Revenue from IRS audits plunged 35% in fiscal 2025 as the agency shed thousands of enforcement workers, according to a new report from the Treasury Inspector General for Tax Administration, an agency watchdog. The IRS collected a total of $6.5 billion from audits in fiscal 2025, which ended Sept. 30, down from $10 billion a year earlier,…
Thirty years after launching during the dot-com boom, MapQuest has a new roadmap to success. The digital mapping company is now the top free app in the Apple App Store after declining to rename Lake Ontario “Lake America,” despite President Trump signing an executive order last week to change its name. “The surge follows MapQuest’s…
President Trump on Friday said a U.S. deal with Venezuela to tap its oil reserves “will substantially lower Gas Prices for all Americans, long into the future.” With the average U.S. gas price still above $4 a gallon nationwide, American consumers may be wondering if help is on the way. Don’t hold your breath, energy…
Ernst & Young has seen the future, and it involves people doing what AI can’t. EY, one of the “Big Four” management consulting firms, said Monday it plans to award $100 million in bonuses to workers who demonstrate human skills, such as leadership, judgment, business acumen, collaboration and an ability to adapt. Although EY…
President Trump said Monday that his administration has signed agreements with nine additional pharmaceutical firms as part of an ongoing effort to lower consumer drug prices. “In total, these agreements are projected to save Americans more than $600 billion over a very short period of time,” Mr. Trump said during an announcement at the Oval…
The Federal Trade Commission and 22 states on Monday sued Amazon over allegations that the e-commerce giant secretly inflated prices in its online search advertising auctions, potentially costing customers tens of billions of dollars. The lawsuit alleges that the undisclosed surcharges were applied for seven years, increasing the prices that more than 1 million Amazon…
Kalshi has permanently banned George Santos from its prediction market platform after the former New York lawmaker failed to cooperate with the company’s investigation into allegedly unlawful trades he made related to his attendance at the 2026 State of the Union address. A Kalshi spokesperson said Santos is being banned due to “his lack of…
America’s aging population and the rising incidence of chronic health conditions such as heart disease, cancer and diabetes are projected to create millions of healthcare and social assistance jobs over the next decade, according to new government labor data. Employment in the sector is projected to grow 9.5%, adding 2.2 million jobs, from 2025 to…
A federal appeals court on Friday rejected Kalshi’s efforts to stop Nevada from regulating speculation on sporting events on its platform, handing states an important win in the battle over which level of government has authority to oversee the rapidly growing prediction-markets business. The 9th Circuit Court of Appeals said Kalshi failed to show that…
Cattle ranchers are speaking out against a Trump administration plan to temporarily waive higher tariffs on ground beef imports, arguing it will undercut their business and prevent them from rebuilding their dwindling cattle herds. President Trump announced on Truth Social last week that the U.S. will import 300,000 metric tons of ground beef — about…
