Some clarity is emerging regarding statements from Biden administration officials that no one making less than $400,000 will see higher audit rates by the Internal Revenue Service, which is about to step up its scrutiny of wealthy taxpayers. The Inflation Reduction Act — the tax and climate package enacted last…
Google has halted construction of a proposed 80-acre megacomplex in San Jose, Calif., with no plans to revive the project anytime soon. The stalled project — which won approval nearly two years ago and would have had an estimated economic impact of $19 billion in the region — is the…
Actress and activist Alyssa Milano is making her thoughts known about paying $8 a month for Twitter’s blue-checkmark verification program. And let’s just say she’s not a fan of forking over the money. This week, Twitter ended its policy of giving users a free ride for such verification. The company…
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Lyft Inc. is laying off a significant part of its workforce, the ride-hailing company’s new chief executive told employees in a Friday email, as he tries to cut costs and keep up with a much bigger rival, Uber Technologies Inc. The Wall Street Journal first reported that the cuts will…
The numbers: Total bank lending rose to $12.09 trillion in the seven days ended April 12 from $12.08 trillion in the prior week, the Federal Reserve reported Friday. This is the second straight weekly increase. Deposits at banks fell to $17.18 trillion from $17.26 trillion in the prior week. They…
SVB Financial Group said in a filing late Friday that Chief Executive Greg Becker and Chief Financial Officer Daniel Beck have resigned this week, with Becker becoming a consultant to SVB at the request of the company. Becker’s consulting work will be on an “as needed basis at no cost…
The uncertainty around whether the U.S. will raise its debt ceiling before it is hit in coming months has started to rattle some financial markets as it did in 2011, but it might provide a bullish case for bitcoin, according to analysts at crypto investment company NYDIG. The deadline to…
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Don’t miss these top money and investing features: INVESTING NEWS & TRENDSWant to learn how to be good with money? The best teacher may surprise you. The average American is less financially literate about risk today than in 2017 — and Gen Z is the worst. Read Moreacc‘The inflation genie…