How are tax returns shaping up in the 2025 filing season?
New data from the Internal Revenue Service (IRS) indicates that the average tax refund has grown over the past year. For the 2024 tax season, which wrapped up on April 25, the average refund rose by 3.3%, increasing from $2,852 to $2,945. In contrast, the total amount of refunds climbed more modestly, up 2% from […]
DoorDash to buy UK competitor Deliveroo for $3.9 billion
Doordash has announced plans to acquire its UK competitor Deliveroo for $3.855 billion, following a resurgence in negotiations last month. The proposal stands at 180p per share, which has raised Deliveroo’s stock from about 2% to 175.6p per share. There had been a standstill in discussions previously, mainly due to disagreements regarding Deliveroo’s valuation. Doordash […]
Alcatraz is reopening: What is the tourism income generated by the historic prison?
Fox Business has reported on plans regarding a prison in San Francisco. Recently, former President Donald Trump announced that he is instructing federal agencies to consider reopening the infamous Alcatraz prison. This facility, which closed over 60 years ago, is now a museum and a popular tourist spot in the San Francisco Bay Area. Alcatraz, […]
Borrowers with defaulted student loans are now dealing with debt collections.
Starting Monday, millions of borrowers who have defaulted on their student loans will get notifications about their accounts being sent to collections. This decision follows the Department of Education’s announcement last month aimed at shielding U.S. taxpayers from bearing costs linked to federal student loans. The department emphasized that borrowers willingly took on these loans […]
Bertucci’s restaurant chain now has 15 locations following its recent bankruptcy.
The Italian restaurant chain Bertucci has filed for Chapter 11 bankruptcy for the third time since 2018. Based in Massachusetts and recognized for its brick oven pizza and pasta, the chain has shut down five locations in Massachusetts, along with one each in Rhode Island and Maryland, due to underperformance. Bertucci’s was established in 1981 […]
Warren Buffett will resign as CEO of Berkshire Hathaway.
Warren Buffett Plans to Step Down as CEO of Berkshire Hathaway Warren Buffett, the 94-year-old billionaire, announced on Saturday his intention to resign as CEO of Berkshire Hathaway by the end of this year. He has been at the helm of the company for 60 years. Buffett identified Vice-Chair Greg Abel as his successor. He […]
Buffett disapproves of Trump’s tariffs, stating that the US should not use trade as a weapon.
Warren Buffett, the prominent investor and CEO of Berkshire Hathaway, voiced his disapproval of President Donald Trump’s approach to tariffs during a recent discussion. At the annual meeting in Omaha, Nebraska, the 94-year-old Buffett highlighted the adverse effects of tariffs on international relations, comparing their use in trade to “acts of war.” He remarked that […]
April jobs report: US employment growth eased during economic uncertainty
In April, the U.S. economy saw job growth, albeit at a slower rate than the previous month, amid some economic uncertainties regarding tax and trade policies. The Labor Bureau released figures indicating that employers added 177,000 jobs in April. While this number surpassed economists’ expectations from LSEG, it was a decline from the 228,000 jobs […]
Six Flags America in Maryland is shutting down — here’s the last day for rides.
Six Flags America, home to the oldest roller coaster in the Six Flags portfolio, is set to close later this year. The company, Six Flags Entertainment Corporation, has decided that it doesn’t align with its long-term growth objectives anymore. The park and its water park counterpart, Hurricane Harbor, located in Bowie, Maryland, will officially close […]
UPS to move forward with large-scale layoffs amid lower Amazon shipments
Forbes Medic Steve Forbes will be taking part in the Big Money Show panel to talk about the international significance of rising trade tensions between the US and China. United Parcel Service (UPS) said Tuesday it will cut around 20,000 jobs and shutter 73 at its facility as it cuts its largest customer, Amazon, and […]