The IRS is bumping up a travel tax deduction available for taxpayers following an increase in vehicle expenses this year. If a vehicle is used for business, charity, or medical purposes, the costs are typically deducted on tax returns. The IRS periodically sets the amount that taxpayers can deduct per mile for such expenses, also […]

U.S. car sale numbers for 2024 are expected to break previous years’ figures, with better buying conditions contributing to higher year-end sales momentum, according to automotive services company Cox Automotive. U.S. new auto sales are expected to hit roughly 15.85 million units this year, up from 15.55 million in 2023, said a Dec. 17 statement […]

Two companies are withdrawing children’s speakers and decorative lighting controllers from the market, citing safety risks. In April, New York-based Yoto Inc. recalled its “Yoto Mini” branded speakers aimed at children between 3 and 12 years of age. On Thursday, the company reannounced the recall, warning that “the speaker’s lithium-ion battery can overheat and catch […]

Macy’s will close more stores than earlier expected during this fiscal year under the company’s revitalization program as the retail chain struggles with falling revenues. “We now expect to close about 65 locations this year, up from our prior expectation of 55 and 50 at the beginning of the year,” Adrian Mitchell, CFO at the […]

Industrialist Elon Musk has seen his wealth surge over the past few weeks in tandem with the rising share price of Tesla, placing him further above on the wealthiest list. As of Dec. 11, Musk’s net worth stood at $447 billion, according to data from the Bloomberg Billionaires Index. His wealth is more than 79 […]

Multiple products using imported cucumbers as well as two hush puppy items are being pulled out from stores in several states over bacterial contamination and milk allergen concerns. Cucumber products are being recalled following a multistate investigation into a salmonella outbreak by state and federal agencies. The investigation is linked to cucumbers imported from Mexico. […]

Salads, sushi, and other food products are being pulled out from Kroger and other retail outlets in several states, expanding a recent cucumber recall following concerns of bacterial contamination. Texas-based Supreme Produce is recalling food items containing cucumbers sourced from SunFed Produce, a Dec. 5 announcement published by the U.S. Food and Drug Administration (FDA) […]

Multiple intelligence agencies are recommending that telecommunication companies boost communications infrastructure security in the aftermath of a Chinese hacking campaign that targeted the sensitive sector. On Nov. 13, the FBI and the Cybersecurity and Infrastructure Security Agency (CISA) issued a joint statement revealing that hackers linked to China had compromised the networks of several U.S. […]

The Internal Revenue Service (IRS) issued a consumer alert on Tuesday, warning people to not get duped by “wildly inaccurate tax claims” spreading across social media. These claims take “many different forms and make outlandish promises to inflate refunds,” the IRS said in a Dec. 3 statement. “Some producers of misleading content on social media […]

A wide range of food products are being pulled from markets nationwide because of concerns about bacterial contamination. Arizona-based SunFed Produce, Baloian Farms of Arizona Co., and Minnesota-based Russ Davis Wholesale are voluntarily recalling fresh American/slicer cucumbers grown by Mexican company Agrotato, said a Dec. 2 update from the U.S. Food and Drug Administration (FDA). […]

President-elect Donald Trump said on Dec. 3 that he would prevent the acquisition of U.S. Steel Corp. by Japan’s Nippon Steel Corporation. “I am totally against the once great and powerful U.S. Steel being bought by a foreign company,” the president-elect said in a post on the social media platform Truth Social. “Through a series […]

Intel CEO Pat Gelsinger has retired after almost four years leading the tech corporation, with his exit coming amid a steady decline in the company’s revenues and share value. Gelsinger was appointed as Intel’s CEO and became a member of the company’s board of directors in February 2021. He stepped down from these posts effective […]

Americans are spending nearly double on eggs compared to a few weeks ago, as bird flu cases continue to affect supplies, and frozen egg storage volumes remain lower than last year. The price of a dozen eggs has risen from $2.11 in early October to $4.16 at present, an increase of more than 97 percent […]

President-elect Donald Trump nominated Chad Chronister, the sheriff of Hillsborough County, Florida, as administrator of the Drug Enforcement Administration (DEA). “As DEA administrator, Chad will work with our great attorney general, Pam Bondi, to secure the border, stop the flow of fentanyl, and other illegal drugs, across the southern border, and save lives,” Trump wrote […]

Thousands of flights have been disrupted across the United States on Thanksgiving week due to winter weather, with cold temperatures expected to persist throughout the week. Winter storm advisories and warnings were in effect in several parts of the country on Nov. 25. More than 4,200 flights in the United States were delayed on Monday, […]

Utah culled a large number of turkeys recently after confirming the presence of the highly pathogenic avian influenza (HPAI) and is taking action to prevent the infection from spreading, according to the state’s Department of Agriculture and Food. “Between November 10 to 19, 2024, three turkey farms in Piute County totaling 107,800 turkeys and one […]

Missouri-based Dorel Home Furnishings is pulling thousands of its wall beds from the market over safety concerns. “This recall involves Dorel full- and queen-sized wall beds sold online under the names Pinnacle, Paramount, Impressions, Holly Hills, and Her Majesty Wall Beds and as part of the brand names Signature Sleep or Novogratz,” said a Nov. […]

The vast majority of U.S. citizens are concerned about their future social security receipts, with such anxieties popping up amid the projected depletion of social security funds over the next decade. “More than half (53 percent) of Americans who haven’t retired yet say they expect to rely on Social Security benefits to pay their necessary […]

California-based IHA Beverage of Commerce is voluntarily withdrawing a cinnamon product from the market amid concerns the item could potentially be contaminated with excessive amounts of lead. “The recalled product is packaged in a 4oz plastic bag, and labeled as Super Dried Cinnamon Powder 4oz,” said the Nov. 18 recall announcement published by the U.S. […]

Miami, Florida-based CareMax health care network filed for bankruptcy on Sunday after reportedly being unable to pay back loans amid rising interest rates and other inflationary pressures. CareMax filed its Chapter 11 petition in the U.S. Bankruptcy Court for the Northern District of Texas. The company listed assets in a range of $100 million to […]