Number of new American business applications hits an all-time high

Number of new American business applications hits an all-time high

According to data from the U.S. Census Bureau, 5.4 million new business applications were filed in 2021, the highest of any year on record. 

According to data from the U.S. Census Bureau, 5.4 million new business applications were filed in 2021, the highest of any year on record. 

TurboTax customers to receive checks in $141 million settlement

TurboTax customers to receive checks in $141 million settlement

The company was ordered to pay $141 million to low-income consumers who were tricked into paying TurboTax to file their federal returns — despite being eligible for free tax services.

The company was ordered to pay $141 million to low-income consumers who were tricked into paying TurboTax to file their federal returns — despite being eligible for free tax services.

Intuit TurboTax settlement: $141M to be distributed to customers misled to paying for filing

Intuit TurboTax settlement: $141M to be distributed to customers misled to paying for filing

More than 465,000 Texans will receive payment from the $141 million settlement that was reached with Intuit TurboTax in 2022 after customers were misled to pay the company to file their federal tax returns.

More than 465,000 Texans will receive payment from the $141 million settlement that was reached with Intuit TurboTax in 2022 after customers were misled to pay the company to file their federal tax returns.

United planning to hire 15K workers ahead of expected summer travel surge

United planning to hire 15K workers ahead of expected summer travel surge

The hiring sign is out at United Airlines. The airline said Wednesday that it plans to add 15,000 workers this year, and hired 7,000 in just the past four months.

The hiring sign is out at United Airlines. The airline said Wednesday that it plans to add 15,000 workers this year, and hired 7,000 in just the past four months.

Feds raise key interest rate to highest level in 16 years

Feds raise key interest rate to highest level in 16 years

The Federal Reserve reinforced its fight against high inflation Wednesday by raising its key interest rate by a quarter-point to the highest level in 16 years.

The Federal Reserve reinforced its fight against high inflation Wednesday by raising its key interest rate by a quarter-point to the highest level in 16 years.

Here’s why consumers' credit scores got a boost in March: Report

Here’s why consumers' credit scores got a boost in March: Report

Consumer credit scores increased from last year to an average of 701, and the percentage of consumers scored in the subprime credit

Consumer credit scores increased from last year to an average of 701, and the percentage of consumers scored in the subprime credit

Bank deposits fell by more than $76 billion

Bank deposits fell by more than $76 billion

Bank deposits fell by $76.2 billion in April, following the highly publicized closures of Silicon Valley Bank (SVB) and other tech-focused financial institutions. Moreover, high interest rates continue to put pressure on both banks and consumers.

Bank deposits fell by $76.2 billion in April, following the highly publicized closures of Silicon Valley Bank (SVB) and other tech-focused financial institutions. Moreover, high interest rates continue to put pressure on both banks and consumers.

First Republic Bank seized by regulators, sold to JPMorgan Chase

First Republic Bank seized by regulators, sold to JPMorgan Chase

San Francisco-based First Republic is the third midsize bank to fail in two months and is the second-biggest bank failure in U.S. history.

San Francisco-based First Republic is the third midsize bank to fail in two months and is the second-biggest bank failure in U.S. history.

Former Apple employee ordered to serve jail time, pay restitution for fleecing the company

Former Apple employee ordered to serve jail time, pay restitution for fleecing the company

Dhirendra Prasad’s sentencing for two charges — conspiracy to commit mail fraud and wire fraud and conspiracy to defraud the U.S. — stemmed from an alleged plot that lost Apple over $17 million.

Dhirendra Prasad’s sentencing for two charges — conspiracy to commit mail fraud and wire fraud and conspiracy to defraud the U.S. — stemmed from an alleged plot that lost Apple over $17 million.

Gas prices dip, offering consumers some relief at the pump: AAA

Gas prices dip, offering consumers some relief at the pump: AAA

The national average cost for a gallon of gas dropped by five cents from last week to $3.68, reflecting a dip in oil prices, AAA said.

The national average cost for a gallon of gas dropped by five cents from last week to $3.68, reflecting a dip in oil prices, AAA said.