Tag Archives: MoneyWatch

Millions of U.S. taxpayers are still waiting for their returns to be processed, with an already massive backlog at the IRS growing even larger in the past year, according to a new report from a government watchdog agency.  The backlog of returns has swelled to 12.4 million returns still being …

After more than half a century, the last Boeing 747 rolled out of a Washington state factory on Tuesday. The 747 jumbo jet has taken on numerous roles — a cargo plane, a commercial aircraft capable of carrying nearly 500 passengers, and the Air Force One presidential aircraft — since …

Home sellers should brace themselves for a tough year ahead, with one real estate group forecasting that property sales could tumble in 2023 as more buyers are sidelined by rising mortgage rates and out-of-reach home prices.  The number of homes sold will likely plunge 14.1% to 4.53 million homes, representing …

New Twitter owner Elon Musk said Thursday that he is granting “amnesty” for suspended accounts, which online safety experts predict will spur a rise in harassment, hate speech and misinformation. The billionaire’s announcement came after he asked in a poll posted to his timeline to vote on reinstatements for accounts …

One of the nation’s largest labor groups is accusing Wells Fargo of trying to deter employees at the financial giant from forming a union. The Communications Workers of America filed two charges against Wells Fargo this week, alleging that managers threatened and disciplined workers for supporting the organizing effort, which …

America’s renters have been particularly battered by inflation, with one economist describing September’s jump in rent costs as “alarming.” But some good news may be on the horizon, with Realtor.com finding that rents in some large cities are starting to ease. Inflation has remained stubbornly high this year, with government …

Good news on the economy means bad news for Wall Street, with stocks tumbling Friday on worries a still-strong U.S jobs market may actually make a recession more likely. The S&P 500 sank 2.8% after the government said employers hired more workers last month than economists expected.  Even though job …

The National Rifle Association is slamming the credit card industry’s new effort to track gun purchases, describing the plan as “creating a national registry of gun owners.” The NRA is pushing back against decision on Friday from the International Standards Organization (ISO), which sets rules across the financial services industry, …

Amazon’s efforts to undo the results of a historic union win at a Staten Island warehouse have fallen short, as a hearing officer for a federal labor board on Thursday rebuffed Amazon’s objections to the election. The decision is a victory for organizers in what could be a very long …

The last bits of ash and greenhouse gases from Hawaii’s only remaining coal-fired power plant slipped into the environment this week when the state’s dirtiest source of electricity burned its final pieces of fuel. The last coal shipment arrived in the islands at the end of July, and the AES …