IRS Direct File, the electronic system for filing tax returns for free, will not be offered next year, the Trump administration has confirmed. An email sent Monday from IRS official Cynthia Noe to state comptrollers that participate in the Direct File program said that “IRS Direct File will not be… Read More
Starbucks’ workers plan massive work strike next week unless…
Starbucks’ union members have voted to strike at the company’s U.S. stores next week unless it finalizes a contract agreement, the union said Wednesday. The strike would begin on Nov. 13, which is the day Starbucks plans to distribute free, reusable red cups. Red Cup Day, a Starbucks tradition since… Read More
Sick! Fashion giant Shein under fire for sales of childlike sex dolls
Fast-fashion giant Shein faced a fresh wave of controversy as it opened its first permanent store in Paris on Wednesday inside one of the city’s most iconic department stores. The launch of Shein, which has long drawn criticism over its poor green credentials and labor practices, in the heart of… Read More
End of an era? Pizza Hut says it’s considering selling the chain
Pizza Hut could soon be up for sale. Yum Brands, Pizza Hut’s parent company, said Tuesday it’s conducting a formal review of options for the brand, which has struggled to compete in a crowded pizza market. Yum CEO Chris Turner said Pizza Hut has many strengths, including a global footprint… Read More
Drill, baby, drill! Oil production reaches all-time high
Drill, baby, drill! American oil production has shattered records, cementing the United States as the world’s energy superpower for the seventh straight year. U.S. crude oil production hit 13.4 million barrels per day in August 2024, according to data from the U.S. Energy Information Administration. The figure is a new… Read More
American classic diner chain Denny’s sold in massive $620 million deal
Denny’s said Monday that it’s being acquired by a group on investors in a deal that will take the breakfast chain private. Denny’s board unanimously approved the deal, which values Denny’s at $620 million including debt. Denny’s will be purchased by private equity investment company TriArtisan Capital Advisors, investment firm… Read More
Tylenol, Kleenex, Band-Aid join forces in $48.7 billion corporate takeover
Kimberly-Clark is buying Tylenol maker Kenvue in a cash and stock deal worth about $48.7 billion, creating a massive consumer health goods company. Shareholders of Kimberly-Clark will own about 54% of the combined company. Kenvue shareholders will own about 46%. The combined company will have a large stable of household… Read More
Massive Food Stamp fraud uncovered by USDA
U.S. Agriculture Secretary Brooke Rollins said they have uncovered widespread fraud in the nation’s food stamp program after 29 states shared beneficiary data with federal investigators. The findings expose thousands of illegal benefit uses, individuals collecting benefits in multiple states, and dead people still receiving payments. Rollins requested SNAP data… Read More
Black Lives Matter $90 million fraud scheme unravels
Senior leaders of Black Lives Matter are under investigation for allegedly misusing up to $90 million in donations, according to a bombshell new report first reported by the Associated Press (AP). Federal prosecutors are investigating whether senior leaders of the Black Lives Matter organization defrauded donors who contributed tens of… Read More
Fed cuts interest rates again; here’s what it means for your wallet
The Federal Reserve cut its benchmark interest rate by a quarter point Wednesday for the second time since September. Before that, it had gone nine months without a cut. The federal funds rate is the rate at which banks borrow and lend to one another. While the rates consumers pay… Read More
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