COLA amounts to $92 a month for the average retired worker, according to estimates released by the Social Security Administration.

The cryptocurrency exchange says it will 'make minting, purchasing, showcasing and discovering NFTs easier than ever'

Rising inflation is expected to lead to a sizeable increase in Social Security’s annual cost-of-living adjustment, or COLA, for the year 2022.

The House approved a short-term debt ceiling increase so President Joe Biden can sign it into law this week.

Companies that typically hire thousands of seasonal workers are heading into the holidays during one of the tightest job markets in decades, making it unlikely they’ll find all the workers they need.

U.S. gas prices across the nation stand at about $3.25 per gallon.

One reason America’s employers are having trouble filling jobs was starkly illustrated in a report Tuesday: Americans are quitting in droves.

The 2021 Nobel prize for economics on Monday was awarded to three U.S-based economists for work on so-called “natural experiments.”

U.S. employers added just 194,000 jobs in September, a second straight tepid gain and evidence that the pandemic still has a grip on the economy.

A debt ceiling deal that would temporarily raise the limit through December has been reached with Republicans, Senate Majority Leader Chuck Schumer said.

U.S. unemployment claims were down by 38,000 to 326,000 last week, the first drop in four weeks.

Target said on Tuesday employees who pick up shifts during peak holiday hours will be eligible to make an extra $2 per hour.

US gas prices surged to $3.21 per gallon this week, marking the highest cost in seven years.