One of the most gut-tightening phrases for taxpayers is “IRS audit,” but years of underfunding and a decline in staffing at the tax agency have pushed the audit rate to a decade-long low .That could soon change under the Inflation Reduction Act , the bill that proposes to give $80 billion to the IRS to…

A suspect was killed Thursday afternoon in a gunfire exchange with officers following an hours-long standoff in Cincinnati, Ohio, authorities said.Details on the situation were still emerging, but officials said the standoff was in response to the suspect’s attempt to breach the Cincinnati FBI field office building at around 9 a.m. The suspect ended the…

SINGAPORE: Grab has launched its GrabScholar programme to provide US$1 million worth of scholarships and bursaries annually, the tech giant announced on Thursday (Aug 11) at the official opening of its headquarters in Singapore. The GrabScholar programme comes under the GrabForGood Fund, which supports initiatives aimed at improving the lives of its drivers, delivery riders…

We are grateful that Euromonitor’s assessment of etaily’s role in this e-commerce juncture aligns with our vision, objectives and initiatives that will sharpen the edge of local businesses in the digital space.As stated in the Euromonitor 2021 Megatrends Report: “etaily’s expansion is expected to drive the growth and development of e-commerce among local businesses, giving…

An employee introduces 5G-enabled artificial intelligence at the Guizhou Big Data Exhibition Center in Guiyang, Guizhou province, May 26, 2022.[Photo/Xinhua] As 5G becomes an important force in reshaping the media, the sector should make greater efforts to leverage digital technologies to create content that is more interactive, mobile and visual in terms of its international…

Ford Motor has increased the price of its electric pickup truck by thousands of dollars “due to significant material cost increases and other factors,” the Michigan automaker said Tuesday. The basic model for the F-150 Lightning, called the Lightning Pro, will now start at $46,974, up nearly $7,000 from its $39,974 price tag earlier this…

Stocks closed at three-month highs on Wall Street Wednesday as investors cheered a report showing inflation cooled more than expected in July. The S&P 500 jumped more than 2% Wednesday on expectations that slower inflation will mean the Federal Reserve won’t hike interest rates as much as feared. Technology stocks, cryptocurrencies and other investments among…

On the day that Congress finally passed a long-awaited funding package for domestic U.S.chip production, Intel Corp.slashed $4 billion from its spending plans while detailing disappointing earnings that one analyst called “the worst we have seen in our career.” On Tuesday, when President Biden signed that bill into law with Micron Technology MU, +3.80% Chief…

Inflation eased slightly last month but held near its highest level in four decades even as gas prices fell and supply chains improved. The Bureau of Labor Statistics’ latest Consumer Price Index (CPI) reflected a year-over-year increase of 8.5% in July, down from the prior month’s 40-year high of 9.1%.Consensus economists were expecting last month’s…