Business

An audit has revealed that over 42,000 federal employees have repeatedly failed to file their taxes, owing $1.5 billion in unpaid taxes, with the IRS having little ability to punish them.

Visa, Mastercard, and Discover have delayed the implementation of a new merchant category code aimed at tracking firearm sales due to legislative proposals and criticism.

President Joe Biden will announce his budget Thursday that is expected to end subsidies for the oil and gas industries.

Taxes aimed at corporations could get passed on to consumers.

As of the week ending February 25, about 1.72 million people were receiving jobless aid, an increase of 69,000 from the previous week.

Amazon has announced it will be closing several grocery stores in high crime cities like NYC, Seattle and San Francisco, but claims the measure is related to “cost-cutting.”

The Department of Justice sued to block JetBlue’s proposed $3.8 billion acquisition of Spirit Airlines, a deal that the Biden administration says would mean “higher prices and fewer choices” for Americans who rely on low-cost air travel.

Ford does not “have any plans to deploy this [technology].”

Business owners and workers in a Democrat-run North Carolina tourist town said their downtown district is deteriorating amid rising crime, rampant homelessness and diminishing police.

Online retailer Amazon is pausing its construction of its second headquarters campus in Arlington, Virginia.