Your Custom Text Here
H&R Block marketed its tax-preparation products as free yet deleted the data of customers as way to pressure them into paying for pricier services, the Federal Trade Commission alleged on Friday.
The tax-preparation software giant's online tax-filing products lead users to costlier products made for more complicated tax filings, even if they don't need the additional forms and schedules offered, the FTC stated in an administrative complaint. READ MORE
The Securities and Exchange Commission is said to be scrapping plans to require that public companies disclose carbon emissions from their supply chains and end users as part of its long-awaited disclosure rules.
Why it matters: Scope 3 emissions, as they're called, are often the largest source of carbon emissions for companies, and especially in the fossil fuel industry. READ MORE
It's not been the greatest start to the year for Elon Musk.
The world's richest person has faced problems at Tesla, SpaceX and X, ranging from a tanking Tesla valuation to an X advertiser exodus.
Here's a look at some of the hot potatoes Musk's been dealing with. READ MORE
The topic of COVID-19 vaccine shedding has long been controversial, but now, some doctors say even the authorities know about it.
“Shedding is unfortunately real,” said Dr. Pierre Kory at the Front Line COVID-19 Critical Care Alliance (FLCCC) conference in Phoenix, Arizona, in early February. “The FDA (U.S. Food and Drug Administration) knows that.” READ MORE
White-collar workers are getting used to recognizing the signs that remote work is dying—and lately, it’s coming in the form of CEO memos demanding a return to the office.
Major businesses from beauty retailer L’Oreal to banks like Deutsche and Goldman Sachs are beginning to reign in years of pandemic-era workplace flexibility, and based on the rhetoric, they appear to mean business this time. READ MORE
A small business owner in Northern California says her pie shop is out thousands of dollars after Tesla unexpectedly canceled an order for thousands of mini pies.
Voahangy Rasetarinera owns Giving Pies in San Jose’s Willow Glen neighborhood. Each pie is carefully assembled by hand in small batches. Despite that, the bakery has managed to put together orders for large corporations, like Apple, Google and Intuit. READ MORE
Its two leaders, Vice Media and BuzzFeed , are in a frenetic retreat, surrendering much of their online empires as they try to protect what remains of their core assets. Having once threatened to upend the entire industry and usher in a new era of news distribution and monetization, the former digital media darlings are now merely attempting to survive in any form they can.
As they retreat, their large newsrooms once filled with rows of journalists are now shutting off the lights and closing their doors. BuzzFeed, already slimmed down after several waves of layoffs, announced this week that it will slash another 16% of its staff as it undergoes “planned strategic restructuring” to reduce costs. And Vice Media said Thursday that it will lay off hundreds of staffers as it ceases publishing on its own website and pivots into a business that resembles a studio. READ MORE
Berkshire Hathaway, the conglomerate run for decades by Warren E. Buffett, recorded its highest-ever annual profit last year. But its chief executive found reason to blame government regulation for hurting the results of some of its biggest businesses.
In his letter to investors that traditionally accompanies the annual report, Mr. Buffett also paid tribute to Charlie Munger, his longtime lieutenant and Berkshire’s vice chairman until his death in November at age 99. READ MORE
A generations-old hardware store in California has been forced to go above and beyond to protect its shoppers as the state's crime wave continues to rise.
Fredericksen Hardware & Paint, a long-standing shopfront in the Cow Hollow-Marina area of San Francisco, will now provide shoppers with a staff member to escort them through the shop. READ MORE
Those two lines are part of a viral post on LinkedIn penned by a Seattle-based software engineer who wrote about why he’s “proud of being a job hopper.”
“Moving from Amazon to Microsoft to Google, I jumped between three companies in three years and never looked back,” wrote Alex Nguyen.
In his post, Nguyen points to the lack of pensions, sign-on bonuses, and at-will employment as reasons for why employees can be drawn to jump ship to another company. READ MORE
President Joe Biden's Environmental Protection Agency (EPA) recently finalized an air quality rule that the manufacturing industry is warning could wipe out one million jobs and undermine efforts to build new manufacturing facilities in America.
Jay Timmons, president and CEO of the National Association of Manufacturers (NAM), is set to sound the alarm about the regulation in his annual state of manufacturing address on Thursday in Roseville, Michigan, according to an advance copy of his remarks provided to FOX Business. READ MORE
All the hype around generative artificial intelligence since the release of OpenAI's ChatGPT has companies scrambling to hire talent who knows how to implement and harness the rapidly developing technology.
Indeed's latest U.S. Jobs and Hiring Trends Report published in November found AI job postings surged 20-fold from the beginning of 2023 to the end of October. READ MORE
The Remington gun factory nestled in New York’s Mohawk Valley is ready to shutter its doors and move to Georgia after more than 200 years in the Empire State.
"Two hundred and eight years of history. Gone, gone," Ilion, New York, Mayor John P. Stephens told The New York Times. "Ilion is Remington. Remington is Ilion." READ MORE
The IRS on Wednesday announced that it is going to increase audits of corporate jets, part of its sweeping effort to crack down on wealthy Americans and big corporations that aren't paying what they owe.
Beginning in the spring, the IRS will conduct audits of three dozen to four dozen high-income individuals and companies that may be using private jets for personal reasons, but write them off on their taxes as a legitimate business expense in order to reduce their liability. READ MORE
A millennial who worked for a Michigan news station owned by Paramount Global said she was laid off three months after she moved to take the job.
On February 13, Gabrielle Dawson recorded the moment a general manager told her that layoffs were impacting her role. She posted her reaction to TikTok later that day. READ MORE
In December 2022, Taiwan Semiconductor Manufacturing Company, the key maker of the world’s most cutting-edge chips, said it planned to spend $40 billion in Arizona on its first major U.S. hub for semiconductor production.
The much ballyhooed project in Phoenix — with two new factories, including one with more advanced technology — became a symbol of President Biden’s quest to spur more domestic production of chips, the slices of silicon that help all manner of devices make calculations and store data. READ MORE
Rivian Automotive Inc. lost its claim to be Tesla Inc.’s most credible competitor long ago. Now, its ability to navigate an EV demand slowdown poses its biggest test. READ MORE
Artificial intelligence is becoming ubiquitous in the interviewing and hiring process. It carries out the initial screening of applicants to the final stage of decision making. Managers can now make better and more informed decisions about their staff and promotions.
In addition to being instrumental in a number of aspects within the hiring process, AI provides the tools to enable managers to make the tough decisions over the firing of workers. While many of the use cases are helpful and positive, there are concerns over biases, fairness and transparency. READ MORE
Capital One is acquiring Discover Financial Services for $35.3 billion in an all-stock deal, giving the bank a leg up in the competitive credit card market.
Under the terms of the deal announced late Monday, Discover (DFS) shareholders will receive a little over one share of Capital One (COF) for every Discover share they own. That represents an almost 27% premium from Discover’s closing share price of $110.49 on Friday. READ MORE
Remote workers are more likely to be laid off or miss out on promotion opportunities than their peers who work in the office or in hybrid environments, potentially exposing employers to costly discrimination lawsuits.
A January survey from Live Data Technologies Inc. found that in 2023 fully remote white-collar workers were 35% more likely to get laid off than colleagues who put in at least some time in the office. The software development firm, which tracks job trends, analyzed a sample of two million workers and also found that remote employees were 31% less likely to get promoted. READ MORE