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IRS rejects more than 20,000 refund claims for pandemic-related tax credit
IRS Commissioner Daniel Werfel speaks during an IRS event in McLean, Virginia, on Aug. 2, 2023.Alex Wong | Getty ImagesThe IRS is sending more than 20,000 rejection letters to taxpayers who wrongly claimed a pandemic-era tax break as the…
Dozens of flights diverted, delayed after FAA warned of SpaceX rocket debris
Orange balls of light fly across the sky as debris from a SpaceX rocket launched in Texas is spotted over Turks and Caicos Islands, January 16, 2025 in this screen grab obtained from social media video.Marcus Haworth@marcusahaworth |…
Biden touts minority small business wins as Latino approval sags
US President Joe Biden speaks about strengthening US ports and supply chains after the International Longshore and Warehouse Union and the Pacific Maritime Association finalized a new contract covering west coast ports, in the State…
Boeing delivered 30 airplanes in December, but gap with Airbus widened in 2024
Boeing 737 Max planes sit at the airport in Renton, Washington.Leslie Josephs | CNBCBoeing handed over 348 airplanes in 2024, about a third fewer than it did a year earlier as the aerospace giant struggled with a crisis after a midair…
IRS unveils ‘voluntary disclosure program’ for businesses duped by pandemic-era tax
IRS Commissioner Daniel Werfel testifies before the House Small Business Committee on July 17, 2013.James Lawler Duggan | ReutersThe IRS has unveiled a "voluntary disclosure program" for businesses that claimed a pandemic-era tax credit…
DOT sues Southwest, fines Frontier for ‘chronically delayed flights’
A Southwest Airlines Boeing 737 departs Los Angeles International Airport en route to Las Vegas on September 19, 2024 in Los Angeles, California. Kevin Carter | Getty ImagesThe Department of Transportation on Wednesday sued Southwest…
Main Street is more optimistic this year even as inflation persists, survey says
U.S. President Joe Biden speaks during a Rose Garden event at the White House to mark National Small Business Week on May 1, 2023 in Washington, DC.Alex Wong | Getty ImagesSmall business owners are more optimistic to start the year, even…
Travelers can soon fly from Singapore to the ‘gateway’ to Komodo National Park
Jetstar Asia will launch direct flights linking Singapore to Labuan Bajo, the Indonesian town considered the "gateway" to Komodo National Park, the company said.The park, a UNESCO Heritage Site inscribed in 1991, is home to several…
A majority of America’s small business owners support minimum wage increase, even as they
People hold signs as they attend a press conference at City Hall Park on April 10, 2023 in New York City.Michael M. Santiago | Getty ImagesAs we enter an election year, Americans’ perceptions of economic health matter more than ever.…
Southwest Airlines pauses corporate hiring, most summer internships to cut costs
A Southwest Airlines Boeing 737 passenger plane taxis along the tarmac at the Ronald Reagan Washington National Airport (DCA) in Arlington, Virginia on December 13, 2024.Daniel Slim | Afp | Getty ImagesSouthwest Airlines is pausing…