Economy

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IRS Plans Changes to Boost Retirement Savings With $1,000 Saver’s Match Program

The IRS is seeking public input on the plans for taxpayer-funded matching contributions of up to $1,000 per year, before the 2027 rollout.

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Climate Change Authority Calls for Campaign Against Misinformation, More Policy Interventions

The authority suggested the Capacity Investment Scheme could be legislated, administered by a standalone statutory agency and increased in size and pace.

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Federal Government Grants First LNG Export After Moratorium Overruled

A decision in January to pause approval of new licenses for exporting LNG to countries that are not U.S. trade partners was blocked by a federal court in July.

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Government Spending Keeping Economic Growth Alive: Treasurer

Experts have declared Australia is now in an ‘undeclared recession.’

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US Government Urges Supreme Court to Allow Utah Rail Line to Be Built

Challengers say a federal board’s environmental impact assessment for the rail project was poor quality and should be reviewed.

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Over 10,000 Hotel Workers on Strike for Labor Day Weekend

Hotels in eight cities are affected by the strike. Further strikes could begin ‘at any time’ in Baltimore, New Haven, Oakland, and Providence, the union said.

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Federal Agency Releases Plan to Open 31 Million Acres of Public Land to Solar Development

Under the plan, projects could be permitted across 11 states on certain types of federal lands less than 15 miles from transmission lines.

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Treasurer Open to Amending Green Manufacturing Bill Amid Inflation, Transparency Concerns

Regional MPs have also expressed scepticism on whether the Future Made in Australia Bill will help remote communities.

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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.