IRS Commissioner Danny Werfel testifies during the Senate Finance Committee hearing on the fiscal 2024 IRS budget and the IRS' 2023 filing season, in the Dirksen Building in Washington, D.C., on April 19, 2023.Tom Williams | CQ-Roll Call, Inc. | Getty ImagesAs the tax season kicks off, Congress is still...
Year: 2024
Starbucks earnings disappoint as U.S. boycott, ‘cautious’ China weaken sales
A Starbucks coffee cup sits on a table at one of the coffee chain's locations in Miami, Florida, on June 11, 2021.Joe Raedle | Getty Images News | Getty ImagesStarbucks on Tuesday reported quarterly earnings and revenue that missed Wall Street's expectations as both domestic and international sales fell short...
How ‘quiet luxury’ is subtly taking over investor portfolios
VIENNA, AUSTRIA - NOVEMBER 25, 2022: Karin Teigl is seen wearing Hermès yellow leather mini Kelly, Baum & Pferdgarten green leather jacket, Lumina beige cropped turtleneck sweater and vintage checked green yellow pants.Jeremy Moeller | Getty ImagesQuiet luxury was one of last year's biggest viral fashion trends on social media...
A change to this one clause could be the most important part of the Fed meeting
U.S. Federal Reserve Chair Jerome Powell attends a press conference in Washington, D.C., on Dec. 13, 2023.Liu Jie | Xinhua News Agency | Getty ImagesImmediately after the Federal Reserve wraps up its meeting this week, all eyes are likely to gravitate to one small piece of wording that could unlock...
IMF warns British government against more tax cuts
British Finance Minister Jeremy Hunt said earlier this month the U.K. would not enter a recession this year.Hannah Mckay | ReutersLONDON — The U.K. government should not introduce further tax cuts this year, the International Monetary Fund said Tuesday, as its chief economist argued the national budget needed the money...