The IRS is warning businesses about a sharp increase in email phishing scams involving employees’ W-2 forms — scams that can put staffers’ Social Security numbers and other critical information in the hands of thieves. The government said 200 businesses, ...
Read More »Economists see only slight impact from Fed bond trimming
The nation’s business economists believe that the Federal Reserve’s long-awaited move to start reducing its massive bond holdings will push long-term bond rates higher but most think the impact will be fairly modest. The latest survey, out Monday, of the ...
Read More »Past health chiefs: insurance market stability is the goal
Don’t make things worse. That’s the advice of former U.S. health secretaries of both parties to President Donald Trump and the GOP-led Congress, now that “Obamacare” seems here for the foreseeable future. The 2018 sign-up season for subsidized private health ...
Read More »Former Uber CEO lashes out at VC firm suing company
Former Uber CEO Travis Kalanick is skewering a lawsuit filed by a former ally, describing it as a malicious attempt to sever his remaining ties to the widely used ride-hailing service that he co-founded. Kalanick lashed out in legal documents ...
Read More »US new home sales rise despite higher mortgage rates
Americans responded to higher mortgage rates by snapping up new homes in February at the fastest pace since July. New-home sales rose 6.1 percent month-over-month to a seasonally adjusted annual rate of 592,000, the Commerce Department said Thursday. That sales ...
Read More »Abandoned homes in Kansas City to go on sale for $999
A program in Kansas City that sold off dozens of eyesore houses for just a dollar last year hopes buyers are willing to pay a bit more for another batch of fixer-uppers. The Land Bank of Kansas City’s latest promotion, ...
Read More »Appeals court affirms conviction of coal CEO in deadly blast
A federal appeals court affirmed the criminal conviction of former Massey Energy CEO Don Blankenship on Thursday in connection with the deadliest U.S. mine disaster in four decades. The 4th U.S. Circuit Court of Appeals said the evidence shows Massey ...
Read More »Trump’s Treasury pick defends his foreclosure actions
Steven Mnuchin, Donald Trump’s pick to lead the Treasury Department, on Thursday defended his handling of thousands of foreclosures during the height of the financial crisis, saying he had worked hard to assist homeowners to refinance so they could keep ...
Read More »USDA: Egg group inappropriately targeted vegan spread
An egg industry group’s discussions about thwarting the sale of an eggless vegan spread were inappropriate, a year-long investigation by the U.S. Department of Agriculture has found. The investigation also determined that the American Egg Board, which is responsible for ...
Read More »As US adds 156K jobs, more seek work and lift unemployment
U.S. employers added a decent 156,000 jobs in September, even while an influx of job seekers lifted the unemployment rate slightly to 5 percent. The rise in people seeking work is an encouraging sign that Americans are more optimistic about ...
Read More »Yellen pledges to improve Fed’s workplace diversity
Chair Janet Yellen said Thursday she is committed to increasing diversity throughout the Federal Reserve system, including the ranks of senior leadership. Yellen said that the Fed will benefit from greater diversity, and commercial banks will be better off with ...
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