Investing
IRS Automates Tracing for $3.2 Billion in Unidentified Payments
The IRS is implementing an electronic case management system to address $3.2 billion in unidentified taxpayer payments, responding to TIGTA recommendations.
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World Business
Adnoc LNG Tanker Delivers Cargo to India After Hormuz Transit
An Adnoc LNG tanker, the Umm Al Ashtan, has exited the Strait of Hormuz, delivering cargo to India, contributing to a recent...
Stocks
Semtech Projects $328M Q2 Revenue, Targets 35% Data Center Growth
Semtech (SMTC) forecasts $328 million in Q2 revenue, targeting 35% sequential growth in its data center segment, building on a record-setting Q1.
Finance
PayPal’s Checkout Dominance Erodes as Rivals Gain Ground
PayPal, a pioneer in online payments, faces its most significant challenge in nearly three decades as competitors like Apple and BNPL firms...
Stocks
Cleveland-Cliffs (CLF) Breaches Key 200-Day Moving Average
Cleveland-Cliffs Inc (CLF) shares crossed above their 200-day moving average of $16.80 on Wednesday, June 14, 2023, trading as high as $17.23...
Stocks
Hog Futures See Mixed Close; June Contract Gains Amid Broader Declines
Lean hog futures closed mixed on Tuesday, with the June contract posting a gain while other contracts saw declines. USDA's national base...
World Business
Gulf Shrimpers Face Existential Threat as Fuel Costs Soar, Imports Dominate
Gulf shrimpers are struggling with diesel prices surging over 50% in three months and facing intense competition from cheap imports, pushing many...
Stocks
ArcelorMittal Named Top Metals Pick by Analysts
ArcelorMittal SA (MT) has been ranked as the 16th most favored stock among 50 companies in the Metals Channel Global Mining Titans...
Investing
Retirees Underspend: Fear of Depletion Harms Lifestyle
Many retirees, driven by fear, underspend their savings, missing out on a fulfilling lifestyle. Morningstar research shows half use overly simple strategies,...
Stocks
Elbit Systems Wins $1.4B European Military Modernization Deal
Elbit Systems (ESLT) secured an approximately $1.4 billion contract from a European customer for extensive military modernization programs over five years.
Markets
US Strikes Iran, Asian Markets and Oil Prices React Mixedly
Asian shares and oil prices displayed mixed reactions Tuesday after the U.S. military launched 'self-defense' strikes in southern Iran, even as President...
Stocks
Meta CTO Bosworth Drives AI Workforce, Manager Cuts
Meta's CTO, Andrew Bosworth, is pushing to transform the company's workforce with AI, aiming for fewer managers, according to a Wall Street...