News
Trump’s 2017 tax cuts boosted investments, but fell short of paying for themselves
A new study found that the corporate tax cuts signed into law in 2017 by then-President Donald Trump have resulted...
There’s no pressure to cut interest rates, says Fed’s Bostic
Citing a “prospering” economy and job market, Atlanta Fed President Raphael Bostic said there’s no urgency for the Federal Reserve...
JetBlue calls off acquisition of Spirit Airlines
JetBlue Airways no longer plans to purchase low-cost, no-frills carrier Spirit Airlines, the company announced Monday, because of a federal...
Low-cost carriers Breeze, Avelo anticipate profitable year
CEOs of low-cost carriers Breeze and Avelo report that they both expect to turn an annual profit in 2024. The...
Investors boost Macy’s buyout bid to $6.6 billion
Investment firms Arkhouse Management and Brigade Capital Management have increased their all-cash proposal deal to acquire Macy's from $21 per...
Musk sues OpenAI, Altman for breach of contract
Elon Musk, co-founder of the A.I. Lab, among other ventures, has filed a lawsuit against OpenAI, the creator of ChatGPT,...
Inflation metric ticked higher in January, meeting expectations
A key metric used by the Federal Reserve to gauge inflation rose in January, but that didn't come as a...
Millennials poised to be ‘richest generation in history’
With the transfer of wealth that’s set to take place over the next ten years, millennials—that is, people born between...
IRS to go after high earners who haven’t filed taxes
The Internal Revenue Service has said it’s hired enough staff to attempt to collect on unfiled high-income tax returns and...
Macy’s to expand Bloomingdale’s while shuttering 150 Macy’s stores
In an effort to reshape its strategy and achieve "sustainable, profitable growth," Macy's announced Tuesday that it's closing 150 Macy's...
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