Republicans get their IRS cuts; Democrats say they expect little near-term impact
While Republicans seek to make good on campaign promises to cut IRS funding through the proposed debt ceiling and budget cuts package now moving through Congress, Democrats are offering assurances that the spending cuts will have little impact on the federal tax collector
2023-06-01 12:27
FTC hits Amazon with $25 million fine for violating child privacy with Alexa voice assistant
Amazon has agreed to pay a $25 million civil penalty to settle Federal Trade Commission allegations it violated a child privacy law and deceived parents by keeping for years kids’ voice and location data recorded by its Alexa voice assistant
2023-06-01 12:19
Debt ceiling deal advances pipeline and tweaks environmental rules. But more work remains.
Despite weeks of negotiations, the White House and House Republicans were unable to reach a comprehensive agreement to overhaul environmental regulations and streamline federal permitting as part of their budget deal
2023-06-01 12:16
Stock market today: Asian shares mostly rise after House approves debt ceiling deal
Asian benchmarks are trading mostly higher after the United States House approved a debt ceiling and budget cuts package, avoiding a default crisis
2023-06-01 11:47
California judge dismisses criminal charges against PG&E in 2020 fatal fire
A California judge has dismissed all charges against Pacific Gas & Electric for its role in a 2020 fatal wildfire that destroyed hundreds of homes and killed four people
2023-06-01 08:56
Betting interest expected to be down with NBA, NHL finals lacking marquee matchups
The NBA Finals could’ve featured glamour teams like the Boston Celtics and Los Angeles Lakers
2023-06-01 08:00
Federal Reserve likely to skip interest rate hike at next meeting in June, officials signal
Leading Federal Reserve officials are sending out stronger signals that they will forego an interest rate increase at the central bank’s next meeting in June
2023-06-01 07:56
JPMorgan CEO Jamie Dimon says he never heard of Jeffrey Epstein until after his 2019 arrest
JPMorgan CEO Jamie Dimon says he never heard about Jeffrey Epstein until he was arrested in 2019 and he was surprised by that
2023-06-01 06:57
FTC charges Amazon with privacy violations over Alexa and Ring cameras
Amazon will pay more than $30 million to settle alleged privacy violations involving its voice assistant Alexa and its doorbell camera Ring
2023-06-01 06:29
Hundreds of Amazon workers protest company's climate impact, return-to-office mandate
Hundreds of corporate Amazon workers upset about the company’s environmental impact, recent layoffs and a return-to-office mandate protested at its Seattle headquarters
2023-06-01 05:59
Sean "Diddy" Combs sues Diageo, saying it neglected his vodka and tequila brands
Rapper and entrepreneur Sean “Diddy” Combs is suing Diageo, saying the company didn’t make promised investments in his vodka and tequila brands and treated them as inferior “urban” products
2023-06-01 03:56
Jaguar recalls I-Pace electric vehicles due to fire risk in batteries, tells owners to park outside
Jaguar is recalling more than 6,000 I-Pace electric SUVs in the U.S. due to the risk of a battery fire, and it's telling owners to park them outdoors
2023-06-01 02:46