Business & Finances

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Why expert says low gas prices could be sign of economy in trouble
Gas prices are down again this week in Massachusetts, and they've been steadily declining since late January. One expert said that while the lower prices are a good thing for drivers, it could be a bad sign for the economy in the bigger picture. Read More.
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Trump Taps Former Representative Billy Long as IRS Commissioner
President-elect Donald Trump said he is selecting former US Representative Billy Long to serve as the commissioner of the Internal Revenue Service, enlisting a Republican who served in Congress for an incoming administration aiming to renew and expand a broad package of tax cuts. Read More.
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Dow Jones Plunges More Than 1,000 Points Amid Global Market Selloff
The U.S. stock market is saw an ugly opening on Monday morning. Read More.
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IRS Warns Tax Deadline Is Approaching in 3 States
Taxpayers in Rhode Island, Alaska, and Maine face a mid-July deadline to file their taxes, while some taxpayers in Massachusetts have until July 31. Read More.
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US Household Debt Soars to $17.7 Trillion in 1st Quarter: New York Fed Data
Household debt is ballooning and consumers are having difficulty keeping up. Read More.
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TikTok Owner ByteDance Is Happily Helping American Kids Do Their Homework
A “sticky” homework helper app seems to be a predictable path for a company intent on growing its influence in the United States. Read More.
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Nissan EV Car App to Stop Working Owing to Phasing Out of 2G Network
Nissan Leaf owners won’t have access to such features as remote temperature control and the charge range status of their EV. Read More.
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Trump-Supporting Truckers Vow to Stop Delivering to New York City
Truckers could soon be refusing to take goods to New York to protest a recent court ruling against former president Donald Trump. Read More.
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Jeff Bezos Sells Nearly 12 Million Amazon Shares Worth at Least $2 Billion, With More to Come
SEATTLE—Jeff Bezos filed a statement with federal regulators indicating his sale of nearly 12 million shares of Amazon stock worth more than $2 billion. The Amazon executive chairman notified the U.S. Securities and Exchange Commission of the sale of 11,997,698 shares of common stock on Feb. 7 and Feb. 8. The collective value of the […] Read More.
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SEC Says Its X Account Was ‘Compromised’ After Hacker Posts False Approval of Bitcoin ETFs
US Securities and Exchange Commission spokesperson said an unknown party had taken control of the agency’s X account for a brief period. Read More.
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Oil Slides as Saudi Price Cuts Counter Middle East Worries
LONDON—Oil prices fell by more than 2 percent on Monday on sharp price cuts by top exporter Saudi Arabia and a rise in OPEC output, offsetting supply concerns generated by escalating geopolitical tension in the Middle East. Brent crude slid 2.2 percent, or $1.74, to $77.02 a barrel by 1024 GMT while U.S. West Texas […] Read More.
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Elon Musk’s SpaceX Launches 1st Ever ‘Direct to Cell’ Starlink Satellites With T-Mobile
Elon Musk’s SpaceX on Jan. 2 launched its first ever Starlink satellites capable of providing mobile phone service for customers of T-Mobile and a string of other carriers, even in remote locations. SpaceX said it launched a total of 21 satellites from its Falcon 9 rocket from Space Launch Complex 4 East at Vandenberg Space Force […] Read More.
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US Home Prices Rose Again As Tight Supply, Mortgage Rates Evaporate Affordability
Housing economists debate if affordability will improve in 2024. Read More.
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X Imposed $610,000 Penalty for Not Addressing Child Sexual Abuse Materials
Australian authorities has commenced civil penalty proceedings against X while the company is applying for a judicial review of the fine. Read More.
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FCC Commissioner Says Agency Engaging in ‘Regulatory Harassment’ of Elon Musk
The U.S. Federal Communications Commission (FCC) has joined a growing list of federal agencies engaging in the “regulatory harassment” of businessman Elon Musk, according to a senior Republican with the agency. FCC Commissioner Brendan Carr made the claim in a dissenting statement published on Dec. 12 after the FCC reaffirmed a previous decision not to […] Read More.
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