Economy

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A Quick, Easy, Legit Way to Cut Prescription Drug Costs

Signing up for help can give you a discount on over 10,000 prescription drugs.

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US Retail Sales Report Showcases Consumer, Economic Resilience

WASHINGTON—U.S. retail sales were unchanged in June as a drop in receipts at auto dealerships was offset by broad strength elsewhere, a display of consumer resilience that bolstered economic growth prospects for the second quarter. The better-than-expected report from the Commerce Department on Tuesday also showed sales in May were higher than initially estimated. It […]

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California Settles Lawsuit Against Oil Companies for $50 Million

Attorney General Bonta sued the three companies in 2020 alleging they manipulated the gasoline market to drive up prices after a refinery explosion.

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California Tech Giant Intuit to Lay Off 10 Percent of Workforce in Shift to AI

As part of its AI focused reorganization plan, financial company Intuit is firing 1,800 employees.

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United Airlines Plane Loses Wheel During Takeoff in LA, Lands Safely in Denver

No injuries have been reported following the incident.

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IRS Warns Tax Deadline Is Approaching in 3 States

Taxpayers in Rhode Island, Alaska, and Maine face a mid-July deadline to file their taxes, while some taxpayers in Massachusetts have until July 31.

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Ethereum Ecosystem Lost $400 Million From Hacking in First 6 Months of 2024: Report

Hacking losses across the entire blockchain ecosystem jumped 50 percent from last year.

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Biden Administration Invests $504 Million in 12 Tech Hubs Nationwide

The program is part of an effort to encourage the development of technology centers outside of Silicon Valley.

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Food Inflation Drops to Lowest Rate Since December 2021: BRC

June saw retailers heavily investing in their operations and supply chains and trying to drive sales by discounting.

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Americans Defrauded of Over $200 Million in Recurring Billing Scam, FTC Alleges

Consumers nationwide were unwittingly charged on an ongoing basis in a scheme allegedly run by groups in the U.K. and Florida.

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USDA Rules Leave US Organics Disadvantaged Against Imports, Alleges Watchdog

Foreign group certification of organic food continues to raise problems for U.S. farmers and consumers.

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IRS Apologizes to Hedge Fund Magnate Over Leaked Tax Returns

The Internal Revenue Service (IRS) has issued an apology as a part of a settlement agreement with hedge fund manager Kenneth Griffin, who had sued after a government contractor leaked his confidential tax information. The Citadel LLC owner filed the complaint against the IRS after a government contractor disclosed his confidential tax information to the […]

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Federal Judges Block Parts of Student Loan Repayment Plan

Courts in Missouri and Kansas dealt a blow to President Joe Biden’s Saving on a Valuable Education (SAVE) program.

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Cancer-Drug Costs Skyrocket, Leaving Even Insured Patients in Financial Ruin

As cancer rates rise for people under 50, the cost of life-saving treatment is rising far past their ability to pay.

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Johnson & Johnson to Pay $700 Million Settlement Over Talc Powder

The company will pay in four annual instalments beginning July 30.

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Rio Tinto to Invest $215 Million in Low-Carbon Steelmaking R&D Facility

The new facility in Western Australia is expected to use raw biomass and microwave energy to convert iron ore to metallic iron in the steelmaking process.