Earned Income Tax Credit would rise to $5,500 per child under new Democratic measure
The bill would also increase the maximum qualifying income to claim the EITC to nearly $100,000 annually.
Snapchat blames AI as it cuts 1,000 jobs
The Snapchat owner is laying off around 16% of staff and withdrawn hundreds of open job roles.
Bank of America tops estimates as CEO Brian Moynihan says consumer banking is 'healthy'
Bank of America, the second-largest U.S. bank by assets, has topped expectations for earnings per share for 23 consecutive quarters.
Trump threatens to fire Powell if the Fed chair doesn't leave office on his own
Though most Fed chairs in the past have left after being replaced, Powell has demurred on what he plans to do.
Struggling shoe retailer Allbirds makes bizarre pivot from shoes to AI, stock explodes more than 300%
Allbirds announced a deal with American Exchange Group to sell its intellectual property and other assets for $39 million in March.
Kalshi, Polymarket lobby as insider trading, betting eyed by Congress
Prediction markets have boomed, inviting increased scrutiny from regulators and Congress.
United CEO had been considering a merger last fall, months before bringing it up to the Trump administration
United Airlines CEO Scott Kirby has said the next phase for U.S. carriers is figuring out how to better compete on a global stage.
Allbirds announces stunning pivot from shoes to AI, stock explodes more than 300%
Allbirds announced a deal with American Exchange Group to sell its intellectual property and other assets for $39 million in March.
Allbirds announces stunning pivot from shoes to AI, stock explodes more than 200%
Allbirds announced a deal with American Exchange Group to sell its intellectual property and other assets for $39 million in March.
Allbirds announces stunning pivot from shoes to AI, stock explodes 175%
Allbirds announces stunning pivot from shoes to AI, stock explodes 175%
Eric Swalwell investigated for alleged rape of Lonna Drewes, LA County Sheriff's Dept. says
Eric Swalwell already faced a pending criminal investigation by the Manhattan DA's office over an allegation of sexual assault by another woman.
Thames Water 'sleepwalking' into bad deal for customers, investor says
The troubled utility firm should be put into administration says a frustrated rival bidder.
Morgan Stanley tops estimates as trading revenue exceeds expectations by nearly $1 billion
Morgan Stanley's results in the quarter were powered by the firm's fixed income and equities trading operations, which produced about $8.5 billion in ...
How many ships are crossing the Strait of Hormuz?
Since the start of the US blockade on Monday, 15 vessels have crossed the Strait of Hormuz, nine of which have links to Iran, BBC Verify analysis of s...
Trump accounts sign up 5 million kids, with 1.2 million eligible for $1,000 seed money, Bessent says
Trump accounts have signed up 5 million kids, according to Treasury Secretary Scott Bessent. Here's what families need to know.
We're taking some more big profits in a tech stock that just won't quit rallying
It's our second trim of this name this week. We right-sized the position Monday.
Chip giants AMD, Qualcomm and Arm back driverless car startup Wayve with fresh funds
Wayve now has major semiconductor names, including Nvidia, as shareholders as it looks to sell its technology to automakers who may be using different...
Is an IRS audit less likely amid agency cuts? Some issues are still 'low-hanging fruit,' expert says
There are still some red flags for an IRS audit despite budget and staffing cuts, experts say. Here's what filers need to know.
OpenAI pulls back from Stargate Norway data center deal as Microsoft takes over
The AI startup is now in discussions with Microsoft about renting compute capacity
Snap's stock jumps 9% on plans to axe 16% of its workforce citing AI efficiencies
Snap was up in premarket trading on Wednesday after announcing plans to lay off up to 16% of its global workforce citing AI-driven efficiencies