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Carl Icahn speaking at Delivering Alpha in New York on Sept. 13, 2016. David A. Grogan | CNBC Billionaire investor Carl Icahn has started a proxy fight with McDonald’s over the fast food giant’s treatment of pigs, pushing for two board seats at the global fast food giant. McDonald’s said Sunday in a release that…
In this article CSG.N-CH A Credit Suisse logo in the window of a Credit Suisse Group AG bank branch in Zurich, Switzerland, on Thursday, April 8, 2021. Stefan Wermuth | Bloomberg | Getty Images Credit Suisse was scrambling Sunday to contain the fallout from its latest scandal after several newspapers reported that more than 18,000…
PeopleImages | E+ | Getty Images The Social Security Administration recommends beneficiaries visit its website as the first stop for service as the agency works to reopen its field offices. But many people are reluctant to apply for benefits online. Only about half of retirees have used that method since 2013, according to the Center…
Condo bunco; life goes on; heavy metals; and other highlights of recent tax cases. Honolulu: Businessman Wagdy Guirguis and CPA Michael Higa have been convicted of conspiracy to defraud the U.S. government. Guirguis was also convicted of three counts of filing false corporate income tax returns, one count of failure to file a corporate income…
Russia’s possible conflict with Ukraine will increase supply pressure and energy prices.
In this article GM TSLA General Motors had to temporarily drop heated seats as an option on vehicles in response to the chip shortage. But the largest U.S. automaker is not alone. The move is another sign of how automakers are having to respond to a crisis that has been cratering dealer inventory, spiking prices…
In this article FSLY DASH The board game Monopoly by toymaker Hasbro at a toy store in New York City. Getty Images Check out the companies making headlines in midday trading Thursday. DoorDash — Shares of DoorDash jumped more than 11% after the food delivery company’s quarterly revenue turned out better than expected. DoorDash reported…
In this article NET EXPE COUR INTC SEDG Visitors browse at the display of Expedia during the International Tourism Trade Fair in Berlin. Fabrizio Bensch | Retuers Geopolitical tensions, the prospect of Federal Reserve rate hikes and inflation fears have roiled the stock market and left investors unsettled. The major indexes have just notched a…
U.S. speed skater Apolo Ohno competes in the 2010 Winter Olympics at Pacific Coliseum in Vancouver, Canada. Jamie Squire | Getty Images Sport | Getty Images When Olympic speed skater Apolo Ohno hung up his skates for good in 2010, finding a path forward wasn’t exactly easy for him. In fact, the eight-time medalist calls…
DENVER — The Denver Broncos are up for sale, and a group of crypto enthusiasts is aiming to raise more than $4 billion using a decentralized autonomous organization, or DAO, to make it their own. You can think of a DAO like a group of individuals acting in concert with no single leader. Unlike a…
James Bullard Olivia Michael | CNBC NEW YORK — St. Louis Federal Reserve President James Bullard cautioned Thursday that without central bank action on interest rates, inflation could become an even more serious problem. “We’re at more risk now than we’ve been in a generation that this could get out of control,” he said during…
damircudic | E+ | Getty Images As the IRS struggles with a backlog of millions of returns, the agency has temporarily stopped sending out more than a dozen types of automated notices, including some for unpaid taxes. However, a suspended notice doesn’t mean interest stops accruing on outstanding balances, said National Taxpayer Advocate Erin Collins…