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Business News

Deal reached to avoid national rail strike

A pending railroad worker strike Friday, including those working for Amtrak, may create significant pains in an already strained economic environment. If no deal is reached, workers will go on strike as of 12:01 a.m. Friday. However, a tentative agreement was agreed to early Thursday morning, avoiding the strike. WASHINGTON (The Center Square) – The White House announced a tentative deal Thursday morning to avoid a national rail strike. The strike would have threatened to cripple the nation’s already stressed supply […]

todaySeptember 15, 2022 23

Dow Jones U.S. markets
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Business & Lifestyle

Dow stabilizes after worst sell-off since 2020

The Dow Jones Industrial Average closed up 30.12 Wednesday following the worst sell-off in two years. NEW YORK (UPI) -- U.S. stocks stabilized Wednesday right before the close in an up-and-down trading session following the biggest single-day sell-off in more than two years. After dropping more than 200 points during the final hour of trading, the Dow Jones Industrial Average finished the day up 30.12 to close at 31,135.09. The NASDAQ rose 0.7%, while the S&P 500 added 0.3%. Energy […]

todaySeptember 14, 2022 21

stocks business financial
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Business News

Stocks slide for third straight week

Traders work on the floor of the NYSE before the opening bell at the New York Stock Exchange on Wall Street in New York City on August 19. Stocks fell for a third straight week Friday. NEW YORK (UPI) -- U.S. markets posted their third straight weekly loss, falling Friday despite a solid August jobs report. The Dow Jones Industrial Average finished 337.98 points or 1.1% lower at 31,318.44. The S&P 500 also fell 1.1%, and the NASDAQ Composite declined […]

todaySeptember 2, 2022 15

Dow business financial
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Business & Lifestyle

Dow drops 154 points to notch three-day losing streak

Traders work on the floor of the NYSE before the opening bell at the New York Stock Exchange on Wall Street in New York City on Friday. The Dow Jones Industrial Average began the day down over 200 points. NEW YORK (UPI) -- U.S. markets fell on Tuesday as the Dow Jones Industrial Average and S&P 500 dropped for the third consecutive day. The blue-chip Dow fell 154.02 points, or 0.47%, while the broad S&P declined 0.22% and the NASDAQ […]

todayAugust 23, 2022 19

Julian Assange
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Judicial Watch

Plantiffs sue CIA over Assange meetings spying

NEW YORK -- A lawsuit was filed in the Southern District of New York this week by U.S. journalists and attorneys who visited a key figure in the journalistic community. The suit, filed Monday, alleges that the Central Intelligence Agency (CIA) and then-director Mike Pompeo violated their Constitutional rights in their meetings with WikiLeaks publisher Julian Assange. The suit also includes the Spanish security firm Undercover Global and former CEO David R. Morales Guillen. The suit further alleges that Pompeo […]

todayAugust 20, 2022 40

FCC
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National

FCC orders carriers to stop delivering auto warranty robocalls

WASHINGTON (UPI) -- The Federal Communications Commission (FCC) on Thursday announced it has told carriers to stop delivering auto warranty robocalls, citing it as a top complaint from consumers. The FCC said it has authorized all U.S.-based voice service providers to stop carrying traffic from Roy Cox Jr., Aaron Michael Jones, their Sumco Panama companies, and other international associates believed to be behind the more than 8 billion robocalls generated since 2018. "Billions of auto warranty robocalls from a single […]

todayJuly 8, 2022 30

Michael Avenatti
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National

Avenatti pleads guilty to California fraud charges

SANTA ANA, Calif. (UPI) -- California lawyer Michael Avenatti pleaded guilty Thursday to stealing millions of dollars from four clients, according to court records. Avenatti pleaded guilty to four counts of wire fraud as well as one count of tax fraud for attempting to obstruct the administration of the Internal Revenue Code. Avenatti embezzled money that should have been paid to clients, according to a statement by the U.S. Attorney's Office for the Central District of California. District Court Judge James […]

todayJune 16, 2022 13

CAT Caterpillar
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Business News

Caterpillar to relocate headquarters to Texas

DEERFIELD (The Center Square) – Caterpillar, one of Illinois' top employers, is moving its corporate headquarters from the Chicago suburbs to Irving, Texas, the company announced Tuesday. The industrial equipment maker is the second major employer to announce a move from Illinois after Boeing said last month it was relocating its headquarters from Chicago to Arlington, Va. "We believe it's in the best strategic interest of the company to make this move," Caterpillar CEO Jim Umpleby said in a statement. "It supports Caterpillar's strategy […]

todayJune 14, 2022 19

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Financial News

IRS to pay interest on delayed refunds

Interest to be accrued beginning July 1

WASHINGTON (UPI) -- The Internal Revenue Service (IRS) said Friday it will pay 5% interest to people with delayed tax returns starting in July. That's up a full percentage point from the last interest rate increase in April. In a Friday statement, the agency said the new rates on delayed refunds, considered overpayments by the IRS, will be 4% for corporations starting July 1. The interest will be 7% on large corporate underpayments exceeding $10,000, according to the agency. Explaining how […]

todayMay 21, 2022 30

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