The Internal Revenue Service (IRS) has launched a "voluntary disclosure program" for businesses that improperly claimed a pandemic-era tax credit and want to return the money.
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Joe Biden Celebrates 'Significant Milestone' in the Battle to Bring Down Inflation
The United States hits a "significant milestone" in the fight to bring down inflation, and President Joe Biden acknowledged this positive development in a statement.
Joe Biden Signs New Executive Order Targeting Financial Facilitators of Russia's Defense Industry
President Joe Biden has signed an executive order providing the US Treasury Department the authority to sanction financial institutions facilitating Russia's efforts to strengthen its military capabilities.
IMF Says Mexico Is Now the 12th Largest Economy in the World
Mexico has become the 12th largest economy in the world after it moved up two positions from last year, according to the GDP projections of the International Monetary Fund (IMF) for 2023.
China, Russia Boast Bilateral Trade at 'All-Time High' Despite Sanctions From the US and Its Allies
China and Russia have vowed ever closer economic ties despite disapproval from the West that promised to support Ukraine in its war with Russia.
Latest News
Sportswear giant Nike has unveiled plans to slash costs by approximately $2 billion over the next three years.
President Joe Biden has flaunted his investments in Black- and Latino-owned small businesses as new data reveals that he is losing the Latino vote ahead of the 2024 presidential election.
Russia's President Vladimir Putin has issued decrees granting the government to seize and forcibly sell multi-billion-dollar energy assets from European companies considered "unfriendly" to new state-approved owners.
The S&P 500 could sink 20% this spring and then surge to an all-time high by the end of 2024, according to an investment strategist.
Warner Bros. Discovery and Paramount Global are reportedly in early talks about a potential merger. Warner Bros. Discovery and Paramount Global are reportedly in early talks about a potential merger.
Citigroup Inc. is reportedly closing its global distressed-debt group as it undergoes further restructuring under CEO Jane Fraser's leadership.
A newly declassified US intelligence report revealed that China escalated its interference efforts in the 2022 US midterm elections because Beijing believed that President Joe Biden's administration would not retaliate.
The central bank of Hungary is expected to press ahead with monetary easing in 2024 due to the sharp drop in inflation last month.
Following a series of attacks on ships in the Red Sea by Iranian-backed Houthi militants, shipping giants Maersk and Hapag-Lloyd have rerouted their vessels, opting for the longer Cape of Good Hope route in South Africa.
