Author: Press Room

The IRS has released its strategic operating plan for spending $80 billion in extra funding over the next decade. Here’s a look at what it does—and doesn’t—include. What’s Not Included When flipping through what the IRS calls an “ambitious effort to transform the tax agency and dramatically improve service to taxpayers and the nation during the next decade,” it might help to know what’s not in the plan. There is no 87,000 agents statistic-that-wasn’t. In fact, the report is surprisingly scant on numbers. That may well be purposeful—newly installed IRS Commissioner Danny Werfel has made clear that he intends to…

The pace of job cuts by U.S. employers accelerated in March, with the number of layoffs climbing 15% from just one month ago, according to a report published on Thursday by Challenger, Gray & Christmas.  Companies announced 89,703 job cuts in March, with technology companies leading the way, the analysis showed. That is 319% higher than the same time one year ago. So far this year, employers announced plans to cut more than 270,416 jobs, a 396% increase from the nearly 55,696 cuts announced in the equivalent time period last year. It is the highest quarterly total since the spring of…

Many Americans lack a basic understanding of how long they tend to live in retirement and may be at risk of outliving their savings, a recent survey said. Sixty-three percent of American adults are working with inaccurate longevity measures when they plan for retirement, according to the most recent TIAA Institute- Global Financial Literacy Excellence Center (GFLEC) Personal Finance Index survey. The survey asked respondents to gauge the life expectancy of a 60-year-old: 10% overestimated life expectancy, 28% said they didn’t know and 25% underestimated it. The low rate of longevity literacy may signal that Americans may not be saving enough for…

DoorDash and Chase, undeterred by the uncertain economy and growing concerns of a recession, have launched their first co-branded credit card.  It is called the DoorDash Rewards Mastercard. It is a no fee World Elite Mastercard that is aimed at driving traffic to local businesses both on and off the platform while rewarding cardholders on every purchase.Credit card users will not only get unlimited cash back for DoorDash and Caviar orders, but they will also get rewards for all other online and in-store purchases including at grocery stores, restaurants and other national and local retailers, the companies announced in a…

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. Personal loans can be great options for refinancing high-interest debt or covering unexpected expenses. But you might find yourself asking: How does a personal loan affect my credit score? A personal loan can impact your credit score in multiple ways, including when you apply, borrow and begin to repay the debt…

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. During the week of March 13, 2023, average private student loan rates fell for borrowers with credit scores of 720 or higher who used the Credible marketplace to take out 10-year variable-rate loans, but rose for 5-year variable-rate loans. 10-year fixed rate: 7.15%, down from 8.83% the week before, -1.685-year variable…

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments. Rotation into defensives Stick with Costco Constellation reports solid Q4 1. Rotation into defensives Stocks were mixed Thursday in late-morning trading after initial jobless claims for the week ended April 1 came in higher than expected, according to the U.S. Labor Department, in the latest sign that hiring is cooling. Wall Street will be closely watching the agency’s monthly jobs report for March on Friday for clearer signs on the state of the labor market.…

Sweetgreen said Thursday it has renamed its newest menu item as part of a tentative agreement with Chipotle Mexican Grill to resolve a lawsuit brought by the burrito chain.Chipotle filed the lawsuit, which claims that the salad chain’s “Chipotle Chicken Burrito Bowl” infringed on its trademark, in California federal court Tuesday, just days after the salad chain introduced the item.A Sweetgreen representative said in a statement to CNBC on Thursday that the company decided to rename the bowl as the “Chicken + Chipotle Pepper Bowl” to focus on its business and serve customers without distraction.”We are looking forward to putting…

Samsung Electronics said on Friday it would make a “meaningful” cut to chip production after flagging a worse-than-expected 96% plunge in quarterly operating profit, as a sharp downturn in the global semiconductor market worsens. Shares in the world’s largest memory chip and TV maker rose 3% in early trading, while rival SK Hynix shares surged 5% as investors welcomed plans to cut production to help preserve pricing power. Samsung (SSNLF) estimated its operating profit fell to 600 billion won ($455.5 million) in January-March, from 14.12 trillion won a year earlier, in a short preliminary earnings statement. It was the lowest…

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.Sunshine pool to provide fair opportunities for more participants to get allocationsVictoria, Seychelles 7 Apr 2023 – Bitget, the leading crypto derivatives exchange and copy trading platform, has announced a new round of launchpad listing featuring GoSleep (ZZZ), the leading Web3 sleep and healthy living reward app on Arbitrum. The launchpad tickets for ZZZ token will be allocated on Apr 17, with the deposit period starting on Apr 10. In this round of launchpad, Bitget has also introduced the sunshine pool, which is specially designed to provide…