Economy
- by: Reuters
- Source:
The Epoch Times
- 07/17/2024
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 […]
- by: Jill McLaughlin
- Source:
The Epoch Times
- 07/12/2024
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.
- by: Stephen Katte
- Source:
The Epoch Times
- 07/11/2024
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.
- by: Aldgra Fredly
- Source:
The Epoch Times
- 07/09/2024
United Airlines Plane Loses Wheel During Takeoff in LA, Lands Safely in Denver
No injuries have been reported following the incident.
- by: Jack Phillips
- Source:
The Epoch Times
- 07/08/2024
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.
- by: Naveen Athrappully
- Source:
The Epoch Times
- 07/08/2024
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.
- by: Emel Akan
- Source:
The Epoch Times
- 07/02/2024
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.
- by: Evgenia Filimianova
- Source:
The Epoch Times
- 07/02/2024
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.
- by: Caden Pearson
- Source:
The Epoch Times
- 07/02/2024
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.
- by: Alexandra Roach
- Source:
The Epoch Times
- 06/26/2024
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.
- by: Matt McGregor
- Source:
The Epoch Times
- 06/26/2024
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 […]
- by: Caden Pearson
- Source:
The Epoch Times
- 06/25/2024
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.
- by: George Citroner
- Source:
The Epoch Times
- 06/20/2024
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.
- by: Caden Pearson
- Source:
The Epoch Times
- 06/12/2024
Johnson & Johnson to Pay $700 Million Settlement Over Talc Powder
The company will pay in four annual instalments beginning July 30.
- by: Celene Ignacio
- Source:
The Epoch Times
- 06/10/2024
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.
- by: Katabella Roberts
- Source:
The Epoch Times
- 06/05/2024
Toyota Recalls Over 100,000 Tundra, Lexus LX Vehicles Due to Possible Debris in Engine
The recall impacts 2022 and 2023 model year Toyota Tundra pickups and Lexus LX cars.