The Trump administration plans to eliminate the IRS’ Direct File program, an electronic system for filing tax returns directly to the agency for free, according to two people familiar with the decision.
Category Archives: business
How Trump’s trade war could raise your car insurance bill
Car repairs and auto insurance prices are projected to rise in 2025 as Trump’s trade war reaches drivers.
OpenAI in talks to pay about $3 billion to acquire AI coding startup Windsurf
OpenAI is in talks to pay about $3 billion to acquire Windsurf, an artificial intelligence tool for coding help, CNBC has confirmed.
JPMorgan Chase sues more customers accused of stealing cash in ‘infinite money glitch’
JPMorgan Chase this week began suing more customers it has accused of stealing funds from the nation’s largest bank in last year’s so-called infinite money glitch.
Temu slashes U.S. ad spending, plummets in App Store rankings after Trump China tariffs
Chinese online retailer Temu, whose “Shop like a billionaire” marketing campaign made its way to last year’s Super Bowl, has dramatically slashed its online ad spending in the U.S. and seen its ranking in Apple’s App Store plunge following President Donald Trump’s sweeping tariffs on trade partners.
Fyre Festival 2’s fate up in the air after event says it won’t take place at Mexican resort
Organizers of a Fyre Festival sequel said Wednesday it will no longer take place in the Mexican resort town of Playa Del Carmen after its website momentarily announced the event had been postponed, sparking confusion among ticketholders.
California sues the Trump administration over the president’s sweeping tariffs
California Gov. Gavin Newsom and state Attorney General Rob Bonta sued the Trump administration in federal court Wednesday over President Donald Trump’s sweeping tariffs on U.S. trading partners, arguing that it was illegal for Trump to use certain emergency powers to impose them.
Stocks tumble anew as Nvidia, Powell raise alarms over trade policies
A series of fresh trade warnings barreled into Wall Street on Wednesday, pushing down the three major U.S. stock indexes in the latest sign of turbulence from White House policies.
S&P 500 falls marginally Tuesday as tariff volatility subsides
U.S. stocks posted modest losses on Tuesday, as investors analyzed the latest batch of first-quarter earnings reports and enjoyed a recent decline in market turmoil.
‘Enough is enough’: Wife of mistakenly deported Kilmar Garcia demands his return
Jennifer, the wife of Kilmar Abrego Garcia, a man mistakenly deported to El Salvador by the Trump administration, spoke out about Garcia’s departure. Speaking through tears, she accused the U.S. and Salvadoran governments of playing politics with his life. She said, “Enough is enough,” calling for his release and vowing not to stop fighting until he’s home.