TaxWatch: IRS commissioner admits possible racial disparities in audits, vows changes
The head of the Internal Revenue Service acknowledged Monday that Black taxpayers appear to be audited at outsized rates, months after a study pointed at...
Dow Jones Newswires: China’s economic activity picks up in April, but misses expectations
Growth in China's consumption and industrial production accelerated in April, thanks to a low comparison base a year earlier when COVID-19 lockdowns dented economic activity,...
: Wells Fargo settles shareholder lawsuit for $1 billion: report
Wells Fargo & Co. has agreed to pay $1 billion to settle a shareholders lawsuit related to its 2016 fake-accounts scandal, according to the Wall...
Dow Jones Newswires: Australia’s central bank says it remains vigilant to resurgence in inflation
The Reserve Bank of Australia remains vigilant to the risk of a resurgence in inflation, warning in the minutes of its May 2 policy meeting...
: Horizon shares sink on report that FTC will sue to block takeover by Amgen
Shares of Horizon Therapeutics Inc. plunged 15% in extended trading Monday after Bloomberg News reported the FTC is expected to file a lawsuit to block...
Economic Report: 14 million mortgages were refinanced during ‘pandemic boom.’ That makes life very difficult for home buyers.
Low interest rates during the pandemic led to a refinance boom among homeowners, according to the Federal Reserve Bank of New York.
: Ex-CEO of Silicon Valley Bank says no bank could have survived a run ‘of that velocity and magnitude’
The former chief executive of Silicon Valley Bank plans to tell lawmakers Tuesday he did the best he could under the circumstances, and will apologize...
: Elon Musk subpoenaed in Jeffrey Epstein case in U.S. Virgin Islands: report
Officials in the U.S. Virgin Islands on Monday subpoenaed Tesla Inc. TSLA Chief Executive Elon Musk as part of their investigation into the role played...
: Voxx shares drop 20% following surprise loss
Voxx International Corp. VOXX shares dropped in the extended session Monday after the auto and consumer electronics supplier surprised with a deep loss for the...