The U.S. Department of the Treasury and the IRS have proudly announced a significant achievement in collecting over $1 billion in tax debt from high-income individuals in the past year. This accomplishment marks a major milestone for the IRS, showcasing its ability to target and recover debts from those who owe substantial amounts of taxes.
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In a recent announcement, Costco revealed that it will be increasing its membership fees in the U.S. and Canada as of September 1. This change will see annual memberships rise from $60 to $65, while the higher-tier “Executive Membership” will jump from $120 to $130 per year. This decision will affect approximately 52 million memberships,
NASA is currently navigating the complex situation of having astronauts docked at the International Space Station for an extended period due to unexpected circumstances. The agency‘s leadership is considering various alternatives to Boeing’s Starliner to safely return the crew to Earth. Boeing’s Starliner spacecraft, specifically the “Calypso” capsule, has been identified as the primary option
The Federal Trade Commission is reportedly gearing up to file lawsuits against three major U.S. health companies for their practices as intermediaries negotiating medication prices, particularly for insulin. These companies include UnitedHealth Group’s Optum Rx, CVS Health’s Caremark, and Cigna’s Express Scripts. The FTC argues that these practices lead to inflated costs for patients, impacting
As the presidential election between President Joe Biden and former President Donald Trump approaches, many investors are feeling anxious about the potential impact on their money. A survey conducted by investment company Betterment found that 57% of investors are nervous about the upcoming election, with 40% expecting to make changes to their investments based on
The financial challenges faced by Generation Z are becoming increasingly apparent in today’s society. According to a recent report from Bank of America, nearly half of Gen Zers between 18 and 27 are relying on financial assistance from their families. This reliance is driven by the high cost of living, with 52% of young adults
President Joe Biden is considering forgiving the debt of millions of federal student loan borrowers just weeks before the upcoming election. In the Biden Administration’s Spring 2024 Unified Agenda, the U.S. Department of Education revealed that it would be finalizing its rule on student loan relief in October. This rule aims to provide financial relief
Walmart recently announced its plans to open five automated distribution centers for fresh food across the country. These new facilities are aimed at enhancing efficiency within Walmart’s supply chain and catering to the growing demand for online grocery shopping. With an average size of 700,000 square feet, these centers will feature automation in the chilled
Renowned investor Bill Gross has expressed his concerns regarding the behavior of Tesla in the stock market. According to Gross, Tesla is exhibiting characteristics of a speculative play among retail investors, resembling what is commonly known as a meme stock. Tesla has seen a remarkable 10-day winning streak, with shares surging by 43.6% since June
The recent surge in home prices, with an astounding increase of more than 40% since before the pandemic, should be prompting current homeowners to consider refinancing. However, the reality is quite different. Most homeowners are finding that the costs associated with pulling out cash through refinancing are simply too high now. This is largely due