IRS throws a chill into collectives paying college athletes while claiming nonprofit status
The rapidly expanding landscape of nonprofit collectives paying college athletes to promote charities has been hit with a potentially seismic disruption
2023-06-30 21:19
Canada's economy unchanged in April, but likely surged 0.4% in May
OTTAWA (Reuters) -The Canadian economy was unchanged in April from March, missing forecasts, before likely rebounding with a 0.4% jump
2023-06-30 21:16
An inflation gauge tracked by the Federal Reserve falls to its lowest point in 2 years
An inflation index that is closely monitored by the Federal Reserve tumbled last month to its lowest level since April 2021, pulled down by lower gas prices and slower-rising food costs
2023-06-30 20:57
IMF and Pakistan reach $3 billion deal
Pakistan could get temporary relief for its ballooning foreign debt with a new deal worth $3 billion, the IMF has...
2023-06-30 20:55
US consumer spending edges up in May; inflation still high
WASHINGTON U.S. consumer spending slowed sharply in May, but persistently strong underlying inflation pressures could compel the Federal
2023-06-30 20:51
Futures extend gains after May inflation data
U.S. stock index futures extended gains on Friday after data showed a closely watched measure of inflation cooled
2023-06-30 20:47
Executives urge Europe to rethink its world-leading AI rules
More than 150 executives are urging the European Union to rethink the world’s most comprehensive rules for artificial intelligence
2023-06-30 20:22
Car Prices Are Starting to Ease as Pandemic Supply-Chain Issues Fade
The US new-car market is returning to pre-pandemic norms as supply-chain issues resolve, forcing carmakers to ramp up
2023-06-30 20:17
California is about to give Hollywood studios a lucrative tax deal during the writers' strike
A bill at Gov. Gavin Newsom's desk makes California's film and TV tax credit refundable for cash. It also mandates productions to comply with new firearm safety protocols inspired by the 2021 "Rust" shooting and implements requirements for meeting diversity targets.
2023-06-30 20:16
Why Wall Street is bullish on beaten-down energy stocks
Some investors are turning bullish on energy stocks, despite their disappointing performance this year and some major challenges facing Big Oil.
2023-06-30 19:48
China raises relending, rediscounting quotas for farm sector, small firms by $27.5 billion
BEIJING China's central bank said on Friday it will increase its relending and rediscount quotas by 200 billion
2023-06-30 19:21
This Chinese company will pay its workers $140 million to have kids
China's Trip.com, one of the world's largest online travel agencies, is introducing new childcare subsidies worth 1 billion yuan ($138 million) to encourage its 32,000 employees to have kids.
2023-06-30 19:15