Economy

The U.S. Department of the Treasury and the IRS on Thursday announced what they called a “major milestone” of collecting more than $1 billion in tax debt from high-income individuals over the past year. With tens of billions in new fundingthe IRS announced plans in September to expand its scrutiny of those making above $1 […]

CFOTO | Nurphoto | Getty Images MicroStrategy the largest corporate holder of bitcoin announced a 10-for-1 stock split on Thursday. The company said the shares will be split into class A common stock and class B common stock “to make MicroStrategy’s stock more accessible to investors and employees.” The move comes amid a lull for […]

The monthly inflation rate dipped in June for the first time in more than four years, providing further cover for the Federal Reserve to start lowering interest rates later this year. The consumer price indexa broad measure of costs for goods and services across the U.S. economy, declined 0.1% from May, putting the 12-month rate […]

Engineers from a Thames Water leak hunting team unloads equipment from their van during a night shift in London, UK, on Wednesday, May 2, 2023. The chief executive of Britain’s biggest water supplier stepped down with immediate effect on Tuesday. Bloomberg | Bloomberg | Getty Images LONDON — British regulators on Thursday took the unprecedented […]