Biden names pick for new IRS head as agency plans for $80 billion funding, wrestles with backlog
President Joe Biden intends to nominate Danny Werfel to become the next IRS Commissioner, overseeing the plan for the agency’s nearly $80 billion in funding.
Even with slower inflation, consumer sentiment weakened sharply in November, survey shows
The University of Michigan Survey of Consumers posted a 54.7 reading for November, down 8.7% from the previous month’s reading.
Comedian Gallagher, famous for smashing watermelons, dies at 76
Leo Anthony Gallagher Jr., known professionally as Gallagher, was an American comedian famous for the “Sledge-O-Matic, a signature sketch where he smashed a variety of foods and ended with a watermelon.
Scaramucci talks FTX, Sam Bankman-Fried and ‘the worst week in cryptocurrency history’
Anthony Scaramucci spoke about friend and business partner Sam Bankman-Fried on CNBC’s “Squawk Box” on Friday morning.
Rallies this year are following a distinct pattern — and so this one may have a little further to run
Market bounces in 2023 have come when fear is high and end when it levels out.
Twitter pauses paid verifications after users abuse service to impersonate brands and people
Earlier this week, Twitter launched a $7.99 subscription service called Twitter Blue. On Friday the option to sign up disappeared from Twitter’s iOS app.
United gives pilots 5% raises early after contract talks turn rocky
The raises were part of a 2020 cost-cutting agreement with the union.
Judge sanctions Trump lawyers over ‘frivolous’ collusion lawsuit against Clinton, DNC
The suit alleged a conspiracy by Hillary Clinton and many others to spread false claims of collusion between Trump’s campaign and Russia in the 2016 election.
Democrats make big gains in state legislatures after beating expectations
Democrats took control of the Michigan state Senate for the first time in nearly 40 years. They’re on track to flip other legislative chambers when all the votes are counted.
Elon Musk tells Twitter staff he sold Tesla stock to save the social network
He made the remarks during an all-hands meeting that he hosted in part to motivate Twitter employees who remain after sweeping layoffs to work hard.
