The IRS is sending more than 20,000 rejection letters to taxpayers who wrongly claimed the employee retention tax credit. Here’s what filers need to know.
Stocks making the biggest moves midday: Asana, Brown-Forman, Shake Shack, Shopify and more
These are the stocks posting the largest moves in midday trading.
Private payrolls increased by 103,000 in November, below expectations, ADP says
Private sector job creation slowed further in November and wages showed their smallest growth in more than two years, ADP reported.
Bank of England warns that higher rates ‘have yet to come through’ to an already weak economy
The Bank of England warned on Wednesday warned that although household finances are faring better than expected, higher borrowing costs have yet to feed through to the economy.
Stocks making the biggest moves premarket: Shopify, Toast, PayPal, Sphere Entertainment and more
These are the stocks posting the largest moves in premarket trading.
Consumers say this pitfall is ‘their biggest threat to building wealth’ — yet about half do it anyway
As consumers struggle with record-breaking credit card debt, 39% of adults say it is their biggest obstacle to building wealth, according to a new report.
Saudi Arabia offers 30-year tax relief plan to lure regional corporate HQs
The announcement is the latest move in Saudi Arabia’s aggressive campaign to attract international investment and headcount to the kingdom.
U.S. consumers will soon wake up to ‘out of control’ interest on their credit cards, economist says
Real incomes are not rising enough to cover the increase in debt burdens, according to Carl Weinberg.
‘You can’t just make your own rules’: Tesla faces Scandi revolt as Danes join Swedish strike
Tesla faces a growing revolt in Scandinavia after Danish dockworkers joined a sympathy strike with Swedish mechanics.
‘A very tricky conundrum’: Experts give their verdict on saving vs. investing as inflation falls
Experts weigh in on saving, investing and risk-taking as inflation falls and interest rates remain high.